Lohia Corp Q1 FY27 Revenue Surges 60% to ₹503 Crore, PAT at ₹66 Crore
Lohia Corp reported a 60% YoY revenue growth to ₹503 crore in Q1 FY27. PAT increased to ₹66 crore from ₹17 crore. The order book stands at ₹1,778 crore. The company launched new products and is expanding into recycling machinery. Revenue is projected to grow 20-25% annually.
The significant increase in revenue and profitability, coupled with a strong order book and strategic initiatives like new product launches and expansion into recycling machinery, are expected to have a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax. The order book is robust, and new product launches indicate innovation and market expansion, contributing to a positive outlook.
Lohia Corp Limited announced its financial results for the first quarter of FY27, reporting a significant 60% year-on-year increase in revenue from operations, reaching ₹503 crore compared to ₹315 crore in the corresponding quarter last year.
The company's EBITDA also saw a substantial jump of 276% to ₹100 crore, with EBITDA margins improving to 19.9% from 11.5% in the previous year. Profit after tax (PAT) for the quarter stood at ₹66 crore, a considerable increase from ₹17 crore in the same period last year, resulting in a PAT margin of 13%.
The order book at the end of the quarter was approximately ₹1,778 crore, indicating healthy future revenue visibility. International markets contributed about 41% of the revenue during the quarter. The company highlighted the launch of new products, including the multi-layer coating line, Co Ex 1600, and the nova 6 plus circular loom, aimed at enhancing productivity and expanding market reach.
Lohia Corp also focused on strengthening customer support by establishing a virtual remote assistance center and introducing a training program for block bottom bag machines through its Technical Training and Research Centre (TTRC). The company is also venturing into the polyolefin recycling machinery business.
Management expressed confidence in sustained growth, expecting revenue to increase by 20% to 25% annually. They anticipate maintaining EBITDA margins around 20%, driven by operating leverage and improved efficiencies. The company's current capacity utilization is around 75%, with a potential to reach 85%.
A plain-language summary of a public exchange filing by Lohia Corp Limited. Read the original for the full detail.