Please find attached transcript of the earning conference call conducted on Tuesday, November 11, 2025 for the 2nd quarter and half year ended 30th September, 2025 (Q2HY26)
BATLIBOI · price
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Batliboi reported a strong Q2 FY26 with revenue from operations at INR 121 crore, up sharply from INR 70 crore in Q1, while EBITDA jumped to INR 11 crore (from INR 24 lakh) and profit after tax swung to INR 6 crore versus a INR 2 crore loss in Q1. The order backlog grew to INR 621.44 crore as of September 2025, up from INR 490.29 crore in Q1 and INR 412 crore a year ago, with management targeting over INR 1,000 crore in order inflows for FY26. Performance was broad-based: machine tools, Canadian subsidiary QuickMill (which turned profitable at INR 3.23 crore), and environmental engineering all delivered, while textile machinery continued to face headwinds from US tariffs, EU weakness, and Bangladesh political uncertainty. Management reaffirmed 10-12% growth in both top-line and bottom-line for the full year and is pursuing export expansion into the Gulf, Vietnam, Indonesia, Uzbekistan, and Egypt.
The sharp sequential revenue and profit recovery, combined with a growing order book and reaffirmed full-year guidance, signals improving business momentum that should be viewed positively by shareholders. However, textile sector risks and the deliberately conservative 10-12% growth guidance (despite a much larger order book) suggest management wants to under-promise, leaving room for potential upside surprises.