In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HFCL has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NSEI:HFCL - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	46,102	3,775	-3,012	1,390	N/A
6/30/2024	46,281	3,730	N/A	N/A	N/A
3/31/2024	44,651	3,298	-4,549	-449	N/A
12/31/2023	45,720	2,916	N/A	N/A	N/A
9/30/2023	46,467	3,055	-2,003	1,830	N/A
6/30/2023	46,875	3,179	N/A	N/A	N/A
3/31/2023	47,433	3,010	-1,064	2,351	N/A
12/31/2022	44,933	2,945	N/A	N/A	N/A
9/30/2022	46,227	2,767	-4,758	-2,334	N/A
6/30/2022	45,713	2,765	N/A	N/A	N/A
3/31/2022	47,271	3,131	223	2,054	N/A
12/31/2021	49,355	3,325	N/A	N/A	N/A
9/30/2021	49,978	3,364	3,636	5,201	N/A
6/30/2021	49,301	3,057	N/A	N/A	N/A
3/31/2021	44,230	2,390	387	1,448	N/A
12/31/2020	36,948	1,601	N/A	N/A	N/A
9/30/2020	32,707	1,240	-843	-20	N/A
6/30/2020	31,959	1,380	N/A	N/A	N/A
3/31/2020	38,389	2,273	45	1,724	N/A
12/31/2019	43,912	2,841	N/A	N/A	N/A
9/30/2019	47,586	3,056	N/A	N/A	N/A
6/30/2019	49,922	2,843	N/A	N/A	N/A
3/31/2019	47,378	2,199	-1,431	339	N/A
3/31/2018	32,274	1,679	N/A	2,071	N/A
3/31/2017	21,314	1,229	N/A	1,361	N/A
3/31/2016	28,735	2,655	N/A	4	N/A
3/31/2015	25,531	3,186	N/A	1,294	N/A
3/31/2014	20,195	4,698	N/A	862	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HFCL's forecast earnings growth is above the savings rate (6.7%).

Earnings vs Market: Insufficient data to determine if HFCL's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if HFCL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if HFCL's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if HFCL's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HFCL's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 04:03
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HFCL Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anil Burra	FirstCall Research
Abhijit Mitra	ICICI Securities Ltd.

HFCL Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

HFCL Limited Provides Earnings Guidance for 2021

Recent updates

Insufficient new directors

HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

Second quarter 2025 earnings released: EPS: ₹0.51 (vs ₹0.50 in 2Q 2024)

HFCL Limited's (NSE:HFCL) Popularity With Investors Under Threat As Stock Sinks 29%

HFCL Limited Unveils Two Innovative UBR Solutions:, Advanced 4G & 5G Backhauling and Energy-Efficient Rural Broadband Connectivity Solutions

HFCL Limited to Report Q2, 2025 Results on Oct 21, 2024

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For HFCL Limited's (NSE:HFCL) CEO For Now

HFCL (NSE:HFCL) Is Due To Pay A Dividend Of ₹0.20

Upcoming dividend of ₹0.20 per share

HFCL Limited Showcases Its Latest Range of Innovative High-Density Blown Fibre Solutions At the Connected Britain 2024 Event

HFCL (NSE:HFCL) Will Pay A Dividend Of ₹0.20

Dividend of ₹0.20 announced

HFCL Limited, Annual General Meeting, Sep 30, 2024

HFCL Limited Announces Cessation of Surendra Singh Sirohi as Independent Director, Member/Chairman of Committees

HFCL Limited's (NSE:HFCL) Shares Climb 29% But Its Business Is Yet to Catch Up

Be Wary Of HFCL (NSE:HFCL) And Its Returns On Capital

HFCL Limited Debuts New Ribbon and Microcable Solutions At ISE EXPO 2024

New major risk - Share price stability

Hfcl Develops Critical Defense Technologies Indigenously with Focus on Exports

First quarter 2025 earnings released: EPS: ₹0.77 (vs ₹0.49 in 1Q 2024)

