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Earnings Call Transcript

Rico Auto Industries Earnings Call Transcript: Key Takeaways

Q2 revenue of ₹852 Cr came with EBITDA of ₹9.3 Cr and a ₹26.3 Cr loss, driven by air-freight and input costs. H1 loss is ₹29.7 Cr.

Rico Auto Industries Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthQ2 revenue ₹852 Cr; no YoY % stated; 'healthy' growth claimed.
MarginsEBITDA ₹9.3 Cr on ₹852 Cr revenue; profitability lagging revenue.
Demand visibilityDomestic demand strong; hybrid and EV volumes rising; Q4 seasonally strong.
Management confidenceDefensive and apologetic; confident of Q4 recovery without numbers.

Growth

Q2 revenue ₹852 Cr; H1 ₹1,607 Cr. No YoY growth % disclosed, though management called revenue growth healthy.

Outlook

FY27 revenue target above ₹3,200 Cr; air freight to end November; no quantified profit target given.

Risks

Air-freight and inflation costs unrecovered; customer price negotiations unresolved; single-source exposure to Toyota, BMW.

Last quarter's promises, checked

Delivered

  • Q2 revenue 'crossing INR840 Cr' → ₹852 Cr (= BEAT)

Partly delivered

  • Air freight to 'peak Q2, cease Q3 onwards' → still running, now to end-November (= PARTIAL)
  • ~50% air-freight recovery from one customer → two domestic customers agreed, amount undisclosed (= PARTIAL)

Missed

  • Q2 PAT 'will be better' than Q1 loss ₹3.4 Cr → Q2 loss ₹26.3 Cr (= MISS)
  • Q2 EBITDA margin 'in between' ~4.6% and ~10% → ~1.1% (₹9.3 Cr/₹852 Cr) (= MISS)
  • FY27 EBITDA margin 'target around 12%' → H1 ~2.7% (₹44.1 Cr/₹1,607 Cr) (= MISS)
Source

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

Read the document ↗

Rico Auto Industries Ltd: key numbers

Share price
₹97.76
Market cap
₹1,323 Cr
Revenue (annual)
₹2,478 Cr
Net profit (annual)
₹50.51 Cr
P/E (TTM)
-98.4×Sector 32.4×
Promoter holding
50.33%+0.00% QoQ
FII holding
3.18%Current quarter

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

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12:37 IST BSE
Earnings Call

Rico Auto Industries Investor Presentation: Key Takeaways

Q1FY27 revenue grew 39% YoY to ₹755 Cr, but profitability was hit by high air freight and raw material lag. Management remains confident in hitting ₹3,250 Cr revenue for FY27 with margin recovery.

Call
Guides 30% growth