ALFA Finder
The call ran from 8:59 AM to 9:54 AM IST (55 min).
Key takeaways
H1 FY27 revenue rose 42% to ₹114.19 Cr and PAT 49% to ₹9.10 Cr, but subcontracting-led growth and negative operating cash flow (-₹6.45 Cr) weaken earnings quality.
| Management target | Revenue 30.0% |
|---|
| Revenue growth | Revenue +42% YoY to ₹114.19 Cr; EPC/subcontracting-heavy mix driving volume. |
|---|---|
| Margins | EBITDA margin flat 12.78%; gross margin +444bps, but subcontracting-driven. |
| Order book | ₹470 Cr; ~4.1x H1 revenue, executed over 12-15 months. |
| Demand visibility | ₹470 Cr order book, ₹300 Cr pipeline; data-centre demand strong. |
| Management confidence | Over-optimistic: bold CAGR and margin targets; cash-flow concerns downplayed. |
Growth
Revenue +42%, PAT +49%. EBITDA margin flat at 12.78%; subcontracting ₹11.94 Cr (vs ₹2.61 Cr) inflated other expenses.
Outlook
Targets 10% PAT over 2–3 years; medium-term revenue CAGR 30%+ and ~₹500 Cr sales; Kandla margin deferred.
Risks
Operating cash flow -₹6.45 Cr; ₹16.67 Cr working capital build; utility credit cycles lengthening; subcontracting-dependent EPC mix.
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
Parth Electricals & Engineering H1 FY27 Results: Net Profit ₹9.1 Cr, Up 49.2% YoY
Parth Electricals & Engineering Ltd reported revenue from operations of ₹114.2 Cr (+42.0% YoY) and net profit of ₹9.1 Cr (+49.2% YoY) for H1 FY27.
- Key figure
- Net profit ₹9.1 Cr · +49.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided 20-30% revenue growth for next 2-3 years. New GIS and Odisha plants to add ₹300cr capacity.
Growth they described
FY26 revenue grew 13% YoY; EBITDA margin 10.53% (up 49bps); PAT margin 7.19% (up 140bps).
Call details
| Company | Parth Electricals & Engineering Limited |
|---|---|
| NSE symbol | PARTH |
| ISIN | INE1H7V01011 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 9:00 AM IST |
| Length | 55 min |
Parth Electricals & Engineering Limited: key numbers
- Share price
- ₹509.90
- Market cap
- ₹696.9 Cr
- Revenue (annual)
- ₹198.0 Cr
- Net profit (annual)
- ₹14.24 Cr
- P/E (TTM)
- 49.0×Sector 50.0×
- Promoter holding
- 61.22%
- FII holding
- 1.12%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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