HFCL

HFCL/SEC/26-27 July 22, 2026 The BSE Ltd. The National Stock Exchange of India Ltd. st th 1 Floor, New Trading Wing, Rotunda Building Exchange Plaza, 5 Floor, C – 1, Block G Phiroze Jeejeebhoy Towers, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Security Code No.: 500183 Security Code No.: HFCL corp.relations@bseindia.com cmlist@nse.co.in RE: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subject: Earnings’ Presentation Dear Sir(s)/ Madam, This is in continuation to our earlier intimation of today. (“SEBI In terms of Regulation 30 read with Para A of Part A of Schedule III to the Securities and Exchange Listing Regulations”) Earnings’ Presentation inter-alia Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Un-audited Financial Results of the Company for the 1st Quarter ended June 30, 2026, of the , we hereby submit a copy of the , , on the Financial Year 2026-27, Standalone and Consolidated basis Earnings’ Call Wednesday, July 22, 2026 at 04:30 p.m both on , to be discussed during the scheduled to be held today i.e. . It may be noted that the Board of Directors of the Company has, considered and approved the aforesaid Financial Results of the Company, in its meeting held today i.e. July 22, 2026. We request to take the above information on your records and disseminate the same on your respective websites. Thanking you, For HFCL Limited Yours faithfully, (Manoj Baid) President & Company Secretary Encl: Earnings’ Presentation Regd. Office & Works: 8, Electronics Complex, Chambaghat, Solan-173213 (H.P.) Tel: (01792) 230644, 230645, 230647 Fax: (01792) 231902 Corporate Identity Number: L64200HP1987PLC007466 / / Ju ly 2026 Earnings Presentation H F C L LIMIT ED HFCL LIMITED | INVESTOR PRESENTATION 2026 02 03-04 05-08 09-14 01/ Message 02/ Financials 03/ HFCL – A From the MD Differentiated Play 15-17 18-20 04/ Strategic 05/ Appendix Inside this Focus Presentation Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 3 //C H A PTE R 0 4 Message From the MD 04 Message from The Managing Director Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 04 Message from The Managing Director The first quarter of FY27 marks an important milestone During the quarter, we continued to strengthen our in HFCL’s growth journey. Over the past several years, manufacturing capabilities, advanced our backward we have consistently invested in technology, innovation, integration into optical fibre preforms and accelerated advanced manufacturing and research & development the development of next-generation defence with a clear objective of building a globally competitive technologies. Our upcoming Ammunition Manufacturing technology enterprise. Today, those investments are Complex and expanding Defence & Aerospace portfolio beginning to translate into stronger business represent important milestones in our journey towards fundamentals, improving profitability and expanding building another long-term growth engine for the Mahendra Nahata opportunities across our core businesses. Company. PROMOTER AND We began the year with clear priorities to accelerate Looking ahead, our priorities remain unchanged. We will MANAGING DIRECTOR growth, strengthen technology leadership and improve continue to strengthen our technology leadership, the quality of our earnings. I am pleased to share that we expand our global presence, invest in innovation and have made an encouraging start on all these fronts. execute with financial discipline. With multiple growth KEY PERFORMANCE METRICS FOR Q1FY27 Healthy order inflows across businesses, improving platforms gaining momentum simultaneously and a profitability and continued execution of our long-term strong order pipeline providing healthy visibility, we strategic initiatives have strengthened our confidence in believe HFCL is entering one of the most exciting phases 1914.98 the Company's growth trajectory. Based on the in its history. momentum achieved during the quarter, we have REVENUE increased our FY27 revenue growth aspiration to the Our ambition extends beyond delivering growth. We are (₹ IN CRORE) best of our estimates to 40%, while also achieving our building a globally respected technology enterprise that EBITDA margin of over 23% in the very first quarter. consistently creates sustainable value for our 445.27 & 23.25% customers, employees