HFCL Revenue History — Quarter by Quarter

HFCL's revenue moved from ₹995 Cr in Q1 FY24 to ₹1,824 Cr in Q4 FY26, a 83.3% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹1,824 Cr	+127.8%
Q1 FY25	₹1,158 Cr	+16.38%
Q1 FY24	₹995 Cr	-5.31%

What management said about revenue

Q4 FY26 · 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.

Q4 FY26 · Data center interconnect revenue of ₹400 Cr in FY27

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

Q1 FY25 · FY25 revenue growth of 25-30%

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

Q1 FY25 · Telecom equipment revenue target of INR 2,000 crore in FY25

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

Q1 FY25 · Passive connectivity solutions revenue of INR 250 crore in FY25

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

Q1 FY24 · Product revenue target of INR 800-1,000 Cr in FY25

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

Q1 FY24 · 5G product revenue of INR 350-400 Cr in FY24

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

Q1 FY24 · Optical fiber capacity expansion to add INR 150 Cr annualized profit

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.