RSWM Earnings Call Transcript: Key Takeaways
Q2 FY27 revenue ₹1,322 Cr (+15% YoY) and EBITDA ₹116 Cr (+47%), but fabric is loss-making as cotton, yarn and crystal cost spikes outpace price pass-through. Recovery is pinned on Q4.
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Q2 FY27 revenue ₹1,322 Cr (+15% YoY) and EBITDA ₹116 Cr (+47%), but fabric is loss-making as cotton, yarn and crystal cost spikes outpace price pass-through. Recovery is pinned on Q4.
Q2 revenue rose 17.6% to ₹667.8 Cr, but a 12.4% EBITDA margin and ₹38.3 Cr PAT show a raw-material squeeze. Management defers margin recovery and reaffirms 18-20% FY27 growth without a quarterly timeline.
Consolidated revenue ₹95.5 Cr (+90% YoY) and beta loss narrowed to ₹11.4 Cr, but the group is still loss-making. Management leans on lumpy residential fees and repeatedly reframed breakeven timelines.
Record Q2 revenue ₹773 Cr (+13.9%), EBITDA ₹212 Cr (+16.7%), PAT ₹117 Cr (+24.6%). H1 growth is about 15%, yet management reiterates 20% for FY27, which needs a sharp H2 acceleration.
Revenue rose 18.5% to ₹602 Cr, but consolidated EBITDA margin of 21.8% lags the standalone 28% because Huron revenue is held back. Management is assertive on the 25% margin and 8,000-machine target, with thin detail on Huron timing.
Strong H1 FY27 growth (revenue +73%, PAT +69%), but H1 margin slipped to 14.5% and cash burn and debt are rising. Management is confident but deflects on debt and dilution.
Q2 FY27 normalised revenue ₹451 Cr (+26% YoY), Cash EBITDA ₹49 Cr (+45%, 10.8% margin); H1 revenue ₹888 Cr (+30%). Gold/Elite premiumisation and GCC push drive strategy.
Q2 revenue +15% to ₹890 Cr; adj. EBITDA margin up 43bps to 13.6% on operating leverage. Management flags Q3 margin dip from commodity inflation, with price hikes post-Diwali.
Q2 FY27 total income ₹1,537Mn (+21.1% YoY), PAT ₹383Mn (+21.9% YoY); H1 PAT ₹729Mn (+24.7%). Strategy: diversify beyond broking.
Consolidated attributable PAT rose 23% to ₹2,758 Cr on Life and lending strength. General insurance profit fell to ₹420 Cr on NatCat claims and weaker capital gains. Management declined to give formal guidance.
Q2 FY27 revenue fell 8% YoY; HYE FY27 gross cash ₹258 Cr. Management prioritises brand investment and omni-channel over immediate margin maximisation.
Q2FY27 revenue ₹5,940 Mn (+7.9% YoY), PAT ₹2,115 Mn (+21.9%), EBITDA margin 50.6% including ₹589 Mn other income. H1FY27 revenue fell 7.2%.
H1 FY27 (Apr–Sep 2026): revenue ₹29.44 Cr (+109.35% YoY), EBITDA ₹6.26 Cr (21.27% margin), PAT ₹4.73 Cr (16.06% margin). Focus on capacity expansion and product diversification.
Revenue ₹36.69 Cr (+77.5% YoY) with EBITDA margin 20.3%, up from 11.5% HoH but well below H1 FY26. Management leans on pass-through lag and mix timing; the 50% growth question went unanswered.
Q2 FY27 standalone turnover ₹137.4 Cr (+57% YoY), PAT ₹4.9 Cr (+30%), EBITDA ₹8.7 Cr. Record steel volumes; agro exports up 63%.
Consolidated Q2 FY27 revenue ₹884 Cr (+77%), EBITDA ₹128 Cr (14.4% margin), PAT ₹81 Cr. Price-led China-linked spike; receivables and working capital rising, debt flat.
Ambuja Q2 FY27: revenue ₹9,197 Cr, EBITDA ₹1,271 Cr (~14%), PAT ₹236 Cr; overall volume flattish. Cover letter names Orient Cement; attached transcript is Ambuja's.
Q2 consolidated revenue rose 18.6% to ₹183.1 Cr, but EBITDA fell 23.7% and PAT fell 28% on polymer cost inflation. Management calls the squeeze cyclical; margin recovery depends on raw-material prices softening.
Q2 FY27 revenue ₹625 Cr (+42% YoY), EBITDA ₹94 Cr (15.0% margin), PAT ₹56 Cr (+72.5%). H1 revenue ₹1,037 Cr (+38%). Gross margin up 515 bps to 25.1% on refurbished-ICT tailwinds.
H1 FY27 revenue ₹10,355L (+97.4% y-o-y), PAT ₹1,195L (+50.8%), EBITDA margin 16.5% (-179bps). Strategy: automation, laser products, exports.
Q2FY27 revenue INR 546.6 Cr (+11.5% YoY), EBITDA INR 115.5 Cr (21.1% margin), PAT INR 73.4 Cr (+16.1%). Digital Operations, AI-led, drives growth.
Headline 60% YoY revenue growth, about 40-45% organic after copper pass-through. Pre-exceptional PAT ₹162 Cr (+30%), organic EBITDA flat at 15.2%. FY27 growth guidance raised from 30% to over 40%, and capex lifted to about ₹750 Cr.
Q2 FY27 consolidated revenue ₹4,067 cr (+11% YoY) and PAT ₹2,578 cr (+23% YoY), with 76% EBITDA margin. Strategy centres on market leadership, technology-led infrastructure and debt-market deepening.
Consolidated Q2 FY27 revenue Rs198.1Cr (+103%), EBITDA Rs38.3Cr (19.3% margin), PAT Rs50.5Cr including Rs42.4Cr exceptional gain. H1 revenue Rs495Cr (+61%).
Consolidated Q2 revenue fell 17% YoY to ₹354 Cr, while H1 rose 6% to ₹855 Cr on international strength. Domestic execution stays stalled pending West Bengal payments; recovery is asserted but not quantified.
H1 FY27 revenue ₹159 Cr (+95% YoY), EBITDA ₹46.7 Cr at 29.3% margin, net profit ₹31.2 Cr. Management pitches 40–50% CAGR over 3–5 years; order book ₹846 Cr, Kavach approval still pending.
H1 FY27: Revenue ₹27.45 Cr (+58.6%), PAT ₹4.06 Cr (+54.2%), EBITDA ₹6.46 Cr at 23.48% margin. Growth from railway specialty rubber, Plant 2 ramp and new verticals.
H1 FY27 revenue ₹55.04 Cr (+25.83% YoY), PAT ₹8.20 Cr (+72.63%), EBITDA margin 22.48%. Export share rose to 18.15%.
Q2 FY27 total revenue ₹17.2 Cr (-17.0% YoY) and PAT ₹5.9 Cr (-46.7%); H1 revenue ₹36.2 Cr (-20.7%). Recurring trail revenue up 4.7%; AUA ₹13,798 Cr (+9.7%). Investment-phase costs weigh on margins.
Q2 FY27 revenue INR 14,690m (+33.6%), Operating EBITDA INR 3,701m (25.2% margin), PAT INR 2,191m (+38.3%). Volume-led growth; net cash INR 7,815m.