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Earnings Call Transcript

Sugs Lloyd Earnings Call Transcript: Key Takeaways

Sugs Lloyd delivered record Q1 results with 32% revenue growth, though aggressive FY27 targets and rising debt levels for project mobilization signal execution-heavy risks ahead.

Why this was an Alfa AlertManagement guides 100% Revenue growth for FY27 (explicit single-year guidance).
Guidance and delivery
Management target Revenue 100.0% FY27
Highlights
Revenue growth32% YoY growth to 78.4Cr; some revenue slipped into Q2.
MarginsMargins expanded to 15.3%; high-margin products offsetting EPC growth.
Order bookRobust 807Cr order book, approximately 2.7x FY26 revenue.
Demand visibilityStrong visibility from Smart Grid and RDSS government initiatives.
Management confidenceExtremely bullish, maintaining ambitious long-term targets despite rising debt.

Growth

Revenue grew 32% YoY to 78.4Cr, with EBITDA margins improving 32 bps to 15.3%.

Outlook

Management reiterated a 1,000Cr revenue target for FY28 and 600Cr for FY27.

Risks

Rising debt (91Cr) and high receivables (149Cr) pose working capital stress during Patna project execution.

Last quarter's promises, checked

Delivered

  • Guided FY26 revenue 270Cr → delivered 300Cr (= BEAT)
  • Guided FY26 PAT 16Cr → delivered 28Cr (= BEAT)
  • Targeted FY26 EBITDA margin 14.5% → delivered 14.5% (= BEAT)

Partly delivered

  • Guided FPI revenue 8Cr by July → delivered 78.4Cr total revenue with some slippage (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, BSE: 544501. Summary written with AI assistance from the document.

Read the document ↗

Sugs Lloyd Ltd: key numbers

Share price
₹265.55
Market cap
₹616.5 Cr
Revenue (annual)
₹300.7 Cr
Net profit (annual)
₹28.82 Cr
P/E (TTM)
21.4×Sector 25.1×
Promoter holding
70.54%+0.26% QoQ
FII holding
1.02%Current quarter

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

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Value
₹4.68 Cr
From
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solar street lighting systems
2500.0 units
15:47 IST BSE
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Value
₹213.5 Cr
From
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Execution
15 months from date of issuance of the LOA
14:59 IST BSE
Annual General Meeting

Sugs Lloyd Annual General Meeting

Sugs Lloyd Ltd issued the notice for its 17th AGM on 30 September 2026, proposing ₹600 crore borrowing and loan/guarantee limits. Director re-appointment and financial statement adoption are also on the agenda.

14:51 IST BSE
Annual Report

Sugs Lloyd Annual Report

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13:44 IST BSE
New Order Win

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Value
₹24.63 Cr
From
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Execution
Three years (01.10.2026 to 30.09.2029)