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Earnings Call Transcript

Electrosteel Castings Earnings Call Transcript: Key Takeaways

Q1 FY27 saw consolidated revenue of Rs. 1,465 cr and PAT of Rs. 48.4 cr. Domestic demand remains soft, but management is focused on structural cost optimization and international expansion.

Guidance and delivery
Management target Revenue FY30
Highlights
Revenue growthLower YoY due to reduced volumes.
MarginsConsolidated EBITDA margin 9.5%; targeting 12-13% exit rate.
Order book3 lakh tons, approximately 5 months of execution.
Demand visibilityStrong visibility from Jal Jeevan Mission 2.0 and AMRUT 2.0.
Management confidenceHigh on long-term water infrastructure demand and cost optimization.

Growth

Consolidated sales volume fell 27% YoY to 1.20 lakh tons due to slow domestic project execution and Middle East tensions.

Outlook

Targeting 12-13% EBITDA margins by Q3/Q4 FY27. Plans to double valve revenue in four years and enter industrial paints.

Risks

Challenges include slower project execution, delayed fund disbursements, and Saudi Arabian import duties on DI pipes.

Last quarter's promises, checked

Partly delivered

  • Guided 200-250 cr capex for paint/valves → projects in design phase (= PARTIAL)

Missed

  • Guided 7 lakh tons pipe volume → delivered 5.84 lakh tons (= MISS)
  • Guided 13-14% EBITDA margin → delivered 9.4% (= MISS)
  • Guided standalone PAT growth → delivered 131.3 cr vs 161.5 cr consolidated (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: ELECTCAST. Summary written with AI assistance from the document.

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Electrosteel Castings Ltd: key numbers

Share price
₹72.34
Market cap
₹4,472 Cr
Revenue (annual)
₹5,918 Cr
Net profit (annual)
₹161.4 Cr
P/E (TTM)
37.0×Sector 19.0×
Promoter holding
50.13%+0.00% QoQ
FII holding
12.80%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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