HFCL Limited to Report Q1, 2025 Results on Jul 24, 2024

Investor sentiment improves as stock rises 15%

HFCL Limited's (NSE:HFCL) 26% Share Price Surge Not Quite Adding Up

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

Here's What's Concerning About HFCL's (NSE:HFCL) Returns On Capital

Full year 2024 earnings released: EPS: ₹2.33 (vs ₹2.18 in FY 2023)

HFCL Limited to Report Q4, 2024 Results on May 03, 2024

HFCL Limited's (NSE:HFCL) Shareholders Might Be Looking For Exit

Investor sentiment deteriorates as stock falls 19%

There Are Reasons To Feel Uneasy About HFCL's (NSE:HFCL) Returns On Capital

Third quarter 2024 earnings released: EPS: ₹0.58 (vs ₹0.69 in 3Q 2023)

New minor risk - Share price stability

Investor sentiment improves as stock rises 26%

HFCL Limited to Report Q3, 2024 Results on Jan 25, 2024

With HFCL Limited (NSE:HFCL) It Looks Like You'll Get What You Pay For

HFCL (NSE:HFCL) Has A Pretty Healthy Balance Sheet

HFCL Limited Launches a Suite of Connectivity Products and Solutions for Global Telcos and Enterprises

Second quarter 2024 earnings released: EPS: ₹0.50 (vs ₹0.60 in 2Q 2023)

HFCL (NSE:HFCL) Could Be Struggling To Allocate Capital

HFCL Limited to Report Q2, 2024 Results on Oct 19, 2023

This Is The Reason Why We Think HFCL Limited's (NSE:HFCL) CEO Deserves A Bump Up To Their Compensation

Upcoming dividend of ₹0.20 per share at 0.3% yield

HFCL (NSE:HFCL) Has Announced That It Will Be Increasing Its Dividend To ₹0.20

HFCL Limited, Annual General Meeting, Sep 30, 2023

New minor risk - Shareholder dilution

HFCL Limited Announces Retirement of Brij Bhushan Singh as Executive President- Defence Products

First quarter 2024 earnings released: EPS: ₹0.49 (vs ₹0.37 in 1Q 2023)

HFCL Limited to Report Q1, 2024 Results on Jul 26, 2023

We Think HFCL (NSE:HFCL) Is Taking Some Risk With Its Debt

Return Trends At HFCL (NSE:HFCL) Aren't Appealing

HFCL Limited Proposes Dividend for the Year 2023

Full year 2023 earnings released: EPS: ₹2.18 (vs ₹2.38 in FY 2022)

Does HFCL (NSE:HFCL) Have A Healthy Balance Sheet?

Insufficient new directors

Third quarter 2023 earnings released: EPS: ₹0.69 (vs ₹0.59 in 3Q 2022)

HFCL Limited to Report Q3, 2023 Results on Jan 23, 2023

Investor sentiment deteriorated over the past week

Is HFCL (NSE:HFCL) A Risky Investment?

Second quarter 2023 earnings released: EPS: ₹0.60 (vs ₹0.64 in 2Q 2022)

HFCL Limited announced that it has received INR 282 million in funding from MN Ventures Private Limited and other investors

HFCL Limited to Report Q2, 2023 Results on Oct 18, 2022

HFCL Limited Announces the Launch of 5G Lab-As-A-Service

HFCL Limited Approves Declaration of Dividend for the Financial Year Ended 31st March, 2022

Most Shareholders Will Probably Find That The CEO Compensation For HFCL Limited (NSE:HFCL) Is Reasonable

Upcoming dividend of ₹0.18 per share

HFCL (NSE:HFCL) Will Pay A Larger Dividend Than Last Year At ₹0.18

HFCL Limited, Annual General Meeting, Sep 30, 2022

Here's Why HFCL (NSE:HFCL) Has A Meaningful Debt Burden

First quarter 2023 earnings released: EPS: ₹0.37 (vs ₹0.68 in 1Q 2022)

HFCL Limited to Report Q1, 2023 Results on Jul 22, 2022

HFCL Limited Announces Board Appointments

Investor sentiment improved over the past week

Returns Are Gaining Momentum At HFCL (NSE:HFCL)