SHRIPISTON Q1 FY27 Guidance vs Delivery (SHRIPISTON Management Mirror)

Q1 FY27 EBITDA Margin Reported at 17.5%; Temporary Margin Lag Expected to Resolve in Subsequent Quarter Amid Normalizing Commodity Pressures

In the Dec'25 Qtr concall, management expected strong growth momentum to continue into the next fiscal year. By the Mar'26 Qtr, management initiated targets for newly acquired subsidiaries (excluding the EV motor startup) to approach the standalone company's ~20% plus margin levels in under 3 years, up from historical 9% to 10% levels. In the Jun'26 Qtr concall, management noted margins faced a temporary negative EBITDA impact of 300 million due to elevated commodity prices and logistics inflation, compounded by a one-quarter time lag in price adjustments. For the Jun'26 Qtr (Q1 FY27), reported actuals showed Revenue of INR 14,744 million, EBITDA of INR 2,580 million, and an EBITDA Margin of 17.5%. Going forward, management expects the temporary margin lag will be resolved through back-to-back contract adjustments in the subsequent quarter, and notes operating margins for the acquired automotive interiors business have improved from historical levels of 7% to 8% to the early-to-mid teens.