HFCL stock hits upper circuit as Q2 FY27 profits surge over 5x y-o-y

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Consolidated revenue for Q2 FY27 rose 143.62% year-on-year to ₹2,541.79 crore, up from ₹1,043.34 crore in the same quarter last year

By BL Mumbai Bureau

Updated - October 19, 2026 at 01:25 PM.

Shares of HFCL Limited hit the 5 per cent upper circuit band on the National Stock Exchange on Monday, touching ₹268.81.

Shares of HFCL Limited hit the 5 per cent upper circuit band on the National Stock Exchange on Monday, touching ₹268.81, after the Gurugram-based technology company reported its best-ever quarterly results for the second quarter ended September 30, 2026.

Consolidated revenue for Q2 FY27 rose 143.62 per cent year-on-year to ₹2,541.79 crore, up from ₹1,043.34 crore in the same quarter last year. Profit after tax jumped 448.14 per cent to ₹394.22 crore from ₹71.92 crore in Q2 FY26, while profit before tax climbed 406.49 per cent to ₹538.60 crore. Sequentially, PAT grew 60.49 per cent over Q1 FY27. EBITDA margin expanded 640 basis points year-on-year to 25.89 per cent.

For the first half of FY27, PAT reached ₹639.86 crore against ₹42.62 crore in H1 FY26, a jump of 1,401 per cent. Revenue for H1 FY27 stood at ₹4,456.77 crore, up 132.81 per cent year-on-year.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held earlier today, with statutory auditors S. Bhandari & Co. LLP and Oswal Sunil & Company issuing clean limited review reports.

Managing Director Mahendra Nahata said the company now expects full-year FY27 revenue growth of at least 80 per cent over FY26, and indicated that the earlier target of ₹10,000 crore in annual revenue by FY29 could be achieved sooner than planned. The company’s order book stands at ₹28,911 crore, with revenue visibility extending six to seven years.

HFCL also announced a planned capital investment of approximately ₹1,800 crore in optical fiber, cable, and preform manufacturing capacity. The company’s Defence and Aerospace business is targeting revenues of approximately ₹500 crore in FY27.

The stock has gained approximately 290 per cent year-to-date, against a decline of around 7.58 per cent for the Nifty 500 over the same period. HFCL’s total market capitalisation stood at ₹41,144 crore at the time of reporting.

Published on October 19, 2026

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