• The document contains the transcript of the Earnings Conference Call held on November 06, 2026, in connection with the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026.
  • The event was an earnings conference call hosted by Motilal Oswal Financial Services Limited, scheduled after the earnings announcement. The call took place on November 06, 2026 (specific time not mentioned in the transcript).
  • Management participants included:
  • Mr. Gaurav Lohia – Whole-Time Director and Chief Operating Officer
  • Mr. Anupam Agarwal – Chief Financial Officer
  • Mr. K.G. Gupta – Advisor to Chairman and Managing Director
  • The moderator was Mr. Ashish Poddar from Motilal Oswal Financial Services Limited.
  • The transcript of the call has been uploaded on the Company's website at https://www.lohiagroup.com/investor-relations.
  • The document does not contain specific compliance language regarding unpublished price sensitive information (UPSI), but it represents a formal regulatory filing of already disclosed information.

Financial Highlights Discussed

  • Q2 FY27 Financial Performance:
  • Revenue from operations: INR594 crores (42% YoY growth from INR418 crores in Q2 FY26)
  • Sequential growth: 18% from INR503 crores in Q1 FY27
  • EBITDA: INR116 crores (33% YoY growth from INR87 crores)
  • EBITDA margin: 19.4% (vs 20.7% in Q2 FY26, 19.9% in Q1 FY27)
  • PAT: INR77 crores (48% YoY growth from INR52 crores)
  • PAT margin: 13% (vs 12.5% in Q2 FY26)
  • H1 FY27 Financial Performance:
  • Revenue: INR1,097 crores (50% growth from INR734 crores in H1 FY26)
  • EBITDA: INR215 crores (76% growth)
  • EBITDA margin: 19.7% (vs 16.7% in H1 FY26)
  • PAT: INR144 crores (108% growth from INR69 crores)
  • PAT margin: 13% (vs 9.5% in H1 FY26)
  • Business Segments:
  • Domestic revenue: INR375 crores (83% YoY growth)
  • Overseas revenue: INR218 crores (6% sequential growth, 2% YoY)
  • Revenue split: 63% domestic, 37% international
  • Machinery revenue: INR480 crores (81% of total)
  • Aftermarket revenue: INR50 crores
  • Other revenue: INR59 crores
  • Order Book and Financial Position:
  • Order book as of September 30, 2026: INR2,000 crores (12% sequential growth from INR1,778 crores, 93% YoY growth from ~INR1,030 crores)
  • Export order book at all-time high
  • Net working capital cycle: 92 days (vs 84 days at FY26 end)
  • Total borrowing: INR115 crores
  • Cash and cash equivalents with current investments: INR238 crores
  • Net cash position: INR123 crores
  • Net debt to equity: negative 0.18 times
  • Net debt to EBITDA: negative 0.57 times

Strategic Updates and Guidance

  • Management indicated sustainable EBITDA margin target of 19-21% with internal target of 20%
  • Expected revenue growth of 10-15% for FY28
  • Current capacity can support revenue up to INR2,500 crores
  • Capex of INR75 crores planned for current year for capacity expansion in recycling, conversion, and coating machinery
  • Recycling machinery revenue expected to be INR30-35 crores in FY27, with target to double next year

Additional Notes Section

  • The document represents the complete transcript of the earnings conference call filed pursuant to Regulation 30 of SEBI LODR Regulations, 2015.
  • The transcript includes detailed Q&A session with analysts covering topics such as capacity utilization, demand outlook, pricing strategy, market share, and vendor ecosystem.
  • No financial data beyond what was already disclosed in the earnings release appears to have been shared during the call.