Pearl Global Industries Earnings Call Transcript: Key Takeaways
Record H1 revenue ₹3,330 Cr (+31.1%) and Q2 ₹1,802 Cr (+37.2%), but profit is cushioned by one-off tariff gains and receivable days rose from 30 to 50.
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Record H1 revenue ₹3,330 Cr (+31.1%) and Q2 ₹1,802 Cr (+37.2%), but profit is cushioned by one-off tariff gains and receivable days rose from 30 to 50.
Overall revenue grew this quarter for the first time recently. Domino's LFL is still negative, which management attributes to Turkey inflation accounting. Management is evasive on demand and LFL, and margin levers are not yet delivered.
Q2 FY27 consolidated revenue ₹80.2 Cr (+54.8% YoY), PAT ₹5.5 Cr, record quarter. Margins and occupancy (91%) strong; net debt rose to ₹185 Cr from ₹89 Cr, and management was defensive on leverage. No Q&A held.
Record Q2 revenue ₹413 Cr (+38.6%), EBITDA ₹58 Cr (+86.1%), PAT ₹38 Cr (+122.2%); Q1 ₹25 Cr inventory gain flatters H1; FY27 guidance reiterated.
Q2 FY27 consolidated revenue ₹153.19 Cr (+31.55%), PAT ₹7.43 Cr (+12.41%), EBITDA margin 13.85% (down 214 bps). H1 revenue ₹298.16 Cr (+29.04%).
Revenue rose about 61% to ₹550 Cr and PAT about 38% to ₹22 Cr, but EBITDA growth lagged at about 28%.
Consolidated revenue rose 13% and EBITDA margin was 16.3%, but freight and tariff costs squeezed profitability. Management held FY27 standalone guidance without new numbers.
Q2FY27 total income Rs15,159L (+9.0% YoY); EBITDA Rs1,640L, margin 10.8% (+227 bps); reported PAT Rs919L (+42.3%). Institutional EBIT turned positive.
Q2 revenue of ₹852 Cr came with EBITDA of ₹9.3 Cr and a ₹26.3 Cr loss, driven by air-freight and input costs. H1 loss is ₹29.7 Cr.
Q2 FY27 revenue rose about 22%, with domestic at 23.4%, but cost inflation dominates. Management withheld EBITDA guidance, citing cost volatility.
Strong Q2 FY27: revenue up 63% to ₹770 Cr and EBITA margin near 18% vs 5.8%, but largely spread-driven. Management declined to guide on spread sustainability.
Q2 FY27 revenue Rs170 Cr (-12% YoY), EBITDA Rs13 Cr (7.3% margin), PAT loss Rs5 Cr; H1 revenue Rs328 Cr (-23%), PAT loss Rs1 Cr. Shipment deferrals hit.
Consolidated sales rose about 14% to ₹2,910 Cr and EBITDA margin reached 22.97%, inside the 22-23% guided band. Management reiterated FY27 guidance without a raise.
Consolidated EBITDA ₹13,869 Cr (+52%) and PAT ₹7,534 Cr (+59%) led by India aluminium; copper includes ~₹350-400 Cr one-offs.
Q2 FY27 revenue Rs 2,183 Mn (+11.1% YoY), EBITDA Rs 83 Mn (3.8% margin), PAT Rs 59 Mn (2.7%). H1 PAT Rs 151 Mn. Capacity expansion ongoing at Dhule.
Q2 FY27 revenue INR 2,829 Cr (+19% YoY), Op EBITDA INR 678 Cr (+25%), margin 24.0% (+111 bps), normalised PAT INR 281 Cr (+34%). Post-merger synergies and bed expansion to 15,070.
Q2 and H1 FY27 revenue ₹695 Cr and ₹1,319 Cr; Q2 EBITDA ₹66 Cr at 9.5% margin, PAT ₹29 Cr. Ethanol margins under pressure from maize costs; management cautious on near-term ethanol, optimistic on CBG and IMFL.
Record Q2 and H1: Q2 revenue +20% and PAT +23% YoY, with order book at ₹20,207 Cr. Management is upbeat, but margin and order conversion depend on Middle East execution, where shipping delays and slower new awards are the main risks.
Standalone H1 revenue ₹64.92 Cr (+26.1%) and PAT ₹5.55 Cr (+69.5%); Q2 standalone PAT ₹3.63 Cr. Consolidated Q2 PAT fell 35.7% on a deferred MEA order.
Q2 FY27 yarn improved on pricing and cotton trading gains; fabric declined on weak exports and ~20% input cost inflation. Outlook is hedged and unquantified, hinging on US sentiment recovery.
Q2 revenue rose 17% to ₹2,995 Cr, but EBITDA was flat at ₹222 Cr and PBT rose only 5%. Management concedes a tougher FY27 but is still chasing double-digit PBT growth.
Revenue +59% and PAT +22% to ₹639 Cr, driven by CGD and gas trading. Morbi industrial demand collapsed and trading margins fell below guidance. Management was defensive on the GSFS treasury link.
Q2 FY27 revenue rose 32% to ₹1,996 Cr and PAT 27%, but EBITDA margin fell ~150bps to 13.3%. Management reiterates 15% volume guidance without raising it; margin recovery hinges on capex completion and asset sales.
Q2 FY27 revenue ₹18,336 Mn (+23% YoY), PAT ₹2,908 Mn (+58%), adj. EBITDA margin 27%. US CDMO and launches lead; India and RoW weak.
Q2FY27 consolidated revenue INR 417 Cr (+11% QoQ), operational EBITDA INR 82.2 Cr (+35% QoQ), PAT INR 52 Cr. Aerospace-led growth, UK footprint expansion, Sri City ramp-up.
Q2 FY27 PAT ₹0.90 Cr (+229% YoY), NII and fees +16%, pre-provision profit +79%. AUM fell to ₹802 Cr; disbursements rebounding, asset quality improving.
H1 FY27 consolidated revenue Rs 2,247.1 Mn (+83.3% YoY), EBITDA Rs 486.1 Mn at 21.6% margin, PAT Rs 347.9 Mn (+71.5%). Order book Rs 7,333 Mn.
Q2 FY27 standalone turnover ₹923 cr (vs ₹975 cr), PAT ~₹37 cr flat YoY; standalone EBITDA margin 12.2% vs 16.1%. Order book ₹12,901 cr.
Q2 FY27 standalone revenue +11.9%, PBDIT -4.4%, PAT -7.3% on raw-material inflation; H1 EBITDA margin 14.4%, below the 15-17% guided band. Recovery relies on price hikes and cost savings.
Q2 FY27 net sales rose 36% and EBITDA roughly doubled to a 12.7% margin, largely volume-driven. Management was upbeat but gave no new numeric guidance.