HFCL Limited made the audio recording of its Investors' and Analysts Conference Call available on its official website. The call was held on October 19, 2026, and the recording is now accessible to all stakeholders via the company's web portal.

This action follows a prior intimation issued by the company earlier on the same day. The disclosure was submitted to both BSE Ltd. and National Stock Exchange of India Ltd. in compliance with Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory filing confirms that the audio file has been hosted at www.hfcl.com . This step ensures transparency and provides immediate access to the management's commentary and Q&A session for investors and analysts who could not attend the live event.

Disclosure details

The company requested the stock exchanges to take the information on record and disseminate it on their respective websites. The document was digitally signed by Manoj Baid, President & Company Secretary, on October 19, 2026, at 6:19 pm IST.

HFCL Limited reported its best-ever quarterly performance for Q2FY27, with consolidated net profit surging 448.14% year-on-year to ₹394.22 crore. This marks a significant shift from the ₹71.92 crore reported in Q2FY26, driven by robust demand in telecom and defence sectors.

The company's operational efficiency improved markedly alongside top-line growth. Revenue from operations rose 143.62% YoY to ₹2,541.79 crore, while EBITDA expanded 223.55% to ₹658.00 crore. Consequently, the EBITDA margin widened by 640 basis points to 25.89%, reflecting strong operating leverage and cost controls.

Financial performance overview

The following table summarizes HFCL's key consolidated financial metrics for Q2FY27 compared to previous periods:

For the half-year period (H1FY27), revenue grew 132.81% YoY to ₹4,456.77 crore, while PBT jumped 1,311.62% to ₹870.12 crore and PAT rose 1,401.31% to ₹639.86 crore.

What the numbers show

The data indicates a substantial improvement in operational efficiency alongside top-line growth. While revenue grew by approximately 144%, EBITDA grew by roughly 224%, indicating that cost controls or operating leverage significantly outpaced revenue expansion. This resulted in a margin expansion of 640 basis points, suggesting that the incremental revenue contributed disproportionately to profits compared to the previous year's baseline.

Furthermore, the divergence between revenue growth (143.62%) and PAT growth (448.14%) highlights a significant reduction in effective tax rates or improved pre-tax profitability dynamics. The PAT margin expanded by 862 basis points YoY, outpacing the 640 basis point EBITDA margin expansion, which suggests favorable tax treatment or lower interest costs relative to the surge in operating income.

Order book and strategic outlook

HFCL disclosed an order book exceeding ₹28,900 crore, providing multi-year revenue visibility extending six to seven years. The company expects FY27 revenue growth to be at least 80% over FY26, supported by current business momentum. Additionally, management stated an aim to reach ₹10,000 crore in revenue sooner than the previously targeted FY29 timeline.

Key strategic developments include:

• Defence and Aerospace: The business remains on track for a revenue aspiration of approximately ₹500 crore in FY27. The ongoing acquisition of an aerospace business is expected to complete during the current quarter.
• Capacity Expansion: A planned investment of approximately ₹1,800 crore across optical fiber, cable, and preform manufacturing will expand capacity and deepen integration.
• Demand Drivers: Accelerating demand is noted across AI infrastructure, hyperscale data centres, and telecom networks, with international opportunities converting into firm contracts.

Management participation and call details

Key members of HFCL management participated in the earnings call to address analyst queries regarding these results. The representatives included:

• Mahendra Nahata, Promoter and Managing Director
• V. R. Jain, Chief Financial Officer
• Manoj Baid, Company Secretary
• Amit Agarwal, Head of Investor Relations

Nuvama Institutional Equities hosted the conference call, with Achal Lohade from Nuvama Wealth Management Ltd serving as the call leader. The disclosure was made under Regulation 30 of the SEBI Listing Regulations. A transcript and audio recording of the call are available on the company's website and respective stock exchange platforms.

Conference call access details

Participants could join the audio call using the dial-in numbers provided below. The primary access numbers for India were listed first, followed by international toll-free options.

For further information, stakeholders may contact the Investor Relations team via email at ir@hfcl.com or by phone at +91 11 3520 9530.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE548A01028/b25e1e50-4c4c-4eed-89dc-3a905ddbde05.pdf