Dachepalli Publishers Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Dachepalli Publishers Ltd filed with BSE on 30 Jul 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
Dachepalli Publishers reported total income growth of 159% year-on-year to Rs 45.18 crores in Q1 FY27, with EBITDA of Rs 9.2 crores up 31% and PAT of Rs 6.3 crores up 42%. Management attributed the growth to demand across publishing and integrated education businesses, expansion of the Pelican Edu Supply platform, and backward integration into notebook manufacturing. Management explained that a year-on-year decline in Q1 EBITDA margin was due to timing differences in raw material purchases and invoicing between Q4 and Q1.
Numbers mentioned
Total income: INR45.18 crores (Q1 FY27)
p. 3
“During the first quarter of FY27, total income increased by 159% year-on-year to INR45.18 crores, reflecting strong execution and increased adoption of our academic solutions.”
Abhinav Dachepally, page 3 of the filed PDF · View the filing
EBITDA: INR9.2 crores (Q1 FY27)
p. 3
“EBITDA stood at INR9.2 crores, registering a growth of 31%, while profit after tax grew by 42% year-on-year to INR6.3 crores.”
Abhinav Dachepally, page 3 of the filed PDF · View the filing
EPS: 4.21 (Q1 FY27)
p. 3
“We also reported EPS of 4.21 compared with 4.03 in the corresponding quarter last year.”
Abhinav Dachepally, page 3 of the filed PDF · View the filing
Trade receivables: INR100 crores (Q1 FY27)
p. 5
“Trade receivables have increased because our sales have -- usually our sales are booked in Q4 and Q1.”
Harish Dachepalli, page 5 of the filed PDF · View the filing
Sales from textbooks vs Pelican: INR30 crores textbooks, INR15 crores Pelican (Q1 FY27)
p. 6
“Around INR30 crores will be from the sale of textbooks, sir and INR15 crores came from the Pelican Edu Supply e-cart.”
Harish Dachepalli, page 6 of the filed PDF · View the filing
Textbook school presence: around 13,000 schools
p. 14
“Right now, in terms of supply of textbooks, our product is present in around 13,000 schools.”
Harish Dachepalli, page 14 of the filed PDF · View the filing
Printing machinery capacity utilisation: 80% to 85% capacity
p. 15
“And in terms of textbook printing machines, we are at an 80% capacity -- 80% to 85% capacity.”
Harish Dachepalli, page 15 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.
FY27 revenue — INR220 crores to INR250 crores · FY27
stated conditionally by Harish Dachepalli
p. 8
“If that goes ahead, we are easily looking at a 220 plus crores turnover in the FY‘27.”
Harish Dachepalli, page 8 of the filed PDF · View the filing
FY27 revenue — INR130 crores to INR150 crores · FY27
stated firmly by Harish Dachepalli
p. 14
“Yes. So, we are estimating to get a turnover of around INR130 crores to INR150 crores somewhere in between for this financial.”
Harish Dachepalli, page 14 of the filed PDF · View the filing
PAT margin — 17% to 18% · FY27
stated as an aspiration by Harish Dachepalli
p. 15
“Yes. So, we are estimating a margin of around 17% to 18% PAT year-on-year.”
Harish Dachepalli, page 15 of the filed PDF · View the filing
Market share in newer states — 5% · next three years
stated as an aspiration by Harish Dachepalli
p. 8
“But in the next three years, we are estimating to grow it to 5%.”
Harish Dachepalli, page 8 of the filed PDF · View the filing
Pelican Edu Supply school count — 100-150 schools · next year
stated as an aspiration by Harish Dachepalli
p. 10
“Last year, when we started it, we started with three schools. Now, this year we did 50 schools. Next year we want to scale up to 100-150 schools.”
Harish Dachepalli, page 10 of the filed PDF · View the filing
Southeast Asia export expansion — Malaysia, Thailand, Singapore · 5-year plan
stated as an aspiration by Harish Dachepalli
p. 13
“It is definitely there in our 5-year plan, sir, for the Southeast Asian countries, especially Malaysia, Thailand, and Singapore.”
Harish Dachepalli, page 13 of the filed PDF · View the filing
Existing machine capacity ceiling — INR300 crores turnover
stated firmly by Harish Dachepalli
p. 15
“So, our existing machines are good up to we reach a turnover of around INR300 crores of turnover.”
Harish Dachepalli, page 15 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 said the apparent decline was due to timing of raw material purchases shifting from Q4 to Q1, not an actual margin decline.
Answered by Harish Dachepalli
Asked by Bhushan: Whether gross margins and EBITDA margins have declined over the last two years.
p. 5
“Actually, the gross margin has not declined, sir.”
Harish Dachepalli, page 5 of the filed PDF · View the filing
Management explained receivables rise due to Q4/Q1 sales concentration and said most is recovered by October-November.
Answered by Harish Dachepalli
Asked by Guneet Singh: Why trade receivables rose from around INR75 crores to INR100 crores and how much is overdue.
p. 5
“But now, out of the INR100 crores more than 40% has been recovered by July and August.”
Harish Dachepalli, page 5 of the filed PDF · View the filing
Management attributed the fall to raw material invoicing timing differences between years, expecting normalization over the full year.
Answered by Harish Dachepalli
Asked by Guneet Singh: Why EBITDA margins nearly halved year-on-year in Q1 from 40% to 20%.
p. 7
“But if you come back to the complete Q1 to Q4 overall year, our margins will come back to normal.”
Harish Dachepalli, page 7 of the filed PDF · View the filing
Management said e-commerce contributes 30% of estimated turnover this year and the ratio will stay similar next year.
Answered by Harish Dachepalli
Asked by Kshitij: What is the current parent adoption rate on the Pelican e-commerce platform.
p. 11
“So, right now out of the INR130 crores of turnover which we are estimating this year, 30% of the sale is coming from e-commerce.”
Harish Dachepalli, page 11 of the filed PDF · View the filing
Management stated textbook presence in about 13,000 schools and 50 schools on the e-commerce model, targeting INR250 crores turnover.
Answered by Harish Dachepalli
Asked by Deepa Mehta: How many schools does the company currently work with and what targets exist for FY27.
p. 14
“And in terms of technology-driven like the e-commerce model, we are at 50 schools only.”
Harish Dachepalli, page 14 of the filed PDF · View the filing
Risks flagged
Curriculum changes requiring content updates
p. 4
“So, whatever happens every year, there is a minor change in the syllabus but we are intimated before because we publishers are all been in the industry for very long time.”
Harish Dachepalli, page 4 of the filed PDF · View the filing
Receivables becoming blocked beyond six months
p. 6
“So, usually 10% of the money will definitely be over six months because when let's say if there's a billing from a school of around INR5 lakhs or INR10 lakhs, they usually end up paying INR3 to INR4 lakhs.”
Harish Dachepalli, page 6 of the filed PDF · View the filing
Supply chain scaling constraints in Pelican Edu Supply model
p. 10
“Because you can't just grow up to 500 schools or 1,000 schools in this model, then you will fail in supply.”
Harish Dachepalli, page 10 of the filed PDF · View the filing
Competition from edtech companies entering textbook business
p. 11
“So, we thought that going forward if these people come into textbook business, it could be a loss to us or we might lose a very good schools or our business.”
Harish Dachepalli, page 11 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.