HFCL

What HFCL promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 3 delivered 7 missed 12 open
  • OFC Market Demand Recovery delivered said Q2 FY25 Promised: Market of fiber optic cable would pick up significantly from Q4 FY25 Q1 FY27: The promise remains achieved. The strong order book of ~INR 16,000 crores in OFC and positive pricing commentary in Q1 FY27 further validate the market recovery.
  • Overall Revenue Target went quiet said Q2 FY25 Promised: INR 10,000 crores of revenue in 3 years' time frame Q1 FY27: The aspirational target of INR 10,000 crores was not mentioned. Management provided a more concrete FY27 growth guidance of 40%+ instead.
  • Passive Components Business Revenue revised up said Q2 FY25 Promised: INR 750 crores in next 2-3 years Q1 FY27: Management significantly revised the guidance upwards, now targeting INR 800 crores from the data center connectivity business in FY27 itself, compared to the previous guidance of INR 400 crores for FY27 and INR 800 crores for FY28.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 22 tracked commitments for HFCL — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens