Simplex Castings earnings calls.

Simplex Castings delivered a strong Q1 FY27 with 35% YoY revenue growthCurrent reported value: 35% YoY revenue growth. No comparable prior figure is available in the source record. to Rs 60.94Current reported value: 60.94. No comparable prior figure is available in the source record. crores and 45% PAT growthCurrent reported value: 45% PAT growth. No comparable prior figure is available in the source record. to Rs 6.86Current reported value: 6.86. No comparable prior figure is available in the source record. crores, driven by robust demand across steel, power, and emerging verticals. The near-term order book expanded to Rs 150 croresCurrent Rs 150 crores. Reported change: +50-70% vs historical range. (vs historical 80-100 crores), providing solid revenue visibility for FY27. Management reiterated the Rs 300 crores FY27 targetCurrent reported value: Rs 300 crores FY27 target. No comparable prior figure is available in the source record. and Rs 500 crores by FY28Current reported value: Rs 500 crores by FY28. No comparable prior figure is available in the source record., with the growth powered by railways (100+ crores expected), power sector fabrication (100 crores), and defense/shipbuilding (10-15% of revenue). A strategic shift toward faster-moving, higher-margin products with shorter execution cycles is underway, targeting working capital days of 60-70 by FY28. Current capacity utilization of 50-60%Current 50-60%. Reported change: Target 80% by FY28-end. is expected to rise to 80% by FY28-end via debottlenecking and selective capex. Risks include execution challenges in working capital transformation, margin pressure from new lower-margin business segments, and cyclicality in steel/railway capex cycles. The green hydrogen project was terminated due to GST complications on a government grant.