BSEL. T. Elevator LtdLowNeutral
Announced Mon, 11 May · 14:48 IST

The Company will be hosting an investor conference call to discuss the recent acquisition of Ricardo Elevators and overall business outlook.

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹183.00
prior close
₹192.25
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AI summary

L.T. Elevator Limited reported FY26 revenue of ₹111 crore+, marking the company's first full financial year since its BSE SME listing on 19 September 2025. This represents ~97% year-on-year growth over FY25 revenue of ~₹56.5 crore, with EBITDA and PAT broadly maintained. The current executable order book exceeds ₹250 crore, spanning smart city projects, premium residential, D2C home elevators, and government infrastructure. The acquisition of Ricardo Elevators is in progress; Ricardo is PAT positive with monthly order inflows of ~₹6 crore (₹70+ crore annualised run-rate) and its financials will consolidate into L.T. Elevator from FY27. The company also completed Phase 1 of a ₹43 crore multi-level car parking project in Shillong via subsidiary LT ParkSmart, with Phase 2 underway. Management guided for continued rapid growth in FY27.

Likely market impact

The strong FY26 growth and ₹250 crore+ order book provide solid revenue visibility for FY27. The pending Ricardo merger should expand retail reach and boost D2C home elevator sales, making this a closely watched call for investors tracking the company's post-listing growth trajectory.