HFCL shares slipped 2.69% to Rs 77.12 in Wednesday’s trading session after the company announced disappointing Q1 FY26 results. The stock opened lower and traded in the range of Rs 75.40 to Rs 79.78, reacting to weak earnings reported late Tuesday.
HFCL reported its #Q1Results with a net loss of Rs 32 crore, compared to a profit of Rs 111 crore in the same quarter last year. Revenue fell sharply by 25% year-on-year to Rs 871 crore from Rs 1,158 crore. The decline in performance was also reflected in operating metrics.
EBITDA dropped 83% YoY to Rs 29 crore from Rs 174 crore, with the margin contracting to 3.3% versus 15% in Q1 FY25, indicating significant cost pressure and demand slowdown in the telecom and optical fiber space.
The company’s market capitalization stood at Rs 11,147 crore as of 1:15 PM, with the stock trading near its lower end of the 52-week range of Rs 71.60 – Rs 171.00.
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