Integrated Filing — IndAS
General information about company
| Scrip Code |
500183 |
| NSE Symbol |
HFCL |
| MSEI Symbol |
NOTLISTED |
| ISIN |
INE548A01028 |
| Name of company |
HFCL LIMITED |
| Type of company |
Main Board |
| Class of security |
Equity |
| Date of start of financial year |
01-04-2025 |
| Date of end of financial year |
31-03-2026 |
| Date of board meeting when results were approved |
30-04-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed
to the exchange |
23-04-2026 |
| Description of presentation currency |
INR |
| Level of rounding used in financial results |
Lakhs |
| Reporting Type |
Quarterly |
| Reporting Quarter |
Fourth quarter |
| Nature of report standalone or consolidated |
Consolidated |
| Whether results are audited or unaudited for the quarter ended |
Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended |
Audited |
| Segment Reporting |
Multi segment |
| Description of single segment |
|
| Start date and time of board meeting |
30-04-2026 12:10:00 |
| End date and time of board meeting |
30-04-2026 12:45:00 |
| Whether cash flow statement is applicable on company |
Yes |
| Type of cash flow statement |
Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
Financial Results Ind-AS
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-01-2026 |
01-04-2025 |
| B |
Date of end of reporting period |
31-03-2026 |
31-03-2026 |
| C |
Whether results are audited or unaudited |
Audited |
Audited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
| 1 |
Income |
|
Revenue from operations |
1,82,412.00 |
4,94,927.00 |
|
Other income |
2,226.00 |
6,525.00 |
|
Total income |
1,84,638.00 |
5,01,452.00 |
| 2 |
Expenses |
| (a) |
Cost of materials consumed |
62,987.00 |
1,90,315.00 |
| (b) |
Purchases of stock-in-trade |
47,472.00 |
1,75,674.00 |
| (c) |
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
6,426.00 |
(45,798.00) |
| (d) |
Employee benefit expense |
13,744.00 |
44,526.00 |
| (e) |
Finance costs |
6,278.00 |
24,206.00 |
| (f) |
Depreciation, depletion and amortisation expense
|
4,548.00 |
15,738.00 |
| (f) |
Other Expenses |
| 1 |
Other Expenses |
20,316.00 |
54,060.00 |
| 2 |
Share of net profits / (loss) of jointly controlled entities accounted for using equity method |
74.00 |
(37.00) |
|
Total other expenses |
20,390.00 |
54,023.00 |
|
Total expenses |
1,61,845.00 |
4,58,684.00 |
| 3 |
Total profit before exceptional items and tax |
22,793.00 |
42,768.00 |
| 4 |
Exceptional items |
0.00 |
0.00 |
| 5 |
Total profit before tax |
22,793.00 |
42,768.00 |
| 6 |
Tax expense |
|
| 7 |
Current tax |
6,726.00 |
10,435.00 |
| 8 |
Deferred tax |
(2,378.00) |
(611.00) |
| 9 |
Total tax expenses |
4,348.00 |
9,824.00 |
| 10 |
Net movement in regulatory deferral account balances related to profit or loss and
the related deferred tax movement |
0.00 |
0.00 |
| 11 |
Net Profit Loss for the period from
continuing operations |
18,445.00 |
32,944.00 |
| 12 |
Profit (loss) from discontinued operations before tax |
0.00 |
0.00 |
| 13 |
Tax expense of discontinued operations |
0.00 |
0.00 |
| 14 |
Net profit (loss) from discontinued
operation after tax |
0.00 |
0.00 |
| 15 |
Share of profit (loss) of associates and joint ventures accounted for using equity
method |
0.00 |
0.00 |
| 16 |
Total profit (loss) for period |
18,445.00 |
32,944.00 |
| 17 |
Other comprehensive income net of taxes |
(3,923.00) |
(2,912.00) |
| 18 |
Total Comprehensive Income for the period |
14,522.00 |
30,032.00 |
| 19 |
Total profit or loss, attributable to
|
|
|
|
Profit or loss, attributable to owners of parent |
17,850.00 |
31,174.00 |
|
Total profit or loss, attributable to non-controlling interests |
595.00 |
1,770.00 |
| 20 |
Total Comprehensive income for the period attributable to |
|
|
|
Comprehensive income for the period attributable to owners of parent |
13,916.00 |
28,258.00 |
|
