HFCL financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹2,542cr+143.6% on Q2 FY26
Net profit
₹394cr+448.1% on Q2 FY26
EBITDA margin
24.8%+6.6 pts on Q2 FY26
EPS
₹2.37+404.3% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue2,5421,043+143.6%
EBITDA631190+231.3%
EBITDA margin24.8%18.2%+6.6 pts
Profit before tax539107+405.9%
Net profit39471.9+448.1%
EPS₹2.37₹0.47+404.3%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹2,542 crNet profit₹394 crNet margin15.5%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
37,157————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
22679.071.828.576.1
10657.8—44.336.6
1,7131,7131,341977748
38,750————
7,4924,9494,0654,4654,743
—+21.8%−9.0%−5.9%—
1,587762449582619
21.2%15.4%11.1%13.0%13.0%
1,392604343500536
927329173338318
12.4%6.7%4.3%7.6%6.7%
₹5.67₹2.04₹1.16₹2.16₹1.97
—+75.7%−46.2%+9.6%—
—−378396−44.9236
—−345−409−410−342
−723−723−13.2−455−105
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

HFCL₹242.81

HFCL Ltd.

· Telecom & Media
₹ CrorePeersTEJASNETITIRAILTELTTMLBHARTIHEXATATACOMMIDEAOPTIEMUSMcap ₹37,157 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————37,157.2
- Cash, Equiv & ST Investments76.128.571.879.0226.4
+ Minority Interest36.644.3—57.8106.3
+ Total Debt748.3977.31,341.11,713.41,713.4
Enterprise Value————38,750.5
Revenue4,743.34,465.14,064.54,949.37,491.7
Growth %, YoY—-5.9-9.0+21.8—
EBITDA618.7581.5449.0761.91,586.7
Margin %13.0413.0211.0515.3921.18
EBIT535.7499.8343.5604.51,392.5
Net Income317.7337.5173.3329.4926.7
Margin %6.707.564.266.6612.37
EPS, Adj (current shares)1.972.161.162.045.67
Growth %, YoY—+9.6-46.2+75.7—
Cash from Operations236.4-44.9396.0-378.1—
Capital Expenditures-341.6-410.0-409.2-345.3—
Free Cash Flow-105.2-454.9-13.2-723.4-723.4
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

HFCL financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

HFCL (NSE: HFCL) had a market capitalisation of ₹37,259 crore at the 29 October 2026 close (₹243.46 a share), a PE ratio of 42.9 on the last four quarters' profit and a price-to-book ratio of 6.60. In FY26 its consolidated net profit attributable to shareholders was ₹312 crore on revenue of ₹4,949 crore; in Q2 FY27 (July–September 2026) it was ₹363 crore, up 434.8% year on year. Its debt-to-equity ratio was 0.32 on 30 September 2026. Promoters held 28.29% of the shares on 30 September 2026.

HFCL Q2 FY27 results
filed 19 October 2026
Share price used
₹243.46 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

HFCL at a glance · consolidated

Market cap
₹37,259 Crat ₹243.46 · 29 Oct close
PE ratio (last 4 quarters)
42.9119.5 on FY26 profit
Price to book (PB)
6.60book value ₹36.91 a share
ROE (FY26)
6.9%+2.5 pts vs FY25ROCE 11.9%
Debt to equity
0.32net debt ₹1,204 Cr
Promoter holding
28.29%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.08%₹0.20 a share in 12 months
Net worth
₹5,649 Cr+36.7% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
−₹723 Cr

Questions

What is the HFCL PE ratio today?

HFCL's PE ratio is 42.9 at the 29 October 2026 close (₹243.46 a share): a market capitalisation of ₹37,259 crore divided by consolidated net profit attributable to shareholders of ₹868 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹312 crore) it is 119.5.

What is the HFCL PB ratio (price to book value)?

HFCL's price-to-book (PB) ratio is 6.60 at the 29 October 2026 close: a market capitalisation of ₹37,259 crore divided by shareholders' equity (book value) of ₹5,649 crore on 30 September 2026. That is a book value of ₹36.91 per share against a share price of ₹243.46.

What is the HFCL net worth?

HFCL's net worth — shareholders' equity in its consolidated balance sheet — was ₹5,649 crore on 30 September 2026, up 36.7% from ₹4,132 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹37,259 crore at the 29 October 2026 close.

