Haber's revenue jumps 39% to Rs 215 Cr in FY26, net loss halves

Industrial automation company Haber grew its revenue from operations 38.7% to Rs 215 crore in FY26, up from Rs 155 crore the previous year — and its net loss shrank by more than half. The figures come from the company's consolidated financial statements filed with the Registrar of Companies (RoC).

Revenue growth outpaced total expenses, which rose a slower 28.3%. That gap did the heavy lifting: net loss narrowed 53% to Rs 11.24 crore in FY26.

Where does Haber's money come from?

Product sales dominate. Haber sells chemicals alongside software-enabled industrial solutions, and products contributed nearly 97% of operating income in FY26.

Product revenue climbed 37.4% to Rs 209.5 crore from Rs 152.5 crore a year earlier. Services grew faster but from a small base — up 81.7% to Rs 5.27 crore.

The company also booked Rs 18 crore in other income, pushing total revenue to Rs 233 crore in FY26 against Rs 167 crore in FY25.

The takeaway: Haber is overwhelmingly a product business, and that business is scaling fast.

What happened to costs?

Materials consumed remained the biggest expense line, rising 40% to Rs 133 crore from Rs 95 crore — largely tracking product sales growth.

Other cost lines moved in different directions:

• Employee benefit expenses rose 52% to Rs 38 crore from Rs 25 crore
• Site labour and supervision contract costs grew 21.4% to Rs 17 crore
• Transportation expenses increased 13.6% to Rs 10 crore
• Depreciation rose 17% to Rs 11 crore
• Finance costs edged up 4.3% to Rs 10 crore
• Other expenses fell 11% to Rs 26 crore from Rs 29.21 crore in FY25

Total expenses reached Rs 245 crore in FY26, up from Rs 191 crore. Because that 28.3% increase sat below the 38.7% revenue growth, the gap between income and expenditure narrowed — and the loss followed it down.

How close is Haber to profitability?

Closer, but not there yet. EBITDA margin improved to -4.48% in FY26 from -10.53% in FY25 — a swing of roughly six percentage points in one year.

On a unit basis, Haber spent Rs 1.14 for every rupee of operating revenue. The company hasn't brought spending below operating income yet, but the ratio shows tighter cost control.

The one-line read: losses are shrinking because revenue is outrunning costs, not because costs are standing still.

What does the balance sheet look like?

Current assets fell to Rs 398 crore as of March 2026 from Rs 429 crore a year earlier. Cash and bank balances moved the other way, rising to Rs 217 crore from Rs 199 crore in FY25.

Haber has raised over $70 million to date, including a $44 million Series C round in December 2024. That cash cushion gives the company runway as it works toward profitability.

The test now is whether Haber can keep expense growth below revenue growth while it scales — FY26 proved the model works for one year; sustaining it is the next step.