HFCL Ltd.
HFCLTelecommunication filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
30 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 30 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190604 | 2019-03-31 | yes | |
| TRANSCRIPT | 20190806 | 2019-06-30 | yes | |
| TRANSCRIPT | 20191114 | 2019-09-30 | yes | |
| TRANSCRIPT | 20200226 | 2019-12-31 | yes | |
| TRANSCRIPT | 20200626 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200923 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201118 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210127 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210526 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210722 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211126 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220131 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220506 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220728 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221028 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230201 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230515 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230802 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231030 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240209 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240510 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240801 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241029 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250211 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250530 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250801 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251028 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260210 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260508 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260729 | 2026-06-30 | yes |
HFCL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 210.69 |
| 52-week range | 60.95 – 251.47 |
| Return 1M | -11.48% |
| Return 3M | -2.0% |
| Return 1Y | 178.43% |
| Return 3Y | 193.85% |
| Return 5Y | 196.33% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,915.00 |
| Other income | 31.00 |
| Total income | 1,946.00 |
| Cost of materials consumed | 969.00 |
| Purchases of stock-in-trade | 371.00 |
| Changes in inventories | -169.00 |
| Employee benefit expense | 147.00 |
| Finance costs | 62.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.28 | 0.00 |
| institutions foreign | 0.16 | 0.09 |
| institutions domestic | 0.11 | 0.02 |
| mutual funds | 0.08 | 0.01 |
| public | 0.72 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 30 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,173.00 | 1,086.00 | 1,433.00 | 995.00 | 1,111.00 | 1,032.00 | 1,326.00 | 1,158.00 | 1,094.00 | 1,012.00 | 801.00 | 871.00 | 1,043.00 | 1,211.00 | 1,824.00 | 1,915.00 |
| Other income | 9.00 | 6.00 | 14.00 | 13.00 | 17.00 | 47.00 | 14.00 | 10.00 | 14.00 | 20.00 | 14.00 | 15.00 | 13.00 | 15.00 | 22.00 | 31.00 |
| Total income | 1,182.00 | 1,092.00 | 1,447.00 | 1,008.00 | 1,129.00 | 1,079.00 | 1,340.00 | 1,169.00 | 1,107.00 | 1,032.00 | 814.00 | 886.00 | 1,056.00 | 1,226.00 | 1,846.00 | 1,946.00 |
| Cost of materials consumed | 453.00 | 459.00 | 590.00 | 469.00 | 468.00 | 535.00 | 461.00 | 411.00 | 334.00 | 378.00 | 786.00 | 448.00 | 417.00 | 408.00 | 630.00 | 969.00 |
| Purchases of stock-in-trade | 406.00 | 280.00 | 598.00 | 215.00 | 422.00 | 226.00 | 528.00 | 436.00 | 383.00 | 237.00 | 62.00 | 219.00 | 388.00 | 674.00 | 475.00 | 371.00 |
| Changes in inventories | -22.00 | 16.00 | -87.00 | 4.00 | -59.00 | -5.00 | -43.00 | -27.00 | 58.00 | 85.00 | -198.00 | -32.00 | -161.00 | -329.00 | 64.00 | -169.00 |
