Hi-Green Carbon Ltd
Hi-Green Carbon Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY26 call signalled
4 of 4 strong
The short version
Expect to process around 38,000 to 40,000 metric tons of waste tire in the current year, up from 24,000 metric tons last year. Target to achieve beyond ₹200 crore revenue by FY27 once all three plants are fully operational.
From Hi-Green Carbon Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expect to process around 38,000 to 40,000 metric tons of waste tire in the current year, up from 24,000 metric tons last year.
- Anticipate revenue of approximately ₹130 to ₹140 crores with the third plant starting in the last quarter.
- With all three plants fully operational, target revenue exceeding ₹200 crores by FY27.
- Ramp-up period for new plants is around 3 to 4 months to reach optimal capacity (~75–80%).
- Strategy includes adding one new plant per year; currently evaluating locations for the next expansion.
2 more points from Hi-Green Carbon Ltd's call on revenue
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Profitability & Margins
See what Hi-Green Carbon Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company plans to expand by adding one new plant per year, with two to three locations identified but still under evaluation for feasibility (Page 12, 13, 20).
- The third plant in Madhya Pradesh is nearing completion (90-95% done) and expected to start operations by mid-January (Pages 3, 18).
- Future plant setup cost is around ₹50 crore, significantly lower than global costs (Page 7).
- Internal accruals and bank support are planned to fund expansions, with state government incentives also expected (Page 20).
- The business of Radhe Renewables was consolidated into Hi-Green at a nominal value, transferring machinery manufacturing without incurring capex for Hi-Green, supporting expansion without heavy capital outlay (Pages 10–11, 12).
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Top-ranked in Other Utilities
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The transcript does not explicitly mention the exact current or expected order book value or pending orders.
- However, it is noted that for Radhe Renewables' existing pending orders already signed, and any new orders related to gasification or the old business, Hi-Green will manufacture and execute these as part of the consolidation of Radhe Renewables into Hi-Green.
- Hi-Green grants a 1% commission to Radhe Renewables for executing these orders.
- There is ongoing customer onboarding for rCB products, with 6-7 new customers onboarded in the Maharashtra plant recently, indicating active order inflow.
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What Hi-Green Carbon's management said in earlier quarters
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Frequently Asked Questions
What were Hi-Green Carbon Ltd Q2 FY26 results?
Expect to process around 38,000 to 40,000 metric tons of waste tire in the current year, up from 24,000 metric tons last year. Target to achieve beyond ₹200 crore revenue by FY27 once all three plants are fully operational.
What is Hi-Green Carbon Ltd share price analysis?
Hi-Green Carbon Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 65.5 with a market cap of ₹346 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hi-Green Carbon Ltd planning capital expenditure?
The company plans to expand by adding one new plant per year, with two to three locations identified but still under evaluation for feasibility (Page 12, 13, 20).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.