On a consolidated basis, revenue from operations surged 143.62% year-on-year and 32.73% quarter-on-quarter to Rs 2,541.79 crore in Q2 September 2026 (Q2 FY27). Net profit surged 448.14% YoY and 60.49% QoQ to Rs 394.22 crore during the quarter.

EBITDA more than tripled to Rs 658 crore in Q2 FY27 from Rs 203.37 crore a year earlier, registering growth of 223.55%. Sequentially, EBITDA increased 47.78% from Rs 445.27 crore. EBITDA margin expanded to 25.89% from 19.49% in Q2 FY26 and 23.25% in Q1 FY27.

Profit before tax (PBT) surged 406.49% YoY and 62.46% QoQ to Rs 538.60 crore in Q2 FY27.

Total expenses increased 121.05% YoY to Rs 1964.97 crore. Cost of raw material/services consumed surged 230.15% YoY to Rs 1377.07 crore, while employee expenses jumped 38.31% YoY to Rs 130.34 crore. Depreciation increased 49.51% YoY to Rs 53.72 crore. Finance costs increased 7.29% YoY to Rs 65.34 crore.

The company's consolidated order book stood at Rs 28,911 crore at the end of Q2 FY27, up 8.42% over Rs 26,665 crore in Q1 FY27 and up 36.33% over Rs 21,206 crore in Q4 FY26. Products accounted for Rs 19,751 crore of the order book, while networks contributed Rs 4,090 crore and operations and maintenance (O&M) accounted for Rs 5,070 crore. Government orders stood at Rs 10,105 crore, while private-sector orders amounted to Rs 18,806 crore. The company said 64% of its order book came from optical fibre cable (OFC) and data centre interconnect (DCI) solutions, while 57% came from exports.

HFCL managing director Mahendra Nahata said the company delivered its best-ever quarterly performance, supported by growing demand across AI infrastructure, hyperscale data centres and telecom networks. He said the order book exceeded Rs 28,900 crore and provided multi-year revenue visibility, supplemented by an advanced order pipeline.

The company expects FY27 revenue growth of at least 80% over FY26, supported by current business visibility and momentum. It plans to invest approximately Rs 1,800 crore in optical fibre, cable and preform manufacturing to expand capacity and deepen integration. HFCL also expects to achieve its previously stated Rs 10,000-crore revenue milestone by FY29 earlier than initially envisaged.

The Defence and Aerospace business remains another growth driver. HFCL is targeting defence revenue of approximately Rs 500 crore in FY27. The company said the ongoing acquisition of an aerospace business is expected to be completed during the current quarter. Its defence portfolio includes thermal weapon sights, electronic fuzes, surveillance radars, multi-mode hand grenades and aerostructures.

HFCL is a leading technology enterprise specialising in optical fiber, optical fiber cable and connectivity solutions, telecom products, Defence and Aerospace products, and digital infrastructure.