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Revenue
₹111.7 Cr
verification pending
Revenue YoY
100%
reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
LT Elevator reported a landmark FY26 with revenue of 111.7 crore, nearly doubling YoY, and PAT of 17 crore+. Growth was driven by strong execution in government EPC projects and early traction in B2C elevators via digital channels. The company is pursuing a strategic merger with Ricardo Elevators (order book 70-80 crore) to expand D2C capabilities and has started exports to Malaysia and Australia. A new plant with 2.5x capacity (capex ~25 crore) is expected to commission by Q4 FY27, targeting 350-400 crore revenue by FY28-29. Management guided for 80%+ revenue growth in FY27, with B2C expected to contribute 35% of revenue. Key risk: government payment delays could pressure working capital if not offset by faster B2C cash cycles.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects revenue to grow over 80% in FY27, driven by organic growth and Ricardo merger.
- B2C elevator segment is targeted to account for 35% of total revenue, up from negligible in FY26.
- The new facility with 2.5x capacity (capex ~25 crore) will be operational by Q4 FY27, targeting 350-400 crore revenue by FY28-29.
- Management indicated that blended EBITDA margins are sustainable at around 25% going forward.
Risks flagged
- Management noted that government payments have slowed, with March collections lower than expected, impacting working capital.
- Steel prices have risen significantly; management has raised prices and uses escalation clauses but impact on margins remains uncertain.
- A 7 crore goodwill impairment and 17x increase in other current assets were noted but management could not explain them on the call.
- Current capacity is limited to ~150-160 crore revenue; management is outsourcing and adding temporary capacity, but execution risk remains.
Key quotes
- We have surpassed 100 crores of revenue. Roughly our top line was 111.7 crores, representing a growth of very close to 100%.
- We want to exit the financial year at 100 plus elevators per month from B2C alone.
- The target is to grow roughly 80% plus this year.
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