UNIPARTS Q1 FY27 Guidance vs Delivery (UNIPARTS Management Mirror)

Revenue Reported at Rs 3,474 Million in Q1 FY27, Beating Mid-Teens Initial Target; FY27 Guidance Raised to >21% Growth on Strong Construction Equipment Momentum

Management's initial guidance in the Dec'25 Qtr concall projected mid-teens revenue growth for FY27, supported by sequential end-market recoveries. By the Mar'26 Qtr concall, this was revised, with management expecting FY27 growth to be in line with the ~21% achieved in FY26. For Q1 FY27, management guided in the Mar'26 Qtr concall that revenue would be in line with Q4 FY26. As reported in the Jun'26 Qtr results, Q1 FY27 revenue from operations came in at INR 3,474 million (Rs 347 crore). Following this performance, management upgraded its full-year FY27 guidance in the Jun'26 Qtr concall, now expecting YoY revenue growth to be a couple of percentage points better than the 21% growth achieved in FY26, driven by stronger-than-expected growth in construction equipment. Q2 FY27 is guided to remain robust and perform in a similar range to Q1 FY27, with the second half of the fiscal year expected to be stronger than the first half as the agriculture sector recovers.