RACL Geartech Limited has informed the Exchange about Transcript
RACLGEAR · price
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RACL Geartech filed the transcript of its Q1 FY25-26 earnings call held on August 22, 2025. Revenue for the quarter was ₹107.96 crore, up about 2% YoY, with exports contributing ₹65.5 crore (60.31%) and domestic ₹28.2 crore. EBITDA rose 20% YoY to ₹26.8 crore, with margin expanding to 24.83% from 21.11%, helped partly by a ₹7+ crore FX gain from euro appreciation. PBT grew 33% YoY to ₹11.25 crore, with PBT margin at 10.42%. Management disclosed a new premium two-wheeler OEM nomination (commercial supply from Feb 2026), a 150,000 parts/year shifting mechanism order from BRP Canada, approval as a vendor with BHEL, and a new electric steering system project from ZF Rane for an American pickup truck. Two new directors — retired IAS officer Pravir Kumar and veteran Rakesh Kapoor — were inducted. KTM production has resumed post-shutdown and is ramping up, while the TVS-Norton bike is set for commercial launch in November 2025.
Margin expansion in Q1 (EBITDA +370 bps YoY) and a visible pipeline of premium-tech wins (ERC, AKC, steer-by-wire, BMW park-lock, auto-shift) support the growth narrative, though management acknowledged several futuristic projects are scaling slower than initially expected. Short-term stock reaction is likely positive on the margin beat and order disclosures, with continued dependence on ramp-up of European and EV-adjacent programs for sustained re-rating.