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Earnings Call Transcript

EPack Prefab Technologies Earnings Call Transcript: Key Takeaways

Q2 revenue hit a record ₹501 Cr and H1 rose 19% to ₹867 Cr, but profit rose only 2% and operating cash flow turned negative. Working capital is about 60 days against a 40–45 day guidance, and steel cost pass-through lagged.

Epack Prefab Technologies Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 25.0%
Highlights
Revenue growthH1 +19% to ₹867 Cr; Q2 ₹501 Cr, a record quarter.
MarginsEBITDA margin 10.1% Q2 vs 9.4% Q1; gross margin down ~2.3%.
Order book₹1,462 Cr, about 8–9 months execution visibility.
Demand visibilityH1 order inflow +71% to ₹1,124 Cr; data-centre demand emerging.
Management confidenceOver-optimistic: firm H2 claims; escalations not standard yet.

Growth

H1 revenue rose 19% to ₹867 Cr while profit rose only 2%. Gross margin fell about 2.3%, and EBITDA margin recovered to 10.1% in Q2 from 9.4% in Q1.

Outlook

FY27 revenue guidance of ₹1,900 Cr and 10–10.5% EBITDA margin maintained. Management targets 25–30% growth for the next couple of years, with no named year.

Risks

Negative operating cash flow and working capital near 60 days versus a 40–45 day target. Steel prices rose 17–18%, and price escalation clauses are not yet standard.

Last quarter's promises, checked

Delivered

  • H1 orders ≥50% of ₹2,000 Cr FY27 target → ₹1,124 Cr (= BEAT)
  • Order book 6–8 mo cover on ₹1,380 Cr → ₹1,462 Cr, 8–9 mo (= BEAT)
  • Ghiloth line commission by Q1-end → commissioned (= BEAT)

Partly delivered

  • FY27 revenue ₹1,900–1,950 Cr → H1 ₹867 Cr, H2 open (= PARTIAL)
  • 1 turnkey data-centre order by Q2-end → none named (= PARTIAL)

Missed

  • EBITDA 10.5–11.5% from Q1 → Q2 10.1% (= MISS)
  • FY27 growth 25–30% → H1 +19% (= MISS)
  • Sandwich utilisation 70%+ FY27 → Q2 47–48% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: EPACKPEB. Summary written with AI assistance from the document.

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EPack Prefab Technologies Ltd: key numbers

Share price
₹205.19
Market cap
₹2,065 Cr
Revenue (annual)
₹1,525 Cr
Net profit (annual)
₹92.64 Cr
P/E (TTM)
21.8×Sector 32.4×
Promoter holding
64.96%+0.01% QoQ
FII holding
0.71%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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