HFCL posts ₹29.30 crore net loss in Q1FY26; board approves ₹700 crore fundraise
NEW DELHI: Homegrown optical fiber cable (OFC) and telecom gear maker HFCL on Friday reported a net loss of ₹29.30 crore in the first quarter of fiscal year 2026 (Q1FY26), declining by 126.48% year-on-year from a net profit of ₹110.65 crore in the corresponding quarter a year ago.
On a sequential basis, however, HFCL’s net loss narrowed by 64.83%, from ₹83.30 crore in Q4FY25 to ₹29.30 crore in Q1FY26.
‘While PAT (profit after tax) stood at ₹(29.30) crores, the performance marked significant operational improvement, and laid the foundation for a strong FY26,’ HFCL said in its earnings statement.
