Earnings Call Transcript Summaries

Enviro Infra Engineers Ltd EIEL Q1FY27 📝 Transcript · Utilities

Filed 17 Aug 2026

EBITDA margin at 21.07%, down from 26.65% in Q1 FY26 due to raw material cost and project mix
Q1 FY27 revenue grew 49% Y-o-Y to INR359.2 Cr; EBITDA rose 17.87% to INR75.7 Cr
EBITDA margin guidance lowered to 21-22% for FY27; renewable segment margins 15-18%
HAM portfolio expanded to 5 projects with 15-year O&M
Revenue guidance INR2,000 Cr for FY27 with PAT target INR260-270 Cr
Expect 25-30% growth over next 2-3 years maintaining healthy margins

Viyash Scientific Limited VIYASH Q1FY27 📝 Transcript · Healthcare

Filed 16 Aug 2026

API flat q-o-q due to timing; strong rebound expected in Q2; Animal API capacity expanded with US approvals
FY27 capex Rs. 250-300 Cr; focus on R&D, manufacturing, and selective inorganic growth
Q1 FY27 revenue Rs. 946 Cr +20% y-y; EBITDA Rs. 205 Cr +59% y-y; margin 21.6% +530 bps y-y; PAT Rs. 79 Cr +115% y-y
High potent oncology API/formulation R&D progressing; revenues expected from 2029 onwards
Minority interest ~17% of profits; plans to acquire full ownership in 1-2 years
Animal Health formulation strong growth; domestic market +60%; new product launches and geo-expansion ongoing

Amara Raja Energy Mobility Ltd ARE&M Q1FY27 📝 Transcript · Automobile and Auto Components

Filed 14 Aug 2026

BESS plant capex INR 250-300 Cr, 10 GWh capacity; operating margin expected 5-8%
Lead acid volume growth guidance mid to high single digits; new energy business growing rapidly
FY27 capex estimated at INR 1,700 Cr, mostly for new energy business; Giga 1 plant on track for H1 FY28
Q1 FY27 consolidated revenue grew 24% to INR 4,215 Cr; lead acid up 22%, new energy up 70%
EBITDA margin: standalone 10.1%, consolidated 9.6%; margin impacted by material costs and strategic investments
Lithium-ion cell tech evolving moderately; R&D spend INR 100-150 Cr planned in FY27

Wakefit Innovations Limited WAKEFIT Q1FY27 📝 Transcript · Consumer Durables

Filed 14 Aug 2026

Raw material inflation impact to fully reflect in H1 FY27; calibrated price hikes taken; gross margin compression expected ~100 bps in H1
Capex guidance Rs. 100-120 Cr in FY27, 80% for retail expansion, 20% for manufacturing automation
Q1 FY27 revenue grew 16.6% y-y to Rs. 405 Cr; EBITDA up 25.2% y-y to Rs. 56 Cr with 13.9% margin; PAT rose 19.2% y-y to Rs. 23.3 Cr
Added 27 new company-operated stores in Q1, total 165 stores across 100 cities; FY27 target 80 new stores
Market share in organized mattress segment estimated ~10%; aim to increase 4-5 percentage points over 3-5 years
No further price hikes planned barring unforeseen raw material cost increases

Power Grid Corporation of India Limited POWERGRID Q1FY27 📝 Transcript · Power

Filed 14 Aug 2026

Capex guidance Rs. 37,000 crore; Q1 capitalization Rs. 5,277 crore, over 3x Q4 FY26
Q1 FY27 consolidated transmission charges increased 3% to Rs. 10,905 crore; PAT at Rs. 3,598 crore, down 1% due to regulatory drag
BESS projects included under transmission; petitions filed for regulatory approval
Grid strengthening projects awarded via RTM or bidding; One Sun, One World, One Grid integration progressing
Equipment supply constraints easing with increased OEM capacity and new players
Strong order pipeline of Rs. 1.19 lakh crore; Rs. 7.9 lakh crore transmission capex planned by 2035-36

Quality Power Electrical Equipments Limited QPOWER Q1FY27 📝 Transcript · Capital Goods

Filed 14 Aug 2026

Q1 FY27 revenue INR256.4 Cr; EBITDA INR64.7 Cr (25.2% margin); PAT INR46.7 Cr; EPS INR4.66
FY27 revenue growth guidance 20%; EBITDA margin guidance ~20%
Multiple analyst queries on margin trajectory and capacity ramp-up addressed
Winwin Speciality Insulators acquisition progressing; consolidation expected Q4 FY27
Order book INR1,945 Cr (~1.9x last year's revenue), execution over next 15 months
Procurement consolidation underway to improve cost efficiency

Pennar Industries Limited PENIND Q1FY27 📝 Transcript

Filed 14 Aug 2026

PEB India order book at INR1,008 Cr; PEB US backlog crossed USD100M; both expected double-digit growth in Q2
Q1 FY27 revenue grew 3.58% y-y to INR884.55 Cr; PBT up 16.04% to INR46.8 Cr
Engineering Services grew 26.3% in Q1; Tech Pennar expected to improve from Q2
Operating margins expected to reach 7% PBT in 2-3 years; ROCE target 25%
Order backlog strong across segments; capacity ready to execute growth
Employee costs rose 16%, mainly due to US expansion; finance cost stable

