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Earnings Call

Harshdeep Hortico Earnings Call: Key Takeaways

Harshdeep Hortico reported H2 FY26 growth despite raw material and LPG supply headwinds. Strategy focuses on B2B expansion, new high-margin product verticals like fountains, and operational efficiency.

Why this was an Alfa AlertAchieved ₹69Cr revenue against ₹85Cr guidance, representing a miss, not a beat.
Highlights
Revenue growthH2 FY26 revenue was ₹36.1Cr; total FY26 revenue reached ₹69Cr.
MarginsH2 FY26 EBITDA margin improved to 31% from 28% YoY.
Order book₹1.5Cr for Lucknow, Mumbai, and Visakhapatnam airport projects.
Demand visibilityStrong order book for airports; high demand for new fountain vertical.
Management confidencePositive on 25-30% growth for next 3 years if geopoliticals normalize.

Growth

H2 FY26 revenue reached ₹36.1Cr. H1 FY26 PAT grew to ₹5.7Cr vs ₹4.22Cr YoY; H2 FY26 PAT rose to ₹6.82Cr vs ₹5.47Cr YoY.

Outlook

Targets 25-30% annual growth if conditions normalize; infrastructure capable of ₹100Cr+ revenue. Upcoming showrooms in Lucknow and Ludhiana.

Risks

60% spike in raw material costs, LPG shortages, and labor disruptions affected 10% of capacity and delayed projects.

Source

Earnings Call filed with BSE, BSE: 544105. Summary written with AI assistance from the document.

Read the document ↗

Harshdeep Hortico Ltd: key numbers

Share price
₹90.00
Market cap
₹144.8 Cr
Revenue (annual)
₹68.71 Cr
Net profit (annual)
₹12.52 Cr
P/E (TTM)
11.6×Sector 29.0×
Promoter holding
72.96%
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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