HFCL Limited shares retreated from an intraday 52-week high on Oct. 21, while its approved quarterly results showed a sharp revenue increase and management forecast at least 80% revenue growth in FY27 over FY26.
Business Standard’s market listing records HFCL’s BSE peak at ₹282.10, roughly 5% above the previous close. The shares ended at ₹264.85, down 1.43%. The same listing puts the Jan. 23 52-week low at ₹59.83, making the Oct. 21 peak 371.5% higher by calculation.
HFCL’s board approved the unaudited results on Oct. 19 for the quarter ended Sept. 30, according to its exchange filing. The investor presentation records July-September revenue from operations at ₹25.42 billion, 143.62% above the year-earlier ₹10.43 billion. Total consolidated profit reached ₹3.94 billion, up 448.14% from ₹719.2 million; the filing separately lists ₹3.63 billion as profit attributable to owners of the parent. EBITDA, or earnings before interest, taxes, depreciation and amortization, was ₹6.58 billion, with a 25.89% margin, compared with ₹2.03 billion and a 19.49% margin a year earlier.
HFCL operates in telecom and defense and supplies optical fiber, telecom equipment and data-center products. Its Q2 FY27 order book stood at ₹289.11 billion. The presentation assigns 64% of the book to optical fiber cable and data-center interconnect, and says exports accounted for 57%.
Managing Director Mahendra Nahata said the company expects at least 80% revenue growth in FY27 over FY26. HFCL linked the outlook to demand from AI infrastructure, hyperscale data centers and international telecom networks. It outlined about ₹18 billion in planned investment in optical fiber, cable and preform manufacturing, as well as a ₹100 billion revenue aspiration ahead of its original FY29 horizon. Delivery against the FY27 growth outlook is the stated indicator to watch.
For technical levels, Mint reported that Mayank Jain of PhonePe Invest identified support at ₹230-240 and a deeper level near ₹200. Mint also reported that Hitesh Tailor, a technical research analyst at Choice Broking, cited support near ₹250 and resistance between ₹280 and ₹285, with a daily close above ₹285 as a breakout signal.
