• The document is a regulatory filing submitted to BSE Limited and The National Stock Exchange Limited, enclosing a transcript of the Earnings Conference Call pertaining to H1 FY27 financial results.
  • The earnings call was held on November 4, 2026, and was moderated by Mr. Ayush Divecha from Investor Relations-Merlin Capital Advisors.
  • Management participants included Mr. Yash Shah (Joint Managing Director) and Mr. Manoj Shah (Chief Financial Officer) of Baheti Recycling Industries Limited.
  • The stated purpose of the call was to discuss H1 FY27 financial results and provide a business update. The transcript has been uploaded on the company's website (www.bahetiindustries.com).
  • The company disclosed strong H1 FY27 financial performance:
  • Revenue from operations: ₹528.47 crore (67.69% YoY growth from ₹315.14 crore in H1 FY26)
  • EBITDA: ₹42.37 crore (99.48% YoY growth from ₹21.24 crore)
  • EBITDA margin: 8.02% (improved by 128 basis points from 6.74%)
  • Profit after tax: ₹19.08 crore (105% YoY growth from ₹9.27 crore)
  • PAT margin: 3.61% (improved by 67 basis points from 2.94%)
  • Diluted EPS: ₹18.26 (compared to ₹8.94 in H1 FY26)
  • Total production: 13,081 metric tonnes
  • EBITDA per metric tonne: ₹32,400 (improved from ₹26,536 in previous financial year)
  • Key strategic updates and guidance:
  • Revised FY28 revenue guidance upwards to over ₹1,300 crore (from previous ₹1,100 crore)
  • Targeting 75% utilization of 40,800 tons capacity in FY27, and 80-85% in FY28
  • Upcoming aluminium wire rod division with planned scale-up to 25,000 tonnes
  • Received in-principle approval for migration to Mainboard from both NSE and BSE
  • Commissioned 1.56 MW captive solar plant expected to generate annual savings of ₹1.8 crore
  • Operational highlights:
  • Facilities now operate entirely on electric furnaces and TRFs
  • Focus on increasing volumes, improving value addition, and strengthening profitability
  • Expanding into value-added products including aerospace aluminum alloys
  • Maintaining carbon emission data according to US standards since 2020
  • Client relationships mentioned:
  • Steel plants: ArcelorMittal, Tata Steel
  • Automobile: Bajaj, TVS, Royal Enfield, and their die-casters (Minda, AST Automotive, Endurance Technologies, CIE Automotive, Ashley Allteams, Motherson, Minda Industries, Shriram Piston)
  • Electrical appliances: Siemens, Phillips, and their die-casters (Sigma Electrical, ESCO Casting)
  • Transmission industry: International Transmission Limited
  • Piston industry: Shriram Piston, India Piston Limited, Federal Mogul
  • Order book and working capital:
  • H2 FY27 order book of approximately ₹300 crore
  • Debtors at ₹135 crores due to new client additions
  • Borrowings at approximately ₹310 crores with no immediate plans for additional debt
  • Working capital cycle impacted by inventory build-up for OEM onboarding

Additional Notes Section

  • The document includes the complete transcript of the earnings conference call as an enclosure.
  • The transcript contains detailed financial data for H1 FY27, including revenue, EBITDA, PAT, margins, production metrics, and per-tonne profitability.
  • The company indicated that the call contained forward-looking statements subject to uncertainties.