Highness Microelectronics Limited reported a 67% increase in net profit for the financial year ended March 31, 2026, reaching ₹410.40 lakh compared to ₹245.81 lakh in the previous year. Revenue from operations grew 15% year-on-year to ₹1,611.92 lakh, while EBITDA rose 46% to ₹661.76 lakh. The company’s profitability was bolstered by robust demand in the Defence & Aerospace, Railways, and Medical & Healthcare sectors, alongside improved operating leverage and product mix.

The Board of Directors approved the audited standalone financial results at a meeting held on May 30, 2026. For the full year, total income stood at ₹1,691.75 lakh against ₹1,417.38 lakh in FY25, while total expenses increased to ₹1,157.18 lakh from ₹1,090.78 lakh. Profit before tax for the year was ₹534.57 lakh. The statutory auditors, M/s Jain Vinay & Associates, provided an unmodified audit opinion on the financial results.

Key Financial Highlights

The second half of the fiscal year saw a significant turnaround in profitability, with net profit for H2 FY26 reaching ₹318.22 lakh compared to a loss of ₹5.34 lakh in H2 FY25. EBITDA for H2 FY26 surged 356% to ₹484.81 lakh, with margins expanding by 3761 basis points to 55.28%.

Strategic Developments

During the year, the company signed a Strategic Alliance Agreement with Axiom Manufacturing, USA, aimed at enhancing global reach and access to North and South American markets. The company also completed its Initial Public Offer (IPO), aggregating ₹216.72 lakh, with equity shares listed on the BSE SME platform effective April 2, 2026.

The board appointed M/s Satya Gandhi & Co as the Internal Auditor and M/s Chetan Mandlia & Associates as the Secretarial Auditor for FY27. Ms. Gouri Apoorva was appointed as the Company Secretary and Compliance Officer effective June 25, 2026, succeeding Mrs. Preeti Paresh Rathi.

Future Guidance and Capex Plans

Management provided an optimistic outlook for the coming fiscal years. The company targets a revenue of ₹30 crore to ₹32 crore in FY27, with an EBITDA margin of around 35% and a PAT margin exceeding 25%. For FY28, the company aims to achieve revenue of more than ₹50 crore while maintaining similar margins.

To support this growth, the company is developing a new manufacturing facility in Goa to expand its Chip-on-Glass (COG) and Film-on-Glass (FOG) production capacity. The total capex for the facility is estimated at around ₹20 crore, to be implemented in phases. The first phase investment of ₹10 crore to ₹12 crore on machinery is planned, with the second phase expected to be around ₹8 crore to ₹10 crore. Commercial production from the Goa facility is anticipated to begin in about a year. Additionally, a glass cutting line is being established at the existing Rabale facility, expected to be operational by July or August 2026.

The company currently holds an unexecuted order book of approximately ₹8.5 crore to ₹9 crore for execution in the current quarter, with confirmed projections of ₹30 crore for the next 18 months.