ResultsMint
HFCL shares down 21% despite record Q2 profit
Negative-31
GreyOak summary
HFCL shares fell 21% in a month and remained on the lower circuit despite reporting a record Q2 FY27 net profit of ₹394.22 crore. Revenue doubled to ₹2,541.79 crore driven by demand for optical fibre cables from AI data centres. Management projects revenue growth of at least 80% in FY27 with an order book exceeding ₹28,900 crore.
What it affects
- HFCLNegative -31
Shares fell 21% despite record Q2 profit.Rolling sentiment Positive +44
Source
Read the original at MintMore HFCL news
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