| Employee benefit expense | 90.00 | 84.00 | 92.00 | 91.00 | 81.00 | 90.00 | 88.00 | 89.00 | 89.00 | 94.00 | 91.00 | 105.00 | 94.00 | 108.00 | 137.00 | 147.00 |
| Finance costs | 39.00 | 37.00 | 38.00 | 36.00 | 35.00 | 37.00 | 40.00 | 42.00 | 45.00 | 47.00 | 51.00 | 56.00 | 61.00 | 63.00 | 63.00 | 62.00 |
| Depreciation and amortisation | 21.00 | 20.00 | 21.00 | 21.00 | 21.00 | 19.00 | 20.00 | 24.00 | 25.00 | 26.00 | 30.00 | 32.00 | 36.00 | 44.00 | 45.00 | 51.00 |
| Other expenses | 81.00 | 58.00 | 86.00 | 70.00 | 67.00 | 69.00 | 97.00 | 75.00 | 70.00 | 66.00 | 96.00 | 102.00 | 114.00 | 121.00 | 204.00 | 182.00 |
| Total expenses | 1,068.00 | 955.00 | 1,338.00 | 906.00 | 1,035.00 | 971.00 | 1,190.00 | 1,050.00 | 1,006.00 | 932.00 | 918.00 | 930.00 | 950.00 | 1,089.00 | 1,618.00 | 1,615.00 |
| Profit before exceptional items and tax | 114.00 | 136.00 | 109.00 | 102.00 | 94.00 | 108.00 | 150.00 | 119.00 | 101.00 | 100.00 | -104.00 | -45.00 | 107.00 | 137.00 | 228.00 | 332.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 114.00 | 136.00 | 109.00 | 102.00 | 94.00 | 108.00 | 150.00 | 119.00 | 101.00 | 100.00 | -104.00 | -45.00 | 107.00 | 137.00 | 228.00 | 332.00 |
| Current tax | 29.00 | 38.00 | -7.00 | 14.00 | 13.00 | 12.00 | 29.00 | 21.00 | 20.00 | 19.00 | -26.00 | 1.00 | 5.00 | 31.00 | 67.00 | 91.00 |
| Deferred tax | 1.00 | -3.00 | 37.00 | 13.00 | 11.00 | 13.00 | 11.00 | -13.00 | 9.00 | 8.00 | 5.00 | -16.00 | 29.00 | 5.00 | -24.00 | -6.00 |
| Tax expense | 30.00 | 35.00 | 30.00 | 27.00 | 24.00 | 25.00 | 40.00 | 8.00 | 29.00 | 28.00 | -22.00 | -15.00 | 34.00 | 36.00 | 43.00 | 86.00 |
| Profit for the period | 84.00 | 102.00 | 79.00 | 76.00 | 70.00 | 82.00 | 109.00 | 111.00 | 73.00 | 73.00 | -83.00 | -29.00 | 72.00 | 102.00 | 184.00 | 246.00 |
| Profit attributable to owners | 82.00 | 96.00 | 72.00 | 68.00 | 69.00 | 82.00 | 110.00 | 111.00 | 74.00 | 74.00 | -81.00 | -32.00 | 68.00 | 98.00 | 178.00 | 229.00 |
| Profit attributable to non-controlling interests | 2.00 | 5.00 | 7.00 | 7.00 | 1.00 | 0.00 | -1.00 | -1.00 | -1.00 | -1.00 | -2.00 | 3.00 | 4.00 | 5.00 | 6.00 | 17.00 |
| Other comprehensive income | -1.00 | -0.00 | 2.00 | -1.00 | 1.00 | -0.00 | 130.00 | 195.00 | -126.00 | -50.00 | -55.00 | 39.00 | -8.00 | -21.00 | -39.00 | 72.00 |
| Total comprehensive income | 83.00 | 102.00 | 81.00 | 75.00 | 71.00 | 82.00 | 240.00 | 306.00 | -53.00 | 22.00 | -138.00 | 10.00 | 64.00 | 81.00 | 145.00 | 318.00 |
| Earnings per share, basic | 0.60 | 0.69 | 0.52 | 0.49 | 0.50 | 0.58 | 0.76 | 0.77 | 0.51 | 0.51 | -0.56 | -0.22 | 0.47 | 0.67 | 1.21 | 1.49 |
| Earnings per share, diluted | 0.60 | 0.69 | 0.52 | 0.49 | 0.50 | 0.58 | 0.76 | 0.77 | 0.51 | 0.51 | -0.56 | -0.22 | 0.47 | 0.67 | 1.21 | 1.49 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,839.00 | 4,423.00 | 4,727.00 | 4,743.00 | 4,465.00 | 4,065.00 | 4,949.00 |
| Other income | 22.00 | 36.00 | 43.00 | 47.00 | 101.00 | 58.00 | 65.00 |
| Total income | 3,861.00 | 4,459.00 | 4,770.00 | 4,790.00 | 4,566.00 | 4,122.00 | 5,015.00 |
| Cost of materials consumed | 2,147.00 | 1,617.00 | 2,336.00 | 2,017.00 | 1,932.00 | 1,909.00 | 1,903.00 |
| Purchases of stock-in-trade | 882.00 | 1,778.00 | 1,244.00 | 1,564.00 | 1,391.00 | 1,118.00 | 1,757.00 |
| Changes in inventories | -94.00 | 8.00 | -81.00 | -102.00 | -103.00 | -82.00 | -458.00 |
| Employee benefit expense | 224.00 | 253.00 | 311.00 | 348.00 | 351.00 | 364.00 | 445.00 |
| Finance costs | 115.00 | 176.00 | 166.00 | 152.00 | 147.00 | 185.00 | 242.00 |
| Depreciation and amortisation | 42.00 | 69.00 | 78.00 | 83.00 | 82.00 | 106.00 | 157.00 |
| Other expenses | 186.00 | 217.00 | 268.00 | 298.00 | 313.00 | 308.00 | 540.00 |
| Total expenses | 3,502.00 | 4,118.00 | 4,322.00 | 4,360.00 | 4,113.00 | 3,906.00 | 4,587.00 |
