Hirect Earnings Call Transcript: Key Takeaways
Record Q2 FY27 consolidated revenue of ₹315.7 Cr (+39% YoY), but EBITDA margin fell to 4.3%. PAT of ₹6.8 Cr was helped by a ₹2.7 Cr exceptional gain.
ALFA Filings
Every announcement, straight from the exchange
Every earnings call announcement on NSE and BSE that our alert engine sent, newest first. Each one has its own page with the summary, the key figures and the original filing.
Time
9,412 announcements with these filters
Record Q2 FY27 consolidated revenue of ₹315.7 Cr (+39% YoY), but EBITDA margin fell to 4.3%. PAT of ₹6.8 Cr was helped by a ₹2.7 Cr exceptional gain.
Festive-led Q2: reported PAT ₹427 Cr vs adjusted ₹333 Cr, so one-offs (customs duty, bullion gains) lift profit. Management is upbeat but gives no numeric Q3 guidance and withholds ATM metrics.
H1 FY27 revenue ₹204.5 Cr (+77.5%) and PAT ₹12.0 Cr (+103.9%) on margin expansion. Management avoids quantifying guidance, relying on 'maybe' and 'hopefully'.
AVTL Q2 FY27 EBITDA INR212Cr (+22.4%), margin 78.6%, PAT INR96Cr (down from INR100Cr) on higher finance and tax costs. Parent Aegis H1 PAT INR866Cr (+108%). Tristar acquisition (US$809m) pending.
Q2FY27 revenue ₹158.71 Cr (+31.97% YoY), EBITDA ₹28.06 Cr (17.68% margin), PAT ₹16.25 Cr (+68.74% YoY). Phase II plant commissioned; regulatory build-out ongoing.
Q2 FY27 deck shows TTM revenue ₹4,15,299 Mn, EBITDA ₹27,631 Mn, PAT ₹16,016 Mn, net worth ₹66,381 Mn. No quarterly P&L disclosed.
Q2 FY27 revenue INR 1,348 Mn (+17.6% YoY), EBITDA INR 303 Mn (22.5% margin), PAT INR 207 Mn (+167.3%). Zero-debt balance sheet; no explicit guidance.
Record Q2 revenue of ₹230 Cr (+37% YoY) was almost entirely price-driven. Gross margin fell to 32.5% from 39%, and PAT rose 11% to ₹19 Cr. Working capital is stretched, and the margin recovery depends on H2 ramp-up.
Q2 revenue ₹83.22 Cr (+22% QoQ) and PAT ₹8.41 Cr; H1 PAT ₹15.42 Cr. Operating cash flow was -₹26.61 Cr as receivables rose ₹51 Cr; short-term borrowings jumped to ₹64.4 Cr.
H1 FY27 consolidated revenue ₹71.5 Cr (+76.2%) and PAT ₹5.4 Cr (+124%) are strong, but operating cash burned ₹5.7 Cr on working-capital build. FY27 guidance implies a steep H2 ramp to ₹180-200 Cr.
Record Q2FY27 standalone revenue of ₹294.3 Cr (+29.6% YoY) and H1FY27 ₹530.7 Cr (+20.1%). Consolidated Q2 EBITDA margin fell to 4.3% on Elventive France costs.
Q2 FY27 AUM hit ₹1,766 Cr (+10.4% QoQ) and PBT rose to ₹19.47 Cr, but NII fell QoQ and capital and AI questions drew generic answers.
Q2 revenue rose 14% to ₹1,512 Cr, but PBDIT margin fell to 6.01% from 7.73%. Management dropped its 10% appliance EBITDA target, and PAT fell about 20%.
Q2 FY27 total revenue ₹69.8 Cr (+27% YoY), EBITDA ₹5.6 Cr (8.0% margin, down 324 bps), PAT ₹3.3 Cr (-9%). H1 PAT ₹8.4 Cr (+53%).