What is the HFCL market cap?

HFCL's market capitalisation was ₹37,259 crore at the 29 October 2026 close: 153.04 crore shares at ₹243.46 each.

What is the HFCL EPS?

HFCL's basic earnings per share (EPS) were ₹2.13 in FY26, against ₹1.23 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹5.74.

What is the HFCL dividend in 2026 and its record date?

In 2026, HFCL has declared one dividend: ₹0.20 with record date 22 September 2026.

Is HFCL debt free?

No. HFCL had borrowings of ₹1,840 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.32. Its cash and current investments were ₹636 crore, so its net debt was ₹1,204 crore.

What is the HFCL debt to equity ratio?

HFCL's debt-to-equity ratio was 0.32 on 30 September 2026: borrowings of ₹1,840 crore against total equity of ₹5,755 crore. A year earlier, on 30 September 2025, it was 0.37.

What is the HFCL dividend yield?

HFCL's dividend yield is 0.08% at the 29 October 2026 close: dividends of ₹0.20 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹243.46. They were ₹0.20 on 22 September 2026.

What is the HFCL ROE and ROCE?

In FY26, HFCL's return on equity (ROE) was 6.9% and its return on capital employed (ROCE) was 11.9%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 4.4% and ROCE 7.7%.

What is the HFCL book value per share?

HFCL's book value per share was ₹36.91 on 30 September 2026: shareholders' equity of ₹5,649 crore divided by the 153.04 crore shares in issue, up 28.8% from ₹28.65 a year earlier. The share price at the 29 October 2026 close was ₹243.46.

What is the HFCL shareholding pattern?

On 30 September 2026, HFCL's shares were held by promoters 28.29%, foreign portfolio investors (FII/FPI) 17.24%, domestic institutions (DII) 10.38% (including mutual funds at 8.03%) and retail and other non-institutional investors 44.07%. Over the year, FII holding was up 9.76 percentage points from 7.48% and DII holding was down 3.20 percentage points from 13.58%.

What is the HFCL promoter holding?

Promoters held 28.29% of HFCL on 30 September 2026, unchanged from the previous quarter and down 1.73 percentage points from 30.02% a year earlier, according to the shareholding pattern filed with NSE.

What is the HFCL free cash flow?

In FY26, HFCL generated ₹378 crore of cash from operations and spent ₹345 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹723 crore. In FY25 it was −₹13.2 crore.

When are the HFCL next results?

HFCL has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What are the HFCL latest quarterly results?

HFCL's latest results are for Q2 FY27 (July–September 2026), filed on 19 October 2026: consolidated net profit attributable to shareholders ₹363 crore, up 434.8% from ₹67.9 crore in Q2 FY26; revenue from operations ₹2,542 crore, up 143.6% year on year.

What is the HFCL revenue and profit in FY26?

In FY26 (April 2025–March 2026), HFCL's consolidated net profit attributable to shareholders was ₹312 crore, up 75.7% from ₹177 crore in FY25, on revenue from operations of ₹4,949 crore (up 21.8%). Over three years, from FY23, net profit was up 3.6%.

HFCL vs Tejas Networks: how do they compare?

In FY26, HFCL earned net profit attributable to shareholders of ₹312 crore on revenue of ₹4,949 crore, against ₹909 crore on ₹1,103 crore for Tejas Networks. HFCL's operating margin was 12.2% (Tejas Networks −98.3%) and its return on equity 6.9% (Tejas Networks −26.8%). At the 29 October 2026 close, HFCL's market capitalisation was ₹37,259 crore against ₹7,561 crore for Tejas Networks.

How does HFCL compare with its peers?

On FY26 consolidated figures, against Tejas Networks and ITI: HFCL's operating margin of 12.2% is the highest of the three (Tejas Networks −98.3%, ITI −0.6%; peer average −49.4%); its return on equity of 6.9% is the second highest of the three (Tejas Networks −26.8%, ITI 16.6%; peer average −5.1%); its revenue growth over three years of 1.4% a year is the lowest of the three (Tejas Networks 6.3% a year, ITI 16.1% a year; peer average 11.2% a year).

Where do these HFCL figures come from?

From HFCL's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.