Analysts/Institutional Investor Meet/Con. Call Updates

HFCL/SEC/26-27 July 29, 2026 BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Wing, Rotunda Building Exchange Plaza, 5th Floor, C – 1, Block G Phiroze Jeejeebhoy Towers, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 corp.relations@bseindia.com cmlist@nse.co.in Security Code No.: 500183 Security Code No.: HFCL 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 1st Quarter ended June 30, 2026, of the Financial Year 2026-27. Dear Sir(s)/ Madam, This is further to our earlier announcement dated July 22, 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 July 22, 2026, on the Un-audited Financial Results of the Company for the 1st Quarter ended June 30, 2026, of the Financial Year 2026-27, which were considered and approved by the Board of Directors of the Company, at its meeting held on July 22, 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. Yours faithfully, For HFCL Limited (Manoj Baid) President & Company Secretary Encl: Copy of Transcript. Regd. Office & Works: 8, Electronics Complex, Chambaghat, Solan-173213 (H.P.) Tel: (01792) 230644, 230645, 230647 Fax: (01792) 231902 Corporate Identity Number: L64200HP1987PLC007466 “HFCL Limited Q1 FY27 Conference Call” July 22, 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 28 HFCL Limited July 22, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the HFCL Q1 FY27 Conference Call hosted by Nuvama Institutional Equities. Before we begin, I would like to read a disclaimer statement. Statements made during this call may be forward-looking in nature based on the management's current beliefs and expectations. This must be viewed in relation to the risks of the HFCL business basis 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 decision. 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 for the opening remarks. 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 Q1 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. Thank you, and over to Mr. Nahata. Mahendra Nahata: Good evening everyone, I extend a warm welcome to all of you on HFCL's Earnings Conference Call for the First Quarter of Financial Year 2026-27. I trust you have had the opportunity to review our 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. Thank you for joining us today and for your continued interest in HFCL. With strategic initiatives undertaken by the Company, HFCL, today, is on strong growth path. I am pleased to inform that your Company has delivered remarkable performance during the first quarter of FY27 with highest ever Quarterly Revenue, Profitability and the Order book. We have emerged as a global player in Optical Fibre, Optical Fibre Cables and Optical Connectivity solutions, Defence & Aerospace, Telecom Products and Digital Infrastructure. Each of these businesses addresses large and rapidly expanding markets, and together they provide HFCL with multiple avenues for sustainable and profitable growth. We are also encouraged by the increasing confidence shown by our customers, business partners and the investment community. Over the last few quarters, several reputed domestic and global institutional investors have become shareholders of HFCL. We sincerely welcome their confidence in the Company. Page 2 of 28 HFCL Limited July 22, 2026 We began FY27 with clear priorities: to accelerate growth, improve profitability, strengthen our technology leadership and execute our long-term strategy with discipline. I am pleased to state that the first quarter has been an encouraging start in that direction. The quarter witnessed strong order inflows and execution across our core segments, continued improvement in profitability and sustained progress on several strategic initiatives that we believe will shape HFCL's growth over the coming years. In our previous earnings call, we had outlined our aspiration for delivering around 20% revenue growth during FY27 supported by continued improvement in the quality and mix of revenues. Based on the progress achieved in the first quarter, healthy order inflows, favourable industry dynamics, expanding global opportunities and improving execution capabilities, we, to the best of our estimates, can raise our aspirations for FY27 to a revenue growth of 40% and above. This confidence is not based on any single order or short-term opportunity. It is supported by multiple growth platforms that are gaining momentum simultaneously and providing greater visibility to our business. Another very important milestone during the quarter has been significant improvement in our profitability. During our previous earnings call, we had indicated our aspiration of achieving EBITDA margins of over 20% during FY27. I am pleased to share that the Company has achieved EBITDA margin of more than 23.25% in the very first quarter itself. More importantly, this reflects a structural enhancement in the quality of our business led by various initiatives taken by the Company over last few years. A higher contribution from technology-led products, increasing exports, improved product mix, operating leverage and our continued focus on innovation are collectively driving stronger profitability. Our objective is not merely to grow revenues but to build a business that consistently delivers sustainable and profitable growth. Our confidence is further strengthened by the quality of the orders secured during the quarter. We secured several strategically important orders across our core businesses, reinforcing HFCL's position as a trusted technology partner in Optical Connectivity and Digital Infrastructure. Consequently, our order book has strengthened to approximately ₹26,665 crore, which is not only all time high but is 5 times of FY26 revenue, providing healthy revenue visibility and supporting our confidence in the growth outlook for the Company. I am pleased to inform that the global Optical Connectivity industry has entered a new phase of growth. The emergence of Artificial Intelligence, hyperscale data centres, cloud computing and high-performance computing is creating an entirely new source of demand for advanced optica [Showing first 8,000 characters — download PDF for full document]