Consolidated revenue ₹1,388 Cr (+51% YoY) on 15% volume; EBITDA ₹177 Cr (+38%) includes ~₹18 Cr net one-offs, normalized +24%.
Q2 FY27 revenue Rs1,647 cr (+62% YoY), EBITDA Rs196 cr (11.9%), PAT Rs94.6 cr (+37%). H1 revenue Rs3,228 cr (+67%), PAT Rs182 cr. Capacity expansion and international push continue.
Q2 FY27 consolidated net sales ₹69 Cr (-42% YoY), EBITDA ₹8 Cr (11.5% margin), PAT ₹3 Cr. H1 FY27 sales ₹131 Cr (-22%), PAT ₹9 Cr.
H1 FY27 PAT doubled to ₹273 Cr; GWP up 26% ex-1/n. Loss ratio gains credited to mix; management declined to quantify drivers. Solvency drifting down to 2.03x is the watch item.
H1 FY27 revenue rose 16% to ₹70.72 Cr, but PAT fell 1.7% on higher finance costs and WIP timing. Operating cash flow stayed negative at -5.69. Growth funding relies on planned but unsecured debt or JV capital.
Q2 FY27 revenue ₹87.10 Cr (+19.4% YoY), PAT ₹5.20 Cr (+8.8%), Op. EBITDA ₹7.24 Cr (+23.9%, 8.3% margin). Margin recovery driven by lower operating costs, not gross margin.
Q2 PAT ₹7.4 Cr (+180% YoY) and H1 PAT ₹22.5 Cr (+290%) on Imperia-led income; margins compressed QoQ to 56%, while Latitude 27 revenue slips toward FY28.
Q2 revenue up 21% YoY (H1 18%), normalized EBITDA margin up 240 bps; volume ~10%, with ~6-7% price and ~3-4% premiumisation contributing. Operating cash flow was negative in H1 on inventory build.
Revenue and EBITDA more than doubled on volume-led growth, but margin slipped to 17.1% and inventory rose to ₹1,230 Cr. Management declined to give guidance and leaned on long-term narrative.
Q2 FY27 revenue ₹756Mn (-5.0% YoY), PAT ₹71Mn (-45.0%). H1 revenue ₹1,131Mn (+11.4%), PAT ₹199Mn (+43.2%). Mainboard migration and IPO pipeline continue.
H1 FY27 turnaround: PBT ₹131 Cr vs ₹25 Cr loss, margin up 383bps to 6.9%, net debt cut to ₹157 Cr. Q2 revenue +8%, mainly price-led. H2 ethanol outlook clouded by tender and maize costs.
Standalone Q2/H1FY27: H1 revenue Rs 91.4 Cr (+10% YoY), EBITDA Rs 1.4 Cr vs -Rs 0.8 Cr, PAT -Rs 8.4 Cr. Q2 revenue flat at Rs 46.0 Cr. Premiumisation and RTD expansion continue.
Q2 FY27 revenue ~54.4cr (down ~18% QoQ on planned plant downtime), EBITDA margin 14.2%, PAT 2.16cr. H1 PAT 6.64cr (+86% YoY), EBITDA 18.67cr at 15.3%. Board approved 45cr funding plan.
Q2 FY27 consolidated revenue INR 2,850 Mn (+18.4% YoY), EBITDA margin 11.75%, PAT INR 107 Mn (+78.3%). India turnaround continues, but inflation is squeezing margins.
Q2 FY27 consolidated revenue ₹508.9 Cr (+108% YoY), EBITDA ₹50.1 Cr (9.9% margin), PAT ₹17.7 Cr (3.5%). Targets ₹3,000+ Cr revenue by FY30.
Q2 FY27 revenue rose 23.3% to ₹121.3 Cr, but EBITDA margin fell to 8.9% (from 13.8%) and PAT dropped to ₹7.6 Cr (from ₹11 Cr) on freight and Palghar ramp-up costs.