Enclosed the presentation for Q4 Analyst Call
ELGIEQUIP · price
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Elgi Equipments reported Q4 FY26 revenue of INR 11,126 Mn, up 12% year-on-year, with PBT growing 17% to INR 1,635 Mn. EBITDA came in at INR 1,739 Mn with margins improving to 15.6% from 15.0% in Q4 FY25. The company provided EBITDA reconciliation showing sales grew 12% but contribution was impacted by product mix and 1.2% tariff impact; employee costs rose INR 294 Mn (17%) and other expenses increased INR 134 Mn (8%) partly due to wage code changes. Net cash position strengthened significantly to INR 6,207 Mn from INR 4,188 Mn a year ago. Geographic mix shows compressors account for ~92% of sales, with India and Rest of World contributing roughly equally.
Strong revenue growth with margin improvement and a significantly stronger balance sheet (net cash up 48% YoY) are positives for shareholders. However, the management acknowledged cost pressures from wage increases and tariffs that impacted profitability, which investors should monitor going forward.