HFCL Ltd

HFCL Limited announced the voluntary liquidation and deregistration of its Australian step-down subsidiary, HFCL Pty Ltd, effective August 19, 2026. The company stated that HFCL Pty Ltd had no business operations, and therefore, its liquidation will not have any financial impact on HFCL Limited's business. The net worth of the subsidiary as of March 31, 2026, was a negligible ₹(0.09) crore, with no revenue contribution. This action is in compliance with SEBI Listing Regulations.

HFCL Ltd has announced securing significant export orders totaling approximately USD 54.81 million (INR 522.73 crore) for the supply of optical fiber cables to international customers. These orders underscore the company's manufacturing prowess and technological capabilities. The execution of these contracts is expected by January 2027. This development is a testament to the growing global demand for HFCL's products and reinforces its position in the international market.

HFCL Ltd has announced securing a significant export order worth approximately USD 46.13 million (INR 441.53 crore) for the supply of optical fiber cables. The order was obtained through its overseas wholly-owned subsidiary from a renowned international customer. This contract, to be executed by January 2027, underscores the company's manufacturing prowess and technological capabilities in the global market. The order was received in the normal course of business and does not involve promoters or related parties.

HFCL Ltd has submitted Monitoring Agency Reports detailing the utilization of proceeds from its Qualified Institutions Placements (QIP) and Preferential Issue of Warrants for the quarter ended June 30, 2026. The company raised approximately ₹550 crore via QIP by allotting equity shares at ₹62.55 per share. Additionally, it approved a preferential issue of 7.5 crore warrants at ₹74 per warrant, receiving ₹138.75 crore (25% of the issue price). CARE Ratings Limited, appointed as the Monitoring Agency, has confirmed nil deviation from the stated objects for both issuances in its report for the specified quarter.

HFCL Limited announced its highest-ever quarterly financial results for Q1FY27 ended June 30, 2026. Consolidated revenue surged by 119.85% year-on-year to ₹1914.98 crore, with EBITDA witnessing a massive 937.20% increase to ₹445.27 crore. EBITDA margin expanded significantly to 23.25% from 4.93% in Q1FY26. The company also reported a strong order book of approximately ₹26,665 crore, nearly five times its FY26 revenue. Export revenue grew substantially, contributing 55.53% of total revenue in Q1FY27. HFCL plans to invest ₹215 crore in an advanced AI Data Centre Connectivity Solutions manufacturing facility and is progressing with capacity expansions for Optical Fiber and Optical Fiber Cables, along with backward integration into preform manufacturing.

HFCL Ltd's Board of Directors has approved the establishment of a state-of-the-art manufacturing facility for Data Center Connectivity Products. The facility will have a capacity of 2,70,000 assemblies per annum with an estimated capital outlay of ₹215 crore. This expansion is driven by the significant global demand for data center connectivity products, fueled by AI, hyperscale data centers, and cloud computing. The new facility will produce advanced products like MMC and SNMT assemblies, crucial for high-speed data center and AI infrastructure. The project is expected to be commissioned by September 2027 and will be financed through a mix of internal accruals and debt. This move aims to capitalize on market growth, expand manufacturing capabilities, and strengthen HFCL's position in the high-growth data center market.

HFCL Ltd's Board of Directors has approved the establishment of a new manufacturing facility for Data Center Connectivity Products. The facility will have a capacity of 2,70,000 assemblies per annum and an estimated capital outlay of ₹215 crore. This expansion is driven by the significant global demand for data center connectivity products, fueled by AI, hyperscale data centers, and cloud computing. The facility is expected to be commissioned by September 2027 and will be financed through a mix of internal accruals and debt. The Board also approved the un-audited financial results for the first quarter ended June 30, 2026, on standalone and consolidated basis.

HFCL turned around decisively in Q1 FY27, reporting consolidated PAT of ₹245.64 Cr against a ₹29.30 Cr loss in the year-ago quarter, while revenue from operations more than doubled to ₹1,914.98 Cr (+119.9% YoY, +5.0% QoQ). Standalone told the same story — ₹179.21 Cr profit versus a ₹42.34 Cr year-ago loss on ₹1,607.80 Cr revenue — so the two bases do not diverge in direction. This is a genuine turnaround, not a low-base optical: the year-ago June 2025 quarter carried a pre-tax loss, and the swing is driven by real volume and mix, not one-offs (there are no exceptional items on either side). The margin bridge is the story beneath the topline. Consolidated EBITDA rose to ~₹445.3 Cr from ₹42.9 Cr a year earlier (up ~937%), lifting EBITDA margin to ~23.3% from ~4.9%; net margin expanded to 12.8% from -3.3% YoY and from 9.99% sequentially. Management attributes the operating leverage to hyperscale/data-centre demand, a sharp export ramp (export revenue ₹1,063.3 Cr, ~55.5% of sales, up ~4x from ₹209.7 Cr YoY) and economies of scale as production scaled — consistent with its prior concall thesis of OFC realisation gains, favourable mix and EPC-loss resolution. Against its own guidance the quarter is a clear beat: on the Q4 FY26 concall management guided 20-25% FY27 revenue growth and 3-4% margin expansion off a ₹21,200 Cr order book; alongside these results it disclosed a record order book of ~₹26,665 Cr (~5x FY26 revenue) and raised FY27 revenue-growth guidance to ~40% from 20%. No formal street consensus PAT print was on record for this mid-cap, so vsStreet is unknown, though coverage characterised the result as a strong beat. Concurrent with results the board approved a ₹215 Cr facility for data-centre connectivity products (MMC/SNMT assemblies, 2.70 lakh assemblies/yr, commissioning by Sept 2027), reinforcing the same AI/hyperscale demand narrative that powered the quarter. Funding stays supported by QIP balances (₹36.28 Cr unutilised) and warrant proceeds (₹138.75 Cr received, ₹90 Cr still in FDs).

HFCL Ltd has announced that its Board of Directors will convene on July 22, 2026, to consider and approve the un-audited financial results for the first quarter ended June 30, 2026, on both standalone and consolidated bases. Concurrently, the company confirmed that the trading window for designated persons, which was closed from June 30, 2026, will reopen on July 27, 2026, in compliance with SEBI regulations regarding insider trading.

HFCL Ltd has received approval from the Hon'ble Regional Director, Northern Region-II, Chandigarh, for the shifting of its Registered Office. The office will move from Solan, Himachal Pradesh, to Gurugram, Haryana. The company received the certified true copy of the order on July 14, 2026. HFCL is now in the process of filing the necessary e-forms with the Registrar of Companies and will inform the stock exchanges about the effective date of the shift. This information will also be updated on the company's website.