HFCL hits all-time high after record Q4; profit at ₹179 crore

Shares of HFCL surged on Thursday after the company reported a sharp turnaround in its March quarter earnings, hitting a fresh all-time high during the session.

The stock hit a 52-week-high of ₹119.50 post-announcement of Q4 results.

Profit swings to positive; revenue more than doubles

HFCL reported a consolidated net profit of ₹179 crore for Q4 FY26, compared with a loss of ₹81 crore a year ago.

Revenue from operations more than doubled to ₹1,824 crore from ₹801 crore in the year-ago period, reflecting strong execution across its telecom and EPC businesses.

Operating performance rebounds sharply

The company posted an EBITDA of ₹314.7 crore during the quarter, compared with an EBITDA loss of ₹36 crore a year earlier.

Margins improved sharply to 17.25% from negative 4.49%, indicating a strong recovery in operating leverage.

Commenting on the performance, managing director Mahendra Nahata said, “FY26 has been a defining year for HFCL, during which we delivered our highest-ever performance.”

He added, “We are witnessing not only a substantial expansion in our order book but also improvement in its business composition, with a higher share of exports, long-term contracts, and high-margin products.”

Order book crosses ₹21,000 crore; exports surge

The company’s order book more than doubled to ₹21,206 crore, providing strong multi-year revenue visibility.

Exports also saw a sharp jump, contributing 41% of revenue in FY26 compared with 12% in the previous year, supported by growing demand from global markets.

HFCL said the improvement in margins was driven by a favourable shift towards product-led revenue, higher exports and better realisations in optical fibre cables.

“The strong momentum witnessed in Q4FY26 will continue in coming quarters,” Nahata said.

Strategic bets on defence, backward integration

The company is expanding its presence in defence and aerospace, backed by a confirmed export-oriented order book of around ₹1,930 crore in the segment.

It is also investing about ₹580 crore to set up an optical fibre preform facility, aimed at improving cost efficiencies and supporting long-term margin expansion.

Board announces dividend, restructuring review

The board has recommended a dividend of ₹0.20 per equity share of face value ₹1 each (20%) for FY26, subject to shareholder approval. It has also set up a restructuring committee to evaluate options including demerger and business realignment across its verticals.

Shares of HFCL ended 8.27% higher at ₹115.96 apiece on the NSE on Thursday. The stock has risen nearly 46% in the past year, outperforming the broader Nifty 500 index, which has gained close to 3% during the same period.