RSWM Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript RSWM Ltd filed with BSE on 11 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
RSWM reported Q1 FY27 revenue of ₹1,161 crores, up 1.7% sequentially, with EBITDA of ₹94 crores and EBITDA margin improving to 8%. Domestic sales grew while export revenue declined sequentially amid geopolitical disruptions including the West Asia conflict and elevated crude prices affecting polyester input costs. Management discussed progress on new initiatives including a graphene-based fiber development, a PET bottle-to-bottle recycling project, a denim garmenting joint venture, and knitting capacity expansion.
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Numbers mentioned
Revenue from operations: ₹1,161 crores (Q1 FY27)
p. 6
“Revenue from operations stood at ₹1,161 crores compared to ₹1,142 crores in Q4 FY26 registering a sequential growth of 1.7%.”
Nitin Tulyani, page 6 of the filed PDF · View the filing
Domestic business sales: ₹825 crores (Q1 FY27)
p. 6
“Domestic business sales increased to 825 crores from 774 crores in Q4 FY26, reflecting healthy demand across key customer segments.”
Nitin Tulyani, page 6 of the filed PDF · View the filing
Export revenue: ₹336 crores (Q1 FY27)
p. 6
“Export revenue stood at ₹336 crores lower than the immediately preceding quarter through the business maintained diversified customer base across multiple international markets.”
Nitin Tulyani, page 6 of the filed PDF · View the filing
Gross profit: ₹466 crores (Q1 FY27)
p. 6
“Gross profit increased to ₹466 crores compared to ₹434 crores in the preceding quarter with gross profit margins expanding to 39.8% from 37.4%”
Nitin Tulyani, page 6 of the filed PDF · View the filing
EBITDA: ₹94 crores (Q1 FY27)
p. 6
“EBITDA for the quarter stood at ₹94 crores, registering sequential growth of 10.1% and a year-on-year increase of 16.1%.”
Nitin Tulyani, page 6 of the filed PDF · View the filing
EBITDA margin: 8% (Q1 FY27)
p. 6
“EBITDA margin improved to 8% compared with 7.4% in Q4 FY26 and 6.9% in Q1 FY26.”
Nitin Tulyani, page 6 of the filed PDF · View the filing
Finance costs: ₹31 crores (Q1 FY27)
p. 6
“Finance costs for the quarter stood at ₹31 crores compared with ₹30 crores in the preceding quarter”
Nitin Tulyani, page 6 of the filed PDF · View the filing
Profit before tax: ₹24 crores (Q1 FY27)
p. 6
“Profit before tax increased to ₹24 crores representing a QoQ growth of 33.5% and a YoY”
Nitin Tulyani, page 6 of the filed PDF · View the filing
Profit after tax: ₹17 crores (Q1 FY27)
p. 7
“Profit after tax for Q1 stood at ₹17 crores compared with ₹7 crores in Q1 FY26.”
Nitin Tulyani, page 7 of the filed PDF · View the filing
Power and fuel cost: ₹112 crores (Q1 FY27)
p. 14
“I am saying impact of 10% is already seen in the current quarter results like power and fuel was ₹123 crores in last quarter versus ₹112 crores which we are reporting in current quarter.”
Nitin Tulyani, page 14 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.
PET food-grade granules project revenue — ₹500 Cr
stated firmly by Rajeev Gupta
p. 11
“So, this will have 50,000 metric ton per year capacity and we will be expecting a revenue of ₹500 Cr from the project which we are implementing”
Rajeev Gupta, page 11 of the filed PDF · View the filing
PET project EBITDA margin — around 15%
stated as an aspiration by Rajeev Gupta
p. 12
“And normally, this industry clock EBITDA of around 15%.”
Rajeev Gupta, page 12 of the filed PDF · View the filing
PET project capacity utilization ramp-up — 75% in year one, up to 90-91% by year three · three years
stated as an aspiration by Manoj Bansal
p. 15
“See, the first year is going to be 75% and probably we will scale up the entire production in three years.”
Manoj Bansal, page 15 of the filed PDF · View the filing
Power cost reduction — more than ₹1 per unit on average year-over-year
stated as an aspiration by Rajeev Gupta
p. 14
“I expect it will be anything more than ₹1 per unit on an average year-over-year basis because of the impact of all these renewable sources we are using.”
Rajeev Gupta, page 14 of the filed PDF · View the filing
Power cost savings — around ₹100 crores · full year
stated as an aspiration by Nitin Tulyani
p. 14
“We are targeting to close it somewhere around ₹100 crores.”
Nitin Tulyani, page 14 of the filed PDF · View the filing
Power cost reduction from efficiency efforts — 40 crores · for the year
stated conditionally by Rajeev Gupta
p. 15
“I think that should give us advantage to the tune of 40 crores for the year.”
Rajeev Gupta, page 15 of the filed PDF · View the filing
Graphene-based fiber commercial rollout — within this financial year
stated conditionally by Rajeev Gupta
p. 8
“So, I will not be absolutely clear on this, but I expect within this financial year we should get it rolling.”
