HFCL Ltd
NSE:HFCL
HFCL Ltd
HFCL Ltd., once known as Himachal Futuristic Communications Limited, narrates a compelling narrative of resilience and innovation within the telecommunications landscape. Born in the hustle and bustle of the Indian tech boom, HFCL carved its niche by providing a gamut of products ranging from optical fiber cables to advanced telecommunications equipment. This diversification extends to system integration, prominently engaging in the design, development, and implementation of communication networks. The company has embraced the digital era, strategically positioning itself in fiber-to-the-home (FTTH) networks and other cutting-edge technologies that promise faster, more reliable internet connections.
At the heart of HFCL's operations is its adeptness in generating revenue through its two-pronged business model. The first path is direct sales of its telecommunications hardware and planned network systems, where they cater to national and global telecom operators, and traditional corporate entities seeking robust communication solutions. The second stream revolves around turnkey services, positioning HFCL not merely as a supplier, but as an end-to-end solutions provider. By leveraging its expansive manufacturing capabilities and in-depth domain expertise, the company orchestrates complex projects from start to finish. As digital connectivity remains an unyielding demand across sectors, HFCL stands poised, adeptly bridging technology and seamless connectivity for its diverse clientele.
HFCL Ltd., once known as Himachal Futuristic Communications Limited, narrates a compelling narrative of resilience and innovation within the telecommunications landscape. Born in the hustle and bustle of the Indian tech boom, HFCL carved its niche by providing a gamut of products ranging from optical fiber cables to advanced telecommunications equipment. This diversification extends to system integration, prominently engaging in the design, development, and implementation of communication networks. The company has embraced the digital era, strategically positioning itself in fiber-to-the-home (FTTH) networks and other cutting-edge technologies that promise faster, more reliable internet connections.
At the heart of HFCL's operations is its adeptness in generating revenue through its two-pronged business model. The first path is direct sales of its telecommunications hardware and planned network systems, where they cater to national and global telecom operators, and traditional corporate entities seeking robust communication solutions. The second stream revolves around turnkey services, positioning HFCL not merely as a supplier, but as an end-to-end solutions provider. By leveraging its expansive manufacturing capabilities and in-depth domain expertise, the company orchestrates complex projects from start to finish. As digital connectivity remains an unyielding demand across sectors, HFCL stands poised, adeptly bridging technology and seamless connectivity for its diverse clientele.
Revenue Growth: Q3 FY '26 revenue rose to INR 1,210.79 crores, up from INR 1,043.34 crores in Q2 and INR 1,011.95 crores in Q3 last year.
Profitability Jump: Q3 FY '26 Profit After Tax climbed to INR 102.37 crores, up from INR 71.92 crores in Q2; profitability up 41% year-on-year.
Export Surge: Exports made up 27% of revenue in Q3 FY '26, up sharply from 14% a year ago, with new export orders totaling about USD 192 million.
OFC Realization Up: Optical fiber cable realization increased to INR 1,055 per fiber kilometer from INR 964 in the previous quarter; further 10% increase expected.
Order Book Strong: Order book stood at INR 11,125 crores as of Dec 31, 2025, up from INR 9,981 crores in Q2 and INR 10,410 crores in Q3 FY '25.
Capacity Expansion: Major capacity increases for fiber and cables are on track, with optical fiber to reach 42.36 million fiber km by June 2026.
Growth Guidance: Management expects sequential revenue growth of 10–15% in Q4 and strong profitability, with Fiber Optic Cable business revenue expected to reach INR 3,400–3,500 crores next year.
Segment Outlooks: Defence and O&M revenues are set to grow, with defence expected at INR 400–500 crores and O&M at INR 450–500 crores annually in the coming years.
