Summary

Himatsingka Seide Limited reported a mixed financial performance for the quarter and fiscal year ended March 31, 2026. For the full fiscal year, consolidated total income declined by 4.1% to ₹2,727.24 Crores, with Profit After Tax (PAT) decreasing by 18.4% to ₹62.24 Crores. However, the company demonstrated a strong quarterly performance in Q4 FY26, with consolidated total income increasing by 5.8% year-on-year to ₹721.68 crore, and EBITDA growing by 7.9% to ₹154.17 crore, pushing the EBITDA margin to 21.4%. The company acknowledged challenges from U.S. tariff policies and geopolitical uncertainties impacting operations and shipments, but expressed cautious optimism regarding future growth through revenue diversification and new product verticals.

Key Highlights

1. 1

   Consolidated Total Income for Q4 FY26 grew by 5.8% year-on-year to ₹721.68 crore, compared to ₹681.99 crore in Q4 FY25.

2. 2

   The company's EBITDA for FY26 stood at ₹576.67 Crores, a marginal decrease of 0.4% from ₹579.22 Crores in FY25, with the EBITDA Margin improving by 77 basis points to 21.1%.

3. 3

   Profit After Tax (PAT) for FY26 decreased by 18.4% to ₹62.24 Crores, down from ₹76.28 Crores in FY25.

4. 4

   Q4 FY26 saw a significant decline in PAT by 85.7% to ₹1.73 crore, compared to ₹12.07 crore in Q4 FY25.

5. 5

   Other Income surged by 316.6% year-on-year in Q4 FY26 to ₹104.47 crore, primarily driven by net foreign exchange gains of ₹95.69 crore due to rupee depreciation.

6. 6

   Capacity utilisation levels at manufacturing facilities were mildly impacted in Q4 FY26 by U.S. tariff policies and geopolitical tensions, causing delays in outbound shipments.

7. 7

   Management remains cautiously optimistic, focusing on diversifying revenue streams through new product verticals by leveraging existing infrastructure and strengthening market share in India and through potential FTAs.