and shareholders. The The global technology landscape is undergoing a opportunities before us have never been so stronger, structural transformation. Artificial Intelligence, and we remain confident in our ability to convert them EBITDA & EBITDA MARGIN (₹ IN CRORE & %) hyperscale data centres, cloud computing and digital into long-term value creation. infrastructure are creating unprecedented demand for 245.64 & 12.83% advanced optical connectivity, while increasing focus on national security and defence modernisation is opening significant long-term opportunities for indigenous PAT & PAT MARGIN technology companies. HFCL is uniquely positioned at (₹ IN CRORE & %) the intersection of these powerful growth trends through its diversified portfolio spanning Optical Connectivity, Telecom Products, Defence & Aerospace and Digital Infrastructure. Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD FINANCIALS About HFCL STRATEGIC FOCUS APPENDIX //C H A PTE R 0 5 Our Financials 06 Q1FY27 Financial Highlights 07 Income Statement – Q1FY27 08 Strong & Diversified Order Book Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD FINANCIALS About HFCL STRATEGIC FOCUS APPENDIX 6 Q1FY27 Financial Highlights All numbers in Rs. Crore Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 445 246 184 1,915 18.5% 1,824 23.3% 12.8% 10.1% 337 -3.4% 4.9% 871 -29 43 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD FINANCIALS About HFCL STRATEGIC FOCUS APPENDIX 7 Income Statement – Q1FY27 ALL NUMBERS IN RS. CRORE PARTICULARS Q1FY27 Q4FY26 Q-O-Q Q1FY26 Y-O-Y Revenue from Operations 1,914.98 1824.12 4.98% 871.02 119.85% Other Income 31.15 22.26 14.53 TOTAL INCOME 1,946.13 1,846.38 5.40% 885.55 119.77% Total Expenses 1,500.86 1509.45 842.62 EBITDA 445.27 336.93 32.16% 42.93 937.20% EBITDA MARGIN (%) 23.25% 18.47% 478 Bps 4.93% 1832 Bps Depreciation 51.25 45.48 32.20 Finance Cost 62.48 62.78 55.62 Share of net profits/(loss) of JV's accounted using equity -0.02 -0.74 0.19 method Exceptional Items - - - PBT 331.52 227.93 45.45% -44.70 PBT MARGIN (%) 17.31% 12.50% 481 Bps -5.13% Tax 85.88 43.48 -15.40 PROFIT AFTER TAX 245.64 184.45 33.17% -29.30 PAT MARGIN (%) 12.83% 10.11% 272 Bps -3.36% Other Comprehensive Income 72.16 -39.23 38.92 TOTAL COMPREHENSIVE INCOME 317.80 145.22 9.62 EPS (Diluted ₹) 1.49 1.21 -0.22 Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD FINANCIALS About HFCL STRATEGIC FOCUS APPENDIX 8 Strong & Diversified Order Book – Q1FY27 All numbers in Rs. Crore Category Wise Customer Wise Total Order Book (₹ IN CRORES) 26,665 4,227 21,206 10,502 5,099 16,164 17,339 11,125 Networks O&M Products Goverments Private Q3FY26 Q4FY26 Q1FY27 Diversified and growing Order book provides strong revenue visibility across telecom and defence Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 09 //C H A PTE R 0 1 HFCL - A Differentiated Technology-Led Play 10 A Differentiated, Fully Integrated Platform Serving Telecom And Defence 11 With Presence Across 60+ Countries Supporting 80+ Marquee Customers 12 Driving Product Innovation Through Deep In-house R&D 13 Complemented By State-of-the-art Manufacturing Infrastructure For Scalable Execution 14 High-End Customised Product Portfolio Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 010 A Differentiated, Fully Integrated Platform Serving Telecom and Defence #1 6 3 60+ 80+ ~26,665Cr OPTICAL FIBRE CABLE MANUFACTURING R&D COUNTRIES MARQUEE ROBUST SUPPLIER IN INDIA FACILITIES CENTRES PRESENCE CUSTOMERS ORDER BOOK PRESENCE IN HIGH GROWTH SEGMENTS OF, OFC, PCS Telecom & Defence System Integration/ Networking EPC Projects Product Categories OF/OFC PCS • Point to Point and Point to Multipoint UBR • Electronic FUZE Public Telecommunication • Optic Fiber • Cable Assemblies • Indoor & Outdoor Wi-Fi 5, 6 and 7 • High-capacity Radio Relay Established telecom integrator with proven • Armoured & • High Density Cabinets Access Points • Ground Surveillance Radar expertise in large-scale BharatNet, OTN, rural Unarmoured Cable • Fiber Termination Box • AI powered Cloud Network • Thermal Imaging Core (TI Core) GSM, FTTH, in-building solutions, mobile Management System backhaul, nationwide optical networks, and • Micro Cable • PLC Splitters • Thermal Weapon Sights (TWS) advanced Wi-Fi deployments. • Ethernet L2 /L3 Switches • Micro