ALFA Finder
The call ran from 10:01 AM to 10:51 AM IST (50 min).
Key takeaways
Record Q2 FY27 consolidated revenue of ₹315.7 Cr (+39% YoY), but EBITDA margin fell to 4.3%. PAT of ₹6.8 Cr was helped by a ₹2.7 Cr exceptional gain.
| Revenue growth | Consolidated Q2 revenue ₹315.7 Cr, +39% YoY; H1 +29.9%. |
|---|---|
| Margins | Consolidated EBITDA margin 4.3% Q2; standalone 8.2%; pressure expected to persist. |
| Order book | Analyst cited ~₹795 Cr vs ~₹1,100 Cr year ago; unconfirmed by management. |
| Demand visibility | Railway budgets curtailed this year; orders delayed; no firm FY27 target. |
| Management confidence | Balanced-to-defensive; repeated margin hedging, avoided timelines and numbers. |
Growth
Consolidated H1 revenue +29.9%, standalone Q2 revenue +29.6%. Standalone gross profit grew only 15.1% in Q2, so profit is lagging sales.
Outlook
No numeric FY27 guidance given. Elventive breakeven expected in 4–5 quarters; margin recovery timing unspecified.
Risks
Elventive France drag; railway budget cuts; propulsion margin pressure; PAT relies on exceptional gains.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Hirect Q2 FY27 Results: Net Profit ₹2.9 Cr, Down 80.3% YoY
Hirect Ltd reported revenue from operations of ₹315.7 Cr (+39.0% YoY) and net profit of ₹2.9 Cr (-80.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.9 Cr · -80.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 30% growth for the current year; aspiration to reach $1 billion revenue within 5 years.
Growth they described
Standalone revenue up 10.1% YoY to INR 236.4 Cr; consolidated PAT at INR 9.4 Cr including exceptional gain.
Call details
| Company | Hirect Ltd |
|---|---|
| NSE symbol | HIRECT |
| ISIN | INE835D01023 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 11 November 2026 |
| Time | 10:00 AM IST |
| Length | 50 min |
| Audio | Our stream on YouTube ↗ |
Hirect Ltd: key numbers
- Share price
- ₹875.15
- Market cap
- ₹3,008 Cr
- Revenue (annual)
- ₹999.1 Cr
- Net profit (annual)
- ₹45.01 Cr
- P/E (TTM)
- 89.1×Sector 46.5×
- Promoter holding
- 42.59%-1.33% QoQ
- FII holding
- 6.84%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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