| Profit before exceptional items and tax | 359.00 | 341.00 | 448.00 | 431.00 | 453.00 | 216.00 | 428.00 |
| Exceptional items | 0.00 | -4.00 | -6.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 359.00 | 337.00 | 442.00 | 431.00 | 453.00 | 216.00 | 428.00 |
| Current tax | 54.00 | 86.00 | 114.00 | 79.00 | 68.00 | 34.00 | 104.00 |
| Deferred tax | 67.00 | 4.00 | 2.00 | 34.00 | 49.00 | 9.00 | -6.00 |
| Tax expense | 121.00 | 91.00 | 116.00 | 113.00 | 116.00 | 43.00 | 98.00 |
| Profit for the period | 237.00 | 246.00 | 326.00 | 318.00 | 338.00 | 173.00 | 329.00 |
| Profit attributable to owners | 228.00 | 239.00 | 313.00 | 301.00 | 330.00 | 177.00 | 312.00 |
| Profit attributable to non-controlling interests | 10.00 | 7.00 | 13.00 | 17.00 | 8.00 | -4.00 | 18.00 |
| Other comprehensive income | 1.00 | 5.00 | 2.00 | 2.00 | 130.00 | 130.00 | -29.00 |
| Total comprehensive income | 238.00 | 251.00 | 328.00 | 319.00 | 467.00 | 303.00 | 300.00 |
| Earnings per share, basic | 1.77 | 1.86 | 2.38 | 2.18 | 2.33 | 1.23 | 2.13 |
| Earnings per share, diluted | 1.76 | 1.87 | 2.38 | 2.18 | 2.33 | 1.23 | 2.13 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 5,294.00 | 5,473.00 | 5,920.00 | 6,487.00 | 7,522.00 | 7,546.00 | 7,959.00 | 8,868.00 |
| Non-current assets | 1,567.00 | 1,390.00 | 1,618.00 | 1,953.00 | 2,420.00 | 2,176.00 | 2,290.00 | 2,164.00 |
| Current assets | 3,727.00 | 4,082.00 | 4,301.00 | 4,534.00 | 5,102.00 | 5,371.00 | 5,670.00 | 6,703.00 |
| Property, plant and equipment | 474.00 | 487.00 | 509.00 | 496.00 | 481.00 | 630.00 | 825.00 | 913.00 |
| Capital work-in-progress | 89.00 | 70.00 | 66.00 | 154.00 | 243.00 | 200.00 | 112.00 | 85.00 |
| Goodwill | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 |
| Other intangible assets | 21.00 | 18.00 | 26.00 | 118.00 | 118.00 | 179.00 | 164.00 | 248.00 |
| Inventories | 712.00 | 758.00 | 812.00 | 774.00 | 781.00 | 899.00 | 1,151.00 | 1,416.00 |
| Trade receivables | 1,598.00 | 1,886.00 | 1,881.00 | 2,215.00 | 2,330.00 | 1,892.00 | 1,898.00 | 2,212.00 |
| Cash and cash equivalents | 137.00 | 64.00 | 227.00 | 23.00 | 168.00 | 71.00 | 29.00 | 38.00 |
| Total equity and liabilities | 5,294.00 | 5,473.00 | 5,920.00 | 6,487.00 | 7,522.00 | 7,546.00 | 7,959.00 | 8,868.00 |
| Equity | 2,932.00 | 3,144.00 | 3,604.00 | 4,000.00 | 4,234.00 | 4,119.00 | 4,179.00 | 4,949.00 |
| Equity share capital | 138.00 | 138.00 | 143.00 | 144.00 | 144.00 | 144.00 | 144.00 | 153.00 |
| Other equity | 2,770.00 | 2,970.00 | 3,417.00 | 3,812.00 | 4,047.00 | 3,975.00 | 3,987.00 | 4,738.00 |
| Total liabilities | 2,362.00 | 2,328.00 | 2,315.00 | 2,487.00 | 3,288.00 | 3,427.00 | 3,781.00 | 3,919.00 |
| Non-current liabilities | 179.00 | 186.00 | 252.00 | 303.00 | 449.00 | 539.00 | 617.00 | 552.00 |
| Current liabilities | 2,183.00 | 2,142.00 | 2,063.00 | 2,184.00 | 2,839.00 | 2,888.00 | 3,164.00 | 3,367.00 |
| Borrowings, non-current | 121.00 | 110.00 | 132.00 | 169.00 | 298.00 | 390.00 | 445.00 | 390.00 |
| Borrowings, current | 612.00 | 638.00 | 729.00 | 808.00 | 900.00 | 951.00 | 1,106.00 | 1,323.00 |
| Trade payables | 1,027.00 | 878.00 | 787.00 | 808.00 | 1,318.00 | 1,079.00 | 1,108.00 | 1,007.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1.00 | 236.00 | -53.00 | -45.00 | 131.00 | 396.00 | -44.00 | -378.00 |
| Net cash from investing activities | 190.00 | -45.00 | -146.00 | -449.00 | -129.00 | -518.00 | -79.00 | -324.00 |
| Net cash from financing activities | -71.00 | -145.00 | 362.00 | 454.00 | 143.00 | 170.00 | 82.00 | 669.00 |
| Purchase of property, plant and equipment | 99.00 | 194.00 | 76.00 | 184.00 | 106.00 | 230.00 | 134.00 | 230.00 |
| Net increase in cash | 119.00 | 47.00 | 227.00 | -40.00 | 145.00 | 47.00 | -41.00 | -33.00 |
