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Earnings Call Transcript

Steelcast Earnings Call Transcript: Key Takeaways

Revenue +29% YoY, partly from inventory liquidation. EBITDA margin fell 3.8 points and PAT was flat. Management raised FY27 revenue guidance to 30% while deferring margin pressure to Q3–Q4.

Steelcast Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Revenue guidance 25.0% → 30.0% Raised by 5.0 percentage points
Management target Revenue 30.0% FY27
Highlights
Revenue growthRevenue +29.4% YoY, +10.6% QoQ; partly inventory liquidation-driven.
MarginsEBITDA margin 24.5% vs 28.3% YoY; FY27 guided 25–26%.
Order bookExecutable order book ₹145 Cr, about three months' sales.
Demand visibilityManagement cites commodity-driven mining and earthmoving demand; no multi-year orders.
Management confidenceOptimistic; defensive on margins, declined to quantify margin impact.

Growth

Revenue ₹138 Cr, +29.4% YoY, +10.6% QoQ, partly from inventory liquidation. Volume +28% YoY, but capacity utilisation fell to 57%.

Outlook

FY27 revenue growth ~30% (up from 25%). EBITDA margin 25–26%. FY27 capex ~₹60 Cr of ₹151 Cr total plan.

Risks

EBITDA margin down 3.8 points YoY and PAT margin 16.9% vs 21.8%. Gas costs roughly doubled, the Q3 margin hit is unquantified, and guidance is internally inconsistent.

Source

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

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Steelcast Limited: key numbers

Share price
₹385.05
Market cap
₹3,897 Cr
Revenue (annual)
₹423.2 Cr
Net profit (annual)
₹86.86 Cr
P/E (TTM)
42.7×Sector 52.1×
Promoter holding
45.00%+0.00% QoQ
FII holding
0.49%Current quarter

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

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