HRH Next Services Limited — Investor Meet, 12-12-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HRH Next Services reported H1 FY26 revenue up 3 Cr (11%) year-on-year. While EBITDA saw a marginal 1% dip due to AI investments, PAT increased due to tax efficiencies. Management expects H2 results to be substantially better, projecting a 20-25% growth over last year’s figures.

EBITDA margins expanded to ~18% from 9% (H2 prior year) due to full capacity utilization. The AI division, AINA, is now live, leveraging two decades of vernacular data for automated call audits and bots. AINA is poised to drive significant margin expansion and accelerate client acquisition, with full impact expected by FY27. Swiggy contributes 40% of revenue, a risk mitigated by HRH handling multiple processes and its crucial role in South Indian languages. The company plans for main board eligibility and potential AI-related acquisitions.