What was LT Elevator's revenue in Q4 FY26?

LT Elevator reported revenue of ₹112 Cr in Q4 FY26, a +100% change year-over-year.

Did LT Elevator management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

LT Elevator Q4 FY26 Research Workspace: Revenue ₹112 Cr (+100%)

Q: What guidance did LT Elevator management give?

FY27 revenue growth of 80%+: Management expects revenue to grow over 80% in FY27, driven by organic growth and Ricardo merger.

Revenue ₹112 Cr +100%

EBITDA —

PAT ₹17 Cr

EBITDA Margin 25%

Duration 56 min

Read Time 1 min read

Financial stats pending filing verification

2-Minute Summary

✦ AI-Generated from Full Transcript

LT Elevator reported a landmark FY26 with revenue of 111.7 crore, nearly doubling YoY, and PAT of 17 crore+. Growth was driven by strong execution in government EPC projects and early traction in B2C elevators via digital channels. The company is pursuing a strategic merger with Ricardo Elevators (order book 70-80 crore) to expand D2C capabilities and has started exports to Malaysia and Australia. A new plant with 2.5x capacity (capex ~25 crore) is expected to commission by Q4 FY27, targeting 350-400 crore revenue by FY28-29. Management guided for 80%+ revenue growth in FY27, with B2C expected to contribute 35% of revenue. Key risk: government payment delays could pressure working capital if not offset by faster B2C cash cycles.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Government payment delays

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Quarter Snapshot

Order Book (LT Elevator + ParkSmart) 250 Cr

+2.5% QoQ

Order book stands at 250 crore, with 55% elevators and 45% car parking.

Ricardo Elevators Order Book 70-80 Cr

+56% QoQ

Ricardo's order book grew from 45 crore to 70-80 crore, now being executed by LT Elevator.

B2C Elevator Monthly Exit Target 100+ units/month

New target

Management targets exiting FY27 at over 100 B2C elevator orders per month.

Export Pricing Premium 50% higher than India

N/A

Export orders (Malaysia, Australia) are priced 50% above domestic levels, with strong demand.

Fast read

Guidance and risk preview

Top guidance FY27 revenue growth of 80%+

Management expects revenue to grow over 80% in FY27, driven by organic growth and Ricardo merger.

Top risk Government payment delays

Management noted that government payments have slowed, with March collections lower than expected, impacting working capital.