RACL Geartech earnings calls.

RACL Geartech delivered a strong Q1 FY27 with consolidated revenue of ₹132.6 croreCurrent reported value: consolidated revenue of ₹132.6 crore. No comparable prior figure is available in the source record. (+22Current 22 crore vs previous available quarter 20.6 crore.% YoY), driven by robust domestic growth and KTM's rebound to pre-COVID volumes. EBITDA grew 18% to ₹32.19 croreCurrent reported value: EBITDA grew 18% to ₹32.19 crore. No comparable prior figure is available in the source record. with margins at 24.28Current 24.3 crore vs previous available quarter 22.2 crore.%, though margin contracted ~87bps due to raw material mix. PBT surged ~50% to ₹16.82 croreCurrent PBT surged ~50% to ₹16.82 crore. Reported change: +20-30pp from trough. on operating leverage, though Q1 effective tax rate spiked to ~47% due to deferred tax adjustments from tax rate changes. BMW project remains on track with final approval expected October 24, 2026 and commercial supplies from October-November 2026. Royal Enfield nomination of 10,000 sets/month is ramping from 7,500-8,000 currently. ZF utilization at 50-60%Current 50-60%. Reported change: +20-30pp from trough. with NX5 SUV volumes improving. New heat treatment plant (₹40 crore capex) on track for trial production January 2027, shifting from LPG to electric. Management reiterated FY27 revenue guidance of ~₹570 crore (+16-17%) and targets 15-20% annual growth trajectory. Key risk: domestic price sensitivity, multi-supplier strategy at Royal Enfield, and geopolitical/logistics volatility for export RFQs.