Total comprehensive income for the period attributable to owners of parent non-controlling
interests |
605.00 |
1,774.00 |
| 21 |
Details of equity share capital |
|
|
Paid-up equity share capital |
15,303.00 |
15,303.00 |
|
Face value of equity share capital |
1 |
1 |
| 27 |
Details of debt securities |
|
| 22 |
Reserves excluding revaluation reserve |
|
4,79,556.00 |
| 23 |
Earnings per share |
|
| i |
Earnings per equity share for continuing operations |
|
|
Basic earnings (loss) per share from continuing operations |
1.21 |
2.13 |
|
Diluted earnings (loss) per share from continuing operations |
1.21 |
2.13 |
| ii |
Earnings per equity share for discontinued operations |
|
|
Basic earnings (loss) per share from discontinued operations |
0 |
0 |
|
Diluted earnings (loss) per share from discontinued operations |
0 |
0 |
| ii |
Earnings per equity share |
|
|
Basic earnings (loss) per share from continuing
and discontinued operations |
1.21 |
2.13 |
|
Diluted earnings (loss) per share from
continuing and discontinued operations |
1.21 |
2.13 |
| 24 |
Debt equity ratio |
|
|
| 25 |
Debt service coverage ratio |
|
|
| 26 |
Interest service coverage ratio |
|
|
| 27 |
Disclosure of notes on financial results |
|
Remarks
Statement of Asset and Liabilities
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2025 |
| Date of end of reporting period |
31-03-2026 |
| Whether results are audited or unaudited |
Audited |
| Nature of report standalone or consolidated |
Consolidated |
|
Assets |
| 1 |
Non-current assets |
|
Property, plant and equipment |
91,336.00 |
|
Capital work-in-progress |
8,501.00 |
|
Investment property |
2,837.00 |
|
Goodwill |
2,617.00 |
|
Other intangible assets |
24,774.00 |
|
Intangible assets under development |
40,129.00 |
|
Biological assets other than bearer plants |
|
|
Investments accounted for using equity method |
2,324.00 |
|
Non-current financial assets |
|
|
Non-current investments |
7,038.00 |
|
Trade receivables, non-current |
26,980.00 |
|
Loans, non-current |
1,000.00 |
|
Other non-current financial assets |
|
| 1 |
Others |
4,226.00 |
|
Total of other non-current financial assets |
4,226.00 |
|
Total non-current financial assets |
39,244.00 |
|
Deferred tax assets (net) |
|
|
Other non-current assets |
|
| 1 |
Other non-current assets |
4,677.00 |
|
Total of other non-current assets |
4,677.00 |
|
Total non-current assets |
2,16,439.00 |
| 2 |
Current assets |
|
|
Inventories |
1,41,599.00 |
|
Current financial asset |
|
|
Current investments |
4,129.00 |
|
Trade receivables, current |
2,21,218.00 |
|
Cash and cash equivalents |
3,767.00 |
|
Bank balance other than cash and cash equivalents |
43,075.00 |
|
Loans, current |
1,960.00 |
|
Other current financial assets |
|
|
Total of other current financial assets |
70,231.00 |
|
Total current financial assets |
3,44,380.00 |
|
Current tax assets (net) |
1,275.00 |
|
Other current assets |
|
| 1 |
Other current assets |
1,83,065.00 |
|
Total of other current assets |
1,83,065.00 |
|
Total current assets |
6,70,319.00 |
| 3 |
Non-current assets classified as held for sale |
|
| 4 |
Regulatory deferral account debit balances and related deferred tax Assets |
|
|
Total assets |
8,86,758.00 |
|
Equity and liabilities |
|
| 1 |
Equity |
|
|
Equity attributable to owners of parent |
|
|
Equity share capital |
15,303.00 |
|
Other equity |
4,73,772.00 |
|
Total equity attributable to owners of parent |
4,89,075.00 |
|
Non controlling interest |
5,784.00 |
|
Total equity |
4,94,859.00 |
| 2 |
Liabilities |
|
|
Non-current liabilities |
|
|
Non-current financial liabilities |
|
|
Borrowings, non-current |
38,988.00 |
|
Trade payables, non-current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
|
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
|
|
Total Trade payable |
|
|
Other non-current financial liabilities |
|
| 1 |
Lease Liabilities |
