Elgi Equipments Ltd.Revenue +23%, EBITDA +28%, PAT Margin 9.7%

Elgi Equipments reported Q1 FY27 revenue growth of about 23%, of which 7 percentage points came from exchange, and EBITDA growth of 28%, with the EBITDA margin held at or slightly above last year's level.

India standalone grew 28%, North America 37%, Europe 21% and Australia 17%, and Managing Director Jairam Varadaraj said the India growth was primarily volume driven, helped by the Demand=Match technology launched last September. Profit after tax was 9.7%, roughly as a year earlier, after reorganisation costs in Australia, Europe and the US. Raw material costs rose about 5% against a planned 3% to 4%, and price corrections will show from late Q2 and fully in Q3. The US tariff is 25% and has been absorbed.

Management launches a low-cost tier 4 compressor range in September, will roll out Demand=Match worldwide this year, and targets an EBITDA margin of 18% by 2031 and ultimately 20%. The call gave no absolute rupee figures.