Slide 1: Exchange filing cover letter: Earnings Presentation
HFCL/SEC/25-26 February 03, 2026 The BSE Ltd. The 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.relati
Slide 2: Earnings Presentation
HFCL LIMITED Feb 2026 Earnings Presentation
Slide 3: Inside this Presentation
Message from Appendix 01 the MD 04 Financials 02 The HFCL 03 Story Inside this Presentation
Slide 4: Message from the MD
01 Message from the MD 03 HFCL LIMITED | INVESTOR PRESENTATION 2026
Slide 5: Message from the Managing Director
Message from the Managing Director Public Communications : The global optical fibre cable industry is witnessing a demand recovery driven by data centre expansion, AI-led network investments, Business Updates : and hyperscaler connectivity requirements. During the quarter, HFCL secured export orders
Slide 6: Financials
06 Q3FY26 – Consolidated P&L Statement 07 9MFY26 – Consolidated P&L Statement 09 Order Book 02 Financials 5 HFCL LIMITED | INVESTOR PRESENTATION 2026
Slide 7: Q3FY26 - Consolidated Profit & Loss Statement
Q3FY26 - Consolidated Profit & Loss Statement Change Change Particulars ( ₹ I N C R O R E S ) Q3FY26 Q2FY26 Q3FY25 Q-o-Q Y-o-Y Revenue from Operations 1,210.79 1,043.34 16.05% 1,011.95 19.65% Other Income 15.42 13.04 20.04 Total Income 1,226.21 1,056.38 16.08% 1,031.99 18.82% Total Expenses 982.69 8
Slide 8: 9MFY26 - Consolidated Profit & Loss Statement
9MFY26 - Consolidated Profit & Loss Statement Change Particulars ( ₹ I N C R O R E S ) 9MFY26 9MFY25 YoY Revenue from Operations 3,125.15 3,263.80 -4.25% Other Income 42.99 44.12 Total Income 3,168.14 3,307.92 -4.23% Total Expenses 2,678.32 2,778.84 EBITDA 489.82 529.08 -7.42% EBITDA Margin 15.67% 1
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITIES & LIABILITIES ( ₹ I N C R O R E S ) H1FY26 FY25 FY24 FY23 Total - Shareholder Funds 4,178.71 4,119.32 3,999.83 3,144.14 NON CURRENT LIABILITIES (A) Financial Liabilities (i) Borrowings 445.25 389.90 169.21 110.37 (ii) Other Liabilities 17.42 9.73 9.07 6.20 (B) Oth
Slide 10: Order book
Order book Order Book Category Wise Order Book Customer Wise Order Book (₹ IN CRORES) (₹ IN CRORES) (₹ IN CRORES) 11,125 9,981 Network Services 3,035 Government 7,743 O&M 3,522 Private 3,382 PRODUCTS 4,568 Q2FY26 Q3FY26 9 HFCL LIMITED | INVESTOR PRESENTATION 2026
Slide 11: The HFCL Story
11 About HFCL 12 Product Portfolio 15 Network Solutions and Projects 16 Strong Manufacturing Presence 17 Expanding Manufacturing capabilities 18 Revenue Mix Optimization 19 Research & Development 21 Customers and Partners 22 What sets HFCL Apart? 03 23 Growth Strategy 24 Shareholders’ Information Th
Slide 12: HFCL is a leading player in the telecom, defense, and enterprise connectivity ecosystems
HFCL is a leading player in the telecom, defense, and enterprise connectivity ecosystems. #1 Market Leadership HFCL is at the forefront of India’s telecom and digital infrastructure growth, enabling 5G rollouts and fiber connectivity. OPTICAL FIBER CABLE SUPPLIER IN INDIA Diversified Presence We ope
Slide 13: Product Portfolio
Product Portfolio Telecom Defence Networking Products Optic Fiber/ Optical Fibers Cables Electronics Products 1 2 3 1 2 3 1 2 3 4 4 5 6 4 5 6 5 6 7 1. Point to Point and Point to Multipoint UBR 1. Optic Fiber 1. Electronic FUZE 2. Indoor & Outdoor Wi-Fi 5, 6 and 7 Access Points 2. Armoured and Unarm
Slide 14: Product Portfolio
Product Portfolio Passive Connectivity Solutions Wire Harness Portfolio 1 2 3 1 4 5 6 2 1. Cable Assemblies 1. Aerospace and Defense Cable Assemblies 2. High Density Cabinets 2. Automotive Cable Assemblies 3. Fiber Termination Box 4. PLC Splitters 5. Joint Closures 6. Aerial/ FTTH Accessories 7. FTT
Slide 15: Product Innovation - Products under development
Product Innovation - Products under development Fuelled by a sharp focus on innovation, we have created a comprehensive suite of next-gen connectivity and 5G backhauling products: Products Under Products Under Development Development Wi Fi 7 Wi Fi 6 Indoor IP/ MPLS Outdoor Solution Routers Access Po