Module • Joint Closures • Multi Mode Hand Grenade Cable • 5G Indoor & Outdoor FWA CPE • Ribbon Cable • A A e cc ri e a s l s / o F r T ie T s H • IP/ MPLS Routers • • T A a e c r t o ic st a r l u C c a tu b r l e e s S f o o l r u t d io ef n e s n t c h e rough proposed Defence Communication • FTTH Cable • FTTA Solution aerospace business being acquired A fully dedicated nationwide MPLS network delivering end-to-end connectivity via hybrid • IBR Cable • Installation Material microwave broadband links for remote areas, • Data Centre Kitting for 4G/5G Sites supported by an exclusive DWDM optical Products backbone and GSM-based fiber monitoring & management system. Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 011 With Presence Across 60+ Countries Supporting 80+ Marquee Customers OVERSEAS OFFICES USA CANADA UK DUBAI POLAND TURKEY GERMANY Supplying to Supplying to majority of Global majority of Hyper- Tier 1 Telecom scalers Customer Largest supplier of Supplied for Optical Fibre Cable nation-wide to Oil & Gas OFC connectivity Companies in projects in India multiple countries Map not to Scale only for illustration purpose Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 012 Driving Product Innovation Through Deep In-house R&D HFCL’s strengthened R&D capabilities are enabling differentiated, future-ready products and reinforcing its transition into a technology-led enterprise. STRENGTHENED IN-HOUSE R&D TEAM Head Count 3 DEDICATED R&D CENTRES 55 69 52 49 225 IN BENGALURU, HYDERABAD AND GURUGRAM DRIVING 5G PRODUCTS WIRELESS AND TECHNOLOGY & OPTIC FIBER & INNOVATION SWITCHING DEFENCE OPTICAL FIBER CABLE TOTAL SOLUTIONS Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 13 Complemented By State-of-the-art Manufacturing Infrastructure For Scalable Execution 6 28 34 MN FKM/ANNUM MN FKM/ANNUM MANUFACTURING FACILITIES OPTICAL FIBER CAPACITY OPTICAL FIBER CABLE IN INDIA EXPANDING TO 33.9 MN CAPACITY EXPANDING TO FKM/ANNUM 42.3 MN FKM/ANNUM ₹580 Cr ₹275 Cr As Phase1 for creating facility for PREFORM PROJECT CAPEX 300 MT/ANNUM BY JULY 2029 MMHG in upcoming 1000 Acre Andhra Ammunition Complex Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 14 High-End Customised Product Portfolio OF/OFC/PCS/DCS TELECOM DEFENCE NEW PRODUCTS Outdoor/ Indoor IBR Cable 5G Indoor & Ethernet L2 Multi Mode Hand Grenade Optic Fiber Cable Assemblies Outdoor FWA CPE Switches HFCL Eka Fiber Thermal Drone Detection Foliage Weapon Sights Radar Penetration Radar HFCL A2- 180 Micro Cable FTTH Cable Ribbon Cable IP/ MPLS Routers Fiber Electronic High-capacity Fuzes Radio Relay UNDER DEVELOPMENT Home Mesh Indoor & Outdoor Aerospace and Coastal HD & UHD Fiber Fiber Pathway Routers Wi-Fi 5, 6 and 7 Defence Cable Surveillance patch panels Systems (FPS) Access Points Assemblies Radar Maritime Patrol Hollow Core Radar Optical Fiber Optical Fiber & Optical Fiber Cable Passive Connectivity & Defence - Emerging Growth Engine with Strong Visibility Data Center Solutions Emphasis on high-end, customized solutions • ~₹2,300 Cr total Defence order book ( ~INR 2000 crs enables stronger customer engagement and Emerging as a high-growth adjacency to through an entity proposed to be acquired) higher value realization amid a structural the OFC business, driven by exports and • HAL – Preferred Supplier status Loitering Fuel Tank & demand upcycle. hyper-scalers/ data centers • DRDO Technology Transfer (ToT) Munition Pylon Tank • Strong Own-IPR portfolio (Aerospace Products through Proposed • Shift from L1 supplier to strategic partner Acquisitions) Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 15 //C H A PTE R 0 2 HFCL - Strategic Focus 16 Well-Defined Growth Levers To Accelerate Revenues And Profitability 17 Making HFCL A Differentiated Play Across Telecom And Defence Products Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 16 Well-Defined Growth Levers To Accelerate Revenues And Profitability STRATEGIC PRIORITIES FOR SUSTAINED AND PROFITABLE GROWTH 01 02 02 Optimising Increased Focus Expanding Revenue Mix on Higher Margin Manufacturing Product Revenue Capacities Focus on higher value-added products EBITDA margin to expand from ~16.7% in Targeting 80-85% Revenue from Product on the back of continued R&D driven FY26 to 22-25% by FY29 and more than 60% Revenue from Export by innovation to aid