The call ran from 1:31 PM to 2:42 PM IST (1 h 12 min).
Key takeaways
Strong Q2 FY27: revenue +42% YoY, PAT +48%, order book ₹2,000 Cr (+93% YoY). EBITDA margin slipped QoQ on commodity costs, and FY28 growth is guided lower at 10-15%. Management deflected on volume/price split and capacity utilisation.
| Management target | Revenue 10.0% FY28 |
|---|
| Revenue growth | Q2 revenue ₹594 Cr, +42% YoY, +18% QoQ; H1 +50%. |
|---|---|
| Margins | EBITDA margin 19.4% vs 20.7% YoY, 19.9% QoQ; commodity-driven. |
| Order book | ₹2,000 Cr, +93% YoY; about four quarters to execute. |
| Demand visibility | Domestic capex recovering; export order book at all-time high. |
| Management confidence | Balanced-optimistic; hedges margin ranges, avoids volume/price split. |
Growth
Q2 revenue ₹594 Cr (+42% YoY, +18% QoQ); H1 ₹1,097 Cr (+50%). EBITDA margin 19.4%, down from 19.9% QoQ.
Outlook
FY27 top-line growth 30-35% (H2 implied ₹1,200-1,300 Cr); EBITDA margin target ~20% (19-21% range); FY28 growth 10-15%.
Risks
Commodity-driven margin squeeze; 6-9 month price pass-through lag; ~₹2,500 Cr capacity ceiling; FY28 growth slowing to 10-15%.
Last quarter's promises, checked
Delivered
- Guided FY27 top-line growth 20-25% → H1 revenue +50% YoY (= BEAT)
- Guided net debt-negative → net cash ₹123 Cr (= BEAT)
Partly delivered
- Endorsed FY27 revenue ₹2,150-2,200 Cr → H1 ₹1,097 Cr; H2 implied ₹1,200-1,300 Cr (= PARTIAL, mid-year)
Missed
- Guided ~20% EBITDA margin (internal target) → Q2 19.4% (= MISS)
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
Lohia Corp Q2 FY27 Results: Net Profit ₹77.7 Cr, Up 48.3% YoY
Lohia Corp Ltd reported revenue from operations of ₹594.3 Cr (+42.0% YoY) and net profit of ₹77.7 Cr (+48.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹77.7 Cr · +48.3% YoY
Call details
| Company | Lohia Corp Limited |
|---|---|
| NSE symbol | LCL |
| ISIN | INE0QJW01029 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 1:30 PM IST |
| Length | 1 h 12 min |
| Audio | Our stream on YouTube ↗ |
Lohia Corp Limited: key numbers
- Share price
- ₹495.70
- Market cap
- ₹5,237 Cr
- Revenue (annual)
- ₹1,717 Cr
- Net profit (annual)
- ₹193.4 Cr
- Promoter holding
- 68.66%
- FII holding
- 2.54%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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