Transcript of Q4 & FY26 Earnings Conference Call held on Thursday, May 7, 2026
RSWM · price
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RSWM Limited reported a strong operational turnaround in FY26, moving from a loss of ₹41 crores to a profit of ₹52 crores. Full-year revenue stood at ₹4,554 crores (down 5.6% YoY) while EBITDA surged 40.5% to ₹327 crores with margins expanding 231 basis points to 7.1%. The improvement was driven by better product mix, cost control, and working capital management. The company reduced total borrowing by ₹111 crores to ₹1,510 crores while inventory and receivables declined. Management guided towards double-digit EBITDA margins and expects FY27 to deliver margin expansion driven by better utilization in denim and knit businesses. A ₹427 crore B2B recycling project (GreenPET) is underway with 70% debt funding. The promoter group also invested ₹36 crore via convertible warrants, signaling confidence in the company.
The turnaround from loss to profit with improving margins and explicit guidance towards double-digit EBITDA signals improving fundamentals. The promoter stake purchase and debt reduction further strengthen the balance sheet, making this a positive development for shareholders ahead of expected demand recovery.