- FY26 standalone revenue rose 4.2% to INR 5229 cr and PBT grew 17% to INR 455 cr.
- Export revenue doubled to INR 1169 cr (22% of total).
- Consolidated PAT declined 25% to INR 154 cr due to depreciation and forex.
- FY27 standalone revenue guidance 10-12% growth, with margin stability.
📊 FY26 & Q4 Earnings Highlights
- Standalone Performance: FY26 revenue increased 4.2% to INR 5229 crores; PBT grew 17% to INR 455 crores. Export revenue doubled to INR 1169 crores (22% of total sales).
- Margins: Manufacturing EBIT margin steady at 12.46%, project business margin at 4.58%.
- Consolidated Results: Consolidated EBITDA rose 19% to INR 671 crores; PAT down 25% to INR 154 crores due to depreciation and forex effects.
- Philippines Ethanol Plant: Transitioned to commercial production in Dec 2025; limited sales initially caused losses but operational improvements expected.
Operations & Capacity Expansion
Invested INR 153 crores in capacity expansion during FY26, including a fresh INR 25 crores for steel castings plant. Capacity additions are on schedule and expected to support growth.
Outlook for FY27
- Standalone revenue guided to grow 10-12% with a healthy order book (~INR 7000 crores).
- Major growth expected from manufacturing segment (~10%), projects growing modestly (~3-4%).
- Margins expected to remain stable; manufacturing EBIT 12-13%, projects improving to ~5.5%.
- Input cost pressures acknowledged but largely manageable via contingencies and price clauses.
Market Expansion & Orders
Export markets, especially Southeast Asia and Africa, are expanding with new orders across varied industries like sugar, power, oil & gas, fertilizers, and automobiles.
Summary
The company reports moderate revenue growth, margin stability, strong export momentum, and ongoing operational improvements, while providing outlook for steady growth and ongoing capacity investments.
