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Earnings Call

Racl Geartech Earnings Call: Key Takeaways

RACL Geartech achieved a historic milestone in FY26, surpassing ₹500cr revenue with a consolidated turnover of ₹512.42cr. The firm is transitioning from a component supplier to a complex assembly partner for global OEMs.

Why this was an Alfa AlertNot a filter event. While growth is strong, management did not explicitly state a >10% beat over their own prior upper-end guidance.
Highlights
Revenue growth20.57% YoY consolidated growth for FY26.
MarginsEBITDA margins improved to 25.21% from 22.34% YoY.
Demand visibilityStrong, driven by new nominations from Kawasaki, ZF, and BRP.
Management confidenceHigh, citing 'historic milestone' and strategic global partnerships.

Growth

Consolidated FY26 Revenue grew 20.57% YoY to ₹512cr; EBITDA grew 36.05% to ₹129cr; PBT surged 100.4% to ₹65.7cr.

Outlook

Budgeted capex of ₹77.45cr for FY26-27; Mass production for Project Titan and Venus starting October 2026.

Risks

Exposure to international market volatility, high export concentration (75% of sales), and potential currency fluctuations.

Last quarter's promises, checked

Delivered

  • Guided 18-20% growth → delivered 20.57% (= BEAT)
  • Guided ~500cr revenue → delivered 512.42cr (= BEAT)
  • Guided debt reduction via fresh funds → debt reduced 25.46% (= BEAT)

Partly delivered

  • Guided ~50cr FY26 Capex → delivered 49cr (= PARTIAL)
Source

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

Read the document ↗

Racl Geartech Ltd: key numbers

Share price
₹1,686.50
Market cap
₹1,988 Cr
Revenue (annual)
₹489.9 Cr
Net profit (annual)
₹48.95 Cr
P/E (TTM)
40.1×Sector 33.6×
Promoter holding
42.70%+0.01% QoQ
FII holding
9.27%Current quarter

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

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