INTERARCH Q1 FY27 Guidance vs Delivery (INTERARCH Management Mirror)

FY28 Revenue Target Upgraded to Rs 2,700 Crore Driven by Heavy Structures and Exports; FY27 Reaffirmed at Rs 2,150-2,200 Crore

Management's revenue outlook has seen consecutive upward revisions. In the Dec'25 Qtr concall, FY26 revenue expectations were raised to ~INR 1,900 crores (from an original target of INR 1,710-1,720 crores). In the Mar'26 Qtr concall, the company reported FY26 total revenue of Rs. 1,898 crores. For FY27, guidance initiated in the Dec'25 Qtr concall anticipated 12% to 15% growth to cross an earlier INR 2,060 crores target. This was upgraded in the Mar'26 Qtr concall to Rs. 2,150 crores to Rs. 2,200 crores, and subsequently reaffirmed in the Jun'26 Qtr concall, representing mid-teens growth with a volume target of approximately 190,000 metric tons. Long-term FY28 revenue guidance was reaffirmed at INR 2,500 crores in both the Dec'25 and Mar'26 Qtr concalls, but upgraded in the Jun'26 Qtr concall to 2,700 crores, driven by upcoming heavy structure capacity and exports. For the Jun'26 Qtr, Quarterly Financial Results reported revenue of 45,965 INR Lakh (management concall reported 460 crores), with sales volume of 38,500 metric tons.