Batliboi Ltd-$ — Q4 FY26 earnings call
Summary generated by AI from the official transcript Batliboi Ltd-$ filed with BSE on 26 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Batliboi Limited reported FY26 revenue growth of 7% to INR440 crores, with PAT of around INR7 crores impacted by one-time items relating to new labour codes and the merger of Batliboi Environmental Engineering Limited. Management detailed order inflows of nearly INR990 crores for the year and a year-end order backlog of approximately INR593 crores across its machine tool, textile machinery, environmental engineering, and Quickmill divisions. Management also discussed capex plans, debt levels, and division-wise performance during the question-and-answer session.
Numbers mentioned
Revenue: INR440 crores (FY26)
p. 5
“In FY’26, we delivered a 7% growth in top-line revenue, reaching INR440 crores, while successfully maintaining stable EBITDA margins despite meaningful headwinds from global supply chain disruptions and broader macro uncertainty.”
Sanjiv Joshi, page 5 of the filed PDF · View the filing
PAT: around INR7 crores (FY26)
p. 5
“We recorded a PAT of around INR7 crores.”
Sanjiv Joshi, page 5 of the filed PDF · View the filing
Order backlog: approximately INR593 crores (as of March 2026)
p. 6
“As of March 2026, our order backlog stood at approximately INR593 crores, and we recorded an order inflow of almost INR990 crores in FY’26.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Cumulative capex: INR27 crores (FY26)
p. 6
“We have incurred a cumulative capex of INR27 crores in FY’26 and plan to close FY’27 with an additional capex of around INR10 crores.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Debt-to-equity ratio: 0.28x
p. 6
“On the balance sheet, we continue to deliver on our deleveraging commitment, with our debt-to-equity ratio now comfortably at 0.28x, a level we intend to sustain going forward.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Machine tool division order inflow: about INR60 crores (Q4 FY26)
p. 6
“The machine tool division recorded an order inflow of about INR60 crores in quarter four FY’26, with the total order backlog of this division reaching INR163 crores as of March 2026, accounting for 27% of the company's overall order backlog.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Quickmill revenue: INR127 crores (FY26)
p. 6
“Quickmill reported a turnover of INR35 crores in quarter four 2026, with achieving a revenue of INR127 crores for FY’26, demonstrating a solid performance and operational strength.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Air Engineering group revenue: INR57 crores (FY26)
p. 6
“The Air Engineering group reported a revenue of INR17 crores in the quarter, and for FY’26, revenues stood at INR57 crores, accompanied by an improved order inflow of about INR17 crores in the quarter and INR67 crores for the whole year FY’26.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Textile machinery group order inflow: INR435 crores (FY26)
p. 6
“The textile machinery group had an order inflow of INR38 crores in quarter four of FY’26 and INR435 crores for the whole year FY’26.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Textile machinery group revenue: INR50 crores (FY26)
p. 6
“The textile machinery group reported a revenue of INR50 crores in FY’26, out of which INR13 crores was recorded in Q4 of FY’26.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Environmental Engineering group order inflow and revenue: INR17 crores order inflow, INR35 crores revenue (Q4 FY26)
p. 6
“The Environmental Engineering group reported order inflow of INR17 crores and a revenue of about INR35 crores in the same quarter.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Machines installed from Udhna factory: 115 machines (FY26)
p. 6
“We successfully installed 115 machines that were produced in our Udhna factory in the machine tool manufacturing division.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Fan division production capacity increase: nearly 40% (this year)
p. 10
“our production capacity in the fan division has increased by nearly 40% this year.”
Nirmal Bhogilal, page 10 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Capex for FY27 — around INR10 crores · FY27
stated firmly by Sanjiv Joshi
p. 6
“We have incurred a cumulative capex of INR27 crores in FY’26 and plan to close FY’27 with an additional capex of around INR10 crores.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Debt-to-equity ratio — 0.28x
stated firmly by Sanjiv Joshi
p. 6
“On the balance sheet, we continue to deliver on our deleveraging commitment, with our debt-to-equity ratio now comfortably at 0.28x, a level we intend to sustain going forward.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Top-line and bottom-line performance — FY27
stated conditionally by Sanjiv Joshi
p. 6
“I am further confident of an improved result both in top-line and bottom-line in FY’27.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Company outlook amid Middle East conflict — FY27
stated conditionally by Sanjiv Joshi
p. 6
“However, this is subject to not having any further impact, if any, on the global and Indian economy in the event of a prolonged conflict in the Middle East.”
