The call has ended.

Key takeaways

H1 FY27 revenue ₹528.47 Cr (+67.69%), EBITDA ₹42.37 Cr (+99.48%), PAT ₹19.08 Cr (+105%). Margin gains are real, but negative operating cash flow and working-capital strain are played down.

Highlights
Revenue growth	₹528.47 Cr, +67.69% YoY vs ₹315.14 Cr in H1 FY26.
Margins	EBITDA margin 8.02%, up 128 bps; PAT margin 3.61%.
Order book	Around ₹300 Cr order book executable in H2 FY27.
Demand visibility	OEM onboarding; FY28 revenue guidance raised to ₹1,300 Cr.
Management confidence	Confident; defensive on negative cash flow and working capital.

Growth

Margin up 128 bps to 8.02%; EBITDA/MT ~₹32,400 vs ₹26,536. Operating cash flow negative, so earnings quality is unproven.

Outlook

FY28 revenue target raised to over ₹1,300 Cr from ₹1,100 Cr; utilisation 80-85% next FY; EBITDA margin 7-10% sustainable.

Risks

Negative operating cash flow, receivables ₹135.88 Cr, borrowings ~₹310 Cr, cash conversion cycle under scrutiny. Europe scrap curbs.

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 5 Nov 2026, 5:58 PM IST. Open it on ALFA Filings ›

The results behind this call

2 Nov 2026 12:39 IST NSE

Financial Results

Baheti Recycling Industries H1 FY27 Results: Net Profit ₹19.1 Cr, Up 105.4% YoY

Baheti Recycling's board approved unaudited standalone results for the half ended 30 September 2026. Revenue from operations was ₹528.90 lakh and net profit ₹19.07 lakh.