margins and ease FY27 working capital OFC Increasing Optical Fiber Cable and Optical Fiber • Expanding global reach for greater customer capacity to ~43 mn fkm p.a. and ~34 mn fkm p.a. diversification with exports at 56% of revenues with a • Develop high end Optical Fiber Cable respectively and creating preform manufacturing target to reach 60%+ from FY27 onwards & Interconnect Solutions customised capacity to 300 MT p.a. as backward integration for hyperscalers • Revenue from private sector has increased to 92%, Backward integration into preform manufacturing – reflecting a strategic shift from Government to will strengthen supply chain and also help in margin Private customers expansion • Pivoting to a product-led revenue mix while Defence deliberately shifting from low-profit turnkey work • Develop and move towards higher • Diversified Product Portfolio – OFC, PCS, Defence, value-added offerings in defence and Telecom aerospace value chain Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL STRATEGIC FOCUS APPENDIX 17 Making HFCL A Differentiated Play Across OFC, Telecom And Defence Products New Product Demand Tailwinds Vertically Defence Strong Order Development, and Market Integrated Monetisation Book Export Focus for Leadership Company Entering Inflection Greater Scale and Phase Higher Margins Products segment now ~85% of #1 in OFC and strong market R&D, manufacturing and Defence platform expected to Strong, diversified order book revenues, improving revenue share in Wifi and UBR connectivity solutions under gain global scale with a of more than Rs. 26,000 crore stability and margin profile one roof confirmed export order book of provides multi-year revenue Rs.~2,000 crores through visibility across Telecom, Hyperscaler, AI and DC-driving proposed aerospace business Defence and Connectivity Exports at ~56% of revenues demand for HFCL’s high-fiber- Backward integration into preform being acquired solutions positioning HFCL as a global count cables manufacturing for strengthening player supply chain resilience Domestic Defence segment Actively catering to Domestic expected to meaningfully Private customers contribute ~ telcos and Bharatnet for rapid Vertically integrated EPC & system enhance operating performance 92% of revenues lowering roll out integration provider with as serial production commences working-capital intensity single-point accountability from on the back of receipt of design to deployment and lifecycle multiple Indian defence Defence segment is ready to operations contracts serve worldwide with ongoing rebuilding of global defence inventories Integrated O&M ensuring uptime through proactive monitoring and preventive maintenance. Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL Strategic Focus Appendix 18 //C H A PTE R 0 7 Appendix 19 Shareholders Information 20 Abbreviations / Description Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL Strategic Focus Appendix 19 Shareholders Information SHAREHOLDING AS ON JUNE 30, 2026 SHARE INFORMATION (AS ON JUNE 30, 2026) (IN %) NSE TICKER HFCL BSE TICKER 500183 28.29% MARKET CAP (₹ CRORES) 32,563.57 % FREE-FLOAT 71.69% 45.05% FREE-FLOAT MARKET CAP (₹ CRORES) 23,343.34 SHARES OUTSTANDING 1,53,06,02,463 10.92% 3M ADTV (SHARES) 59296662 15.74% 3M ADTV (₹ CRORES) 847.52 INDUSTRY Telecommunications – Equipment & Solutions Promoter DII/MF FII's & FPI's Others Message HFCL LIMITED | INVESTOR PRESENTATION 2026 From The MD Financials About HFCL Strategic Focus Appendix 20 Abbreviations / Description ABBREVIATION DESCRIPTION ARP Aramid Reinforced Plastic CAGR Compounded Annual Growth Rate CPE Consumer Premises Equipment DC Data Centers MFKM Million Fiber kilometres FRP Fiber Reinforced Plastic FTTH Fiber To The Home FWA Fixed Wireless Access IGFR Impregnated Glass Fiber Reinforcement HASPL HFCL Advance Systems Private Limited IBR Intermittent Bonded Ribbon Cable MMHG Multi-Mode Hand Grenades MPLS Multi-Protocol Label Switching O&M Operating & Maintenance OFC Optical Fiber Cable PtMP Point to Multipoint PtP Point to Point TWS Thermal Weapon Sight UBR Unlicensed Band Radio Thank You CORPORATE OFFICE 8, Commercial Complex, Masjid Moth, Greater Kailash Part 2, New Delhi, Delhi - 110048 AMIT AGARWAL HEAD – INVESTOR RELATIONS HFCL Limited Tel: +91-11-3520 9400 Email: ir@hfcl.com H F C L LIMIT ED