Wakefit Innovations Earnings Call Transcript: Key Takeaways
Wakefit reported record Q2 revenue but faced margin pressure from volatile raw material costs and leadership transitions in key segments.
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Wakefit reported record Q2 revenue but faced margin pressure from volatile raw material costs and leadership transitions in key segments.
MSTC reported its highest-ever Q2 and H1 numbers since listing, driven by scrap price hardening and higher iron ore volumes.
Strong growth in Industrial Services and Infrastructure offsets weak Industrial Construction due to legacy project completions.
Laser Power enters high-voltage transmission with key orders from Power Grid and CESC, though heavy rains delayed EPC execution.
Q2 FY27 revenue ₹5,110 mn (+25% YoY), PAT ₹545 mn (-31%), EBITDA margin 20%. H1 revenue ₹9,867 mn (+22%). 680 beds added in H1.
Suraksha delivered strong high double-digit growth in Q2 FY27, crossing the ₹100 crore revenue milestone. Expansion beyond West Bengal is progressing well, though seasonal festive dips are expected in Q3.
Q2 FY27 consolidated revenue ₹1,211 Cr (+54% YoY), EBITDA ₹126 Cr (10.4% margin), PAT ₹99 Cr (+33% YoY). Growth driven by lightweighting and export ramp-up.
Q2 FY27 consolidated PAT ₹1,127 cr (+64% YoY) on total income ₹3,770 cr (+32%). H1 PAT ₹2,029 cr (+64%). CS is 62% of H1 sales; heavy capex cycle underway.
Management reported strong revenue growth but faced EBITDA margin pressure due to volatile raw material prices and increased export logistics costs.
H1 FY27: Revenue Rs152 Cr (+5.8% YoY), EBITDA Rs40 Cr (+10.0%, 26.0% margin), PAT Rs20 Cr (-8.1%). Reagent and trade growth offset instrument decline; Unit 4 ramp-up and Heidelco acquisition are the strategic focus.
Q2 FY27 revenue ₹328.8 Cr (+20.4%), EBITDA ₹68.4 Cr (20.8% margin), PAT ₹56.3 Cr (+197.4%) on inventory gains and branded mix; cash and investments ₹551 Cr.
Mallcom delivered a profitability recovery despite an export slowdown, leveraging domestic demand and lower material costs.
Q2 FY27 standalone revenue ₹773 Cr, PAT ₹63 Cr, EBITDA margin 13.81%. Record PRS revenue of ₹300 Cr offset a sharp freight decline; BHEL Vande Bharat JV signed.
Q2FY27 revenue Rs507cr (+26.9% YoY), adj. PAT Rs25cr (+72.8%), EBITDA margin flat at 10.0%. H1 revenue Rs880cr (+29.5%). Strategy: capacity expansion, margin and ROCE targets.
Automotive Axles delivered record Q2 revenues driven by robust domestic CV demand and replacement cycles, though supply constraints persist.
Q2 FY27 consolidated revenue ₹579.77 Cr (+38.4% YoY), PAT ₹14.87 Cr (+11.1%), but EBITDA margin fell 184 bps to 6.89%. H1 PAT down 24%.
Management reported its highest-ever EBITDA, driven by high-margin after-sales service and strong performance from new brands (BYD, MG, Mahindra), offsetting Q2 weather disruptions in Gujarat.
H1 FY27 total income ₹94.0 Cr (+61% YoY) and EBITDA ₹24.7 Cr (+81%, 26.5% margin). Q2 PAT fell 49% to ₹2.2 Cr on higher finance costs, while the Marriott convention-centre upgrade drives the next leg.
Q2 FY27 standalone revenue ₹528.8 Cr (+107% YoY), EBITDA ₹63.6 Cr (12.0% margin), PAT ₹40.1 Cr (+180% YoY). Management calls it a record quarter; Bhiwadi and E-Beam are scaling.
Q2 FY27 revenue ₹5,063mn (-6.2% YoY), EBITDA ₹574mn at 11.3% margin (-437bps QoQ), PAT ₹396mn (-59.4% YoY). Diversifying into solar EPC; plans 1.2 GW TOPCon cell plant.
Q2 FY27 revenue from ops ₹277.9 Cr (+19.4%), EBITDA ₹53.0 Cr (+9.5%), PAT ₹24.2 Cr (-9.0%). H1 revenue ₹548.7 Cr (+18.8%), EBITDA ₹100.3 Cr (+14.5%), PAT ₹46.0 Cr (+1.2%). Distillery-led growth.
Q2 FY27 revenue INR 2,136 Mn (-39% YoY), PAT loss INR 7 Mn, EBITDA margin 10.48%. Gross bookings +6% YoY; air and corporate momentum improving, hotels softer.
Q2 FY27 consolidated revenue Rs123.7 cr (+21%), EBITDA Rs31.1 cr (25.1% margin), net loss Rs0.3 cr vs Rs3.3 cr profit; capacity expansion at Amta and Panchla.
Q2 revenue up 20% to ₹639 Cr and PAT up 28%, but shrinking customer-brand exits and diluted margins tone down the headline strength.
Q2 FY27 revenue INR 525 Cr (+37.4% YoY), EBITDA INR 66 Cr (12.6% margin), PAT INR 40 Cr (+59.5%). H1 revenue INR 1,010 Cr (+43.1%), PAT INR 75 Cr.
Strong H1 growth (revenue +38%, premium +52%) and shrinking losses, but the draft regulation threatens POSP economics and management gave no numbers on the impact.
H1 FY27 consolidated revenue ₹14,154 Mn (+16% YoY), EBITDA ₹1,622 Mn (11.5% margin), PAT ₹1,114 Mn (+18% YoY). Strategy: diversify into BESS, defence, fibre and owned solar IPP assets.
Q2 FY27 consolidated revenue ₹2,627 Cr (+60% YoY), operating EBITDA ₹127 Cr (4.8% margin), reported PAT loss ₹66 Cr. Entering mobile manufacturing for Oppo; Power-One and Ascent fully owned.
Q2 FY27 revenue ₹106.59 Cr (+5.6% YoY), Operating EBITDA ₹9.58 Cr (9.0% margin), PAT ₹5.09 Cr vs loss. H1 revenue ₹188.33 Cr (+11.0%), PBT turned positive at ₹3.06 Cr. Focus on channel diversification, store rationalisation and working capital.
Q2 FY27 revenue INR 1,609 Cr (+30% YoY), EBITDA INR 187 Cr (11.55%), PAT INR 88 Cr (5.46%). MDO and O&M scaling; order backlog INR 56,729 Cr.