Lohia Corp Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Lohia Corp Ltd filed with BSE on 27 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
Lohia Corp reported revenue from operations of INR503 crores for Q1 FY27, up 60% year-on-year, with EBITDA margin at 19.9% versus 11.5% in the prior year quarter. Profit after tax was INR66 crores compared with INR17 crores a year earlier, and the order book stood at approximately INR1,778 crores at quarter end. Management discussed the drivers of margin performance, capacity utilization, export versus domestic mix, and the growth outlook for the machinery business.
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
Revenue from operations: INR503 crores (Q1 FY27)
p. 4
“For the quarter, we reported revenue from operations of INR503 crores compared with INR315 crores in the corresponding quarter last year, representing a growth of around 60%.”
Gaurav Lohia, page 4 of the filed PDF · View the filing
EBITDA: INR100 crores (Q1 FY27)
p. 4
“Our EBITDA stood at INR100 crores with an EBITDA margin of 19.9% compared with 11.5% in the corresponding period last year.”
Gaurav Lohia, page 4 of the filed PDF · View the filing
Profit after tax: INR66 crores (Q1 FY27)
p. 4
“Profit after tax was INR66 crores compared with INR17 crores in the same quarter last year.”
Gaurav Lohia, page 4 of the filed PDF · View the filing
Order book: approximately INR1,778 crores (as of end of Q1 FY27)
p. 4
“Our order book at the end of the quarter stood at approximately INR1,778 crores, providing healthy visibility for the coming quarters.”
Gaurav Lohia, page 4 of the filed PDF · View the filing
International revenue contribution: approximately 41% (Q1 FY27)
p. 4
“International markets continue to be an important part of our business, contributing approximately 41% of our revenue during the quarter.”
Gaurav Lohia, page 4 of the filed PDF · View the filing
EBITDA Y-o-Y growth: 276% (Q1 FY27 vs Q1 FY26)
p. 6
“Our EBITDA for the quarter was INR100 crores compared with INR36 crores in the corresponding quarter last year, registering a Y-o-Y growth of 276%.”
Anupam Agarwal, page 6 of the filed PDF · View the filing
PAT margin: 13% (Q1 FY27)
p. 6
“Our profit after tax stood at INR66 crores, representing a PAT margin of 13%.”
Anupam Agarwal, page 6 of the filed PDF · View the filing
Order book growth since March 2026: up 30% (since March '26)
p. 6
“Our order book for machines, as of the end of the quarter, stood at approximately INR1,780 crores, up 30% since March '26 and up 195% since June '25.”
Anupam Agarwal, page 6 of the filed PDF · View the filing
Net working capital cycle: 81 days (end of Q1 FY27)
p. 6
“Our net working capital cycle at the end of the quarter stood at approximately 81 days compared with 84 days at the end of the previous financial year, without adjusting for advances from customers.”
Anupam Agarwal, page 6 of the filed PDF · View the filing
Capacity utilization: around 70%, 72% (current)
p. 17
“We are currently operating at around 70%, 72% of capacity.”
Anupam Agarwal, page 17 of the filed PDF · View the filing
Export pricing premium over domestic: 12% to 15% higher
p. 14
“Yes. So we are generally our prices in exports, on an average, it will vary from geography to geography, but on an average, our prices, sales prices, are 12% to 15% higher than domestic market.”
Anupam Agarwal, page 14 of the filed PDF · View the filing
Pricing premium over Chinese competitors: 15% to 20% higher
p. 19
“So I mean, as far as our offerings are concerned, we demand, we command, let's say, 15% to 20% higher prices than Chinese currently.”
Anupam Agarwal, page 19 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 — 20%
stated as an aspiration by Anupam Agarwal
p. 14
“We currently are maintaining that we internally target 20% as our EBITDA number.”
Anupam Agarwal, page 14 of the filed PDF · View the filing
Revenue growth — 20% to 25% · FY27, FY28
stated as an aspiration by Anupam Agarwal
p. 14
“So we expect to grow in the range of 20% to 25%.”
Anupam Agarwal, page 14 of the filed PDF · View the filing
Peak capacity utilization achievable — 80%, 85%
stated firmly by Anupam Agarwal
p. 11
“Yes, something like around 80%, 85%.”
Anupam Agarwal, page 11 of the filed PDF · View the filing
Additional capex requirement beyond current capacity — INR80 to INR90 or INR100 crores per INR500 crores turnover
stated conditionally by Anupam Agarwal
p. 17
“So for every INR500 crores turnover going forward after we achieve INR2,500, we would require a capex of around INR80 to INR90 or INR100 crores.”
Anupam Agarwal, page 17 of the filed PDF · View the filing
R&D spend — 3%
stated firmly by Gaurav Lohia
p. 17
“So we assume that 3% will be our going forward average.”
Gaurav Lohia, page 17 of the filed PDF · View the filing
Export share of revenue — around 50%
stated as an aspiration by Anupam Agarwal
p. 7
“So we believe that exports would stabilize at around 50% of our revenue and order book going forward.”