| con:CFO.BEFORE_TAX | 50.00 | 335.00 | -2.00 | 76.00 | 140.00 | 398.00 | -27.00 | -335.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 49.00 | 99.00 | 51.00 | 121.00 | 9.00 | 2.00 | 17.00 | 44.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 7.00 | 10.00 | 0.00 | 0.00 | 0.00 | 4.00 | 1.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-08-31 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-24 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 37.84 | 37.84 | 37.84 | 37.68 | 37.63 | 36.24 | 35.89 | 34.37 | 31.58 | 0.30 | 0.28 | 0.28 | 0.28 | 0.28 |
| Domestic institutions | 6.06 | 6.25 | 6.15 | 7.31 | 9.08 | 10.36 | 10.96 | 13.26 | 14.03 | 0.14 | 0.15 | 0.09 | 0.09 | 0.11 |
| Mutual funds | — | — | — | — | — | — | — | — | 12.32 | 0.12 | 0.10 | 0.07 | 0.07 | 0.08 |
| Insurance companies | 0.34 | 0.34 | 0.34 | 0.23 | 0.24 | 0.06 | 0.05 | 0.02 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 9.05 | 8.35 | 8.18 | 7.65 | 7.02 | 6.68 | 6.70 | 6.97 | 7.76 | 0.07 | 0.10 | 0.07 | 0.07 | 0.16 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 62.08 | 62.09 | 62.09 | 62.25 | 62.31 | 63.71 | 64.06 | 65.59 | 68.38 | 0.70 | 0.72 | 0.72 | 0.72 | 0.72 |
| Non-institutional | 46.98 | 47.48 | 47.76 | 47.29 | 46.21 | 46.67 | 46.40 | 45.36 | 46.60 | 0.49 | 0.47 | 0.55 | 0.56 | 0.45 |
| Shares outstanding | 1428772812 | 1428772812 | 1428772812 | 1440972812 | 1442672812 | 1442672812 | 1442672812 | 1442672812 | 1442672812 | 1442672812 | 1530602463 | 1530602463 | 1530602463 | 1530602463 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| HTL Limited | Subsidiary | Advance, Any other transaction, Interest received, L | 3,445,200,000.00 | 7 |
| HFCL INC | Wholly-owned Subsidiary | Purchase of goods or services, Sale of goods or serv | 183,700,000.00 | 3 |
| HFCL Technologies Pvt Ltd | Wholly-owned Subsidiary | Interest received, Loan, Sale of goods or services | 102,100,000.00 | 4 |
| HFCL B.V. | Wholly-owned Subsidiary | Purchase of goods or services, Sale of goods or serv | 87,400,000.00 | 2 |
| Exicom Tele-Systems Limited | Enterprise over which KMP and rela | Any other transaction, Purchase of goods or services | 68,300,000.00 | 7 |
| Raddef Pvt. Ltd. | Subsidiary | Advance, Interest received, Loan, Purchase of goods | 50,900,000.00 | 4 |
| MN Ventures Private Limited | Enterprise over which KMP and rela | Any other transaction | 48,500,000.00 | 1 |
| HFCL Canada INC. | Wholly-owned Subsidiary | Sale of goods or services | 41,700,000.00 | 2 |
| Mr. Mahendra Nahata | Key Managerial Personnel and Promo | Advance, Remuneration | 31,700,000.00 | 2 |
| Mr. Vijay Raj Jain | Key Managerial Personnel | Advance, Remuneration | 19,700,000.00 | 2 |
| Mr. G. S. Naidu | Key Managerial Personnel | Any other transaction, Remuneration | 16,200,000.00 | 2 |
| Nimpa Telecommunications Pvt. Ltd. | Jointly Controlled Entity | Interest received, Loan, Purchase of goods or servic | 16,100,000.00 | 3 |
| Polixel Security Sytems Pvt.Ltd. | Wholly-owned Subsidiary | Advance, Purchase of goods or services | 5,000,000.00 | 2 |
| Exicom Energy System Pvt. Ltd. | Enterprise over which KMP and rela | Any other transaction, Purchase of goods or services | 4,900,000.00 | 3 |
| Mr. Manoj Baid | Key Managerial Personnel | Remuneration | 3,800,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-29 | Q1FY27 | EQUITIES, MANAGING DIRECTOR – | Read the call |
| 2026-05-08 | Q4FY26 | LIMITED, MANAGING DIRECTOR | Read the call |
| 2026-02-10 | Q3FY26 | MANAGING DIRECTOR | Read the call |
| 2025-10-28 | Q2FY26 | ANALYST:, MANAGING DIRECTOR | Read the call |
| 2025-08-01 | Q1FY26 | ANALYST:, MANAGING DIRECTOR | Read the call |
| 2025-05-30 | Q4FY25 | MANAGING DIRECTOR | Read the call |
| 2025-02-11 | Q3FY25 | ANALYST:, MANAGING DIRECTOR | Read the call |
| 2024-10-29 | Q2FY25 | ANALYST:, MANAGING DIRECTOR | Read the call |