Anupam Rasayan India Limited ANURAS Q1FY27 📞 Audio · Chemicals

Filed 14 Aug 2026

Flow chemistry commercialization of ETFA expected to deliver better-than-average margins due to cost efficiencies and value creation.
Major capex cycle completed; FY27-28 capex expected ~₹70-80cr, mainly maintenance/repurposing; no significant capex for Jayhawk expected.
EBITDA margin guidance: standalone 24-26%, consolidated 20-24% over next 2-3 years.
FY27 seen as first full year of GEOC (Jayhawk) integration, boosting global specialty chemicals platform.
LOI with Baskov for ~$300mn over 10 years, commercialization starting FY27 H2, ramping over 2-3 years.
Organic revenue growth guidance of 20-25% plus 10-15% from Jayhawk addition for FY27.

KSH International Limited KSHINTL Q1FY27 📝 Transcript

Filed 14 Aug 2026

Installed capacity 43,445 MT; phase 2 expansion to 59,000 MT by FY27 end; utilization improved to 73.5%
New upcast facility commissioned with 5,000 MT capacity for copper scrap recycling, modest efficiency gains expected
Capacity expansion phase 2 capex ~INR 150-160 Cr; additional land acquisition planned for future expansion
Q1 FY27 revenue 1164 Cr +108% y-y; EBITDA 74.4 Cr (up from 40.3 Cr Q1FY26); PAT 42.2 Cr +86% y-y
EBITDA per ton at INR 93,000 in Q1, up from INR 66,000 Q1FY26; sustainable level guided at INR 75,000 per ton for FY27
Export revenue grew 76% y-y; exports contributed ~27% of revenue; target to reach ~40% over time

Ceigall India Limited CEIGALL Q1FY27 📝 Transcript · Construction

Filed 14 Aug 2026

Capex Q1 FY27: 14cr; full year guidance 30-35cr
Q1 FY27 standalone revenue 901cr +10.2% y-y; EBITDA 121cr, margin 13.4% (11.4% Q1 FY26); PAT 75cr, margin 8.4% (6.8% Q1 FY26)
Equity infusion planned: 859cr in FY27 (310cr solar, 550cr HAM), 744cr in FY28
Revenue growth guidance raised to minimum 15% for FY27
Order inflows expected to accelerate in Q3-Q4; INR600cr booked in Q1
Margins expected to remain 11-12.5%; no one-offs in Q1

Hitachi Energy India Limited POWERINDIA Q1FY27 📝 Transcript · Capital Goods

Filed 14 Aug 2026

Data center orders growing; multiple wins including 40x2500 kVA project in Hyderabad
HVDC revenue contribution in Q1 is low; pipeline remains strong with new bids expected
Commodity cost pass-through largely managed; product mix impacts gross margin YoY
Q1FY27 order intake INR 5,096.5 crs; 26.1% YoY growth excluding HVDC
Revenue grew 68.6% YoY to INR 2,493.7 crs; EBITDA INR 399.9 crs (+135% YoY)
Profit before tax margin 15.6%, profit after tax margin 11.8%

Jyoti CNC Automation Limited JYOTICNC Q1FY27 📝 Transcript · Capital Goods

Filed 14 Aug 2026

Capex for FY27 expected INR200-250 Cr; plant utilization at 86% in Q1
Q1 FY27 standalone revenue grew 37% y-y to INR509 Cr; EBITDA margin 28.4% adjusted for forex losses
Huron revenue impacted by accounting change; FY27 revenue guidance INR300-325 Cr with 8-10% EBITDA margin
Management confident of 25-30% revenue growth and 25% EBITDA margin for FY27
Sold 1,406 machines in Q1 FY27 vs 1,117 last year; entry-level machines increased
New manufacturing facility to start by end-Sept 2026, adding 10,000 machine capacity

GE Vernova T&D India Limited GVT&D Q1FY27 📝 Transcript · Capital Goods

Filed 14 Aug 2026

Gross margin at 41.3%, down 4% from FY26 due to lower exports, commodity prices, and HV business ramp-up
Q1 FY27 revenue grew 38% y-y to INR18.4bn; order book at INR11.4bn, down 30% y-y
Capex plan INR10bn announced; INR2.5bn dividend proposed
EBITDA margin steady at 25.1%, mid-20s guidance maintained for FY27
Profit before tax INR4.9bn, up from INR3.9bn in Q1 FY26
Management confident of INR7,000-8,000cr base orders for FY27

