Disclosure on Financial Highlights H2 & FY26
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Systematic Industries Limited reported FY26 total revenues of INR 5,563 Mn, up 23.9% YoY, surpassing the INR 5,500 Mn milestone. EBITDA grew 7.1% to INR 405 Mn, while PAT increased 16.4% to INR 210 Mn. However, EBITDA margin compressed 94bps to 7.3% and PAT margin fell 24bps to 3.8% due to input cost pressures. The company achieved net-debt free status as of March 31, 2026. Key wins include a first EPC contract from Power Grid Corporation for OPGW cables and a landmark INR 100 Mn+ order from Indian Railways for optical fibre cables. Management highlighted a robust order pipeline of INR 250 Mn and upcoming OPGW tenders worth ~INR 10,000 Mn in FY27.
Strong top-line growth driven by infrastructure demand is offset by margin compression, indicating cost pressures despite volume growth. The net-debt free status and robust order pipeline provide financial flexibility and visibility, which could support near-term re-rating if margin pressures ease with a richer product mix.