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Earnings Call Transcript

Pyramid Technoplast Earnings Call Transcript: Key Takeaways

Management reported 36% YoY revenue growth driven by raw material price pass-throughs, but EBITDA margins were hit by high polymer costs and export-led volume slowdown.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth36% YoY growth driven by raw material price pass-through to customers.
MarginsEBITDA margins at 10%; target 11-12% as polymer prices normalize.
Demand visibilityDomestic demand remains strong; exports temporarily impacted by geopolitical conflicts.
Management confidenceBalanced; optimistic on domestic ramp-up despite external export headwinds.

Growth

Revenue rose to 222 Cr; volume growth was stagnant at 62% capacity utilization.

Outlook

Guided 15% revenue growth and 11% EBITDA margins for FY27.

Risks

Middle East war impacting exports and high raw material volatility hitting unit economics.

Last quarter's promises, checked

Delivered

  • Guided 20 Cr maintenance CAPEX → delivered 20-25 Cr (= BEAT)
  • Guided double-digit EBITDA margins → delivered 10% (= BEAT)
  • Guided Wada plant 70% utilization → delivered 70% (= BEAT)

Partly delivered

  • Guided 15 Cr annual power savings → delivered 12 Cr run-rate (= PARTIAL)
  • Guided 80% total utilization → delivered 62% (= PARTIAL)

Missed

  • Guided 800 Cr FY27 revenue → delivered 222 Cr Q1 (run-rate ~888 Cr, but volume stagnant) (= MISS)
  • Guided IBC growth speed > polymer → delivered IBC volumes hit by exports (= MISS)
Source

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

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Pyramid Technoplast Ltd: key numbers

Share price
₹162.29
Market cap
₹597.0 Cr
Revenue (annual)
₹680.9 Cr
Net profit (annual)
₹28.82 Cr
P/E (TTM)
19.0×Sector 41.4×
Promoter holding
74.94%+0.00% QoQ
FII holding
0.97%Current quarter

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

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