Outcome of Analyst meet and discussion on future business outlook.
Price
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L.T. Elevator achieved landmark FY26 results crossing INR100 crores revenue for the first time at INR111.7 crores (up ~100% YoY) with PAT of INR17+ crores. The company targets ~80% revenue growth for FY27, aiming to exit at 100+ B2C elevators per month. A new INR25 crore facility on 6.5 acres (commissioning Q4 FY27) will boost capacity for INR350-400 crores revenue by FY28-29. The pending Ricardo Elevators merger (filing end-May) brings INR70-80 crores order book; FY27 revenue mix planned at 35% B2C, 30-35% B2G, 30% B2B, 5% exports. Management targets sustainable 25% EBITDA margins with B2C gross margins of 58-60% vs 50% for B2B/B2G. An acquisition in car parking space (international patent holding company) is expected to close in H1 FY27. Raw material price increases are being offset via price hikes and government contract escalation clauses.
Strong growth trajectory with 80% FY27 guidance supported by B2C shift and Ricardo merger; new facility and acquisition plans position for multi-year expansion though working capital and capacity execution remain near-term risks.