HFCL Limited has informed the Exchange about Shifting of Registered office of the Company
HFCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HFCL Limited reported weak Q1 FY26 results with standalone revenue from operations falling to ₹789.28 crore from ₹1,065.52 crore in the same quarter last year, a drop of about 26%. The company swung to a standalone loss after tax of ₹42.34 crore versus a profit of ₹113.98 crore in Q1 FY25, with a loss per share of ₹0.29. Consolidated revenue declined to ₹871.02 crore and the company posted a consolidated loss after tax of ₹29.30 crore. The Telecom Products segment earned ₹485.57 crore while Turnkey Contracts and Services earned ₹303.71 crore, with the Turnkey segment dragging into a loss of ₹53.29 crore at the segment level. The Board also approved shifting the registered office from Solan, Himachal Pradesh to Gurugram, Haryana, and a plan to raise up to ₹700 crore through equity or equity-linked instruments to fund growth in defence and telecom, including possible acquisitions and debt reduction.
Negative short-term sentiment is likely as the company moved from profit to loss with sharp revenue decline, but the ₹700 crore fund raise and registered office shift to Gurugram could support future growth in defence and telecom. Shareholders should watch for dilution depending on the final mode of fund raising, and the next steps on shareholder approval for the office shift and capital raise.