Transcript of Earnings Conference Call held on 27th May, 2026
PRITIKAUTO · price
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Pritika Auto Industries reported strong FY26 results with full-year revenue of INR482.95 crores (up 35.32% YoY) and Q4 revenue of INR138.46 crores (up 36.20% YoY). Production volumes reached 52,620 MT in FY26, the highest ever. However, Q4 EBITDA margin fell to 12.02% from the normal 16-17% range due to raw material price increases (4-6%), gas/energy costs, and labor cost pressures in March. Management expects margins to recover to 15-16% as raw material costs are passed through to customers with a one-quarter lag. The company targets INR600 crores revenue with 15% growth over the next two years, driven by capacity expansion (adding 7,800 MT in FY27 and 2,400 MT via LFC technology in FY28), exports to South Korea and Europe, and railway segment contributions expected from FY27. Capex of INR25-30 crores is planned for FY27, with FY28 requiring INR60-70 crores funded by a combination of debt and equity.
The stock benefits from strong revenue growth and market share gains (34% growth vs 16-17% market), but margin pressure in Q4 raises near-term concerns. Management's confidence in margin recovery and the healthy order book (over INR500 crores) provide support, while the planned equity raise for FY28 capex could dilute shareholders.