The call ran from 3:59 PM to 4:55 PM IST (56 min).

Key takeaways

Q2 revenue ₹94 Cr (+31%) and PAT ₹11 Cr (+26%) look strong, but the 16.76% EBITDA margin sits below management's own 17–19% target. Growth is volume-led, and working capital answers were muddled.

Guidance and delivery
EBITDA Margin: guided vs achieved	16.76% achieved Guided 17.00%–19.00%, -11.8% above the top of the range
Management target	Revenue 25.0% FY27

Highlights
Revenue growth	Q2 revenue +31% YoY; H1 +26%; largely volume-led.
Margins	Q2 EBITDA margin 16.76% (+135 bps YoY); below 17–19% target.
Order book	Order book +44% YoY, above ₹100 Cr; no peer comparison.
Demand visibility	Order book +44% YoY, above ₹100 Cr; Indian wind demand flat H1.
Management confidence	Over-optimistic; upbeat headline, vague on working capital and margins.

Growth

Q2 revenue +31% YoY and EBITDA +43%; Chennai plant drove ~₹22 Cr of H1's ~₹35 Cr increase.

Outlook

FY27 revenue growth guided ~25%; FY28 targeted ~25%; EBITDA margin target 17–19%; ₹40–45 Cr FY28 capex.

Risks

Working capital strain: inventory and receivables rising, operating cash flow modest; Q2 margin below 17–19% target; debt may rise.

Last quarter's promises, checked

Delivered

Revenue growth 20–25% YoY → H1 +26%, Q2 +31% (= BEAT)
Order book ~40% YoY → +44% YoY, above ₹100 Cr (= BEAT)

Partly delivered

Chennai Phase-2 space by Q3 → Phase-2 'by Nov', still pending (= PARTIAL)

Missed

EBITDA margin 17–19% → Q1 16.51%, Q2 16.76% (= MISS)
Working capital ~180 days, 'similar level' → inventory and receivables rising, OCF modest; no days figure (= MISS)

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 7 Nov 2026, 11:17 AM IST. Open it on ALFA Filings ›

The results behind this call

5 Nov 2026 17:37 IST NSE

Financial Results

Gala Precision Engineering Q2 FY27 Results: Net Profit ₹10.6 Cr, Up 26.2% YoY

Gala Precision Engineering Ltd reported revenue from operations of ₹93.7 Cr (+31.2% YoY) and net profit of ₹10.6 Cr (+26.2% YoY) for Q2 FY27.

Key figure: Net profit ₹10.6 Cr · +26.2% YoY

Open full results → Read the filing ↗

What management said last time

Full summary →

From the call summary published 11 Aug 2026.

Outlook they gave

Management guides 20-25% revenue growth for FY27 with EBITDA margins expanding to 17-19%. Capex of INR 40-45Cr planned.

Growth they described

Revenue grew 20% YoY; Net Profit grew 29% YoY to INR 8 crores with 11.44% PAT margins.

Call details

Company	Gala Precision Engineering Ltd
NSE symbol	GALAPREC
ISIN	INE0RE001014
Call	Q2 FY27 earnings call
Date	Friday, 6 November 2026
Time	4:00 PM IST
Length	56 min