Hirect Q1FY27 Investor Presentation: Margin Pressure, New Order Wins

Mgmt Guided Margin PressureMgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF Explain this filing

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AI summary

HIRECT shared Q1FY27 results. Standalone revenue rose 10% YoY to Rs 236.4 crore, PAT up 18% to Rs 15.1 crore (includes Rs 3.5 crore gain from Dehradun plant sale). Consolidated revenue grew 20% to Rs 258.4 crore but EBITDA fell 45% to Rs 13.2 crore as Elventive France integration hit margins (5.1% versus 11.3%). Order book is healthy at Rs 739.8 crore. Management expects margin pressure for 3-5 quarters before improvement. Won first MEMU and Vande Metro development orders worth about Rs 120 crore, plus first US orders for traction motors and mining converters.

Likely market impact

Margin pressure expected for 3-5 quarters from Elventive integration. Rs 740 crore order book, first MEMU and Vande Metro wins, plus US entry support long-term growth.