| 2024-08-01 | Q1FY25 | ANALYST:, MANAGING DIRECTOR | Read the call |
| 2024-05-10 | Q4FY24 | MANAGING DIRECTOR | Read the call |
| 2024-02-09 | Q3FY24 | MANAGING DIRECTOR | Read the call |
| 2023-10-30 | Q2FY24 | DIRECTOR | Read the call |
| 2023-08-02 | Q1FY24 | MANAGING DIRECTOR | Read the call |
| 2023-05-15 | Q4FY23 | Read the call | |
| 2023-02-01 | Q3FY23 | PROMOTER | Read the call |
| 2022-10-28 | Q2FY23 | Read the call | |
| 2022-07-28 | Q1FY23 | DIRECTOR – HFCL LIMITED, HFCL LIMITED, LIMITED | Read the call |
| 2022-05-06 | Q4FY22 | AMIT, HEAD, PROMOTER &, RELATIONS | Read the call |
| 2022-01-31 | Q3FY22 | Read the call | |
| 2021-11-26 | Q2FY22 | Read the call | |
| 2021-07-22 | Q1FY22 | Read the call | |
| 2021-05-26 | Q4FY21 | LIMITED, PROMOTER | Read the call |
| 2021-01-27 | Q3FY21 | MANAGING DIRECTOR, HFCL LIMITED | Read the call |
| 2020-11-18 | Q2FY21 | Read the call | |
| 2020-09-23 | Q1FY21 | Read the call | |
| 2020-06-26 | Q4FY20 | Read the call | |
| 2020-02-26 | Q3FY20 | MANAGING DIRECTOR, HFCL, SECURITIES | Read the call |
| 2019-11-14 | Q2FY20 | Read the call | |
| 2019-08-06 | Q1FY20 | Read the call | |
| 2019-06-04 | Q4FY19 | Read the call |
What they said about it, quarter by quarter
| Topic | Q4FY19 | Q4FY20 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | What we propose, apart from this acquisition cost, is to invest another Rs.20 crores in the Raddef in the near future to enhance its R&D capabilities … | Sir, what I wanted to understand was that, last 5 years, Jio and Bharti Airtel both have gone through massive CAPEX front and both of them have actual… | And, of course, some capex would be required for that purpose and we have already budgeted for that and some of those projects are already under imple… | With an estimated capex of INR 425 Cr, this round of expansion would see our fiber and OFC capacities to go up by 120% and 40% respectively. | Only, issue I would like to raise is that we have been incurring capex also. | One of the most anticipated opportunities on the horizon is the government’s ambitious Bharat Net Phase III project under which BSNL has already float… | Our subsidiary HTL Ltd. has ventured into the wire harness business for Defence Sector which is a high-potential, low-capex segment with good profitab… | Just a small question. capex number for FY27 and FY28, that's it. |
| Capital allocation | The first one is related to this recent acquisition that we had, that is related to Raddef Private Limited. | But for the dividend part, what was the call by the Board this time for? | I would like to conclude with the fact that the Board of Directors has recommended a dividend of 15% that is, 15 paisa per equity share for a face val… | — | I do not have current numbers right now, but although the defence budget is of INR2,50,000 crores, they are spending about 40% on capital acquisition. | — | — | Look, the rationale for acquisition of defense business is very simple. |
| Costs | But it does not impact us, rather it impacts us on a positive sense on a temporary basis not on a long- term basis because we have some orders and we … | Cable price would have gone down what used to be there is a particular kind of cables Rs.54,000 that has come down to something like Rs.35,000, Rs.36,… | Then there is R&D happening in the cable business., you must also understand that the cable business is not so technology intensive as communication p… | However, the margins in Q1 may remain somewhat under pressure because of global increase in input costs. | We foresee that private 5G networks can offer numerous benefits to the manufacturing sector, including increased productivity, improved efficiency, an… | — | They know the cost of every raw material and they add it together and add your 5% and give you the order. | So we want some additional control that, yes, we have adequate availability of our raw material, preform. |
