LLOYDSME Q1 FY27 Guidance vs Delivery (LLOYDSME Management Mirror)

Triveni EBITDA Margin Hits 24.63% in Q1 FY27; Full-Year Guidance Reaffirmed at 28-30% Contingent on Fuel Cost Pass-Throughs

In Dec'25 Qtr concall, management guided Thriveni FY26 EBITDA at INR 2,000 crores to INR 2,200 crores on revenue of INR 7,500 plus crores. In Mar'26 Qtr concall, the company reported FY26 total income of approximately INR 7,997 crores and EBITDA of INR 1,990 crores. During the Dec'25 Qtr concall, management initiated FY27 guidance of INR 10,000 plus crores in revenue with an expected EBITDA of close to INR 3,000 crores. In Jun'26 Qtr concall, Triveni reported Q1 FY27 revenue from operations of INR 2,672 crores and an EBITDA of INR 658 crores with margins at 24.63%, marginally impacted by higher fuel costs due to the Gulf crisis. Despite the Q1 impact, management reaffirmed Triveni's full-year EBITDA margin guidance of 28% to 30%, contingent on concluding pass-throughs of fuel costs to clients and scaling volumes throughout the year.