Transcript of the Earnings Conference call

Dachepalli Publishers reported strong Q4 FY '26 results with total income of INR 35.85 crores (up 93.8% YoY) and FY '26 income of INR 91.39 crores (up 42.2% YoY). EBITDA for FY '26 stood at INR 23.52 crores with margins expanding 524 basis points to 25.7%, while PAT was INR 15.20 crores (up 81.8%) with margins at 16.6%. Management attributed margin improvement to lower paper prices (down from INR 120/kg during COVID to INR 65/kg), bulk manufacturing under uniform curriculum post new education policy, and free technology bundled with textbooks increasing school adoption. The company is scaling its e-commerce platform 'Pelican Edu Supply' to 100-150 schools in FY '27 from 50 currently, and adding uniform (50% EBITDA margins) to the mix. Printing capacity utilization improved to 75% from 40% with 85% in-house production.