Sanjiv Joshi, page 6 of the filed PDF · View the filing
Quickmill Canada capex — about CAD 4 million, roughly INR25 crores or INR30 crores · next two quarters
stated conditionally by Nirmal Bhogilal
p. 10
“In Canada, it will be something in the region of about CAD 4 million, which is roughly about INR25 crores or INR30 crores currently, right?”
Nirmal Bhogilal, page 10 of the filed PDF · View the filing
Quickmill plant expansion — next two quarters
stated conditionally by Nirmal Bhogilal
p. 9
“We are waiting for permissions from their municipal corporations and the local city government for this expansion, which we hope we will get in the next two quarters.”
Nirmal Bhogilal, page 9 of the filed PDF · View the filing
Bioconserve Renewables performance — FY27
stated as an aspiration by Nirmal Bhogilal
p. 7
“Well, all I can say is that the performance will be better than what we have achieved this year, and as you're aware, it was the first year of operation and we have been very -- I think we've turned in pretty good profits.”
Nirmal Bhogilal, page 7 of the filed PDF · View the filing
Green hydrogen inquiries progress — next two-three quarters
stated conditionally by Sanjiv Joshi
p. 7
“So right now, we are chasing and pursuing some active two-three inquiries which we hope that in this next two-three quarters we should be able to do something about that.”
Sanjiv Joshi, page 7 of the filed PDF · View the filing
Machine tool division profitable growth — foreseeable future
stated as an aspiration by Nirmal Bhogilal
p. 4
“we remain committed to sustaining profitable business growth for our machine tool division over the foreseeable future by also expanding our product range.”
Nirmal Bhogilal, page 4 of the filed PDF · View the filing
Quickmill performance improvement — FY27
stated firmly by Sanjiv Joshi
p. 8
“Yes, in fact, I'm happy to state here that Quickmill had a very phenomenal performance for the last fiscal, and looking at the orders on hand as on 1st of April, we will be delivering a much better performance for FY’27.”
Sanjiv Joshi, page 8 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management expects better performance than the current year, citing good profits in the first year of operation and strong demand.
Answered by Nirmal Bhogilal
Asked by Shaishav Vora: What are the plans and projections for Bioconserve Renewables Envirortech for FY27?
p. 7
“Well, all I can say is that the performance will be better than what we have achieved this year, and as you're aware, it was the first year of operation and we have been very -- I think we've turned in pretty good profits.”
Nirmal Bhogilal, page 7 of the filed PDF · View the filing
Management confirmed an MOU with L&T and one with a Chinese electrolyzer manufacturer, with active inquiries being pursued.
Answered by Sanjiv Joshi
Asked by Shaishav Vora: What is the status of the green hydrogen business and any MOUs signed?
p. 7
“Yes, Mr. Vora, we have a balance of payment MOU signed with L&T in a very nascent stage.”
Sanjiv Joshi, page 7 of the filed PDF · View the filing
Management stated all export business is covered by letters of credit, eliminating bad debt risk on exports.
Answered by Nirmal Bhogilal
Asked by Shaishav Vora: How much of the debtors are export debtors, particularly Bangladesh exposure, and is it covered?
p. 7
“No, all our business, export business, is covered under letters of credit, 100%. So there's no question of any bad debt in exports.”
Nirmal Bhogilal, page 7 of the filed PDF · View the filing
Management said this is a continuous process irrespective of the industry cycle, focused on efficiency improvements.
Answered by Nirmal Bhogilal
Asked by Krish Dalal: Are there plans to launch new products or tie up with new agencies given textile sector revival?
p. 7
“Well, we -- this is a continuous process in our company, looking at new products, new agencies, new tie-ups, which would improve the efficiency of the textile industry.”
Nirmal Bhogilal, page 7 of the filed PDF · View the filing
Management confirmed a strong performance last fiscal and expects further improvement with export market focus.
