Submission of Earning Call Transcript

Emmforce Autotech reported FY26 revenue of INR 113 crores, up 27% YoY, with EBITDA at INR 23 crores (~20% margin, up 28% YoY) and PAT around INR 8 crores. The company has a multi-year order book exceeding INR 500 crores, including a INR 470 crore US export order now in full production and contributing ~INR 60 cr/year from FY27. New growth areas include hydraulic gear pumps (5-year R&D launch) and the agri division, where TAFE approval for rotavator blades was secured in January 2026. Subsidiary EMSPL (forging) turned profitable in its first year. Management is guiding FY27 revenue of ~INR 195 crores (Auto INR 165 cr + Agri INR 30 cr) and FY28 of ~INR 240 crores, with EBITDA margins maintained at 20–22% and PAT margins around 10%. Current capacity utilization is only 50–55% in auto and 8–10% in agri, against installed capacity of ~INR 350 crores, giving meaningful operating leverage room.