Laser Power & Infra Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Laser Power & Infra Ltd filed with BSE on 14 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
Laser Power & Infra reported Q1 FY27 revenue of INR5,215 million, up approximately 15% year-on-year, with EBITDA rising about 26% to INR659 million and EBITDA margin improving to 12.6% from 11.5%. Management attributed the growth to strong EPC execution, which grew revenue approximately 129%, and broadly stable manufacturing profitability, while noting finance cost absorbed about 55% of quarterly EBITDA. The company discussed its order book of approximately INR27,884 million, its partnership with TS Conductors for advanced AECC conductor technology, and the utilization of IPO proceeds toward debt repayment.
Numbers mentioned
Revenue from operations: INR5,215 million (Q1 FY27)
p. 7
“Revenue from operations for Q1 FY27 stood at INR5,215 million, representing year-on-year growth of approximately 15% compared with INR4,541 million in Q1 FY26.”
Amit Goel, page 7 of the filed PDF · View the filing
EBITDA: INR659 million (Q1 FY27)
p. 7
“EBITDA increased approximately 26% year-on-year to INR659 million compared with INR524 million in corresponding quarter last year.”
Amit Goel, page 7 of the filed PDF · View the filing
EBITDA margin: 12.6% (Q1 FY27)
p. 7
“The EBITDA margin improved to 12.6% from 11.5% in Q1 FY26.”
Amit Goel, page 7 of the filed PDF · View the filing
Profit before tax: INR286 million (Q1 FY27)
p. 7
“Profit before tax increased approximately about 27% year-on-year to INR286 million compared with INR222 million in Q1 FY26.”
Amit Goel, page 7 of the filed PDF · View the filing
PAT: INR211 million (Q1 FY27)
p. 7
“PAT stood at INR211 million with PAT margin approximately at 4.1%.”
Amit Goel, page 7 of the filed PDF · View the filing
Manufacturing segment revenue: INR3,824 million (Q1 FY27)
p. 7
“the manufacturing business reported a revenue of INR3,824 million compared with INR3,932 million in Q1 last year.”
Amit Goel, page 7 of the filed PDF · View the filing
EPC segment revenue: INR1,391 million (Q1 FY27)
p. 7
“The EPC business delivered a strong year-on-year growth with a revenue increasing approximately 129% to INR1,391 million from INR609 million in Q1 FY26.”
Amit Goel, page 7 of the filed PDF · View the filing
Finance cost: INR362 million (Q1 FY27)
p. 7
“Finance cost stood at INR362 million during Q1 FY27 compared with INR296 million in corresponding quarter last year.”
Amit Goel, page 7 of the filed PDF · View the filing
Order book: INR27,884 million (as of June 2026)
p. 6
“Our order book stood at approximately INR27,884 million as of June '26.”
Deepak Goel, page 6 of the filed PDF · View the filing
Gross debt: INR3,600 million (current)
p. 7
“Gross debt currently stand at approximately INR3,600 million.”
Amit Goel, page 7 of the filed PDF · View the filing
HT cable share of revenue: 29% (last nine quarters)
p. 9
“in last nine quarters, we have increased our high-voltage cable sales from 9% of our total revenue to almost 29% of our total revenue in last nine quarters.”
Deepak Goel, page 9 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.
Revenue growth — 15% to 16% · medium term
stated as an aspiration by Deepak Goel
p. 10
“revenues also to grow at a steady level as we have been growing in the last 5 years at around 15% to 16%. We expect this growth to continue in that same manner.”
Deepak Goel, page 10 of the filed PDF · View the filing
Finance cost — subsequent quarters
stated firmly by Amit Goel
p. 7
“The reduction in borrowing is expected to result in a progressive decline in finance cost.”
Amit Goel, page 7 of the filed PDF · View the filing
Interest saving — INR40 crores · annualized
stated firmly by Amit Goel
p. 13
“that should be nearly somewhere INR40 crores in a year at PBT level, and that can be termed into quarter that way.”
Amit Goel, page 13 of the filed PDF · View the filing
Tax expense — post FY27
stated firmly by Amit Goel
p. 15
“we expect post FY27, we have to pay taxes, so that's how the entire composition of tax would be.”
Amit Goel, page 15 of the filed PDF · View the filing
EPC and manufacturing segment mix
stated firmly by Amit Goel
p. 17
“it will remain similar and that's our strategy, because we consider EPC as a forward integration for our products, and it's been like final use of our product vertical.”
Amit Goel, page 17 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 last year's consolidated PAT included a one-time extraordinary profit of INR32 crore, and standalone numbers were considered more comparable and reflective of ongoing business.
