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Earnings Call Transcript

Pyramid Technoplast Earnings Call Transcript: Key Takeaways

Q2 revenue rose 48% to ₹238 Cr, largely price-led, with EBITDA margin at 8.5% (vs 7.8%). Reaching the FY27 11–12% margin target needs about 2–3 ppt expansion from H1's 9%. Management redirected margin-sustainability questions to per-ton metrics.

Pyramid Technoplast Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growthRevenue +48% YoY to ₹238 Cr; H1 +42% to ₹460.5 Cr.
MarginsEBITDA margin 8.5% vs 7.8% YoY; H1 9%; FY27 target 11–12%.
Demand visibilityDemand firm; utilisation ~70%, targeting ~80% this FY.
Management confidenceConfident tone; redirected margin questions to per-ton metrics.

Growth

Revenue +48% (volume +21%, realisation +22%); EBITDA +61% to ₹20.3 Cr; PAT +54%. Price contributed ₹43.6 Cr of the ₹77 Cr revenue increase, so growth is mostly pricing.

Outlook

FY27: revenue growth ~15% (stated as an objective) and EBITDA margin 11–12%. Utilisation ~80%. FY27 capex ₹20–25 Cr. Kutch plant ₹22–25 Cr, commissioning by Mar-2027. Subsidies ₹35 Cr.

Risks

Finance cost +147% YoY. An analyst flagged negative H1 cash flow and management's answer was unclear. The FY27 margin target depends on utilisation ramp, solar savings and subsidies.

Last quarter's promises, checked

Delivered

  • Guided rev ~15% → H1 +42% (= BEAT)
  • Guided util ~70% → ~70% (= BEAT)

Partly delivered

  • Guided util 80% → ~70% (= PARTIAL)
  • Guided Kutch ₹20–25 Cr, Mar-27 → on track (= PARTIAL)
  • Guided ₹35 Cr subsidy → approved, cash timing unconfirmed (= PARTIAL)

Missed

  • Guided EBITDA >10% → Q2 8.5% (= MISS)
  • Guided finance cost ~₹3 Cr → +147% YoY (= MISS)
  • Guided debt repayment → H1 cash flow negative (= MISS)
Source

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

Read the document ↗

Pyramid Technoplast Ltd: key numbers

Share price
₹147.72
Market cap
₹543.4 Cr
Revenue (annual)
₹680.9 Cr
Net profit (annual)
₹28.82 Cr
P/E (TTM)
15.7×Sector 47.2×
Promoter holding
74.96%+0.02% QoQ
FII holding
0.65%Current quarter

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

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