HFCL Q2 results: Profit surges to ₹394 crore as AI data centre demand rises
HFCL moved higher in a quarterly results development for FY29 with September 30 in focus.
· BS Companies
Domestic telecom gear maker HFCL has posted a multi-fold jump in consolidated profit to Rs 394.22 crore in the second quarter ended September 30, 2026, driven by demand for optical fibre cables from AI data centres, the company said in a regulatory filing. HFCL had posted net profit of around Rs 72 crore in the same period a year ago.
Key facts
- Period
- FY29
- Dates in focus
- September 30
The analysis
HFCL reported ₹394 crore, Rs 72 crore and Rs 10,000 crore for FY29, with movement of 80% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +5.0% on the day at ₹268.81, and has returned +26.1% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The telecom & media sector has moved +3.9% over the same period, so HFCL is running 22.2 points ahead of its peers.
For HFCL, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is HFCL.
- Sector exposure: Telecom & Media, Financial Services.
- The immediate tone of coverage reads positive.
In this story
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