Hy-Tech Engineers LimitedCapital Goods & EngineeringHTEL
Q1 FY27 concall · earnings callHy-Tech Engineers Limited
Hy-Tech Engineers reported Q1 FY27 revenue of INR430 million, up 13% year-on-year, with margins lower pending OEM price revisions while outlining capacity expansion and export growth plans.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from operations | ₹43 Cr | +13% Y-o-Y increase compared to the ₹38 Cr in Q1 FY26 | |
| EBITDA | ₹8.4 Cr | compared to the ₹8.2 Cr in the corresponding quarter of the last year | |
| EBITDA margin | 19.6% | compared to 21.5% for the previous year of the same quarter | |
| Profit before tax | ₹6.1 Cr | increased 9% YoY | |
| Profit after tax | ₹4.6 Cr | +11% Y-o-Y compared with ₹4.1 Cr in Q1 FY26 |
TL;DR
- Revenue from operations was INR430 million in Q1 FY27, a 13% Y-o-Y increase compared to INR380 million in Q1 FY26.
- EBITDA was INR84 million with margin of 19.6% compared to 21.5% last year; PBT was INR61 million and PAT was INR46 million with PAT margin of 10.7%.
- Management said OEM price revisions effective 1st of April for higher input costs will be received in the second quarter.
- Company plans to raise monthly fittings output from 35 lakhs to 50 lakhs with INR30 crores capex and to acquire 6.5 acres for future expansion.
Said on the call
“So, all OEMs say they are C-category items, but I always say that C stands for low-cost, at the same time, C stands for critical.”
From the Q&A
| Topic | What management said |
|---|---|
| Q1 margins and price pass-through | Management said input cost increases from February-April will be compensated via OEM price revisions effective 1st of April, with benefit to be received in the second quarter, and guided EBITDA margin at about 24% to 25%. |
| Product criticality and OEM share | Management explained fittings sustain 300 bar pressure, require precision machining for leak-proofness, and said OEM business is 70% to 80% with no single customer above 15%, with share of business ranging from 10% to 100%. |
| Utilization and capex | Management said current utilization is about 60%-70%, INR30 crores capex will take revenue from around INR200 crores to around INR300 crores to INR320 crores and monthly volume from 35 lakhs to 50 lakhs fittings. |
| Market size and railways-defence entry | Management sized markets at INR20,000 crores in USA, INR10,000 crores in Europe and INR2,000 crores in India, and said IRIS, DRDO, Cochin Shipyard and Mazagon Dock registrations will add business over time. |
| Exports and US subsidiary | Management said 25% of revenue is from USA and 7% to 8% to Europe, plans 50% export and 50% domestic in five years, and will set up a 100% subsidiary with warehouse in USA. |
Guidance
- Minimum 20% revenue growth in FY27 with PAT growth of 25% to 30%
- EBITDA margin will be maintained at about 24% to 25%
- Deploy INR30 crores capex to increase monthly output from 35 lakhs to 50 lakhs fittings, adding around INR100 crores to business
- Target 50% export and 50% domestic revenue mix in five years
Source
Summary written from the transcript filed by Hy-Tech Engineers Limited for the call held on 22 Sept 2026; published 29 Sept 2026, 19:59 IST.
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