ALFA Finder
The call ran from 5:31 PM to 6:33 PM IST (1 h 2 min).
Key takeaways
Q2 FY27 revenue rose 12% QoQ, gross profit 39% QoQ, and adjusted EBITDA reached ₹171 Cr (+66% QoQ). Operating cash flow is still negative, and the call was the first after the October IPO.
| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | Revenue +12% QoQ; H1 +33% YoY; gross profit +39% QoQ, margin-led. |
|---|---|
| Margins | Gross margin ~15% vs 13% YoY, 12% QoQ; targets ~21% FY27. |
| Order book | ₹14,500 Cr backlog, +67% YoY; ~2-year conversion; supply-constrained. |
| Demand visibility | Backlog ₹14,500 Cr, +67% YoY; claims three-year revenue coverage. |
| Management confidence | Confident, promotional; defensive on negative OCF and interest timing. |
Growth
Gross margin ~15% (12% prior quarter) drove gross profit +39% QoQ via operating leverage. OCF still negative, improved 67% QoQ.
Outlook
Guides FY27 revenue +25-30% and adjusted EBITDA +60-70% on ₹420 Cr base; PBT positive in H2; FY27 OCF neutral-to-positive.
Risks
OCF still negative; US AI capex exposure 10-20% of order book; India solar slowdown; discontinued-ops drag; ESOP charges.
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
Zetwerk Manufacturing Businesses Q2 FY27 Results: Net Loss of ₹88.1 Cr, Loss Widens
Zetwerk Manufacturing Businesses Ltd reported revenue from operations of ₹4,599 Cr (+18.3% YoY) and a net loss of ₹88.1 Cr for Q2 FY27.
- Key figure
- Net loss ₹88.1 Cr
Call details
| Company | Zetwerk Manufacturing Businesses Limited |
|---|---|
| NSE symbol | ZETWERK |
| ISIN | INE09PO01019 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 5:30 PM IST |
| Length | 1 h 2 min |
| Audio | Our stream on YouTube ↗ |
Zetwerk Manufacturing Businesses Limited: key numbers
- Share price
- ₹184.53
- Market cap
- ₹31,264 Cr
- Revenue (annual)
- ₹15,913 Cr
- Net profit (annual)
- ₹-1,632 Cr
- Promoter holding
- 15.71%
- FII holding
- 7.56%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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