Kusumgar Q1 Revenue Surges 102% YoY

Revenue increased 102% YoY to ₹2,472 Mn in Q1 FY27, driven by execution ramp-up on finished parachutes contracts
Capacity utilization is trending upward across manufacturing facilities, supporting operating leverage
Product portfolio comprises 1,000+ unique SKUs focused on synthetic, functional and performance fabrics
Company operates 6 manufacturing facilities in India with vertically integrated capabilities including preparatory & weaving, processing, coating & lamination, and fabrication
Total workforce of 2,077 employees

Execution of parachute contracts and upward trend in manufacturing capacity utilization

Majority business from aerospace and defence segment with diversification across automotive and activewear segments
Steady growth in automotive and industrial segment by providing customized solutions

Growth driven by execution of parachute contracts in aerospace and defence segment

Revenue: ₹2,472 Mn

EBITDA: ₹759 Mn

PAT: ₹426 Mn

EBITDA Margin: 31.1%

PAT Margin: 17.2%

YoY/QoQ comparison:

Revenue: +102% YoY, -21% QoQ (from ₹3,128 Mn in Q4 FY26)
EBITDA: +181% YoY, -41% QoQ (from ₹1,287 Mn in Q4 FY26)
PAT: +542% YoY, -48% QoQ (from ₹820 Mn in Q4 FY26)
EBITDA Margin: 31.1% vs 22.0% YoY (+910 bps), vs 41.1% QoQ (-1,000 bps)
PAT Margin: 17.2% vs 5.2% YoY (+1,200 bps), vs 26.0% QoQ (-880 bps)

Drivers of financial performance:

Higher revenue growth driven by parachute contract execution
Richer, higher-margin product mix driving margin expansion
QoQ moderation due to lower operating leverage as revenue normalized off elevated base

| Metric | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 |

| Other Income | 14 | 39 | -65% | 130 |

| Total Income | 2,486 | 1,263 | 97% | 3,258 |

| Cost of Materials | 910 | 419 | 117% | 1,152 |

| Cost of service | 10 | 21 | -55% | 21 |

| Employee cost | 206 | 210 | -2% | 226 |

| Other expenses | 601 | 343 | 75% | 572 |

| Finance Cost | 62 | 69 | -11% | 50 |

| Depreciation | 127 | 107 | 19% | 114 |

| Profit before Tax | 578 | 93 | 521% | 1,122 |

| Tax including Deferred Tax | 152 | 27 | 470% | 302 |

| Profit for the year | 426 | 66 | 542% | 820 |

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New product development pipeline strengthening with funnel expanding across products, segments and geographies
Deliberate strategy to de-risk revenue concentration and build medium-term resilience
Continued focus on building technical capabilities and human resources to drive medium and long-term growth agenda
Core expertise in polyamides & polyester filaments and polyurethane chemistry
Expertise in applications where performance parameters such as tensile strength, tear strength, abrasion resistance, comfort, air-permeability, and water-proofing are critical
Selectively expanded into manufacturing end-user solutions for aerospace and defence markets
Close collaboration with global brands
Leveraged process knowledge and product development expertise with unique fabric configurations
Longstanding relationships with key customers
Technical capabilities allowing development of unique solutions for customers

India is accelerating its shift toward indigenous defence manufacturing to reduce reliance on imports and address border security challenges

Quarterly revenue expected to normalize progressively after QoQ decline due to higher export shipments in Q4 FY26 post-Trump tariff resolution (a one-off catch-up)
Focus on building medium-term resilience through diversification strategy
Continued emphasis on technical capabilities and human resources development for long-term growth

#CompanyName: Kusumgar Limited