Earning Call Transcript of Concall held on June 3,2026.
FRONTSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Frontier Springs reported a strong FY26 with revenue from operations of ₹322.06 crore, up 39.22% YoY from ₹231.34 crore, surpassing its ₹375 crore target. EBITDA grew 73.80% YoY to ₹86.31 crore with margins expanding 533 bps to 26.80%, while PAT jumped 76.88% to ₹61.31 crore (EPS of ₹51.07). Q4 FY26 revenue stood at ₹82.54 crore (up 17.7% YoY) with EBITDA margin at 28.51%. Management guided for FY27 revenue of ~₹500 crore (30% growth) backed by an order book of ₹300-370 crore and ~70% capacity utilization. The company is scaling its forging division with a new 6-ton hammer, ramping air springs via its Quant-Technik MoU, and preparing to commercialize its indigenous FIBA brake system after RDSO approval. Planned CAPEX is ₹20-25 crore in FY27, with no term loans on the books.
Strong FY26 execution and a clear 30% growth target for FY27 should be positive for sentiment, though margin guidance of 23-24% (down from 26.80% achieved) signals some near-term pressure from elevated steel and energy costs. The FIBA product launch and forging capacity addition are potential medium-term growth catalysts, while Railway capex of ₹2.65 lakh crore provides multi-year demand visibility.