RAJESH Q2 FY27 Guidance vs Delivery (RAJESH Management Mirror)

H1 FY27 EBITDA Margin Reaches 12%, Meeting Mar'26 Qtr Sustainable Profitability Guidance

For H1 FY27, reported revenue grew 46% YoY to Rs 929 crore, with EBITDA margins at 12% and PAT margins at 8.5%. This performance aligns with management's earlier guidance from the Mar'26 Qtr concall, where they targeted sustainable EBITDA margins of 11% to 12% and PAT margins of 8% to 9% for FY27. Management has now reaffirmed this profitability guidance for the full-year FY27, alongside reaffirming their top-line growth projection of 35% to 40%. Looking ahead, the company expects to sustain approximately 40% top-line growth over the next 4 to 5 years while targeting positive operating cash flow for the full year.