Business update for H1 FY27: revenue ₹ 2,817.98 Cr, up 28.24% year-on-year
Business update for H1 FY27: revenue ₹ 2,817.98 Cr, up 28.24% YoY.
By ScoutQuest · · 2 min read
- H1 FY27 Revenue
- ₹ 2,817.98 Cr
- Revenue Growth YoY
- up 28.24% YoY
- Capacity Utilisation
- Unit 1 utilisation 95%, Unit 2 50%
What was shared
This is a business update from Horizon Reclaim (India) Ltd for the half year ended September 30, 2026. The company recycles used rubber, such as old tyres, tubes, tread peelings and industrial scrap, into reclaimed rubber, crumb rubber and, more recently, pyrolysis products. Its sales are mainly to other businesses, largely in north-western India.
H1 FY27 performance
- Revenue: ₹ 2,817.98 Cr
- Year-on-year growth: 28.24%
The company states that these figures are management estimates and are subject to final audit adjustments, so they are to be read as management numbers for the period.
Operating picture
- Installed capacity: 59,700 MTPA
- Planned capacity with ongoing expansion: 86,800 MTPA
- Capacity utilisation at Unit 1: 95%
- Capacity utilisation at Unit 2: 50%
The two units are running at very different levels, with one close to full use and the other at half. Planned capacity sits above what is installed today, which points to expansion work still under way.
Rajkot pyrolysis facility
The company commissioned a pyrolysis oil facility at Rajkot (Unit II) and began commercial sales from July 20, 2026. The plant converts waste tyres into pyrolysis oil, carbon char and steel scrap, taking the recycling model beyond rubber into new product lines.
Listing and IPO
The company listed on the BSE SME platform on June 19, 2026, through an IPO of ₹54.27 Cr. The issue was subscribed 304.11 times. Management said the listing strengthened the balance sheet and is funding capacity expansion.
How to read this update
The note gives a picture of scale: installed and planned capacity, unit-wise utilisation, and revenue growth for the half year. The pyrolysis plant adds a fresh revenue line alongside reclaimed and crumb rubber. For a fuller view, the statutory results and the pace at which the second unit fills up would be the things to track, since a low-utilisation unit pulls down overall asset productivity.
Also from Horizon Reclaim (India)
Revised H1 FY27 business update: revenue ₹28.17 Cr, capacity to rise to 86,800 MTPA
19 Oct 2026
More numbers
- H1 FY27 revenue₹ 2,817.98 Cr
- Revenue year-on-year growth28.24%
- Installed capacity59,700 MTPA
- Planned capacity86,800 MTPA
- Capacity utilisation – Unit 195%
- Capacity utilisation – Unit 250%
- IPO size₹54.27 Cr
- IPO subscription304.11 times
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