Vtm earnings calls.

VTM Ltd reported Q4 FY26 with 8% revenue growthCurrent reported value: 8% revenue growth. No comparable prior figure is available in the source record. reaching ₹372 croreCurrent reported value: ₹372 crore. No comparable prior figure is available in the source record., but PAT collapsed 75% YoY to ₹11 croreCurrent reported value: 75% YoY to ₹11 crore. No comparable prior figure is available in the source record. as EBITDA margin compressed to 7.43%Current reported value: 7.43%. No comparable prior figure is available in the source record. from ~19% in FY25. The steep decline was primarily driven by ₹20 crore tariff discountsCurrent reported value: ₹20 crore tariff discounts. No comparable prior figure is available in the source record. given to US customers (18% discount on goods), ₹8 crore chargebacksCurrent reported value: ₹8 crore chargebacks. No comparable prior figure is available in the source record., and ₹2.3 crore mark-to-market forex lossCurrent reported value: ₹2.3 crore mark-to-market forex loss. No comparable prior figure is available in the source record. on PCFC loans. Raw material costs also surged 15% due to elevated cotton futures. The CFO guided for 10-11% EBITDA marginCurrent reported value: 10-11% EBITDA margin. No comparable prior figure is available in the source record. as realistic sustainable target for FY27, down from prior 19% peak. Order backlog stands at $6.5 millionCurrent Order backlog stands at $6.5 million. Reported change: Strong coverage. as of late May. Management targets 12-14% revenue growthCurrent reported value: 12-14% revenue growth. No comparable prior figure is available in the source record. in FY27 with capex now complete and new looms coming online. The company is aggressively diversifying into UK, Europe, Japan, and Australia markets—customer onboarding typically takes ~1 year with fruits expected in 2-3 quarters. Risk remains elevated US tariff exposure and ongoing price sensitivity negotiations with major customer Queens. Normalized PBT without one-time items would have been ₹32 crore.Current reported value: Normalized PBT without one-time items would have been ₹32 crore.. No comparable prior figure is available in the source record.