1,880.00 |
|
Total of other non-current financial liabilities |
1,880.00 |
|
Total non-current financial liabilities |
40,868.00 |
|
Provisions, non-current |
6,263.00 |
|
Deferred tax liabilities (net) |
8,089.00 |
|
Deferred government grants, Non-current |
|
|
Other non-current liabilities |
|
|
Total of other non-current liabilities |
|
|
Total non-current liabilities |
55,220.00 |
|
Current liabilities |
|
|
Current financial liabilities |
|
|
Borrowings, current |
1,32,349.00 |
|
Trade payables, current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
11,393.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
89,351.00 |
|
Total Trade payable |
1,00,744.00 |
|
Other current financial liabilities |
|
| 1 |
Lease Liabilites |
1,221.00 |
| 2 |
Operational Buyers' Credit |
15,195.00 |
| 3 |
Other financial liabilities |
50,289.00 |
|
Total of other current financial liabilities |
66,705.00 |
|
Total current financial liabilities |
2,99,798.00 |
|
Other current liabilities |
29,565.00 |
| 1 |
Other current liabilities |
29,565.00 |
|
Total of other current liabilities |
29,565.00 |
|
Provisions, current |
1,317.00 |
|
Current tax liabilities (Net) |
5,999.00 |
|
Deferred government grants, Current |
|
|
Total current liabilities |
3,36,679.00 |
| 3 |
Liabilities directly associated with assets in disposal group classified as held for sale |
|
| 4 |
Regulatory deferral account credit balances and related deferred tax liability |
|
|
Total liabilities |
3,91,899.00 |
|
Total equity and liabilites |
8,86,758.00 |
|
Disclosure of notes on assets and liabilities |
|
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Amount in (Lakhs)
| Particulars |
3 months/ 6 month ended (dd-mm-yyyy) |
Year to date figures for current period
ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-01-2026 |
01-04-2025 |
| Date of end of reporting
period |
31-03-2026 |
31-03-2026 |
| Whether results are audited
or unaudited |
Audited |
Audited |
| Nature of report standalone or
consolidated |
Consolidated |
Consolidated |
| 1 |
Segment Revenue (Income) |
|
(net sale/income from each segment should
be disclosed) |
| 1 |
Telecom Product |
1,20,622.00 |
2,93,101.00 |
| 2 |
Defence Product and Services |
1,242.00 |
7,670.00 |
| 3 |
Turnkey Contract and Services |
58,714.00 |
1,87,500.00 |
| 4 |
Others |
1,834.00 |
6,656.00 |
|
Total Segment Revenue |
1,82,412.00 |
4,94,927.00 |
|
Less: Inter segment revenue |
|
|
|
Revenue from operations |
1,82,412.00 |
4,94,927.00 |
| 2 |
Segment Result |
|
Profit (+) / Loss (-) before tax and
interest from each segment |
| 1 |
Telecom Product |
38,300.00 |
76,392.00 |
| 2 |
Defence Product and Services |
(590.00) |
(505.00) |
| 3 |
Turnkey Contract and Services |
(8,410.00) |
(11,301.00) |
| 4 |
Others |
(172.00) |
(204.00) |
|
Total Profit before tax |
29,128.00 |
64,382.00 |
|
i. Finance cost |
6,278.00 |
24,206.00 |
|
ii. Other Unallocable Expenditure net off Unallocable income |
57.00 |
(2,592.00) |
|
Profit before tax |
22,793.00 |
42,768.00 |
| 3 |
(Segment Asset - Segment Liabilities)
|
|
Segment Asset |
| 1 |
Telecom Product |
3,97,784.00 |
3,97,784.00 |
| 2 |
Defence Product and Services |
25,695.00 |
25,695.00 |
| 3 |
Turnkey Contract and Services |
3,76,529.00 |
3,76,529.00 |
| 4 |
Others |
3,392.00 |
3,392.00 |
|
Total Segment Asset |
8,03,400.00 |
8,03,400.00 |
|
Un-allocable Assets |
83,357.00 |
83,357.00 |
|
Net Segment Asset |
8,86,757.00 |
8,86,757.00 |
| 4 |
Segment Liabilities |
|
Segment Liabilities |
| 1 |
Telecom Product |
1,30,606.00 |
1,30,606.00 |
| 2 |
Defence Product and Services |
5,909.00 |
5,909.00 |
| 3 |
Turnkey Contract and Services |
1,32,258.00 |
1,32,258.00 |
| 4 |
Others |
2,206.00 |
2,206.00 |
|
Total Segment Liabilities |
2,70,979.00 |
2,70,979.00 |
|
Un-allocable Liabilities |
1,20,919.00 |
1,20,919.00 |
|
Net Segment Liabilities |
3,91,898.00 |
