HI-Green Carbon Ltd (HIGREEN) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management aims for 40% year-on-year revenue growth for the next three years, driven by higher utilization and future expansions.
- A new 60 TPD sodium silicate plant in MP, costing INR 7-8 crores, will begin production by Feb 2027, adding INR 30-35 crore in annual revenue.
- The company has secured a full offtake agreement with Varahi Silicate for its upcoming sodium silicate production, ensuring immediate revenue generation.
Performance Overview
- The company reported strong performance for the first half of FY27, with significant growth in revenue, gross profit, and EBITDA compared to the second half of the previous fiscal year.
- Capacity utilization has been ramping up across its facilities, with the Rajasthan plant achieving 75%, Maharashtra at 70%, and the newly commissioned Madhya Pradesh plant reaching 40% for pyrolysis.
- The rCB segment also showed progress, with 79% utilization at the Rajasthan plant and 30% at the Maharashtra plant.
- Strategic expansion is underway with a new 60 TPD sodium silicate facility being erected at the Madhya Pradesh plant, leveraging surplus syngas.
- The company has secured an offtake agreement with Varahi Silicate for the entire production of the upcoming sodium silicate plant, de-risking the new revenue stream.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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