HFCL Reports Record Q1FY27 Profit and Expands AI Capacity
HFCL reported a record net profit of Rs 246 crore for Q1FY27 and announced investments in AI connectivity and defense manufacturing.
HFCL Ltd. reported a record net profit of approximately Rs 246 crore for the first quarter of financial year 2027, reversing a net loss of Rs 29.30 crore from the same period in the previous year. Revenue for the quarter surged 120% to Rs 1,915 crore, a growth driven by increasing exports and demand from hyperscale AI data centers.
Following these results, the company raised its revenue growth guidance for FY27 to 40%. Its order book reached an all-time high of Rs 26,665 crore. In response to market demand, the board approved a Rs 215 crore investment to build a manufacturing facility specifically for advanced AI data center connectivity solutions.
Beyond AI infrastructure, the company is expanding its optical fiber and cable capacities. It has also begun work on an ammunition manufacturing complex in Andhra Pradesh to produce electronic fuzes and multi-mode hand grenades, aimed at strengthening its position in the aerospace and defense sectors.
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