3,91,898.00 |
|
Disclosure of notes on segments |
|
Other Comprehensive Income
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-01-2026 |
01-04-2025 |
| B |
Date of end of reporting period |
31-03-2026 |
31-03-2026 |
| C |
Whether results are audited or unaudited |
Audited |
Audited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
|
Other comprehensive income [Abstract] |
|
| 1 |
Amount of items that will not be reclassified to profit and loss |
|
| 1 |
Items that will not be reclassified to profit or loss |
(3,025.00) |
(1,841.00) |
|
Total Amount of items that will not be reclassified to profit and loss |
(3,025.00) |
(1,841.00) |
| 2 |
Income tax relating to items that will not be reclassified to profit or loss |
27.00 |
54.00 |
| 3 |
Amount of items that will be reclassified to profit and loss |
|
| 1 |
Items that will be reclassified to profit or loss |
(871.00) |
(1,017.00) |
|
Total Amount of items that will be reclassified to profit and loss |
(871.00) |
(1,017.00) |
| 4 |
Income tax relating to items that will be reclassified to profit or loss |
0.00 |
0.00 |
| 5 |
Total Other comprehensive income |
(3,923.00) |
(2,912.00) |
Cash flow statement, indirect
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-04-2025 |
| B |
Date of end of reporting period |
31-03-2026 |
| C |
Whether results are audited or unaudited |
Audited |
| D |
Nature of report standalone or consolidated |
Consolidated |
|
Statement of cash flows |
|
|
Cash flows from used in operating
activities |
|
|
Profit before tax |
42,768.00 |
|
Adjustments for reconcile profit (loss) |
|
|
Adjustments for finance costs |
24,206.00 |
|
Adjustments for decrease (increase) in inventories |
(51,715.00) |
|
Adjustments for decrease (increase) in trade receivables, current |
(22,521.00) |
|
Adjustments for decrease (increase) in trade receivables, non-current
|
0.00 |
|
Adjustments for decrease (increase) in other current assets |
(35,796.00) |
|
Adjustments for decrease (increase) in other non-current assets |
967.00 |
|
Adjustments for other financial assets, non-current |
0.00 |
|
Adjustments for other financial assets, current |
(12,044.00) |
|
Adjustments for other bank balances |
0.00 |
|
Adjustments for increase (decrease) in trade payables, current |
(7,122.00) |
|
Adjustments for increase (decrease) in trade payables, non-current |
0.00 |
|
Adjustments for increase (decrease) in other current liabilities |
10,039.00 |
|
Adjustments for increase (decrease) in other non-current liabilities
|
1,174.00 |
|
Adjustments for depreciation and amortisation expense |
15,730.00 |
|
Adjustments for impairment loss reversal of impairment loss recognised
in profit or loss |
214.00 |
|
Adjustments for provisions, current |
(267.00) |
|
Adjustments for provisions, non-current |
0.00 |
|
Adjustments for other financial liabilities, current |
(1,025.00) |
|
Adjustments for other financial liabilities, non-current |
0.00 |
|
Adjustments for unrealised foreign exchange losses gains |
(451.00) |
|
Adjustments for dividend income |
2,477.00 |
|
Adjustments for interest income |
0.00 |
|
Adjustments for share-based payments |
0.00 |
|
Adjustments for fair value losses (gains) |
0.00 |
|
Adjustments for undistributed profits of associates |
0.00 |
|
Other adjustments for which cash effects are investing or financing
cash flow |
0.00 |
|
Other adjustments to reconcile profit (loss) |
(68.00) |
|
Other adjustments for non-cash items |
4,932.00 |
|
Share of profit and loss from partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Total adjustments for reconcile
profit (loss) |
(76,224.00) |
|
Net cash flows from (used in)
operations |
(33,456.00) |
|
Dividends received |
0.00 |
|
Interest paid |
0.00 |
|
Interest received |
0.00 |
|
Income taxes paid (refund) |
4,357.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
operating activities |
(37,813.00) |
