Nelcast Q1FY27 results: Revenue up 2.8% YoY, margins under pressure
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Q1FY27 revenue grew 2.8% YoY to Rs 345.4 Cr supported by healthy tractor and commercial vehicle demand. However EBITDA fell sharply to Rs 20.1 Cr (margin 5.8% vs 9.6%) and PAT dropped to Rs 5.1 Cr from Rs 12.5 Cr, hit by elevated raw material costs and labour issues. EBITDA/kg at Rs 9.5 vs Rs 14.7. Exports rose 8.2% sequentially to Rs 113.3 Cr. Management expects EBITDA/kg to recover via higher utilization, new product ramp-up from Q2FY27, better mix, and price revisions.
Weak Q1 results; management guides margin recovery from Q2FY27 through new products, mix improvement, and price hikes.