HRH Next

Q3 FY26Commercial Services & Supplies

HRH Next Q3 FY26 Results & Concall Highlights

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹30

Market cap₹36 Cr

P/E7.3

Updated26 Aug 2026

Read4 min read

The short version

HRH Next Services aims to reach a revenue of ₹100 crore by the financial year ending 2027. Targeting PAT margin of over 10-12% by 2027 with a PAT of ₹10-12 crore.

From HRH Next's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

HRH Next Services aims to reach a revenue of ₹100 crore by the financial year ending 2027.
The company plans to increase its sales and revenue primarily through the expansion and monetization of its AI division, AINA, which delivers higher profit margins compared to traditional BPO services.
Expansion to new centers is planned (Mysore confirmed; potential for Indore or other locations), requiring capital expenditures to support growth.
The AI services are sector-agnostic, region-agnostic, and language-agnostic, enabling penetration into new markets including international clients.
Diversification of client base will occur through more aggressive marketing, business development, and inclusion of clients previously rejected under older models by adopting per-minute consumption billing.
The company expects scalable growth driven by cutting-edge AI technology offerings and strong client retention.

Profitability & Margins

Targeting PAT margin of over 10-12% by 2027 with a PAT of ₹10-12 crore.
Aim to reach ₹100 crore revenue by FY 2027, coinciding with eligibility to apply for the main board listing.
Growth driven by higher-margin AI services division complementing traditional BPO operations.
EBITDA margins expected to improve substantially once the AI division monetizes.
Long-term vision includes becoming the largest vernacular contact center provider and leading AI services company in India.
PAT margins and profitability projected to increase significantly post-main board listing.
Continued expansion with AI-enabled services and new delivery centers (Mysore, Indore) supported by planned CapEx.
Strong client retention and deeply integrated service models to ensure predictable revenue streams and sustainable earnings growth.

See what HRH Next said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes, HRH Next Services Limited has planned capital expenditure (CapEx) for the next 1 to 2 years.
Significant investment will be directed toward the AI division, which will consume substantial energy and bandwidth.
The company plans to expand to two new centers: one confirmed in Mysore where property identification has started, and another possible location being Indore or elsewhere.
These expansions and AI infrastructure developments are essential to achieving the revenue target of ₹100 crore by the financial year ending 2027.
Overall, CapEx is factored into the company's strategic growth plan, primarily driven by AI services and geographic expansion.

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No explicit mention of current or planned fundraising through debt or equity in the provided transcript.
However, there is mention of planned capital expenditure (CapEx) for the next 1-2 years to support AI division growth and expansion of two new centers (Mysore and possibly Indore).
CapEx is critical for achieving the target of 100 crore revenue by FY 2027, implying potential need for funding.
No direct reference to raising funds via debt or equity, but CapEx planning suggests internal funding or possible raise in future.
The firm aims to get listed on the main board by 2027, which may facilitate future equity financing opportunities.

See what HRH Next said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for HRH Next Services Limited. However, some relevant points from the discussion that may indirectly relate to order book and business outlook are: - The company is expanding its AI division (AINA) significantly, targeting growth and leadership in AI-enabled BPO services. - Plans to expand to two new centers (Mysore and potentially Indore) indicate expected business growth requiring CapEx investment. - The company is focusing on diversified client engagements with existing unicorn clients and is open to taking on clients previously rejected under different billing models. - The company expects revenues to reach 100 crore by the financial year ending 2027, driven by AI services and traditional BPO. - There is emphasis on strong client retention and integration with large clients like Swiggy, Vodafone, CARS24, Meesho, contributing significantly to revenues. No direct numeric details on order book or pending orders were disclosed in the transcript.

What HRH Next Services Ltd's management said in earlier quarters

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Frequently Asked Questions

What were HRH Next Q3 FY26 results?

HRH Next Services aims to reach a revenue of ₹100 crore by the financial year ending 2027. Targeting PAT margin of over 10-12% by 2027 with a PAT of ₹10-12 crore.

What is HRH Next share price analysis?

HRH Next currently shows a neutral. The stock trades at a P/E of 7.3 with a market cap of ₹36 Cr. Investors should review the full earnings analysis for detailed insights.

Is HRH Next planning capital expenditure?

Yes, HRH Next Services Limited has planned capital expenditure (CapEx) for the next 1 to 2 years.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.