Earnings Call Transcripts

Highness Microelectronics reported FY26 revenue of INR 16.11 crores, up 14.5% YoY, with EBITDA surging 46% to INR 6.61 crores and PAT growing 66.9% to INR 4.10 crores; PAT margin improved from 17.5% to 25%. Defense & aerospace (39%), railways (~21%), and medical (~27%) are the top revenue segments, with exports contributing ~44% of sales. Management targets FY27 revenue of INR 30–32 crores at ~35% EBITDA margin and 25%+ PAT, and FY28 revenue above INR 50 crores, with a longer-term goal of crossing INR 100 crores in about four years. The new Goa manufacturing facility is under development with phased capex of about INR 20 crores, expected to start commercial production around mid-next year and bring 10–15% input cost reduction through backward integration into chip-on-glass and film-on-glass. Order pipeline stands at INR 30 crores of confirmed projections over 18 months, with INR 8–10 crores of unexecuted orders for the current quarter, supported by three design wins from Australia already generating INR 5–6 crores.