Q2 FY27 call: revenue rebound, large order book and FY28-FY29 targets
SHILCTECH · price
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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 revenue was Rs 192.61 crore, up 43% from Q1. Operating profit before depreciation, interest and tax was Rs 40.06 crore; margin improved to 20.8% from 16.4%. Orders: over Rs 550 crore. FY27 targets: Rs 750 crore sales, over Rs 200 crore operating profit. Added 6,500 MVA transformer capacity is due for commissioning in April 2027. Sales targets: Rs 1,000 crore in FY28 and Rs 1,250-1,500 crore in FY29. Management is exploring acquisitions.
Orders, exports and capacity support growth. Acquisition exploration adds optionality, but costs, logistics and ramp-up risks may limit margins.