Announced Mon, 24 Aug · 14:44 IST

Q1 FY27 Earnings Call: Margin Reset, Nashik Project Update

Mgmt Guided Margin ImprovementMgmt Guided Margin PressurePromoter Disclosed Acquisition PlansOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF Explain this filing

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Price reaction · full curve 14 horizons · vs prior close

+5.3%1-day move

₹158.00

prior close

₹161.35

base price

In-mkt

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AI summary

Q1 FY27 sales Rs81.71 crore versus Rs53.34 crore prior year. EBITDA Rs6 crore up 51%, margin 9.83% versus 7.53%. PAT Rs4.35 crore up 51%. Management cut near-term EBITDA guidance to 7 to 7.5%, said Q1 margins not sustainable due to old recoveries, inventory gains, and strong service volumes. Long-term aspiration 9.5 to 11% by FY29 and 14 to 16% in 4 to 5 years. Nashik Cluster Development Programme likely awarded this month, requiring Rs75 crore own spend with Rs24 crore government subsidy. Revenue target Rs2,000 crore by 2031.

Likely market impact

Near-term margin guidance reset is negative. Nashik project award and INR2,000 crore aspirational target support long-term story.