Analysts/Institutional Investor Meet/Con. Call Updates

HBFSCEL /LStEdC. /26-27 Nationa l Stock Exchan g e o f I n d iOac Ltotbde. r 26, 2026 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) SMeucmurbiatiy – C 4o0d0e0 N0o1. : 500183 SMeucmurbiatiy – C 4o0d0e0 N5o1. : HFCL corp.relations@bseindia.com cmlist@nse.co.in RE: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Subject: Transcript of Conference Call on the Un-audited Financial Results of the Company for the 2nd Quarter and Half Year ended September 30, 2026, of the Financial Year 2026-27. Dear Sir(s)/ Madam, This is further to our earlier announcement dated October 19, 2026. In terms of Regulation 30 read with Para A of Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit Transcript of the Conference Call held on October 19, 2026, on the Un-audited Financial Results of the Company for the 2 Quarter and Half Year ended September 30, 2026, which were considered and approved by the Board of Directors of the Company, at its meeting held on October 19, 2026. The aforesaid Transcript will also be available on the Company's website at https://www.hfcl.com/. You are requested to take the above information on records and disseminate the same on your respective websites. Thanking you. HFCL Limited Y ours faithfully, F or (Manoj Baid) EPrnecsli:d ent & Company Secretary Copy of Transcript. Regd. Office: Plot No. 38, Institutional Area, Sector 32, Gurugram-122001, Haryana, Tel: 91-124-4310000, Fax: +91-124-4310050 Corporate Identity Number: L64200HR1987PLC148689 “HFCL Limited Q2 FY27 Conference Call” October 19, 2026 MANAGEMENT: MR. MAHENDRA NAHATA – PROMOTER AND MANAGING DIRECTOR MR. V. R. JAIN – CHIEF FINANCIAL OFFICER MR. MANOJ BAID – COMPANY SECRETARY MR. AMIT AGARWAL – HEAD, INVESTOR RELATIONS MODERATOR: MR. ACHAL LOHADE – NUVAMA INSTITUTIONAL EQUITIES Page 1 of 24 HFCL Limited October 19, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the HFCL Limited Q2 FY27 Earnings Conference Call hosted by Nuvama Institutional Equities. Before we begin, I would also like to read the disclaimer statement. Statements made during this call may be forward-looking in nature based on management's current beliefs and expectations. They must be viewed in relation to the risks that HFCL's business faces that could cause its future results, performance or achievements to differ significantly from what is expressed or implied by such forward- looking statements. Investors are therefore requested to check the information independently before making any investment or other decisions. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Achal Lohade from Nuvama Institutional Equities. Thank you, and over to you, sir. Achal Lohade: Yes. Thank you. Good afternoon, everyone. On behalf of Nuvama Institutional Equities, we are glad to host the senior management of HFCL Limited. To discuss the Q2 FY27 earnings, we have with us Mr. Mahendra Nahata, Promoter and Managing Director; Mr. V.R. Jain, CFO; Mr. Manoj Baid, Company Secretary; and Mr. Amit Agarwal, Head, Investor Relations. We'll start the call with the opening remarks from the management and then move to Q&A session. Thank you, and over to you, sir. Mahendra Nahata: Thank you, Achal. This is Mahendra Nahata, Managing Director of the company. Good evening, ladies and gentlemen. I extend a warm welcome to all of you on HFCL's Earnings Conference Call for the Second Quarter and half year ended September 30, 2026 of Financial Year 2026-27. I trust you have had the opportunity to review the Financial Results, Press Release and Investor Presentation, which have been uploaded on the Company’s website as well as on the websites of the stock exchanges. It is my privilege to present the best ever quarterly performance in HFCL’s history that marks a defining moment in our growth journey. These results reflect the increasing scale, strength and momentum of our business and reinforce our confidence in HFCL’s ability to deliver sustained growth and create enduring value for our stakeholders. Let me begin with our outstanding performance for the second quarter and first half of FY27. Both profit before tax and profit after tax grew more than fivefold over the same period last year. Consolidated profit before tax in Q2 FY27 reached ₹538.60 crore as compared to ₹106.34 crore in Q2 FY26, rising 406.49% year-on-year and 62.46% quarter-on-quarter. Consolidated profit after tax in Q2 FY27 rose to ₹394.22 crore, as compared to ₹71.92 crore in Q2 FY26, an increase of 448.14% year-on-year and 60.49% quarter-on-quarter. On half yearly basis the PBT Page 2 of 24 HFCL Limited October 19, 2026 grew from ₹61.64 crore to ₹870.12 crore, up by 1311.62% while PAT grew from ₹42.62 crore to ₹639.86 crore, up by 1401.31%. Consolidated revenue surged to ₹2,541.79 crore, increasing by approximately 143.62% year- on-year and by 32.73% over the previous quarter. EBITDA increased to ₹658.00 crore, delivering growth of 223.55% year-on-year and 47.78% quarter-on-quarter. Equally significant, EBITDA margin expanded to 25.89%, improving by 640 basis points year-on-year and 264 basis points quarter-on-quarter, while PAT margin rose to 15.51%, gaining 862 basis points year-on-year and 268 basis points over the previous quarter. Together, these numbers demonstrate the strength of our operating model and ability to translate rapid growth into substantially higher profitability. The momentum we are witnessing today reflects the strategic initiatives taken and investments made by the Company. We invested ahead of the curve in capabilities, capacity enhancement, backward integration, development of world-class technology products and global market access with a clear focus on building a stronger and more scalable business. These initiatives are now translating into meaningful business growth, which is also reflected in our export performance, representing a growth of approximately 493% year-on-year. More significantly, the growing business visibility across these strategic initiatives gives us strong confidence in the journey ahead. I want to assure you that HFCL is on track to maintain its growth trajectory of revenue and profitability ahead. Our focus is on sustaining the pace of execution and translating the opportunity into continued strong performance. Our order book stands at ₹28,900 crore, providing multi-year revenue visibility. Beyond this secured business, we also have a strong pipeline of orders at advanced stages likely to be converted into firm contracts in due course. Friends, I want to emphasise that 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. Our customers include some of the World’s largest, financially strong technology companies, with demand anchored in long-term agreements and firm commitments. As the pipeline converts into orders, we expect our order book to strengthen further. These relationships, together with our capacity expansion and growing share of advanced optical connectivity products, give us strong visibility and confidence in sustaining—and building on—the current revenue and profitability trajectory. Demand continues to accelerate across AI infrastructure, hyperscale data centres and telecom networks. Encouragingly, opportunities with hyperscalers and t [Showing first 8,000 characters — download PDF for full document]