HFCL reports stellar Q2 FY26 results with fivefold EBITDA surge

HFCL reported Q2 FY26 revenue of ₹1,043.34 crore, a 19.78% quarter-on-quarter increase, with EBITDA surging nearly fivefold to ₹203.37 crore from ₹42.93 crore in Q1 FY26. The company’s PAT turned positive at ₹71.92 crore, reflecting a significant recovery from a ₹29.30 crore loss in the previous quarter. The EBITDA margin expanded to 19.49%, and PAT margin reached 6.89%.

International business was a strong growth driver, contributing 28% of total revenue in Q2 FY26, up from 24% in Q1 FY26 and 10% in Q2 FY25. Key milestones include major export wins, strong traction in the defense electronics portfolio, and the allocation of 1,000 acres of land by the Government of Andhra Pradesh for a proposed Defense Manufacturing Facility. These efforts underscore HFCL’s growth as a global technology enterprise, focusing on high-value product offerings and strategic partnerships.

The company is enhancing its customer mix by prioritizing higher-margin private clients and is strategically positioned to capitalize on the rebound in global demand. HFCL is expanding manufacturing capacities and strengthening R&D capabilities, with 368 R&D personnel across three dedicated centers, to meet rising demand and accelerate time-to-market.