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Earnings Call

Osel Devices Earnings Call: Key Takeaways

Osel Devices Limited reported strong FY26 performance with 56.9% revenue growth and 18.2% EBITDA margins. The company is pivoting from wholesale to high-margin retail hearing aids via SFL acquisition.

Why this was an Alfa AlertREVENUE GUIDANCE >50%: Management explicitly guided for revenue 'north of INR 500 crores' for FY27, representing >70% YoY growth over the FY26 revenue of ₹292.7cr.
Highlights
Revenue growthFY26 revenue expanded 56.9% YoY to ₹292.7 crores.
MarginsEBITDA margin at 18.2%; expected to improve with retail clinics.
Demand visibilityStrong across LED, hearing aids, and newly launched smartphones.
Management confidenceHigh; targeting over ₹500cr revenue for FY27.

Growth

FY26 Revenue grew 56.9% to ₹292.7cr; EBITDA rose 57.9% to ₹53.3cr; PAT increased 45.7% to ₹29.2cr.

Outlook

Management expects FY27 revenue to exceed ₹500cr (67%+ growth) and export sales to reach ₹50cr.

Risks

War-related logistics delays deferred ₹25-30cr revenue to FY27; high interest costs due to mutual fund arbitrage.

Source

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

Read the document ↗

Osel Devices Ltd: key numbers

Share price
₹385.90
Market cap
₹686.7 Cr
Revenue (annual)
₹292.7 Cr
Net profit (annual)
₹29.21 Cr
P/E (TTM)
23.5×Sector 45.9×
Promoter holding
64.84%-0.37% QoQ
FII holding
0.18%Current quarter

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

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Value
₹50.00 Cr
Execution
FY 2026-27