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Earnings Call Transcript

Elin Electronics Earnings Call Transcript: Key Takeaways

Q1FY27 revenue rose 23% YoY to ₹362.8 Cr, but margins collapsed due to sharp raw material inflation, a ₹24.6 Cr fire loss, and massive labor wage hikes.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth23% YoY
MarginsDown to 1.1% from 5.9%; hoping for recovery in Q2
Demand visibilityStrong across categories except motors
Management confidenceModerate; prioritizing margins over revenue

Growth

Revenue grew 23% YoY; volume growth high single to low double-digits. EBITDA plummeted to ₹4 Cr (1.1% margin).

Outlook

FY27 revenue guidance of ₹1375 Cr; Bhiwadi plant starting Q2; focus on margin recovery over volume.

Risks

Fire at Ghaziabad plant; 25% minimum wage hike; high commodity/PCB costs; irrational competition in lighting battens.

Last quarter's promises, checked

Delivered

  • Bhiwadi plant ready for Q2 → delivered Q2 start (= BEAT)
  • Double-digit lighting growth FY27 → delivered Q1 growth (= BEAT)

Partly delivered

  • Pass on 100% cost hikes by June → delivered partial recovery (= PARTIAL)

Missed

  • Maintain margins via price hikes → delivered 1.1% margin (= MISS)
  • FY27 revenue growth 15% → delivered 23% but guidance cut (= MISS)
Source

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

Read the document ↗

Elin Electronics Ltd: key numbers

Share price
₹88.57
Market cap
₹440.3 Cr
Revenue (annual)
₹1,288 Cr
Net profit (annual)
₹22.59 Cr
P/E (TTM)
-53.6×Sector 45.9×
Promoter holding
32.97%+0.02% QoQ
FII holding
0.58%Current quarter

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

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