Slide 16: Network Solutions & Projects
Network Solutions & Projects Public Telecommunication Defence Communication Established player in large- Dedicated Multi-Protocol scale telecom projects Label Switching (MPLS) including Optical Transport Network. Network, Rural GSM Network, Fiber to the End-to-end solution for Home, In-buildin
Slide 17: Strong Manufacturing Presence
Strong Manufacturing Presence 1 2 3 4 HYDERABAD, TELANGANA 2 facilities CHENNAI, TAMIL NADU VERNA, GOA • 15.17 mn fkm/annum Optic Fiber Cables (Through subsidiary company HTL Ltd) • 8.76 mn fkm/annum • 486k cable km/annum FTTH Cables • 8.78 mn fkm/annum Optic Fiber Cables Optic Fiber Cables • 28 mn
Slide 18: Expanding Manufacturing Capacities
Expanding Manufacturing Capacities A strategic leap in defence Further strengthening of backward integration manufacturing Reduce dependence on external suppliers for manufacturing of Optic Fiber Cables. 1,000 acres land sanctioned by Higher Quality Assurance of finished goods. the Andhra Prades
Slide 19: Optimization of Revenue and Customer base
Optimization of Revenue and Customer base We are enhancing our customer mix Following two years of muted Shift from Project-led revenue by prioritizing higher-margin private exports amid global demand to Product-led revenue - clients—streamlining our strategy, headwinds, we are now strategically Str
Slide 20: Research & Development: Powering towards a technology led Company
Research & Development : Powering towards a technology led Company 3 dedicated R&D Strengthened in-house R&D team centres in Bengaluru, Hyderabad and Gurugram Segments No. of people driving innovation. 5G Business Wireless & Switching Solutions 83 77 Optical Fibre /Optical Fibre Cables 45 Communicat
Slide 21: We supply globally in more than 60 countries, to over 80 marquee customers
We supply globally in more than 60 countries, to over 80 marquee customers Some market leaders who we work with In India: In South East Asia and Asia Pacific: In UK & Europe: In Middle East & Africa: Map not to Scale only for illustration purpose 20 HFCL LIMITED | INVESTOR PRESENTATION 2026
Slide 22: Strong Technology Partners
Strong Technology Partners Licensing for Open source Wi-Fi 7 Partnership for 5G Transport Products Partnership for 5G Small Cells Partnership for 5G Small Cells products; 5G millimeter wave FWA; product development; 5G Outdoor Small Cell etc. Design partner for Macro Radio, Partnership for 5G Small
Slide 23: What Sets HFCL Apart?
What Sets HFCL Apart? 01 "Make in India": While Atmanirbhar Bharat opens up opportunities to contribute significantly to India’s self reliance, HFCL is greatly contributing for locally designed and manufactured telecom and Defense equipment “Global Presence": Collaborations with international partne
Slide 24: Growth Strategy
Growth Strategy Entry into Data Centers Increased Focus on Opportunities within Continued R&D Driven Networking (DC) Industry High Margin Product Private & Export Innovation and 5G & Fiber Expansion Revenue Customers • Supplying OFCs, networking • Focus on high end products • Aiming to increase • HF
Slide 25: Shareholders' Information
Shareholders’ Information Shareholding as on December 31, 2025 (IN %) Share Information ( A S O N D E C E M B E R 3 1 , 2 0 2 5 ) NSE Ticker HFCL BSE Ticker 500183 Market Cap (₹ Crores) 10,369 % free-float 71.68% Free-float market cap (₹ Crores) 7,433.14 Shares Outstanding 1,53,06,02,463 3M ADTV (Sh
Slide 26: Thank You
Thank You INVESTOR PRESENTATI ON 2025 Corporate Office Amit Agarwal 8, Commercial Complex, HEAD – INVESTOR RELATIONS Masjid Moth, HFCL Limited Greater Kailash Part 2, Tel: +91-11-3520 9400 New Delhi, Delhi - 110048 Email: ir@hfcl.com 25 HFCL LIMITED | INVESTOR PRESENTATION 2025 /19