• Event Type: Q2 FY'27 Earnings Conference Call and Analyst Meet held to discuss unaudited financial results for the quarter and half year ended September 30, 2076.
  • Event Date and Time: The analyst meet was held on September 26, 2026, and the conference call took place on October 26, 2026. Specific time and time zone were not disclosed in the transcript.
  • Purpose of Event: Discussion of quarterly financial results, business performance updates, and addressing analyst/investor questions about company operations and outlook.
  • Management Participants: Mr. Jayesh Chhabildas Shah, Chairman & Managing Director (DIN: 00500814), was the sole management representative on the call.
  • Presentation Availability: The transcript indicates that no presentation deck or additional materials were referenced for distribution. The company made available the transcript of the discussion as part of regulatory compliance.
  • UPSI Statement: The document does not contain any specific statement regarding unpublished price sensitive information (UPSI).

Financial Highlights Discussion

  • Financial Period Discussed: Quarter and half year ended September 30, 2076 (Q2 FY27)
  • Financial Performance:
  • Revenue from operations: Rs. 195 crores in H1 FY27 (183% increase from Rs. 69 crores in H1 FY26)
  • EBITDA: Rs. 11.94 crores in H1 FY27 (121% increase from Rs. 5.39 crores in H1 FY26)
  • EBITDA Margin: 6.7% in H1 FY27 (down from 7.73% in H1 FY26)
  • Profit After Tax: Rs. 6.75 crores in H1 FY27 (213% increase from Rs. 2.22 crores in H1 FY26)
  • PAT Margin: 3.3% in H1 FY27 (improved from 3.18% in H1 FY26)
  • Business Segment Analysis:
  • Manufacturing sales: Approximately Rs. 20 crores in H1 FY27 (compared to Rs. 60 crores manufacturing in full year FY26)
  • Trading activities: Majority of revenue growth driven by trading in imported materials
  • Manufacturing gross margin: 21%
  • Trading operating margin: 3-4%
  • Operational Challenges:
  • Freight costs increased significantly, representing 30-40% of other expenses (Rs. 7.5 crores in H1 FY27)
  • Export business affected by high freight costs, leading to increased domestic focus
  • Capacity utilization currently at 52%

Strategic Updates and Forward Outlook

  • Growth Drivers: Increased domestic focus, premium product launches, new AMPM brand introduction, OEM partnerships with Titan and Amazon, and expanded trading activities in polymers and plastics (ABS, polycarbonate, GPPS, HIPS).
  • Product Strategy: Shift toward premium range clocks with 8-10 new models planned for launch in coming months, targeting tier 2 and tier 3 cities.
  • Financial Guidance:
  • FY27 Revenue expectation: Rs. 300-350 crores
  • FY27 PAT expectation: Rs. 12-14 crores (double previous year)
  • Long-term target: Rs. 25-30 crores PAT by FY28/29 with EPS of Rs. 5-6
  • Growth Expectations: 30-40% turnover growth in next two quarters with expected margin improvement

Additional Notes

  • Attachments: The regulatory filing included the complete transcript of the analyst meet discussion.
  • Financial Data Disclosure: The announcement contained detailed financial figures and operational metrics as part of the earnings discussion.
  • Business Model Clarification: Company operates both manufacturing (clocks, movements) and trading (imported raw materials) activities, with manufacturing being the core business since 1996 and trading activities expanding significantly in recent years.