ELGIEQUIP Q1 FY27 Guidance vs Delivery (ELGIEQUIP Management Mirror)

Q1 FY27 Revenue Reported at INR 10,622 Million, Exceeding Prior Guidance of 12% Growth Rate; Long-Term EBITDA Margin Target Reaffirmed at 18% by FY31

In the Mar'26 Qtr concall, management guided Q1 FY27 top-line growth to match or slightly exceed the FY26 rate of 12%, with bottom-line margins roughly stable QoQ. Reported actuals in the Jun'26 Qtr financial results showed revenue of INR 10,622 million (+22.6% YoY), exceeding the guided growth rate. Consolidated EBITDA was reported at INR 1,553 million with a 14.6% margin. The Jun'26 Qtr concall noted ~23% YoY top-line growth (7% exchange-related), and management reaffirmed the long-term target to reach an 18% EBITDA margin by FY31 (with a step-up target of 20%), driven by operating leverage, new product introductions, and a 3-to-4-year process transformation.