HFCL Q3 FY26 results: revenue up 27% YoY at Rs 1,224 Cr; 9M PAT drops 72%

Revenue Growth 20pctPat Growth 25pctResults View source PDF Explain this filing

HFCL · price

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Price reactionminutes from the announcement price · days from the prior close

+3.4%Reaction day

₹66.52

prior close

₹68.89

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+2.9%+0.4% vs market

Telecom - Infrastructure peers, median of 5sector+1.7%+1.6% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Smallcap 250 and 1.6 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+3.3+3.7-0.4+9.2-5.9

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UpDownMarket · Nifty Smallcap 250Sector · Telecom - Infrastructure peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HFCL's Q3 FY26 standalone revenue rose 27% YoY to Rs 1,223.89 Cr from Rs 960.94 Cr. However, standalone PAT fell 28% YoY to Rs 56.19 Cr, and 9M FY26 PAT plunged 72% YoY to Rs 75.29 Cr on higher expenses. Consolidated Q3 PAT grew 41% YoY to Rs 102.37 Cr. The company raised Rs 550 Cr via QIP in the quarter. Telecom Products segment drove growth. A past service cost of Rs 18.91 Cr was booked on a consolidated basis due to new Labour Codes. Joint auditors issued a clean limited review report.

Likely market impact

Mixed results: strong Q3 topline growth but weak standalone margins. Rs 550 Cr QIP raise supports capex. Watch margin recovery.