Hi-Green Carbon FY26 Results: Revenue Rises 43%, PAT Falls

FY26 performance at a glance

Hi-Green Carbon Limited reported a 43% year-on-year increase in consolidated revenue for the year ended March 31, 2026, supported by a ramp-up in production across its facilities. Consolidated revenue stood at Rs 141.33 crore, compared with Rs 98.86 crore in FY25. Sales rose to Rs 138.68 crore from Rs 96.79 crore a year earlier. The company reported consolidated EBITDA of Rs 25.78 crore for FY26. However, profit after tax declined sharply to Rs 3.43 crore from Rs 11.13 crore in FY25. The lower profit reflected a one-time exceptional loss linked to a fire incident and higher depreciation. Basic and diluted earnings per share fell to Rs 1.37 from Rs 4.45 in the previous financial year.

Board approval and result disclosure

The company had informed the exchange that its board would meet on May 26, 2026, to consider and approve audited financial results for the year ended March 2026. The FY26 financial results were subsequently reported, and the company released a transcript of its investor conference call held on June 2, 2026. The call covered financial performance for the half year and full year ended March 31, 2026. Hi-Green Carbon had previously announced audited half-yearly results for the period ended September 2025 on November 14, 2025. Its prior full-year results announcement was dated May 27, 2025. The disclosed sequence gives investors a record of the company’s exchange-related financial reporting milestones.

Revenue growth was supported by production ramp-up

The increase in FY26 revenue was attributed to a steady ramp-up in production across the company’s facilities. Consolidated sales of Rs 138.68 crore represented an increase of about Rs 41.90 crore over FY25 sales of Rs 96.79 crore. Total income, reported as revenue, was Rs 141.33 crore in FY26. The difference between reported revenue and sales was Rs 2.65 crore. Revenue growth was substantially higher than the company’s earlier annual sales scale, with net sales reported at Rs 88.35 crore in FY25 in the provided annual profit and loss data. Investors should note that the disclosed datasets use sales and revenue labels that may differ by presentation format.

Profit declined after exceptional fire loss

The company’s FY26 profit after tax was affected by an exceptional loss of Rs 5.82 crore arising from a fire incident. This one-time item was specifically identified in the company’s FY26 discussion. Higher depreciation also weighed on the final profit figure. As a result, PAT fell by Rs 7.70 crore year on year, despite the increase in consolidated revenue. EBITDA of Rs 25.78 crore indicates that the company generated operating earnings before the reported exceptional item, interest, tax, depreciation and amortisation effects. The reported figures show that revenue growth did not translate into higher net profit during the year because of these costs.

Half-year trend weakened in March 2026

The half-yearly data shows sales of Rs 55 crore for the half year ended March 2026, compared with Rs 60 crore for the half year ended September 2025. Operating profit declined to Rs 8 crore from Rs 12 crore over the same comparison. Operating profit margin fell to 15% from 21%. Other income was Rs 2 crore in the March 2026 half year, compared with Rs 1 crore in the September 2025 half year. Adjusted EPS for the March 2026 half year was Rs 0.69, against Rs 2.65 in the preceding half year. These figures indicate lower reported operating profitability in the second half of FY26.

Key financial figures

Earlier annual financial record

The annual profit and loss figures supplied for the period through FY25 show a rise in net sales from Rs 24.27 crore in FY21 to Rs 88.35 crore in FY25. Operating profit increased from Rs 3.28 crore in FY21 to Rs 18.16 crore in FY25. In FY25, total expenditure was Rs 70.19 crore, while other income stood at Rs 2.08 crore. Interest expense in FY25 was Rs 1.27 crore. The figures provide historical context for the larger revenue base reported for FY26. They also show that FY26 profitability needs to be assessed alongside the disclosed exceptional fire loss rather than revenue growth alone.

What the results mean for investors

For investors, the principal FY26 development is the contrast between stronger revenue and lower reported profit. The 43% growth in consolidated revenue reflects the company’s production ramp-up, while the Rs 5.82 crore exceptional loss materially affected net earnings. The fall in EPS to Rs 1.37 from Rs 4.45 mirrors the decline in PAT. Half-year data also showed operating margin pressure, with OPM at 15% in the March 2026 period compared with 21% in September 2025. The supplied market data placed the share price at Rs 139 and market capitalisation at Rs 356 crore, though investors should verify current values through exchange data. The provided information described the price-to-earnings multiple as not meaningful.

Availability of quarterly information

Detailed financial information for the FY27 first quarter was not fully available in the supplied data. The referenced information indicated a July-August 2026 window for results relating to the quarter ended June 2026. It also advised investors to rely on the company’s NSE or BSE filings and other verified disclosures for the result date and quarterly figures. The article data separately listed October 29, 2026, as an upcoming result date. These dates should be checked against the latest exchange announcement because reporting schedules can change. No quarterly revenue estimate for FY27 was provided in the source material.

Conclusion

Hi-Green Carbon closed FY26 with consolidated revenue of Rs 141.33 crore and EBITDA of Rs 25.78 crore, but PAT declined to Rs 3.43 crore after the disclosed fire-related exceptional loss and heavier depreciation. The next verified exchange filings and scheduled result announcements will provide the relevant updates on subsequent operating and financial performance.