Synopsis: An export order worth approximately USD 51.98 million (equivalent to Rs. 495.80 crore) has been secured for the supply of optical fiber cable-based data center connectivity solutions from a renowned international customer, to be executed by December 2026, through the company’s overseas wholly owned material subsidiary.
Global data center buildout is creating powerful new demand for high-performance optical fiber connectivity, and one of India’s leading telecom infrastructure and OFC manufacturers has just landed a significant international contract, reinforcing its export-led growth strategy at a time when AI-driven hyperscaler investments are reshaping the global fiber cable market.
With a market capitalization of Rs. 33,160 crore, the shares of HFCL Limited were trading at Rs. 222 per share, up by 4 percent after the announcement, and it is trading at a P/E of approximately 106x.
Order Update
An export order worth ~ USD 51.98 million (equivalent to Rs. 495.80 crore) has been secured for the supply of optical fiber cable-based data center connectivity solutions through the company’s overseas wholly owned material subsidiary.
The order covers the supply of OFC-based connectivity solutions as per the international customer’s specifications and is to be executed by December 2026, a relatively compressed timeline that underscores the urgency of global data centre capacity additions. The contract is international in nature and does not involve any related party transactions.
The win is a meaningful addition to HFCL’s growing export pipeline, which has been a key strategic focus for the company. Export share has already risen from 4.54% in FY21 to 41.36% in FY26, with the company targeting 50%+ export revenue contribution from FY27 onwards.
The company currently holds export orders of Rs. 12,248 crore in hand as of the end of FY26, with a defense export order book of Rs.1,930 crore through a proposed aerospace acquisition, adding further international depth.
Financial Snapshot & Business Overview
HFCL Limited is a New Delhi-headquartered telecom infrastructure company operating across optical fiber cables, telecom networks, defence communication systems, and system integration.
The company’s total order book has expanded 3x from Rs.7,010 crore in FY23 to Rs.21,206 crore in FY26, with products accounting for Rs.14,586 crore, O&M at Rs.3,508 crore, and Networks at Rs. 3,112 crore. Private customers represent Rs. 13,363 crore of the order book, with Government customers at Rs. 7,843 crore, and the private client segment contributing a massive 84% to overall revenue in FY26
On a consolidated basis for FY26, the company reported revenue from operations of Rs.4,949 crore, up from Rs.4,065 crore in FY25, while operating profit jumped to Rs.762 crore from Rs.449 crore, with OPM expanding to 15% from 11%. Net profit for FY26 came in at Rs.329 crore, sharply higher than Rs.173 crore in FY25.
The Q4 FY26 quarter was the standout period, with revenue of Rs.1,824 crore, operating profit of Rs.314 crore at 17% margin, and net profit of Rs.184 crore the strongest quarter of the year by a significant margin.
With an order book exceeding Rs.21,000 crore and export momentum accelerating on the back of AI data center tailwinds, the latest international OFC win adds further weight to what is shaping up as a structural re-rating story for investors to watch.
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