What was HFCL's revenue in Q4 FY26?

HFCL reported revenue of ₹1,824 Cr in Q4 FY26, a +127.8% change year-over-year.

Did HFCL management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

HFCL Diversified 2026-04-??

HFCL LTD — Q4 FY26

Q: What guidance did HFCL management give?

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

HFCL delivered a record Q4 FY26 with revenue of ₹1,824 Cr (up 128% YoY) and EBITDA of ₹337 Cr (18.5% margin vs -2.8% a year ago), driven by strong OFC demand from hyperscalers, a shift to high-margin products, and export growth (41% of revenue vs 12% last y...

Revenue ₹1,824 Cr +127.8%

EBITDA ₹337 Cr

PAT ₹184 Cr

EBITDA Margin 18.47% +2126bps

Duration 87 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

HFCL delivered a record Q4 FY26 with revenue of ₹1,824 Cr (up 128% YoY) and EBITDA of ₹337 Cr (18.5% margin vs -2.8% a year ago), driven by strong OFC demand from hyperscalers, a shift to high-margin products, and export growth (41% of revenue vs 12% last year). The order book hit an all-time high of ₹21,200 Cr, including a landmark $1.1B global OFC contract. Management guided for 20-25% revenue growth and 3-4% margin expansion in FY27, supported by capacity additions, data center interconnect solutions (₹400 Cr revenue expected), and defense scaling. Key risk: any sharp reversal in fiber pricing or geopolitical disruption could pressure margins.

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Geopolitical disruption impacting supply chain or demand

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Quarter Snapshot

Order Book ₹21,200 Cr

+?% YoY

All-time high order book including ₹12,250 Cr export orders (58% of total).

Export Revenue Share 41.36%

+29.13pp YoY

Export revenue share increased from 12.23% in FY25 to 41.36% in FY26.

Product Revenue Share 62%

+35pp vs FY21

Product-led revenue share rose from 27% in FY21 to 62% in FY26.

OFC Capacity (Fiber) 28M fkm

+5.9M fkm by Dec'26

Optical fiber capacity to expand from 28M to 33.9M fkm by Dec 2026.

Fast read

Guidance and risk preview

Top guidance Revenue growth of 20-25% in FY27

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

Top risk Geopolitical disruption impacting supply chain or demand

Management acknowledged that geopolitical events (e.g., canal closures, conflicts) could disrupt operations or demand, though they currently see no...

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