HFCL Management Guidance Tracker

Management expects product revenue to reach INR 800-1,000 Cr in FY25, driven by new 5G products and capacity expansion.

Revenue from 5G-related products (including UBR and Wi-Fi used in 5G networks) expected at INR 350-400 Cr in FY24.

Management expects overall revenue growth of 25-30% in FY25, driven by telecom equipment and passive connectivity solutions.

Revenue from telecom and networking products is expected to reach approximately INR 2,000 crore in FY25, up from INR 143 crore in FY24.

Revenue from passive connectivity solutions is expected to be INR 250 crore in FY25, growing to INR 750 crore in 2-3 years.

Management expects revenue to grow 20-25% year-on-year in FY27, driven by strong order book and capacity expansion.

Data center interconnect solutions expected to contribute at least ₹400 Cr revenue in FY27, scaling to ₹800 Cr in FY28.

Management expects EBITDA margins to remain around 16% with potential slight improvement as product mix improves.

Blended EBITDA margin expected to improve by 300-400 bps in FY27 due to better product mix and reduction in EPC losses.

Expansion of optical fiber capacity from 10M to 33M fiber km is expected to generate additional profitability of INR 150 Cr annually at current prices.

The new optical fiber cable facility in Poland, with a capex of INR 170 crore, is expected to be commercialized within calendar year 2025.

Capital expenditure for FY27 estimated at ₹600 Cr (including preform, defense, and capacity expansion) and ₹350 Cr for FY28.