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Earnings Call Transcript

Zetwerk Manufacturing Businesses Earnings Call Transcript: Key Takeaways

Q2 FY27 revenue rose 12% QoQ, gross profit 39% QoQ, and adjusted EBITDA reached ₹171 Cr (+66% QoQ). Operating cash flow is still negative, and the call was the first after the October IPO.

Zetwerk Manufacturing Businesses Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growthRevenue +12% QoQ; H1 +33% YoY; gross profit +39% QoQ, margin-led.
MarginsGross margin ~15% vs 13% YoY, 12% QoQ; targets ~21% FY27.
Order book₹14,500 Cr backlog, +67% YoY; ~2-year conversion; supply-constrained.
Demand visibilityBacklog ₹14,500 Cr, +67% YoY; claims three-year revenue coverage.
Management confidenceConfident, promotional; defensive on negative OCF and interest timing.

Growth

Gross margin ~15% (12% prior quarter) drove gross profit +39% QoQ via operating leverage. OCF still negative, improved 67% QoQ.

Outlook

Guides FY27 revenue +25-30% and adjusted EBITDA +60-70% on ₹420 Cr base; PBT positive in H2; FY27 OCF neutral-to-positive.

Risks

OCF still negative; US AI capex exposure 10-20% of order book; India solar slowdown; discontinued-ops drag; ESOP charges.

Source

Earnings Call Transcript filed with NSE, NSE: ZETWERK. Summary written with AI assistance from the document.

Read the document ↗

Zetwerk Manufacturing Businesses Ltd: key numbers

Share price
₹184.53
Market cap
₹31,264 Cr
Revenue (annual)
₹15,913 Cr
Net profit (annual)
₹-1,632 Cr
Promoter holding
15.71%
FII holding
7.56%Current quarter

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

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