Vedant Fashions Earnings Call Transcript: Key Takeaways
Q2 revenue ₹269 Cr (+2.4%) and PAT ₹56 Cr (+0.2%) were hit by the festive shift; SSG declined 5.8%, and management offered no hard H2 numbers.
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Q2 revenue ₹269 Cr (+2.4%) and PAT ₹56 Cr (+0.2%) were hit by the festive shift; SSG declined 5.8%, and management offered no hard H2 numbers.
Q2 FY27 MDO segment revenue Rs 433 Cr (+42% YoY), EBITDA Rs 101 Cr at 23% margin, PAT Rs 56 Cr. Record order book Rs 33,081 Cr; mining-led cash flow pivot.
Q2 cement volume rose 4.8% YoY, but EBITDA fell 21% and PAT 44% on cost pressure. Management guides 12-13% H2 volume growth, citing coal supply relief and railway siding savings.
HD Fire Protect delivered strong top-line growth driven by industrial demand, but faces near-term margin pressure from raw material volatility and logistics costs.
Olectra reported strong H1 revenue growth of 25.8%, driven by high volume deliveries in the mobility division.
Q2 revenue fell 3.5% to ₹474 Cr on the Big Billion Days shift, but margins and profit improved sharply (EBITDA margin 18.9%, PAT +27.3%). Management gave no quantified outlook for Q3 or H2.
Page Industries maintained margins within its guided range despite severe raw material inflation and a festive-driven volume shift.
Standalone revenue ₹1,457 Cr, +17% YoY in Q2 (+35% H1), with record ₹8,757 Cr standalone order book. Consolidated PBT ₹102 Cr still weighed down by Philippines ethanol losses.
H1FY27 revenue Rs 927.2 Mn (+8.9%), EBITDA Rs 216.5 Mn (23.3% margin), PAT Rs 145.7 Mn (+16.6%). Focus: utilisation, Manda porcelain capacity by Feb 2027, exports.
H1 FY27 total income ₹27.52 Cr (+58.75%), EBITDA ₹6.46 Cr (+60.91%), margin 23.48%, PAT ₹4.06 Cr (+54.21%). Growth is strong, but railway pad revenue and export contribution remain unquantified and contingent.
Q2 FY27 consolidated PAT ₹701 Cr (+222.9% YoY, +19.9% QoQ); AUM ₹73,303 Cr (+60.1% YoY). Gold-led growth; Asirvad MFI old book shrinking and branches consolidated from 1,503 to 1,428.
H1 FY27 PAT rose 19% to about ₹104 Cr, but Q2 was weak (EBITDA ₹61 Cr), blamed on festive timing. Management deflected peer comparisons and store-level data, and defended the fundraise pricing.
Record Q2 revenue of ₹1,252 Cr (~30% YoY) and PAT of ₹403 Cr, but management declined to guide numbers and operating margin reportedly fell to 38% from 43%.
Q2 revenue rose ~2% to ₹321.6 Cr; operational EBITDA margin fell ~200 bps to 11% on commodity inflation. PAT dipped to ₹22.8 Cr; tractors guided flat on the Maharashtra drought.
Q2 FY27 revenue Rs2,996.5 Cr (+63.5% YoY), Op EBITDA Rs494.4 Cr (16.5% margin), PAT Rs318.5 Cr (+20.5%). Backlog Rs33,335 Cr; capacity expansion continues.
Revenue up 25.2% YoY to ₹80.9 Cr, but EBITDA margin collapsed to 16.35% from 29.3% on upfront sales and talent investment. Management frames it as timing; the proof is conversion.
Q2 FY27 consolidated revenue ₹421 Cr (down 39% YoY), PAT loss ₹362 Cr, gross margin 29.9%. Strategy: dealer-led model, supply-constrained demand, 6 GWh cell SCOD achieved.
Record Q2 FY27: total income Rs 1,714 Cr (+57%), PAT Rs 212 Cr (+422%), EBITDA margin 17.3%. Strategy pivots to premium ester-based lubricants and fluids for EV, BESS, data centres.
H1 FY27 revenue fell 57% YoY to ₹89.5 Cr as low-margin bank product sales were exited. EBITDA was ₹7.8 Cr (8.7% margin) and PAT ₹4.9 Cr. Management gave no numeric FY27 guidance and admitted results were 'not as expected'.
Q2 FY27 revenue ₹267 Cr (+23%) and PAT ₹33 Cr (+43%) are solid. Margin recovery and JV ramp claims are unquantified, and valuation questions were deflected.
Q2 FY27 consolidated revenue Rs68,701L (+4.6%), EBITDA Rs10,989L (+18%), PBT Rs7,274L (+6%); H1 revenue +26%. Mobility drives volume; insulator margins compress sharply.
Q2 FY27 net revenue rose 4% to ₹136 Cr, EBITDA 8% to ₹27.5 Cr, net profit 34%. Premium drives growth, while gross margin fell 280bps on one-time grape costs. Management is optimistic on recovery, with deflection on popular segment and Karnataka.
H1FY27 consolidated revenue ₹75.47 Cr, EBITDA margin 21.57%, PAT ₹8.03 Cr. Railway electrification and electronics drove margin expansion.
Q2FY27 standalone revenue Rs 261 Cr (+22.5%), PAT Rs 47 Cr (+126.5%), EBITDA margin 33.2%. Rs 3,937 Cr order book; Space/Met/Hydro demerger approved in principle.
Q2 FY27 standalone total income ₹1,656L (+24.5% YoY) and PAT ₹41.6L versus prior-year loss. Consolidated Q2 income fell 9.2% and PAT was ₹13.1L. Order book ₹83.4 Cr.
Q2 FY27 consolidated revenue ₹399 Cr (+23%) and EBITDA margin 9.1% (vs 3.6%); PAT ₹71 Cr includes ₹69 Cr exceptional items. Strategy: value-added mix, ATUM, V-Next growth, deleveraging.
H1 FY27 revenue fell 31% to ₹77.87 Cr. Management blames deferred orders and rollouts, and reiterates FY27 20-25% growth with minimal visibility.
H1 FY27 deck gives no H1 P&L figures. FY26 consolidated total income ₹172.79 Cr, EBITDA ₹30.65 Cr (17.74%), PAT ₹17.78 Cr. Non-auto mix rising to 33%.
Q2 FY27 revenue Rs 14,396mn (+11.5% YoY), EBITDA Rs 3,001mn (20.8% margin), PAT Rs 2,025mn (+4%). Volume-led growth; festive demand and new launches cited.
Q2FY27 revenue ₹1,273.36 Mn (+28.79% YoY), EBITDA ₹375.41 Mn (+29.22%), PAT ₹288.87 Mn (+41.04%). Strategy: certifications-led export growth, Saudi Arabia push.