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Revenue
Pending
verification pending
Revenue YoY
30%
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.
Vilas Transcore reported a 30% YoY revenue growth for FY26, driven by 64% volume growth in CRGO lamination, though realizations were impacted by a sharp correction in CRGO prices. EBITDA margin contracted 151 bps to 11.17% due to ramp-up costs at the new Unit 3 facility and higher-cost local mill purchases. Management guided for 45-50% volume growth in CRGO lamination in FY27, targeting 30,000 MT, with revenue growth of 30-40% assuming stable CRGO prices around ₹210/kg. New product lines (radiators, nano-crystalline cores, copper conductors) are expected to contribute ~₹150-170 crore in FY27. The key risk is further CRGO price volatility or imposition of anti-dumping duties, which could disrupt supply and compress margins.
Colored figures show movement against the previous available record.
Guidance to track
- Targeting 30,000 MT volume in FY27, up from ~19,500 MT in FY26, driven by improved utilization of expanded capacity.
- Revenue expected to reach ₹750-800 crore, assuming CRGO price of ~₹210/kg and contributions from new products.
- Management expects margins to stabilize around 11-12% EBITDA, with potential improvement if CRGO prices stabilize or rise.
- Trial production by September 2026, targeting 1,000 MT in FY27, contributing ₹100-120 crore revenue.
Risks flagged
- Sharp price corrections and potential anti-dumping duties on Chinese imports could disrupt supply and compress margins.
- Management admitted buying 25% from local mills at 5% premium to maintain relationships, impacting gross margins by 1.8-2%.
- Radiator and nano-crystalline core utilization is low (20-25% targeted), and copper conductor is yet to start commercial production.
- West Asia conflict has doubled transformer oil prices and increased packing material costs by 50%, affecting customer orders.
Key quotes
- We are targeting around 45% to 50% growth in CRG lamination volume as utilization level improve further across the expanded capacity.
- If dumping duty will be there then C price will increase not remain stable. It will be increased by 25 30 rupees.
- We are not going to plan transformer factory or transformer manufacturing in villa transcope because that will spoil our existing business.
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