Transcript for Audio Recording of Earnings Conference Call pertaining to H2 FY25-26

Harshdeep Hortico reported H2 FY26 revenue of ~INR 36.1 crores (full year ~INR 69 crores vs promised INR 85 crores) with EBITDA margin improving to 31% from 28% in H2 FY25, despite significant headwinds. The company faced 60% increase in raw material prices and 2-month LPG gas disruption affecting production. They took 20-25% price hikes but acknowledged this does not fully cover cost inflation. Revenue mix is B2B-heavy at 75%, with Grower Series (42-43%) and Roto Moulded (30.66%) being major contributors. Management guides for 25-30% annual growth if geopolitical conditions normalize and plans to sustain margins despite cost pressures. Current infrastructure can support INR 100+ crores revenue.