ALFA Finder| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | 20.3% YoY consolidated growth reported for Q1. |
|---|---|
| Margins | Consolidated margins impacted by Elventive France; 3-5 quarters to breakeven. |
| Order book | Delayed Q1 tender finalizations expected to close in Q2. |
| Demand visibility | Strong pipeline in Vande Metro and MEMU trainsets. |
| Management confidence | High; maintaining 30% growth target despite flat Q1 order intake. |
Growth
Standalone revenue up 10.1% YoY to INR 236.4 Cr; consolidated PAT at INR 9.4 Cr including exceptional gain.
Outlook
Targeting 30% growth for the current year; aspiration to reach $1 billion revenue within 5 years.
Risks
Near-term consolidated margin pressure (5.4% EBITDA) from Elventive France integration and raw material volatility.
Last quarter's promises, checked
Delivered
- Guided Q4 growth ~30% YoY → delivered 20.3% consolidated growth (= PARTIAL)
- Commence propulsion trials at Western Railway → delivered trials started (= BEAT)
- INR 60 Cr Capex for FY26 → delivered Satpur capacity increase by 20% (= BEAT)
Partly delivered
- Guided 30% annual growth → delivered 20.3% in Q1 (= PARTIAL)
- Guided order book buildup → delivered flat Q1 intake due to tender delays (= PARTIAL)
Missed
- Guided margin improvement for Q4 vs Q3 → delivered 5.4% EBITDA (vs 9.2% in Q3) (= MISS)
Earnings Call Transcript filed with BSE, NSE: HIRECT. Summary written with AI assistance from the document.
Hirect Ltd: key numbers
- Share price
- ₹894.20
- Market cap
- ₹3,074 Cr
- Revenue (annual)
- ₹999.1 Cr
- Net profit (annual)
- ₹45.01 Cr
- P/E (TTM)
- 91.0×Sector 46.1×
- Promoter holding
- 42.59%-1.33% QoQ
- FII holding
- 6.84%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Hirect Ltd
All →Hirect Earnings Call Transcript: Key Takeaways
Record Q2 FY27 consolidated revenue of ₹315.7 Cr (+39% YoY), but EBITDA margin fell to 4.3%. PAT of ₹6.8 Cr was helped by a ₹2.7 Cr exceptional gain.
Hirect Results Update
Hirect Ltd released a press announcement reporting record Q2 and H1 FY27 revenue, with standalone revenue of ₹294.3 crore in Q2. It also disclosed an order book of ₹795.2 crore as of September 2026.
- Order book
- ₹795.2 Cr
Hirect Investor Presentation: Key Takeaways
Record Q2FY27 standalone revenue of ₹294.3 Cr (+29.6% YoY) and H1FY27 ₹530.7 Cr (+20.1%). Consolidated Q2 EBITDA margin fell to 4.3% on Elventive France costs.
Hirect Q2 FY27 Results: Net Profit ₹2.9 Cr, Down 80.3% YoY
Hirect Ltd reported revenue from operations of ₹315.7 Cr (+39.0% YoY) and net profit of ₹2.9 Cr (-80.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.9 Cr · -80.3% YoY
Hirect Board Meeting Date
Hirect Ltd intimated a Board Meeting scheduled for November 10, 2026, to approve Q2/H1 FY27 results. The insider trading window is closed from October 1, 2026.
Hirect Other Announcement
Hirect Ltd submitted its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026.