Horizon Reclaim Reports Strong H1 FY27 Revenue Growth

Revenue at Rs 2,817.98 crore for H1 FY27, marking 28.24% YoY growth.
Commissioned new Rajkot pyrolysis facility to diversify product portfolio.

Reader Takeaway: Strong revenue growth led by capacity expansion and facility commissioning, though expansion execution remains a key monitorable.

What just happened

Horizon Reclaim (India) Ltd has released its financial performance for the first half of the 2026-27 fiscal year. The company recorded revenue of Rs 2,817.98 crore, reflecting a year-on-year growth of 28.24%. The company noted these figures are management estimates pending final audit.

Why this matters

The growth underscores the company's successful integration of its circular economy model. The recent commissioning of the Rajkot (Unit II) pyrolysis oil facility allows the company to process waste tires into high-value outputs like pyrolysis oil, carbon char, and steel scrap. This diversification broadens its revenue streams beyond reclaimed and crumb rubber.

The backstory

Following its successful BSE SME listing on June 19, 2026, where it raised Rs 54.27 crore at Rs 103 per share, the company has focused on aggressive capacity expansion. The capital raised is being deployed to ramp up production to a planned 86,800 MTPA from its current 59,700 MTPA capacity.

Operational status

Manufacturing operations are spread across Uttarakhand and Gujarat. Capacity utilization remains high, with Unit I operating at 95% efficiency, while the newly commissioned Unit II at Rajkot has reached 50% utilization following the start of commercial sales on July 20, 2026.

What to track next

Investors should monitor the scaling of the Rajkot facility to full capacity and the impact of the ongoing expansion projects on the bottom line in the upcoming quarters as the company services demand from the footwear, automotive, and infrastructure sectors.