Business · India Bureau
HFCL rallies to upper circuit on record quarterly profit surge
Telecom infrastructure firm Hindustan Fiber Cables Limited (HFCL) surged 5 per cent to the upper trading limit on Wednesday following its strongest quarterly performance. The company's consolidated profit after tax jumped 448 per cent year-on-year in the second quarter of FY2027.
LSN India ·
HFCL's consolidated profit after tax reached ₹394.22 crore in the quarter ended September 2026, marking its best-ever quarterly performance to date. The substantial earnings growth of 448.14 per cent compared to the corresponding period last year underscored improving operational efficiency and strong market demand for the company's products and services.
The exceptional profit growth triggered strong investor interest in the stock, with shares hitting the upper circuit limit of 5 per cent during intraday trading. Market participants attributed the rally to the company's demonstration of robust financial performance and improved profitability metrics.
The quarterly results reflect HFCL's strengthened position in India's telecommunications infrastructure sector, which has witnessed significant expansion driven by nationwide 5G rollout and fiber broadband initiatives. The company's operational performance suggests sustained momentum in demand for fiber optic cables and related infrastructure solutions.
Investors have closely tracked HFCL's progress as the firm benefits from India's digital connectivity push and government-backed telecom expansion programs. The Q2 results reinforce market confidence in the company's growth trajectory and profitability potential in the coming quarters.