Fiem Industries Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Fiem Industries Ltd filed with BSE on 18 Aug 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
Fiem Industries reported Q1 FY27 sales of INR769.9 crores, up 18.62% year-on-year, with EBITDA margin at 13.5% and PAT of INR65.19 crores, up 16.31%. Management said the 4-wheeler revenue contribution guidance is being pushed out, with meaningful scale-up now expected in FY28 rather than FY27. The company also discussed EV platform wins with Ather, River and Royal Enfield, capacity expansion in Hosur, and margin guidance of around 14% for the full year.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Sales: INR769.9 crores (Q1 FY27)
p. 4
“The company has registered quarterly sales of INR769.9 crores in Q1 of FY27 as compared to INR649.07 crores over same quarter last year, registering a growth of 18.62%.”
O. P. Gupta, page 4 of the filed PDF · View the filing
EBITDA: INR104.06 crores (Q1 FY27)
p. 4
“The EBITDA in Q1 is INR104.06 crores translating into an EBITDA margin of 13.5% as compared to INR87.36 crores over same quarter last year with EBITDA margin of 13.46%.”
O. P. Gupta, page 4 of the filed PDF · View the filing
PAT: INR65.19 crores (Q1 FY27)
p. 4
“The PAT of the company has also increased to INR65.19 crores as compared to INR56.05 crores, representing an increase of 16.31%.”
O. P. Gupta, page 4 of the filed PDF · View the filing
LED lighting share in total automotive lighting: 63% (Q1 FY27)
p. 4
“The LED lighting share in total automotive lighting remained at 63% during the quarter.”
O. P. Gupta, page 4 of the filed PDF · View the filing
Capex: INR41.15 crores (Q1 FY27)
p. 4
“During the quarter, the company has made a capex of INR41.15 crores.”
O. P. Gupta, page 4 of the filed PDF · View the filing
2-wheeler industry volume: 7.25 million units (Q1 FY27)
p. 3
“Industry's volume reached to 7.25 million units, the highest ever for a first quarter.”
J. K. Jain, page 3 of the filed PDF · View the filing
EV share of 2-wheeler volume: more than 9% (Q1 FY27)
p. 3
“The EV accounts for more than 9% of the 2-wheeler volume in Q1, up from around 6% a year ago.”
J. K. Jain, page 3 of the filed PDF · View the filing
4-wheeler revenue contribution: around 2.5% (Q1 FY27)
p. 5
“4-wheeler revenue contribution is similar to what it has been over the last 1 year, which is around 2.5%.”
Management, page 5 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.
EBITDA margin — around 14% · FY27
stated firmly by Management
p. 5
“So the margin guidance for the year is around 14%.”
Management, page 5 of the filed PDF · View the filing
Revenue growth — 15% to 20% · FY27
stated firmly by Management
p. 6
“We look at overall revenue guidance of around 15% to 20%.”
Management, page 6 of the filed PDF · View the filing
LED share of total lighting — around 70% · next 24 to 30 months
stated as an aspiration by Management
p. 9
“But if you see the next 24-month trend, we think we must -- we should move towards 70% kind of a figure going forward in the next 24 to 30 months towards LED.”
Management, page 9 of the filed PDF · View the filing
Revenue and EBITDA margin guidance — 15% to 20% top line growth and 14% EBITDA margin · this year and years to come
stated firmly by Management
p. 14
“So our guidance remains the same. The top line, we guide around 15% to 20% top line growth and an EBITDA margin of around 14%.”
Management, page 14 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 guided full-year margins around 14%, noting Q1 typically sees higher costs.
Answered by Management
Asked by Garvit Goyal: How does management see margins for the rest of the year given cost increases?
p. 5
“But for the full year, we believe that we should be averaging around 14-odd percent.”
Management, page 5 of the filed PDF · View the filing
Management said raw material costs are typically passed on with a lag of a couple of quarters.
Answered by Management
Asked by Garvit Goyal: Can raw material cost increases be passed on to customers, and over what timeframe?
p. 5
“The raw material cost, we believe, is something that we will be able to pass on to customers. It does happen with a lag with a couple of quarters it happens.”
Management, page 5 of the filed PDF · View the filing
Management said the target is pushed out by roughly two quarters, with full materialization now expected to spill into FY28.
Answered by Management
Asked by Anubhav Mukherjee: Why has the INR100-150 crore 4-wheeler revenue guidance from last quarter changed?
p. 6
“What we are saying is that our revenue target is perhaps pushed out by 2 quarters.”
Management, page 6 of the filed PDF · View the filing
Management confirmed sole supplier status for the new model but not for Ather's existing models.
Answered by Management
Asked by Anubhav Mukherjee: Is Fiem the sole lighting supplier for Ather's new model?
p. 7
“Yes. The project which is being launched, we will be the sole supplier for that model.”
Management, page 7 of the filed PDF · View the filing
Management said Haryana implemented a roughly 35% wage increase and other states are following progressively.
Answered by Management
Asked by Arun Agarwal: Have minimum wage hikes been implemented across all plants or is more coming?
p. 9
“Almost 35% increase in Haryana and other states are also following the same-- Tamil Nadu...”
Management, page 9 of the filed PDF · View the filing
Management said it is evaluating organic and inorganic opportunities including potential 4-wheeler capex and electronics, preferring to use internal accruals.
Answered by Management
Asked by Jinesh Chopra: Given the large cash balance and no debt, what is the capital allocation priority?
p. 12
“So from that perspective, we'd like to focus on using this cash for growth going forward.”
Management, page 12 of the filed PDF · View the filing
Management said there is broad input cost pressure across industries, expected to be passed on over the year.
Answered by Management
Asked by Akshaj Shah: What raw materials are used and what pricing pressure is being seen?
p. 14
“So there is an input cost pressure across the industry, not just us, across the industry, across various industry beyond automotives also.”
Management, page 14 of the filed PDF · View the filing
Risks flagged
Elevated trade and tariff tensions and global supply chain disturbance
p. 3
“Geopolitical conflicts continued trade and tariff tensions remain elevated and the global supply chain faces fresh disturbance.”
J. K. Jain, page 3 of the filed PDF · View the filing
Significant increase in input costs and pressure from weaker rupee
p. 3
“At the same time, we saw significant increase in the input cost and continued pressure from the weaker rupee.”
J. K. Jain, page 3 of the filed PDF · View the filing
4-wheeler business conversion cycle with customers taking longer than expected
p. 6
“It is just that the conversion cycle with customers is taking longer.”
Management, page 6 of the filed PDF · View the filing
Competition in LED lighting market with more capacity coming online
p. 6
“And yes, you are also right that competition does keep -- there are more capacities coming and so on.”
Management, page 6 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.