PNC Infratech Limited PNCINFRA Q1FY27 📝 Transcript · Construction

Filed 14 Aug 2026

Equity infusion planned Rs 226 Cr in FY27, Rs 436 Cr total for HAM projects; capex guidance Rs 150 Cr FY27
Q1 FY27 standalone revenue Rs 1,518 Cr +34% y-y; EBITDA Rs 375 Cr +167% y-y; PAT Rs 271 Cr +235% y-y
Consolidated Q1 FY27 revenue Rs 1,688 Cr +19% y-y; EBITDA Rs 524 Cr +42% y-y; PAT Rs 332 Cr; EBITDA margin 31%
New project awards include Lucknow flyover, Ganga bridge, Pantnagar airport; healthy bidding pipeline of Rs 2 lakh Cr
Working capital days 110; improvement expected with government payments
Solar project revenue expected from Q4 FY27; mining revenue targeted Rs 500 Cr FY27 and FY28

Jindal Drilling And Industries Limited JINDRILL Q1FY27 📝 Transcript

Filed 14 Aug 2026

Q1 FY27 was broadly in line with expectations; order book at INR1,310 Cr
EBITDA margin expected to increase in H2 FY27 despite revenue decline
Refurbishment cost per rig estimated at INR90-110 Cr; Pioneer rig deployment expected Oct 2026
Three rigs to be dehired in H2 FY27 for 4-6 months refurbishment, impacting revenue
Market outlook cautiously optimistic due to increased drilling activity from government initiatives
Day rates for new contracts remain under pressure; future tenders may be INR or USD denominated

JK Tyre & Industries Limited JKTYRE Q1FY27 📝 Transcript · Automobile and Auto Components

Filed 14 Aug 2026

Capacity utilization ~95% in India; expansion capex Rs.4,980 Cr underway, adding ~7% capacity by FY27 end
Raw material costs up ~20% sequentially; margins expected to improve from H2FY27 with price hikes and cost measures
Natural rubber prices softening; price hikes expected to cover RM cost increases except minor 1-2%
Management expects FY27 revenue growth in double digits (~10-11%) and operating margin around 10-11%
Domestic volumes +25% y-y; OEM volumes +42%; price hikes of ~5% taken in Q1, 8-9% expected in Q2
Mexico operations impacted by supply chain and IR issues; normalized production expected in remaining quarters

Azad Engineering Limited AZAD Q1FY27 📝 Transcript · Capital Goods

Filed 14 Aug 2026

Capex for FY27-29 planned to support contracts; next phase capex under internal review for post-FY29 growth
Q1 FY27 standalone revenue grew 26.8% y-y to INR170.5 Cr; EBITDA up 32.1% y-y to INR64 Cr; EBITDA margin expanded to 37.6% from 36.1%
Long-term revenue growth guidance reiterated at over 25% annually with strong margin profile
India's first indigenous expendable turbojet engine delivered; production scale-up expected after testing in 4-6 weeks
New 7,600 sqm Baker Hughes facility operational; multi-facility expansion progressing with full production ramp expected from Q3 FY27
Working capital days targeted to reduce from ~170-180 to 160-180 by H2 FY27

Delhivery Limited DELHIVERY Q1FY27 📝 Transcript · Services

Filed 13 Aug 2026

Structural pricing stable; no expected pricing pressure despite inflation
FY27 guidance: Express service EBITDA margin 16-18%, PTL margin to exit near 15-15.5%
Delhivery Direct GMV ahead of plan at Rs.150 Cr, expected to exceed Rs.250 Cr target for FY27
New initiatives investments mainly in Delhivery Local, growing faster than expected
Market share gains from 3PL consolidation and shift from in-house logistics
Inflation impact: fuel pass-through mostly in Q2; minimum wage increases passed gradually

Ola Electric Mobility Limited OLAELEC Q1FY27 📝 Transcript · Automobile and Auto Components

Filed 13 Aug 2026

Capex largely complete; ₹30-50 crore expected for FY27
Q1 FY27 deliveries doubled sequentially to ~39,200 units; orders ~44,000
Cell factory capacity expanded to 6 GWh; own-cell vehicles already deployed
LFP cells BIS-certified; Shakti Gen 2 with LFP to launch 15 Aug
Auto revenue grew 72% q-q to ₹455 crore; gross margin steady at 30.5%
Consolidated opex down 22% q-q to ₹333 crore; adjusted EBITDA loss narrowed to ₹195 crore

Kirloskar Oil Engines Limited KIRLOSENG Q1FY27 📝 Transcript · Capital Goods

Filed 13 Aug 2026

Pricing actions taken to offset commodity inflation; margin improvement expected as price realization lags
Standalone Q1 FY27 revenue grew 16% y-y to INR1,461 Cr; EBITDA down 4% y-y at INR165 Cr; PAT down 9% y-y at INR99 Cr
FY30 revenue target $2bn (~INR16,600 Cr) with aspiration to improve EBITDA margin beyond current levels
Export markets impacted by Middle East geopolitical issues; normalization expected in 3-6 months
Employee costs rose 40% y-y due to increments, ESOPs, and capability investments
Domestic power gen revenue up 18%, industrial 19%, distribution & aftermarket 20%; international revenue down 11%

🎙 Transcript Summaries