PRITIKAUTO Q4 FY26 earnings call.
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Revenue
₹138.46 Cr
verified against source
Revenue YoY
36.2%
reported change
EBITDA
₹16.64 Cr
latest reported figure
Source
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record provenance
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Where this quarter sits.
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What the record says.
Pritika Auto Industries delivered Q4 FY26 revenue of ₹138.46 crore (+36.2% YoY), the highest-ever quarterly performance, with full-year revenue reaching ₹482.95 crore (+35.3% YoY). EBITDA margin contracted to 12.02% in Q4 from approximately 16% year-ago due to raw material cost inflation (particularly gas and chemicals) in March and higher operating expenses—management characterizes this as temporary, expecting margin recovery to 15-16% in Q1 FY27. The company grew volumes 34% versus market growth of 16-17%, gaining market share with existing OEM customers. FY27 growth guidance is ~15% with better margins, supported by planned capacity expansion of 7,800 tons (₹35 crore capex) to reach 80,000 tons, followed by 20,000+ tons LFC expansion in FY28 targeting 100,000 tons. Key risks include raw material and freight cost volatility, diesel price pass-through delays, and potential interest cost pressure from incremental debt for expansion. Railway diversification and export markets (South Korea, US) represent medium-term growth levers.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to grow at approximately 15% in FY27, outpacing OEM customer guidance of 6-8% industry growth, driven by new projects and increased content with existing customers.
- Margins are expected to revert to 15-16% range from Q1 FY27 onward, assuming no further geopolitical disruptions affecting raw material and energy costs.
- Adding 7,800 metric tons of foundry capacity (green sand technology) in H1 FY27 at a capex of approximately ₹35 crore, taking total capacity to ~80,000 tons.
- Medium-term target of ₹600 crore revenue remains the reference point, achievable through volume growth from existing OEMs, scaling high-value products, and railway contributions.
- FY27 capex guidance is approximately ₹25-30 crore covering the 7,800-ton expansion, machining capacity additions, new product development, and railway-related tooling.
Risks flagged
- Raw material prices increased 4-6% in March 2026 due to gas and chemical cost surge. While costs are normally passed through with a quarterly lag, this creates near-term margin pressure before full recovery.
- Diesel prices have been increasing steadily, impacting both inbound raw material costs and outbound delivery expenses. Unlike raw materials, freight costs require separate customer negotiations for pass-through.
- Legacy products with lower value addition constitute ~60% of current product mix. These legacy components experience margin erosion over time but take years to phase out as tractor models have long lifecycle.
- Top three customers (Eminem, Escorts, TAFE) contribute 50-55% of revenue. While management sees this as stable, any loss of major customer or slowdown in tractor OEM demand could disproportionately impact results.
Key quotes
- We expect to revert back and we should rather improve on that because as capacity utilization improves the margins will also improve.
- The market has grown by 16-17%. We have grown by 34%. We have gained market share with almost all our customers.
- For next 2-3 years the focus would be exports so that our margins can improve. And second would be railways which again we are very aggressively working on.
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