|
Cash flows from used in
investing activities |
|
|
Cash flows from losing control of subsidiaries or other businesses |
(300.00) |
|
Cash flows used in obtaining control of subsidiaries or other businesses |
0.00 |
|
Other cash receipts from sales of equity or debt instruments of other
entities |
0.00 |
|
Other cash payments to acquire equity or debt instruments of other entities
|
0.00 |
|
Other cash receipts from sales of interests in joint ventures |
0.00 |
|
Other cash payments to acquire interests in joint ventures |
0.00 |
|
Cash receipts from share of profits of partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Cash payment for investment in partnership firm or association of persons or
limited liability partnerships |
0.00 |
|
Proceeds from sales of property, plant and equipment |
54.00 |
|
Purchase of property, plant and equipment |
23,018.00 |
|
Proceeds from sales of investment property |
1,211.00 |
|
Purchase of investment property |
0.00 |
|
Proceeds from sales of intangible assets |
0.00 |
|
Purchase of intangible assets |
11,513.00 |
|
Proceeds from sales of intangible assets under development |
0.00 |
|
Purchase of intangible assets under development |
0.00 |
|
Proceeds from sales of goodwill |
0.00 |
|
Purchase of goodwill |
0.00 |
|
Proceeds from biological assets other than bearer plants |
0.00 |
|
Purchase of biological assets other than bearer plants |
0.00 |
|
Proceeds from government grants |
0.00 |
|
Proceeds from sales of other long-term assets |
0.00 |
|
Purchase of other long-term assets |
0.00 |
|
Cash advances and loans made to other parties |
1,335.00 |
|
Cash receipts from repayment of advances and loans made to other parties |
0.00 |
|
Cash payments for future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Cash receipts from future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Dividends received |
0.00 |
|
Interest received |
442.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
2,048.00 |
|
Net cash flows from (used in)
investing activities |
(32,411.00) |
|
Cash flows from used in
financing activities |
|
|
Proceeds from changes in ownership interests in subsidiaries |
0.00 |
|
Payments from changes in ownership interests in subsidiaries |
0.00 |
|
Proceeds from issuing shares |
54,362.00 |
|
Proceeds from issuing other equity instruments |
0.00 |
|
Payments to acquire or redeem entity's shares |
0.00 |
|
Payments of other equity instruments |
0.00 |
|
Proceeds from exercise of stock options |
0.00 |
|
Proceeds from issuing debentures notes bonds etc |
0.00 |
|
Proceeds from borrowings |
57,073.00 |
|
Repayments of borrowings |
19,842.00 |
|
Payments of lease liabilities |
1,494.00 |
|
Dividends paid |
1,442.00 |
|
Interest paid |
21,718.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
financing activities |
66,939.00 |
|
Net increase (decrease) in cash
and cash equivalents before effect of exchange rate changes |
(3,285.00) |
|
Effect of exchange rate changes
on cash and cash equivalents |
|
|
Effect of exchange rate changes on cash and cash equivalents |
0.00 |
|
Net increase (decrease) in cash
and cash equivalents |
(3,285.00) |
|
Cash and cash equivalents cash flow statement at beginning of period
|
7,052.00 |
|
Cash and cash equivalents cash
flow statement at end of period |
3,767.00 |
Details of Impact of Audit Qualification
Amount in (Lakhs)
| Whether results are audited or unaudited |
Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
| Auditor's opinion |
|
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015:
The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified
opinion for the period on Standalone results |
Yes |
| Sr No. |
Audit firm's name |
Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI |
Certificate valid upto |
| 1 |
S Bhandari & Co. LLP |
Yes |
31-01-2029 |
| 2 |
Oswal Sunil & Company |
Yes |
30-04-2027 |