Indo Count Industries Ltd — earnings calls

Indo Count reported its highest ever quarterly revenue in Q1 FY27, with total income of Rs 1,224 crores, up 13% sequentially and 27% year-on-year, driven by core business volume growth and continued scale-up of the new business. EBITDA rose 38% sequentially to Rs 160 crores with margin expanding 241 bps to 13.1%, while PAT grew to Rs 63 crores from Rs 24 crores in the prior quarter. Management described core business volumes recovering after tariff-related disruption in the prior year, alongside a temporary flood-related disruption at the Bhilad facility beginning 23rd July 2026.

Indo Count reported flat total income for FY26 versus FY25 at roughly Rs 4,211 crore, with EBITDA margin declining to 11% from 13.8% due to tariff-related cost absorption and new business incubation costs. Management said the core business declined in the low-teens during the year due to U.S. tariff volatility, while new business revenue more than doubled to Rs 792 crore. For FY27, management guided to consolidated revenue of approximately Rs 5,500 crore and an EBITDA margin of around 13%, citing improving U.S. demand conditions and normalization of the tariff environment.