JASH Q1 FY27 Guidance vs Delivery (JASH Management Mirror)

FY27 Sales Guidance Reaffirmed at Rs 875 Crore Amid Upgraded 13-14% PAT Margin Target, Contingent on Geopolitical Stability

In the Mar'26 Qtr concall, management initiated FY27 consolidated sales guidance of INR875 crore, supported by an INR899 crore order book. FY27 PAT margin guidance was conservatively set at 12-13% due to rising raw material prices, with gross margins expected between 50-55%. During the Jun'26 Qtr concall, management reaffirmed the 875.00 crore sales outlook, projecting 320.00 crore within India and 555.00 crore outside India. The FY27 PAT expectation was guided at 100.00 to 105.00 crores, upgrading the PAT margin target to a realistic 13% to 14%, contingent on no further geopolitical disruptions. For the Jun'26 Qtr (Q1 FY27), management commentary reported consolidated revenue of 156.00 crores and a positive PAT of 5.00 crores. The Quarterly Financial Results reported actual Jun'26 Qtr revenue of 14,988 Lakhs, EBITDA of 811 Lakhs (5.4% margin), and PAT of 486 Lakhs.