Q1 FY27 Earnings Call: Record Revenue, US Expansion via Project Mayflower
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Q1 FY27: record revenue Rs 141.8 cr (+85% YoY), EBITDA Rs 41.6 cr (+118%) at 29.4% margin versus 24.9%, PAT Rs 25.2 cr (+183%). Transfer cases +93% YoY; Indonesia order of 70,000 units progressing. Launched US subsidiary Project Mayflower in South Carolina (about $5M initial), commissioning H2 CY28. South Africa shipments expected FY29, manual transmission from next year, automatic transmission (Rs 300-400 cr potential) by H2 CY28. EV transmission run rate rising to Rs 10-12 cr per quarter from Rs 7-8 cr.
Strong beat on revenue and margins signals sustained momentum. Order pipeline and US expansion plans support growth, execution of new programs is the key risk.