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Revenue
₹124 Cr
verified against source
Revenue YoY
30%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Batliboi reported Q3 FY26 revenue of ₹124 crore, up 30% YoY, driven by broad-based segment improvement despite textile headwinds. PBT before exceptional items surged to ₹4.8 crore from ₹0.85 crore last year, aided by operational leverage. Order backlog stood at ₹586 crore with Q3 inflows of ₹222 crore. Management cited textile sector challenges from US tariffs and EU issues, but noted resolution via the Indo-US trade agreement (duty reduced to 18%) and Indo-EU deal, which should boost textile machinery and zero-liquid discharge demand. Capex of ₹27 crore completed, with another ₹10 crore planned, including 1 MW solar to cut energy costs. Guidance for FY27 remains cautious pending fine print of trade deals; margins are expected to improve only marginally due to competitive pressures. Risk: textile recovery may be slower than anticipated if trade agreement details are less favorable.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to provide a higher revenue growth guidance for FY27 after Q4 results, citing improved textile demand from trade deals.
- Planned additional capex of ₹10 crore including 1 MW solar installation, expected to be commissioned by March 2026.
- Management does not expect dramatic margin improvement; double-digit margins unlikely due to competitive pressures.
Risks flagged
- The Indo-US trade agreement's fine print is not yet available; actual tariff reductions may be less favorable than expected.
- Letters of credit from Bangladesh remain problematic, affecting export order realization; resolution tied to political situation.
- Management admitted margins are unlikely to reach double digits due to competitive pressures in capital goods, despite volume growth.
Key quotes
- Our PBT before these exceptional items of the labor code impact increased to rupees 4.8 crores from rupees 85 lakhs in the same quarter last year, reflecting nearly a five times multiple.
- Double digit margins will only happen if all our businesses operate at double digit. But that's not so... I would say that don't expect dramatic change in margins.
- We will revise our guidance once this year is over. We look at the 26-27 financial year when we give you some idea towards the end of our Q4 results.
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