RACL Geartech Limited has informed the Exchange about Transcript
RACLGEAR · price
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RACL Geartech reported strong Q3 FY25-26 results with revenue of ₹134 crores, up 22% YoY, EBITDA margin improving to 24.93% (from 22.86%), and PBT surging 92% YoY to ₹19.65 crores. For FY26-27, management guided for revenue of ₹565 crores (±5%) — roughly 17% growth — backed by CAPEX of ₹77.45 crores, largely for heat treatment upgrades and capacity expansion at Gajraula and Noida. Key order wins include a new ZF electric power steering project for trucks (exported to Mexico/North America), the BMW Venus plant ready for SOP by end of FY26, and a two-wheeler premium customer doubling orders from 10,000 to 20,000 units. The EU-India FTA and supply chain shift away from China are flagged as tailwinds, though ROAD export benefits have been halved (~₹1 crore annual hit) and exact BMW revenue contribution remains undisclosed.
Strong quarterly performance, margin expansion, and a visible project pipeline (BMW, ZF, premium two-wheeler) point to continued growth momentum for shareholders, though near-term risks include ROAD benefit cuts and execution complexity from multiple new project ramps in FY26-27.