HFCL Reports Stellar Q2 FY26 Results with 5x Surge in EBITDA; Strengthens Global and Defence Business Momentum

HFCL Limited, a leading technology enterprise in the telecom and defence sectors, delivered an impressive performance in Q2 FY26 with a sharp recovery in profitability, solid operational momentum, and growing international business contributions. The Company reported revenue of INR 1,043.34 crore, marking a 19.78% quarter-on-quarter growth, with EBITDA surging nearly fivefold to INR 203.37 crore from INR 42.93 crore in Q1FY26. The EBITDA margin expanded to 19.49%, up from 4.93% in the previous quarter, while PAT turned positive at INR 71.92 crore, reflecting a significant turnaround from a INR 29.30 crore loss in Q1FY26. International business emerged as a strong driver of growth, contributing 28% of the total revenue in Q2FY26 compared to 24% in Q1FY26 and 10% in Q2FY25. During the quarter, HFCL achieved major export wins and strong traction in its defence electronics portfolio, reflecting the successful execution of its diversification strategy.