| Debt and cash | If you have more orders coming in which we do not know right now, if there are more orders coming in and more working capital required to be arranged … | The Company did not accept some of the orders intentionally which could have been worth Rs.500 crores to Rs.1000 crores in the EPC sector because we d… | So own product design has improved and will also improve further as we go in and designing more products and sales increase from that, our profitabili… | I have a couple of them so what is our net debt level Jain saheb and what is our cost of funds? | Working capital cycle for exports would be... | So majorly, it is working capital debt, which is required for various project execution and all that. | — | We are also witnessing gradual improvement in working capital cycles, supported by better execution discipline and a more favourable business mix. |
| Demand | Sir, my question is more on the OFC greenfield capacity that we are putting on hold because of the demand environment. | 5G would require number of new products and also the demand for existing products will go up for example fiber optic cable. | These products are being sold under the brand name “IO.” With increasing and accelerated digital shift future demand for our IO range of products shal… | Setting up of a dedicated manufacturing facility for defence products and further expansion of optic fiber and cable facilities, strengthening of our … | The telecom industry during FY23 has witnessed significant growth and expansion both in India and globally, with increasing adoption of broadband tech… | We believe demand of 5G Fixed Wireless Access (FWA) Customer Premises Equipment (CPE) is at an inflection point and has become an important use case f… | These trends are generating sustained demand for fiber, telecom gear, and next-gen connectivity solutions where HFCL is strongly poised to lead. | This performance is broad-based, supported by strong demand across optical fibre cable, telecom, defence, EPC and exports. |
| Guidance | I was saying that with the marginal costing, increased revenue resulting in saving of expenses, our own products contributing bit more to our revenues… | This year we expect to take it to at least 100% higher than what it has been in the last year. | 333 crores for Q3. We expect revenue from telecom products to continue this upward trend. | As against INR 201 Cr of export in the financial year ended on March 31, 2021 the export in FY2022 was INR 363 Cr. HFCL Limited April 29, 2022 We expe… | And similarly, we are working on various other metro contracts where we expect reasonably good order position. | We expect the revenue from this segment during FY 25 will reach to approximately Rs.2000 Crores from Rs.150 Crores of FY 24. | With the market momentum building rapidly, we expect a strong pipeline of orders. | Our average realisations have improved significantly, and we expect this to be progressively reflected in our margins over the coming quarters. |
| Margin | Though I am not free to speak on the customer specific margin, but margin would be in reasonable range, not less than what we have said. | Telecom revenues you will see would have increased significantly because we have put a lot of emphasis in development of new telecom products in house… | EBITDA for the quarter stood at Rs.187.77 crores. | Let me now brief you on key performance metrics of the quarter and the twelve months ended FY2022. HFCL Limited April 29, 2022 Revenue for Q4 FY22 sto… | Increase in revenue from these products which are own designed and manufactured will also lead to higher margin and profitability. | HFCL Limited May 03, 2024 • Revenue for Q4FY24 stood at INR 1326 Crores as compared to INR 1032 Crores in Q3FY24 and INR 1433 crores in Q4FY23 • EBITD… | While our financial performance was impacted by the downturn in the optical fiber cable demand, margin pressure from newly launched telecom products a… | Preform will act as a key margin expansion lever and a long-term competitive advantage for HFCL. |
