India · Delayed Price · Currency is INR HFCL Limited Earnings Call Transcripts
Fiscal Year 2026
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Record annual and quarterly results were driven by strong export growth, margin expansion, and a robust order book. Strategic moves in defense and data centers, along with capacity expansion, position the business for 20%-25% revenue growth and higher margins in FY 2027.
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Q3 FY26 saw robust revenue and margin growth, driven by strong OFC demand, export expansion, and capacity upgrades. Guidance indicates continued sequential growth, with profitability expected to surpass last year, and major contributions from defense, telecom, and O&M segments.
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Q2 FY26 saw strong revenue and margin recovery, with robust order book and high capacity utilization. Optical fiber and defense segments are driving growth, supported by capacity expansion and export momentum. Guidance for 20% revenue growth and improved margins remains intact.
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Q1 FY26 marked a turnaround with strong order inflows, 100% optical fiber cable utilization, and a robust INR 10,480 crore order book. Revenue is projected to grow 25% in FY26, with optical fiber cable revenue expected to double and defense segment revenue to rise, supported by capacity expansions and new product launches.
Fiscal Year 2025
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Revenue and margins declined in FY 2025 due to weak optical fiber demand and EPC delays, but a strong order book, full capacity utilization, and new product launches position the company for 25%-30% revenue growth in FY 2026, with defense and data center segments as key drivers. Order book reached INR 9,967 crore.
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Revenue and margins were stable despite a challenging OFC market, with a strong order book of ₹10,410 crore driven by BharatNet and defense wins. Management expects improved demand and profitability as capacity utilization rises and new projects ramp up.
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Revenue and margins were stable despite a global fiber optic cable downturn, with Q2 FY25 revenue at INR 1,094 crores and EBITDA margin at 15.71%. Management expects demand recovery and maintains a three-year revenue target of INR 10,000 crores.
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Q1 FY2025 saw revenue of INR 1,158 crores and net margin of 9.55%, with strong growth in telecom equipment offsetting a global slowdown in optical fiber cables. The order book stands at INR 6,776 crores, and management expects 25%-30% revenue growth for FY2025, supported by new products and capacity expansion.