The call has ended.
Key takeaways
H1 FY27 revenue ₹83.46 Cr (+71.6%) and PAT ₹7.04 Cr (+126.3%) on government project execution. Margin sustainability and defence answers gave no numbers. The ₹170 Cr FY27 target is the only hard guide.
| Revenue growth | ₹83.46 Cr H1, +71.59% YoY; project-execution driven. |
|---|---|
| Margins | EBITDA margin 12.29% vs 11.7% prior H1, below FY26's 13.7%. |
| Order book | Value not stated; about 60% to execute in FY27, rest next year. |
| Demand visibility | Govt pipeline strong; ₹30 Cr smart parking, repeat NHAI orders expected. |
| Management confidence | Over-optimistic; confident claims, few numbers on margins and defence. |
Growth
Revenue +71.59%, EBITDA +80.02%, PAT +126.29%; EBITDA margin 12.29% vs 11.7%. Profit growth outpaces sales.
Outlook
The ₹170 Cr FY27 target implies about ₹86.5 Cr in H2. No growth % was guided. LMS first orders expected next quarter.
Risks
EBITDA margin 12.29% is still below FY26's 13.7%, with cost pressure and no sustainable range given. Defence order awaits approval; LMS revenue unproven.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Marushika Technology H1 FY27 Results: Net Profit ₹7 Cr, Up 125.8% YoY
Marushika Technology Ltd reported revenue from operations of ₹83.5 Cr (+71.8% YoY) and net profit of ₹7 Cr (+125.8% YoY) for H1 FY27.
- Key figure
- Net profit ₹7 Cr · +125.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 15-20% incremental growth from electronics segment; order book exceeds ₹35 crores.
Growth they described
Revenue ₹11,643 lakhs (up 36.6%), EBITDA ₹1,594 lakhs (up 48%), and PAT ₹895 lakhs (up 42.5%) YoY.
Call details
| Company | Marushika Technology Limited |
|---|---|
| NSE symbol | MARUSHIKA |
| ISIN | INE0X7G01013 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 4:00 PM IST |
Marushika Technology Limited: key numbers
- Share price
- ₹120.00
- Market cap
- ₹102.4 Cr
- Revenue (annual)
- ₹116.4 Cr
- Net profit (annual)
- ₹8.95 Cr
- P/E (TTM)
- 11.4×Sector 23.8×
- Promoter holding
- 58.19%
- FII holding
- 5.58%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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