Answered by Amit Goel
Asked by Bala Murali Krishna: Why does the bottom line drop so much between standalone and consolidated numbers, and why report standalone rather than consolidated?
p. 11
“in last year when we say console number, in consolidation there is a one-time revenue there is an extraordinary profit of INR32 crore, which was reported last year.”
Amit Goel, page 11 of the filed PDF · View the filing
Management declined to give specific PAT guidance, noting the comparable prior-year base excludes the one-time benefit.
Answered by Amit Goel
Asked by Bala Murali Krishna: Can the company sustain 70-100% PAT growth going forward?
p. 11
“We are, we are not actually trying to provide any specific guidance on how the FY27 will look like.”
Amit Goel, page 11 of the filed PDF · View the filing
Management said cables account for roughly 90% and conductors 10% of the manufacturing mix currently.
Answered by Amit Goel
Asked by Vidit Trivedi: What is the current split between cables and conductors in manufacturing?
p. 12
“90% is cable and 10% is conductor, as of now.”
Amit Goel, page 12 of the filed PDF · View the filing
Management estimated annual interest savings of about INR40 crores based on a cost of capital of roughly 9% on INR490 crores repaid.
Answered by Amit Goel
Asked by Raman KV: How much interest expense saving will result from debt repayment using IPO proceeds?
p. 13
“our cost of capital is roughly 9%, and we have repaid INR490 crores of debt.”
Amit Goel, page 13 of the filed PDF · View the filing
Management said there is roughly a 2-3% EBITDA margin difference between normal and HT cables, and that conventional conductors carry the lowest margins.
Answered by Amit Goel
Asked by Raman KV: What are typical margin differences between normal cables, HT cables, and conductors?
p. 14
“it's roughly like 2%, 3% of margin difference between the normal cable and HT cables at EBITDA level.”
Amit Goel, page 14 of the filed PDF · View the filing
Management said EPC EBITDA margins typically range between 15% and 20%, varying by project milestone.
Answered by Amit Goel
Asked by Krupa Desai: What are current EPC margins?
p. 17
“EPC margin roughly stands between somewhere 15% to 20%, but EPC margin can't be look at a particular quarter or at a particular moment, because that will depend on a single project milestone, what kind of at what stage it is.”
Amit Goel, page 17 of the filed PDF · View the filing
Management said it was difficult to comment this early in the year and reiterated confidence in growth consistent with historical performance rather than a specific higher figure.
Answered by Amit Goel
Asked by Krupa Desai: Is the 15-16% growth guidance conservative and can the company do more?
p. 18
“It's very difficult to comment, Krupa, sitting at Q1. We are not coming up with any specific guidance, and what we are saying that we are confident to do a growth, the way we have done in past.”
Amit Goel, page 18 of the filed PDF · View the filing
Management said EPC revenue is 100% from government while manufacturing is split roughly 50-50 between government and private sector, and this composition is expected to continue.
Answered by Amit Goel
Asked by Dharma Teja: How is management diversifying away from public sector/government revenue dependence?
p. 18
“EPC revenue typically comes from the 100% from the government. In manufacturing side, usually it's 50-50, between government and private sector, and that's how we will continue.”
Amit Goel, page 18 of the filed PDF · View the filing
Management said working capital typically runs 100-120 days and noted an inventory spike of INR90 crores in finished goods and work-in-progress this quarter tied to order execution timing.
Answered by Amit Goel
Asked by Pratham Samdadiya: What is happening with working capital days and the recent inventory spike?
p. 19
“We have seen that there is a spike of inventory of FG and WIP by INR90 crores, which little, but that's give the visibility that since we are all order to make, once we get the order, we start producing material.”
Amit Goel, page 19 of the filed PDF · View the filing
Risks flagged
EPC segment margins vary between quarters depending on project mix and stage of execution
p. 7
“EPC profitability can vary between quarters depending on the mix and stage of project under execution.”
Amit Goel, page 7 of the filed PDF · View the filing
Finance cost remains a significant drag on converting operating profit to net profit
p. 7
“Finance cost absorbed approximately 55% of quarterly EBITDA and remained a principal factor moderating the conversion of operating profitability into PAT.”
Amit Goel, page 7 of the filed PDF · View the filing
Working capital requirements increased due to projects in early stages of execution requiring procurement and mobilization ahead of billing
p. 8
“This contributed to increase in inventory working capital requirement during the quarter.”
Amit Goel, page 8 of the filed PDF · View the filing
Right-of-way constraints and land acquisition challenges limit ability to build new transmission towers
p. 9
“Erecting new towers or getting new lands is a challenge that is going to keep on increasing in the years to come.”
Deepak Goel, page 9 of the filed PDF · View the filing
Capacity utilization may initially decline when new capacity is added ahead of securing orders
p. 12
“at times at initial period, it is the level of utilization may come at lower side once we increase, but gradually it settle down.”
Amit Goel, page 12 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.