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Revenue
₹59 Cr
verified against source
Revenue YoY
27%
reported change
EBITDA
₹23 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Emmforce Autotech reported FY26 revenue of ₹113 crore (up 27% YoY) and EBITDA of ₹23 crore (up 28% YoY), with EBITDA margins at 20%. PAT moderated to ₹8 crore due to pre-hiring for new projects and higher depreciation from capacity expansion. The company secured a multi-year order book exceeding ₹500 crore, including a US export order contributing ₹60 crore annually from FY27. Management guided FY27 revenue of ₹165 crore (auto) + ₹30 crore (agri) and FY28 target of ₹240 crore, with EBITDA margins of 20-22% and PAT margins of ~10%. Key risks include global economic slowdown impacting export demand and slower-than-expected scale-up in the agri segment.
Colored figures show movement against the previous available record.
Guidance to track
- Automotive segment ₹165 crore, agri segment ₹30 crore, implying ~73% YoY growth.
- Agri segment to contribute ~₹50 crore, automotive the balance.
- Supported by operating leverage, backward integration, and scale efficiencies.
- Expected as revenue scales and depreciation impact moderates.
Risks flagged
- A broad recession could reduce export demand, though management sees no near-term signs.
- Achieving ₹30 crore from a ~₹4 crore base requires rapid ramp-up; analyst questioned visibility.
- High contribution from key customers could pose risk if any reduces orders.
- Elevated working capital due to export cycle; management confident of bank funding but remains a risk.
Key quotes
- We are over busy. There is no shortage of orders that we have seen from any corner so far.
- We kept ourselves conservative. The numbers we feel that they're going to be much more.
- Now everything is behind us and the projects are right now into the execution stage.
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