Rajeev Gupta, page 8 of the filed PDF · View the filing
Denim garmenting JV phase 1 capacity — 5 lakh pieces per month · first phase
stated as an aspiration by Rajeev Gupta
p. 10
“In the first phase, we may go up to 5 lakh pieces per month, which may further be added in two more phases in the coming period.”
Rajeev Gupta, page 10 of the filed PDF · View the filing
Knitting capacity expansion benefits — 650 tons to 900 tons per month · Q3 FY27
stated as an aspiration by Manoj Bansal
p. 16
“Yes, see currently we have capacity of 650 tons. So, after this expansion probably we will be touching around 900 tons per month.”
Manoj Bansal, page 16 of the filed PDF · View the filing
Quarterly performance trajectory
stated as an aspiration by Rajeev Gupta
p. 12
“We expect all quarters to be similar or better than this.”
Rajeev Gupta, page 12 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 project is progressing, with initial positive results from Grasim/Birla Cellulose and in-house polyester development ongoing.
Answered by Rajeev Gupta
Asked by Amit Gupta: What is the progress on the graphene-based fiber development initiative with Birla Cellulose?
p. 8
“The judgements are positive. One round of product from Grasim, Birla Cellulose has arrived. There have been certain further improvements targeted.”
Rajeev Gupta, page 8 of the filed PDF · View the filing
Management shared capacity utilization figures by segment instead of volume figures.
Answered by Rajeev Gupta
Asked by Prerna Jhunjunwala: What is the capacity utilization across yarn and fabric businesses during the quarter?
p. 10
“So, I am not having the figures in terms of the volume, but I can share with you that the capacity utilization has been in mid 90%.”
Rajeev Gupta, page 10 of the filed PDF · View the filing
Management said it is at a very early stage, with board approval just received and stake percentage still under discussion.
Answered by Rajeev Gupta
Asked by Prerna Jhunjunwala: What is the structure and timeline of the newly announced denim garmenting joint venture?
p. 10
“Today is the first day we discussed this in board, and we have got the principal approval from board for this JV.”
Rajeev Gupta, page 10 of the filed PDF · View the filing
Management confirmed exports were weaker and attributed this to geopolitical disruption and freight issues.
Answered by Rajeev Gupta
Asked by Pushkar Jain: Was the top-line growth impacted by export demand this quarter?
p. 12
“As you know, geopolitical situation. So, there is West Asia conflict going around, delayed transit period, long transit and then high freight.”
Rajeev Gupta, page 12 of the filed PDF · View the filing
Management attributed the fabric segment weakness to subdued demand, particularly in knitted fabric, combined with rising input costs.
Answered by Rajeev Gupta
Asked by Avinash Nahata: Why did fabric segment EBIT collapse compared to last year?
p. 13
“So, thereby, the demand and the cost-led pressures because of increased prices of fiber, gas prices, freight prices, chemical prices, everything put very adverse remarks in terms of cost.”
Rajeev Gupta, page 13 of the filed PDF · View the filing
Management said renewable energy usage has risen sharply and this is reflected in reduced power and fuel costs this quarter.
Answered by Rajeev Gupta
Asked by Avinash Nahata: What reduction in power cost is being achieved via renewable energy investments?
p. 14
“But just to share with you, our renewable energy now is improved from last year of mid-20s to mid-40s. In the current quarter, we are even going around 60% power consumption from renewable sources.”
Rajeev Gupta, page 14 of the filed PDF · View the filing
Risks flagged
Elevated crude oil prices have raised input costs for synthetic yarn.
p. 4
“Elevated crude oil prices have influenced input costs for synthetic yarn particularly.”
Rajeev Gupta, page 4 of the filed PDF · View the filing
Geopolitical developments including the West Asia conflict caused supply chain disruptions and cost volatility.
p. 4
“At the same time, geopolitical developments including the West Asia conflict contributed to supply chain disruptions and volatilities in energy costs as well.”
Rajeev Gupta, page 4 of the filed PDF · View the filing
Export demand from certain markets, including parts of the Middle East, remained subdued during the quarter.
p. 4
“Demand from certain export markets, including parts of Middle East, remains subdued during the quarter.”
Rajeev Gupta, page 4 of the filed PDF · View the filing
Sharp rise in polyester fiber prices created buying uncertainty among customers.
p. 9
“So, the prices for polyester fiber went up as high as to the tune of 30%. So, thereby, uncertainty did prevail in terms of buying from customers.”
Rajeev Gupta, page 9 of the filed PDF · View the filing
Fabric business, especially knit, faced subdued export-driven demand and cost pressures.
p. 13
“In case of knit, most of our customers are dependent on exports. So, garmenters whom we are working closely, they are export-oriented and their demand was affected.”
Rajeev Gupta, page 13 of the filed PDF · View the filing
Delayed transit periods and high freight costs due to geopolitical conflict affected growth.
p. 12
“So, there is West Asia conflict going around, delayed transit period, long transit and then high freight.”
Rajeev Gupta, 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.