HRH Next
HRH Next Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 revenue target: Achieve ₹100 crore milestone, currently on a natural run rate of ₹75-80 crore with plans for inorganic growth (Page 8). HRH Next aims to achieve a 100-crore revenue milestone by FY27, with a natural run rate of 75-80 crores and potential inorganic growth to reach this target.
From HRH Next's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- FY27 revenue target: Achieve ₹100 crore milestone, currently on a natural run rate of ₹75-80 crore with plans for inorganic growth (Page 8).
- AI division (AINA) expected to contribute about 50% of revenue within 3 years, indicating a strong shift towards AI-led services (Page 10).
- Order book remains healthy with continuous signing of smaller players; major growth expected from expanding AI market share with existing and new clients (Page 11).
- Potential large AI deals (e.g., POC auditing 2-3 crore calls/month) could significantly boost revenue (Page 10).
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Profitability & Margins
See what HRH Next said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex plans for FY27 depend on market conditions and order book.
- Tentatively planning to open two new centers in FY27, estimated capex of ₹3 to 3.5 crores per center.
- Additional ₹3.5 to 4 crores (around ₹5 to 6 crores mentioned alternatively) allocated for AI development.
- For each center, sweet spot capex is about ₹1 lakh per seat; a 300-seat center requires approximately ₹3 to 3.5 crores.
- Planned expansion includes new geographic locations like Mysore and Indore but with cautious geographic growth due to AI flat productivity improvements.
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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 current order book is described as "pretty healthy."
- The company is continuously signing up smaller players, maintaining the order book size.
- No new large client acquisitions or announcements have been made recently.
- There is significant potential for growth by increasing AI market share with both existing and new clients.
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Frequently Asked Questions
What were HRH Next Q4 FY26 results?
FY27 revenue target: Achieve ₹100 crore milestone, currently on a natural run rate of ₹75-80 crore with plans for inorganic growth (Page 8). HRH Next aims to achieve a 100-crore revenue milestone by FY27, with a natural run rate of 75-80 crores and potential inorganic growth to reach this target.
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?
Capex plans for FY27 depend on market conditions and order book.
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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.