S H Kelkar and Company Limited has informed the Exchange regarding a press release dated August 08, 2025, titled Press Release in respect of Unaudited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2025.
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Awaiting price reaction for this filing.
S H Kelkar reported Q1 FY26 consolidated revenue from operations of Rs. 580.6 crore, up ~14.8% versus the H1 FY25 average (Q1 FY25 was distorted by a fire-related disruption). Reported EBITDA stood at Rs. 76 crore with margin of 13.2% (vs 17.8% in Q1 FY25), though adjusted for ongoing strategic growth investments, margin was ~16%. Gross margin improved 94 bps quarter-on-quarter to 42.4%, moving closer to the company's 43–45% longer-term range. Management guided that margins are expected to strengthen in H2 FY26 and more meaningfully from FY27 onwards. Net debt stood at Rs. 641 crore (down Rs. 17 crore QoQ), with a Rs. 200 crore capex plan funded by debt and internal accruals, and a Rs. 95 crore interim fire-insurance claim received during the quarter.
Near-term margins remain soft due to growth investments and Europe softness, but the management guidance signals a recovery path from H2 FY26, which could support sentiment if execution holds. Fire insurance inflows and planned debt reduction below March 2024 levels by year-end are incremental positives for the balance sheet.