| Revenue growth | +61% YoY Q2; +56% H1; organic +47% |
|---|---|
| Margins | Reported EBITDA margin 14.3% vs 17.6% YoY; ex-Multilink 14.7% |
| Demand visibility | Harness revenue +43% vs industry retail +20% in H1 |
Growth
H1 FY27 revenue ₹32,736mn (+56%, organic +47%). Reported PAT ₹1,178mn, flat YoY (-0.3%), after ₹548mn exceptional items.
Outlook
No explicit FY28 growth guidance. Capex to exceed estimates in FY27. New harness plants due Q3 FY27 to Q2 FY28. Undeployed IPO cash of ₹14,000mn.
Risks
Copper (~150bps), PVC, and manpower/ESOP costs (~120bps) compressed margins. Multilink runs at lower margin. Trade WC days rose to 61.
Last quarter's promises, checked
Delivered
- Guided FY27 growth 25-30% → H1 revenue +56% (organic +47%) (= BEAT)
- Guided EV >30-32% of revenue in 2-3 yrs → Q2 EV 31% of revenue (= BEAT)
- Guided IPO fund-use update next period → undeployed ₹14,000mn disclosed (= BEAT)
Partly delivered
- Guided ~₹1,000cr net cash by end-Aug → ₹9,037mn (~₹904cr) net cash (= PARTIAL)
- Guided 15-20% capacity add via Jhajjar/Hosur this year → Pune/Chennai plants due Q3 FY27–Q2 FY28, no capacity % given (= PARTIAL)
Missed
- Guided FY27 EBITDA margin 15-16% → Q2 reported 14.3% (= MISS)
- Guided Multilink margin in line with Dhoot's → Multilink runs at lower margin (= MISS)
Investor Presentation filed with BSE, NSE: DHOOTTRANS. Summary written with AI assistance from the document.
Dhoot Transmission Ltd: key numbers
- Share price
- ₹1,488.40
- Market cap
- ₹30,454 Cr
- Revenue (annual)
- ₹3,486 Cr
- Net profit (annual)
- ₹171.0 Cr
- Promoter holding
- 82.78%
- FII holding
- 2.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Dhoot Transmission Ltd
All →Dhoot Transmission Earnings Call Transcript: Key Takeaways
Headline 60% YoY revenue growth, about 40-45% organic after copper pass-through. Pre-exceptional PAT ₹162 Cr (+30%), organic EBITDA flat at 15.2%. FY27 growth guidance raised from 30% to over 40%, and capex lifted to about ₹750 Cr.
- Call
- Guides 40% growth
Dhoot Transmission Results Update
Dhoot Transmission Limited reported consolidated revenue of ₹1,827.2 crore for Q2 FY27, a 61% year-on-year increase. Adjusted PAT grew 30% to ₹161.5 crore, driven by robust EV-related sales.
- Value
- ₹1,827 Cr
Dhoot Transmission Q2 FY27 Results: Net Profit ₹117.8 Cr, Down 0.3% YoY
Dhoot Transmission Ltd reported revenue from operations of ₹1,827 Cr (+60.7% YoY) and net profit of ₹117.8 Cr (-0.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹117.8 Cr · -0.3% YoY
Dhoot Transmission Capital Structure Change
Dhoot Transmission bought 2,50,000 shares in its German subsidiary for cash of Rs.2.82 Crore. The filing says the capital will fund working capital and growth.
- Value
- ₹2.82 Cr
Dhoot Transmission Capital Structure Change
Dhoot Transmission invested €2.5 lakh in its wholly-owned German subsidiary, about ₹2.65 Crore. The stake stays at 100%, so control is unchanged.
- Value
- ₹2.65 Cr
Dhoot Transmission Employee Stock Options
Dhoot Transmission received NSE and BSE in-principle approval to list up to 20,59,779 equity shares for issue under its ESOP 2025 scheme. No cash value is stated, and listing remains subject to allotment and compliance conditions.