Financial Highlights
- Consolidated Revenue: ₹521 crores in Q1 FY27 (highest-ever Q1 revenue)
- EBITDA: ₹109 crores with EBITDA margin of 21.0%
- Profit After Tax: ₹70 crores with PAT margin of 13.5%
- Open Order Book (as of 30th June 2026): ₹1,518 crores, representing 37% YoY growth
- Order Intake (Q1 FY27): ₹755 crores
Segment-wise Performance
Gear Division:
- Revenue: ₹416 crores, up 16.3% YoY from ₹357 crores in Q1 FY26
- EBIT: ₹75 crores with EBIT margin of 17.9%
- Order Intake: ₹570 crores, up 18.8% YoY
- Open Order Book: ₹1,043 crores, up 46.9% YoY
Material Handling Equipment (MHE) Division:
- Revenue: ₹105 crores, down 2.9% YoY
- EBIT margin: 25.6%
- Order Intake: ₹185 crores, up 38.1% YoY
- Open Order Book: ₹475 crores, up 18.8% YoY
- Secured overseas order in Port industry: ₹21 crores during the quarter
Geographical Revenue Split
- Domestic Revenue: ₹370 crores (vs ₹367 crores in Q1 FY26)
- Overseas Revenue: ₹151 crores (vs ₹124 crores in Q1 FY26), representing 29% of consolidated revenue and 21.9% YoY growth
Management Commentary
Shri Prayasvin B. Patel, Chairman & Managing Director, commented on the resilient performance, noting disciplined execution and operational resilience. He highlighted strong revenue visibility from the robust order book and early signs of recovery in international markets. The company remains focused on expanding global presence while capitalizing on domestic opportunities.
Adjusted Figures Disclosure
The growth was recorded against adjusted Q1 FY26 figures that excluded:
- One-time arbitration income of ₹25 crores in Revenue & EBITDA
- ₹10 crores (pre-tax) of arbitration claim settlement in Other Income
- ₹80 crores (net of tax) unrealized mark-to-market gain on reclassification of investment booked as Exceptional Income
Historical Financial Context
The presentation includes historical financial data from FY23 to FY26 showing:
- Revenue CAGR of 15.6% from FY23 to FY26
- PAT CAGR of 12.8% from FY23 to FY26
- Strong balance sheet with Debt to Equity ratio of 0.12x as of FY26