Rajratan Global Wire Q4 FY26 Call Transcript Released; Targets 17-18% Volume Growth in FY27
Rajratan Global Wire released its Q4 FY26 earnings call transcript. The company achieved record sales tonnage, up 18% YoY. For FY27, it targets 17-18% volume growth. Capex includes expanding the Chennai plant to 60,000 tons and a new steel cord facility. Management aims for sustainable EBITDA margins of 13.5-14%.
The announcement provides a detailed outlook on future growth, capacity expansions, and financial targets, which are key factors for investors. The transcript offers insights into the company's strategy and performance drivers.
The company reported record sales tonnage and provided a positive growth outlook for the next fiscal year. Despite short-term margin pressures due to raw material costs, management expressed confidence in passing these on and maintaining healthy margins.
Rajratan Global Wire Limited (RGWL) has released the transcript of its earnings conference call for the quarter and financial year ended March 31, 2026. The call, conducted on April 22, 2026, featured management including Chairman and Managing Director Mr. Sunil Chordia, CEO Mr. Yashovardhan Chordia, and CFOs Mr. Hitesh Jain (India) and Mr. Pranay Jain (Thailand).
During the call, the management highlighted achieving the highest ever sales tonnage, with a year-on-year increase of 18%, totaling over 133,000 tons across three locations. However, the targeted EBITDA for the quarter was not met due to a sudden increase in steel prices (approximately ₹10,000 per ton) from January to March 2026, which could not be fully passed on to customers. Energy prices also impacted EBITDA margins.
The company expects to pass on the price increases in the current quarter and foresees robust demand. RGWL targets a volume growth of around 17% to 18% for the current financial year (FY27). The Chennai plant's capacity is being expanded to 60,000 tons by the second quarter of FY27, with an investment of approximately ₹25 crores. Additionally, a steel cord project for conveyor belts at the Indore facility is underway, with trials expected in the second quarter of FY27, involving an investment of around ₹70 crores (₹45-50 crores already invested, ₹25 crores remaining).
Regarding exports, despite geopolitical disruptions, the market remains robust. While 70% of development efforts are in the tyre segment, the non-tyre segment also contributes substantially. The company is seeing growth in North America (targeting 30% growth), Europe (targeting 50% growth, from a low base), and Southeast Asia (targeting 10-15% growth).
The company aims to maintain consolidated EBITDA margins of 13.5% to 14%. The dip in Q4 FY26 margins was attributed to raw material price hikes, which are expected to be recovered in Q1 FY27. Discussions also covered the merger of Rajratan USA, leading to an increase in other expenses, and the potential benefits of the PLI scheme, though its approval remains uncertain. State investment subsidies from the MP government are also being received.
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Rajratan Global Wire Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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