Hi-Green Carbon Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Hi-Green Carbon's H1FY26 consolidated turnover hit ₹69 Cr, processing 17,400 MT of waste tires at ~75% utilization. Operating margins dipped to 15% from 20% due to TPO price drops, R&D expenses (under ₹1 Cr), and new plant setup costs. Management targets a 20% OPM for the full year.

The 3rd plant in MP is 95% complete, aiming for a mid-January start. Maharashtra plant will soon convert syngas to electricity. Radhe Renewables' technology business is now fully integrated for a nominal value, expected to boost margins. FY26 revenue target is ₹130-140 Cr. While Samsara faced a fire (₹5-7 Cr insured loss), it expects to restart in ~2 months. Management is confident in growth and strategic diversification for sustainability.