HFCL Limited

rs,

October 17, 2025 st th Floor, New Trading Wing, Rotunda Building 1 Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400001 Security Code No.: 500183 corp.relations@bseindia.com Floor

19.49%

s for Q2FY26 Mahendra Nahata PROMOTER AND MANAGING DIRECTOR 1043.34 REVENUE (₹ in Cr) 203.37 19.49% EBITDA (₹ in Cr) EBITDA MARGIN 71.92 PAT (₹ in Cr) 6.89% PAT MARGIN 04 HFCL LIMITED | INV

6.89%

1043.34 REVENUE (₹ in Cr) 203.37 19.49% EBITDA (₹ in Cr) EBITDA MARGIN 71.92 PAT (₹ in Cr) 6.89% PAT MARGIN 04 HFCL LIMITED | INVESTOR PRESENTATION 2025 Business Operations – Public Communic

10.19%

ESENTATION 2025 1,043.34 13.04 1,056.38 853.01 203.37 19.49% 35.93 60.90 -0.20 - 106.34 10.19% 34.42 71.92 6.89% -7.79 64.13 0.47 871.02 14.53 885.55 842.62 42.93 4.93% 32.20 55.62

4.93%

- 106.34 10.19% 34.42 71.92 6.89% -7.79 64.13 0.47 871.02 14.53 885.55 842.62 42.93 4.93% 32.20 55.62 0.19 - -44.70 -5.13% -15.40 -29.30 -3.36% 38.92 9.62 -0.22 Change Q-o-Q 1

5.13%

% -7.79 64.13 0.47 871.02 14.53 885.55 842.62 42.93 4.93% 32.20 55.62 0.19 - -44.70 -5.13% -15.40 -29.30 -3.36% 38.92 9.62 -0.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change

3.36%

71.02 14.53 885.55 842.62 42.93 4.93% 32.20 55.62 0.19 - -44.70 -5.13% -15.40 -29.30 -3.36% 38.92 9.62 -0.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change Y-o-Y -4.60% 19.29% 1

19.78%

% 32.20 55.62 0.19 - -44.70 -5.13% -15.40 -29.30 -3.36% 38.92 9.62 -0.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change Y-o-Y -4.60% 19.29% 1,107.19 -4.59% 373.72% 1456 Bps 337.90

4.60%

-29.30 -3.36% 38.92 9.62 -0.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change Y-o-Y -4.60% 19.29% 1,107.19 -4.59% 373.72% 1456 Bps 337.90% 1532 Bps 345.46% 1025 Bps 566.63% 313.64

19.29%

0 -3.36% 38.92 9.62 -0.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change Y-o-Y -4.60% 19.29% 1,107.19 -4.59% 373.72% 1456 Bps 337.90% 1532 Bps 345.46% 1025 Bps 566.63% 313.64% 935.3

4.59%

.62 -0.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change Y-o-Y -4.60% 19.29% 1,107.19 -4.59% 373.72% 1456 Bps 337.90% 1532 Bps 345.46% 1025 Bps 566.63% 313.64% 935.37 171.82 15.71%

373.72%

.22 Change Q-o-Q 19.78% Q2FY25 1,093.61 13.58 Change Y-o-Y -4.60% 19.29% 1,107.19 -4.59% 373.72% 1456 Bps 337.90% 1532 Bps 345.46% 1025 Bps 566.63% 313.64% 935.37 171.82 15.71% 25.48 4

“Shift from Project-led revenue to Product-led revenue - Strategically phased out low-margin turnkey projects, focusing more on scalable, high-value product offerings that are expected to drive margin expansion and ensure secular growth.”

“• Aiming to increase engagement with private entities.”

“~$1.1 trillion expected capex in DC networking by FY29* Customised high end products are expected to deliver higher margins Share of Private Customers to Total Revenue stood at 61% in FY25 vis-a-vis 27% in FY21.”

We operate across three high-growth segments

1

In India

1

We operate across three high-growth segments

Telecom Defense System Integration Optic Fiber / Optic Fiber Cables, Telecom and Networking Products (Access and Transmission) and Passive Connectivity Solutions Ground and Coastal Surveillance Radars, Electro Optics, Electronic Fuzes, HCRR, Tactical Cables and wire harnesses. Executing and maintaining large scale telecom and defence communication projects 11 HFCL LIMITED | INVESTOR PRESENTATION 2025 #1 OPTICAL FIBER CABLE SUPPLIER IN INDIA 03 Research & Development CENTRES 07 MANUFACTURING FACILITIES 60+ COUNTRIES OF PRESENCE Product Portfolio Telecom Defence Networking Products Optic Fiber/ Optical Fibers Cables Electronics Products 1 4 2 3 5 6 1 5 2 3 4 6 7 1. Point to Point Unlicensed Band Backhaul Radio (UBR) 2. Indoor & Outdoor Wi-Fi 5, 6 and 7 Access Points 3. Unified Cloud based Network Management System 4. Ethernet L2 Switches 5. 5G Indoor & Outdoor FWA CPE 6. IP/ MPLS Routers 1. Optic Fiber 2. Armoured and Unarmoured Cable 3. Micro Cable 4. Micro Module Cable 5. Ribbon Cable

In India

In South East Asia and Asia Pacific: In UK & Europe: In Middle East & Africa: 20 HFCL LIMITED | INVESTOR PRESENTATION 2025 Map not to Scale only for illustration purpose Strong Technology Partners Licensing for Open source Wi-Fi 7 products; 5G millimeter wave FWA; product development; 5G Outdoor Small Cell etc. Design partner for Macro Radio, Wi-Fi Access points, UBRs, Cloud management systems, Element management systems etc. Partnership for 5G Transport Products Partnership for 5G Small Cells Partnership for 5G Small Cells Partnership for 5G Small Cells Partnership for 5G indoor small cells Partnership for Artificial Intelligence (Al) based Analytics Partnership for 5G Transport products Partnership for Software Defined Radios Partnership for Routers 21 HFCL LIMITED | INVESTOR PRESENTATION 2025 What Sets HFCL Apart? 01 02 03 04 05 "Make in India": While Atmanirbhar Bharat opens up opportunities to contribute significantly to India’s self reliance, HFCL is greatly contributing for loca