HFCL has released its consolidated financial results for quarter ended (QE) December 31, 2025. As per the company, its revenue increased to Rs 12.10 billion in third quarter (Q3) of financial year 2025-26 (FY26), 19.65 per cent change year-on-year (YoY) from Rs 10.11 billion in Q3 FY25. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 2.43 billion from Rs 1.71 billion in the reported period, a 41.67 per cent YoY growth.
Meanwhile, the company profit after tax (PAT) increased to Rs 1.02 billion from Rs 0.72 billion in the reported period.
Further, on a standalone basis, the company reported quarterly revenue of Rs 12.23 billion, EBIDTA of Rs 1.70 billion, profit before tax (PBT) of Rs 789.4 million and PAT of Rs 561.9 million.
As on December 31, 2025, HFCL’s order book stood at Rs 111.25 billion, up from Rs 99.81 billion in Q2 FY26 and Rs 104.10 billion in Q3 FY25, reflecting healthy order inflows and improved long-term revenue visibility across products, exports, EPC and defence segments.
Revenue mix continued to strengthen during the quarter:
- Product revenues increased to 60 per cent of total revenues (as compared to 51 per cent in Q2 FY26)
- Project revenues stood at 40 per cent
- Exports contributed 27 per cent of revenues, up sharply from 14 per cent in Q3 FY25.
Commenting on the results, managing director, HFCL, said, “Q3 FY26 was a quarter of focused execution for HFCL. We expanded our export footprint, continued capacity build-up and advanced our defence portfolio, while consciously improving the quality and sustainability of our revenue mix. With a strong order book, improving industry dynamics, defence scale-up and growing global acceptance of our products, we remain confident of delivering sustainable growth, improving profitability and long-term value creation.”
