New Delhi, India – HFCL Ltd. (Himachal Futuristic Communications Limited) announced today that it has secured a substantial export order valued at Rs 834.36 crore (approximately $88.94 million) for the supply of optical fiber cables. The contract was awarded through its overseas wholly-owned subsidiary by a prominent international customer.
The company confirmed the order in a stock exchange filing, stating that the execution of this contract is slated for completion by June 2027. This latest win underscores the confidence customers place in HFCL's manufacturing capabilities, technological excellence, and product quality.
Boosting Order Book and Future Growth
This new order further strengthens HFCL's already impressive order book, which stood at Rs 28,900 crore at the end of the September quarter, providing multi-year revenue visibility. Management previously highlighted a strong pipeline of orders in advanced stages, anticipating their conversion into firm contracts.
Mahendra Nahata, Promoter and MD of HFCL, recently expressed strong confidence in the company's growth trajectory. “We do not see this quarter as a peak, but as the sustained phase of strong growth. Our confidence rests on a robust order book, a strong pipeline and long term customer programmes,” Nahata stated, emphasizing long-term agreements with financially strong technology companies.
Revised Revenue Projections
HFCL has significantly revised its revenue growth aspirations. Initially guiding for approximately 20 percent growth over FY26 for FY27, this was later revised to 40 percent after the first quarter. The company now expects revenue growth of at least 80 percent for the current financial year. The ambitious target of achieving Rs 10,000 crore revenue by FY29 is now anticipated to be met much sooner, given the current momentum.
Analysts at Arihant Capital Markets project HFCL's revenue, EBITDA, and PAT CAGRs of 51.2 percent, 82.3 percent, and 113 percent, respectively, over FY26-29E. Return on Equity (RoE) is also forecast to rise significantly from 7.3 percent to 32 percent.
Market Performance and Demand Drivers
HFCL shares have seen considerable movement, rising 208 percent in 2026 year-to-date, though they have experienced a 20 percent decline over the past month. The company attributes accelerating demand to the expansion of AI infrastructure, hyperscale data centers, and telecom networks globally.
Opportunities with hyperscalers and telecom operators in international markets are steadily converting into firm contracts, reinforcing the order pipeline and ensuring long-term revenue visibility. HFCL emphasized that its sustained investments in technology, customer relationships, and manufacturing capacity position it strongly to capitalize on this long-term growth opportunity in the optical fiber cable sector.