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HFCL raises FY27 revenue growth forecast to at least 80% on data centre demand

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HFCL raises FY27 revenue growth forecast to at least 80% on data centre demand

Gurugram-based technology company HFCL expects revenue to grow by at least 80% in FY27, significantly higher than its initial estimate of 20%, driven by strong export demand and the expansion of data centers across global markets.

The company has already increased its manufacturing capacity to meet demand for the current financial year and continues to expand production as orders increase.

Mahendra Nahata, Managing Director of HFCL, said the company expects revenue of around ₹9,000 crore in FY27, with a possibility of reaching ₹10,000 crore if the current momentum continues.

Looking ahead to FY28, Nahata expects revenue growth of 20-25%, supported by an order book of nearly ₹29,000 crore and a strong pipeline of new orders. However, he clarified that this is an estimate rather than formal guidance.

The company is also betting on its defence business, where it expects revenue of ₹500-600 crore in FY27, rising to ₹2,000 crore in FY28.

In the July-September quarter (Q2FY27), HFCL reported revenue of ₹2,542 crore, net profit of ₹363 crore and a margin of 24.8%.

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