Centum Electronics LtdCapital Goods & EngineeringCENTUM
Q1 FY27 concall · earnings callCentum Electronics Ltd
The quarter was marked by a muted start due to project phasing, but strong order book growth and the exit from overseas subsidiaries sharpen focus on core high-reliability electronics in India.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Stand-alone Revenue | ₹205 Cr | 11% | |
| Stand-alone Order Book | ₹1,800 Cr | 31% | |
| EBITDA Margin (Stand-alone) | 11.28% | — | |
| PAT Margin (Stand-alone) | 6.59% | — | |
| One-time gain from deconsolidation | ₹94 Cr | — | |
| Order Inflow (Stand-alone) | ₹360 Cr | 70% |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹281.35 Cr-5.6% YoY+8.3% QoQ | ₹-19.30 CrTurned loss-making YoYLoss widened QoQ | ₹-12.79Turned negative YoYLoss/share widened QoQ |
| Q2 FY25 | ₹259.83 Cr+4.7% YoY+5.7% QoQ | ₹-0.31 CrLoss narrowed YoYLoss narrowed QoQ | ₹-0.26Loss/share narrowed YoYLoss/share narrowed QoQ |
| Q1 FY25 | ₹245.85 Cr+0.6% YoY-17.2% QoQ | ₹-3.84 CrTurned loss-making YoYLoss narrowed QoQ | ₹-2.45Turned negative YoYLoss/share narrowed QoQ |
| Q4 FY24 | ₹296.89 Cr-6.1% YoY-0.4% QoQ | ₹-6.89 CrTurned loss-making YoYTurned loss-making QoQ | ₹-4.18Turned negative YoYTurned negative QoQ |
| Q3 FY24 | ₹298.19 Cr+51.3% YoY+20.1% QoQ | ₹7.25 CrTurned profitable YoYTurned profitable QoQ | ₹5.95Turned positive YoYTurned positive QoQ |
TL;DR
- Stand-alone revenue grew 11% YoY to INR205 crores.
- Stand-alone order book grew 31% YoY to ~INR1,800 crores, providing strong visibility.
- Overseas subsidiaries were deconsolidated, resulting in a one-time gain and removing future liabilities.
- Both Build-to-Spec (BTS) and Electronic Manufacturing Services (EMS) businesses reported strong order book growth.
- Management expects stronger execution in subsequent quarters to meet full-year growth targets.
Said on the call
“With the operating businesses now transferred and restructuring process substantially completed, we do not expect any further liabilities in relation to these subsidiaries.”
From the Q&A
| Topic | What management said |
|---|---|
| BTS Revenue Acceleration | Management confirmed accelerated revenue recognition is expected for the BTS segment due to increased order intake, despite quarterly variations. |
| Semiconductor Equipment Business | Management detailed the business involves manufacturing for a global OEM, ramped from 0 in FY25 to over INR100 crores in FY26, and expects to reach USD25-30M in 1-2 years with EBITDA margins around 10-11%. |
| Space Business and SBS Program | Space opportunities are exciting, with good progress on the Space-Based Surveillance (SBS) program; strong order intake is expected this year. |
| Revenue Growth and Mix Guidance | Management is confident of achieving 25%+ revenue growth for the year; the revenue mix between BTS and EMS may shift slightly toward BTS but not drastically. |
| Margin and Capex Guidance | Aiming to move EBITDA margin from last year's 12.5% to above 13%; capex for a new facility is estimated at INR50-70 crores, with flows starting towards the end of next fiscal. |
| Competitive Positioning | Management stated they are ahead in space capabilities, on par in radar/EW, and the main EMS competitor for semiconductor equipment is in Southeast Asia, not India. |
Guidance
- Confident of achieving 25%+ revenue growth for the current year and maintain similar visibility for next year.
- Aiming to move EBITDA margin above 13% from last year's 12.5%.
- Semiconductor equipment revenue expected to more than double from over INR100 crores in FY26 in the coming 1-2 years.
- Export revenue composition expected to remain in the range of 50-55%.
Source
Summary written from the transcript filed by Centum Electronics Ltd for the call held on 14 Aug 2026; published 19 Aug 2026, 16:30 IST.
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