Answered by Sanjiv Joshi
Asked by Krish Dalal: Has demand improved for Quickmill in Canada and what are plans for the fiscal?
p. 8
“Yes, in fact, I'm happy to state here that Quickmill had a very phenomenal performance for the last fiscal, and looking at the orders on hand as on 1st of April, we will be delivering a much better performance for FY’27.”
Sanjiv Joshi, page 8 of the filed PDF · View the filing
Management explained that revenue excludes indirect sales, only commission is booked as revenue, while order backlog includes both direct and indirect business.
Answered by Nirmal Bhogilal
Asked by Prashant Hazari: Why does the reported order backlog not match calculations from prior backlog, inflow and revenue figures?
p. 8
“The mismatch is because our revenue reported does not take the indirect sales into our books. So only the commission on the indirect sales is shown as revenue, whereas the order booking and the order backlog reflects both the direct business and the indirect business.”
Nirmal Bhogilal, page 8 of the filed PDF · View the filing
Management estimated the capex at around CAD 4 million.
Answered by Nirmal Bhogilal
Asked by Prashant Hazari: What capex is planned for Quickmill's Canada expansion?
p. 10
“In Canada, it will be something in the region of about CAD 4 million, which is roughly about INR25 crores or INR30 crores currently, right?”
Nirmal Bhogilal, page 10 of the filed PDF · View the filing
Management said margin will improve with volume growth without major overhead expansion, and cited continuous efficiency efforts.
Answered by Nirmal Bhogilal
Asked by Prashant Hazari: Is there a plan to improve the company's operating margin given it is around 7%?
p. 10
“There will be, because as we increase the volume, the operating margin automatically will improve because we are not focusing on any major overhead expansion.”
Nirmal Bhogilal, page 10 of the filed PDF · View the filing
Management noted Jyoti is a much larger, focused machine tool company with a French subsidiary, making direct comparison difficult given Batliboi's diversified segments.
Answered by Nirmal Bhogilal
Asked by Vedant Mehta: How does Batliboi's performance compare to peers like Jyoti, and what is being done about it?
p. 11
“But definitely Jyoti has a much larger product range and a much larger volume than what we do.”
Nirmal Bhogilal, page 11 of the filed PDF · View the filing
Management explained they are expanding their product basket of CNC machines beyond the current two-three products to drive top-line and bottom-line growth.
Answered by Sanjiv Joshi
Asked by Prashant Hazari: What are the plans in the CNC machine tool space referenced in the strategic initiatives slide?
p. 12
“So what we are necessarily saying is that to get a better top-line growth, we are improving our product basket offerings to the CNC machine tool industry, the auto sector and everybody.”
Sanjiv Joshi, page 12 of the filed PDF · View the filing
Risks flagged
Uncertainty from evolving US economic policies affecting global dynamics
p. 4
“Going forward, there will be substantial challenges, including uncertainty from evolving U.S. economic policies that could reshape global dynamics, elevating Asia's significance and transforming Europe's role in the world order.”
Nirmal Bhogilal, page 4 of the filed PDF · View the filing
Potential prolonged conflict in the Middle East impacting global and Indian economy
p. 4
“Notwithstanding any further adverse impact, if any, on the global and Indian economy in the event of a prolonged conflict in the Middle East, we enter FY’27 with confidence.”
Nirmal Bhogilal, page 4 of the filed PDF · View the filing
Non-recurring provisioning from new labour codes and merger accounting impact
p. 5
“However, our bottom-line growth was impacted by two main non-recurring items: first, provisioning necessitated by our four new labour codes notified by the Government of India in November 2025, and the accounting impact arising from the merger of Batliboi Environmental Engineering Limited with Batliboi, which was completed in Q1 FY’26.”
Sanjiv Joshi, page 5 of the filed PDF · View the filing
Challenges from foreign textile partners undergoing restructuring
p. 5
“We have faced challenges during the current fiscal year under review with our partners abroad, both in knitting and spinning, as they have been undergoing major restructuring and realigning of their business.”
Nirmal Bhogilal, page 5 of the filed PDF · View the filing
Bureaucratic delays in Canada for Quickmill plant expansion permissions
p. 9
“But as you're aware, maybe you're not aware, that in Canada the bureaucracy is perhaps as bad as or worse than ours.”
Nirmal Bhogilal, page 9 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.