Haber’s Revenue Growth in FY26
Haber’s revenue growth in FY26 exceeded the rise in its overall expenses, which significantly contributed to the company reducing its net loss by more than half during the last fiscal year. The firm’s revenue from operations increased by 38.7% to Rs 215 crore in FY26, up from Rs 155 crore in the previous fiscal year, according to its consolidated financial statements submitted to the Registrar of Companies.
Revenue Sources and Operational Performance
The company generates revenue primarily through product sales, particularly in chemicals paired with software-enabled industrial solutions. Product sales remained the dominant source of revenue, accounting for almost 97% of the company’s operational income. Revenue from this segment surged by 37.4% to Rs 209.5 crore in FY26, compared to Rs 152.5 crore in the previous year. Additionally, revenue from services grew by an impressive 81.7% to Rs 5.27 crore in FY26.
Overall Revenue Growth
Haber also earned Rs 18 crore from other income, bringing its total revenue to Rs 233 crore in FY26, an increase from Rs 167 crore in FY25. This additional revenue helped bolster the overall financial performance, although operational revenue remained the major contributor.
Cost Management and Expenditure
When examining the cost structure, materials consumed constituted the largest expense category. This expense rose by 40% to Rs 133 crore in FY26 from Rs 95 crore in the previous year, largely reflecting the growth in product sales. Employee benefit expenses also saw an increase, rising by 52% to Rs 38 crore from Rs 25 crore. Additionally, costs associated with site labour and supervision contracts climbed by 21.4% to Rs 17 crore.
Additional Operating Costs
Other operating costs experienced significant hikes as well. Transportation expenses grew by 13.6% to Rs 10 crore, while depreciation rose by 17% to Rs 11 crore. Finance costs marginally increased by 4.3% to Rs 10 crore. Conversely, other expenses saw a decline of 11%, decreasing from Rs 29.21 crore in FY25 to Rs 26 crore.
Total Expenses and Net Loss Reduction
The cumulative effect of these cost changes ensured that the rise in total expenses did not surpass revenue growth. Haber’s total expenses increased by 28.3% to Rs 245 crore in FY26 from Rs 191 crore the previous year. The slower escalation in expenses contributed to narrowing the gap between the company’s income and expenditures, which resulted in a reduced net loss of Rs 11.24 crore.
EBITDA Margin Improvement
The firm’s EBITDA margin showed improvement, reaching -4.48% in FY26 compared to -10.53% in FY25. On a per unit basis, Haber expended Rs 1.14 for every rupee of operating revenue. Although the company has not yet achieved spending below operating revenue, these changes indicated enhanced cost controls.
Financial Standing and Future Outlook
As of March 2026, Haber reported current assets of Rs 398 crore, down from Rs 429 crore a year prior. However, cash and bank balances rose to Rs 217 crore from Rs 199 crore in FY25. The company has successfully raised over $70 million in funds, including a $44 million Series C round in December 2024.
Haber’s performance in FY26 reflects substantial progress in its operational economics, with revenue growth outpacing expense growth and a reduction in losses over the year. The enhancement in its EBITDA margin and decreased expenditure per rupee of revenue connote effective cost management, setting a foundation for sustaining this growth as the company aims for profitability.