| People | The idea is that, out of 18.5 million kilometers what was the utilization last year? | So the Telangana factory that we have begun working, the utilization would not be at desired levels at this point because you have just started in the… | But even at the lower prices, we estimated that we would be able to have a capacity utilization of 90%-plus with a revenue of roughly 2,000 crores in … | — | Sir, can you share your capacity utilization on a blended basis for the quarter and the full year? | — | But with all this capacity utilization improving, orders for new orders for supply of fixed wireless access equipment, implementation of BharatNet pro… | Starting with the capacity part, of our total IBR capacity post expansion, which I believe is 19 million FKM, how much turnover can be achieved from t… |
| Pricing | Earlier it was volatile on the increase side, so suppliers will not do a long-term pricing contract, though they will commit a volume subject to price… | Similarly, if the fiber price increases, we go back to them and increase our prices for the orders to be taken in future. | — | Does it make sense to compare our pricing with overseas players like Ericsson or Nokia? | — | — | So optical fiber and optical fiber cables pricing and... | We remain confident that this favourable pricing environment will sustain over the medium to long term. |
| Revenue growth | Because we were looking at this 5G rollout, because the data consumption increasing multifold so there was always a scenario of around 12% to 14% sort… | It is not the topline which always matters, it is the bottom line which matters. | Let me now summarize the “Performance Highlights of the Quarter and the Full Year.” Revenue for Q4 of the financial year '21 stood at Rs.1,391.40 cror… | The Indian telecom sector shall witness another year of revenue growth in FY2022-23 on the back of rising data consumption and tariff hikes. | All these endeavors have lead significant increase in our export revenue during FY23 to Rs.817 crores from Rs.363 crores in FY22 witnessing a growth o… | Hyper scaling of data centers, increased smartphone usage, strong customer demand for high-speed internet connectivity and 5G network expansion will f… | Let me now highlight our financial performance for FY25 & Q4 FY25 For the twelve months ended 31st March 2025, the Company reported consolidated reven… | I am pleased to share that we have successfully achieved the commitment of 20% revenue growth along with expansion in margins, underscoring the struct… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-07-28 | Q1FY23 | HFCL LIMITED | We expect to increase our revenue from our own design telecom products by 100% during the current financial year and this will keep on going upwards in the upcoming financial years. |
| 2022-07-28 | Q1FY23 | HFCL LIMITED | I think last year it was if I am not wrong it was about Rs.1700 Crores in the last financial year which we expect to increase to roughly about Rs.2300 Crores so last year from Rs.1780 Crores we will increase to Rs.2300 Crores in the current financial year; however, large portion of this increase will come from the export market also because we see significant increase in export in our fibre optic cable business again because of 5G which is happening not only in India but is happening worldwide so one is the fibre optic cable. |