Anupam Agarwal, page 7 of the filed PDF · View the filing
Capacity expansion timeline — 5 to 6 months
stated conditionally by Gaurav Lohia
p. 18
“5 to 6 months.”
Gaurav Lohia, page 18 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 15-20% EBITDA margins were normal pre-COVID and they believe this level is now the new normal.
Answered by Anupam Agarwal
Asked by Kiran: Is the current EBITDA margin sustainable or a one-time gain?
p. 8
“So we believe that this is going to be the new normal for us.”
Anupam Agarwal, page 8 of the filed PDF · View the filing
Management said depreciation helps in negotiations and allows higher discounts but they must maintain profitability.
Answered by Raj Kumar Lohia
Asked by Viraj: Does rupee depreciation make Lohia more competitive versus Starlinger in export markets?
p. 8
“Of course, depreciation in rupee helps us in negotiations. And helps -- we also give a higher discount to win the order.”
Raj Kumar Lohia, page 8 of the filed PDF · View the filing
Management cited continuous price revisions on new orders, short/medium-term supplier contracts, and adjusting discount structures.
Answered by Anupam Agarwal
Asked by Harshit Patel: What drove the resilient EBITDA margin despite commodity inflation pressures?
p. 10
“So there is a two-pronged approach here. One is that constantly revisiting our sales prices so that whatever new orders we get, they are at the most recent input material prices.”
Anupam Agarwal, page 10 of the filed PDF · View the filing
Management said current capacity can support about INR2,400-2,500 crore turnover with some balancing of machines.
Answered by Management
Asked by Akshay Satija: What is the peak capacity utilization achievable and by when?
p. 11
“So our capacities that we have should take us to about INR2,400, INR2,500 crores turnover with some balancing of machines here and there.”
Management, page 11 of the filed PDF · View the filing
Management said tariffs do not directly affect them since their machines go mostly to developing countries, not directly to the US or Europe.
Answered by Anupam Agarwal
Asked by Shreyansh Talesara: Were last year's export numbers muted due to tariffs?
p. 13
“So last year numbers were not muted because of the tariff thing because we do not sell machineries to the USA directly.”
Anupam Agarwal, page 13 of the filed PDF · View the filing
Management said they command a premium over Chinese competitors due to service quality and other factors, and that China struggles with service and export competitiveness in India.
Answered by Raj Kumar Lohia
Asked by Shivam Gupta: How is competition from Chinese players and is pricing becoming more aggressive?
p. 15
“We get premium over China. And all elements of business is a part of that premium, which includes also service.”
Raj Kumar Lohia, page 15 of the filed PDF · View the filing
Management explained that making machines is a technical barrier limiting competition, whereas making bags using those machines is not, leading to higher competition among end users.
Answered by Raj Kumar Lohia
Asked by Rishi Maheshwari: Why has Lohia grown faster and more consistently than its customer industries?
p. 16
“In our case, it is a technical barrier. But in the customer's case, it is not a technical barrier. So the competition is higher.”
Raj Kumar Lohia, page 16 of the filed PDF · View the filing
Management said R&D spend of around 3% would continue, with confidential development underway on automation and IoT offerings.
Answered by Gaurav Lohia
Asked by Arvind Arora: What is the R&D spend plan and are there upcoming hero products?
p. 17
“So our R&D spend, like you mentioned, is around 3%. That continues to be our average going forward as well.”
Gaurav Lohia, page 17 of the filed PDF · View the filing
Management said majority of demand comes from new capacity expansion, with only 3-5% currently coming from replacement, though this is expected to rise.
Answered by Anupam Agarwal
Asked by Prince Choudhary: Is current order book demand from capacity expansion or replacement cycles?
p. 18
“Currently, I would believe that the order book would have around between 3% to 5% coming from replacement cycles. But majority is coming from the new expansions that our customers are building.”
Anupam Agarwal, page 18 of the filed PDF · View the filing
Risks flagged
Volatility in raw material and component supply due to geopolitical conflicts affecting margins
p. 9
“The long-term impact of the movement of raw material or the parts, and China is also very strong player, what they supply and what they don't supply, all these will play a role in deciding the margins.”
Raj Kumar Lohia, page 9 of the filed PDF · View the filing
Company's purchase prices are not fixed while sales prices are committed, creating margin risk
p. 9
“We are committed to our price here, but our purchase is not committed with the price.”
Raj Kumar Lohia, page 9 of the filed PDF · View the filing
Higher share of domestic revenue in the order book relative to exports could pressure margins
p. 10
“During the year, domestic revenue would have a larger share in the total revenue.”
Anupam Agarwal, page 10 of the filed PDF · View the filing
Competition from Chinese machinery suppliers
p. 15
“China is a reality of competition. We face them everywhere, not everywhere, but many cases.”
Raj Kumar Lohia, page 15 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.