India · Delayed Price · Currency is INR Rajratan Global Wire Earnings Call Transcripts
Fiscal Year 2026
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Sales volume grew 18% year-over-year, with robust demand and market share recovery despite margin pressure from raw material costs. Capacity expansions in Chennai and new steel cord projects are set to drive 17%-18% growth in FY 2027, with margins expected to normalize.
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Achieved 20% revenue growth and record sales, with strong export momentum and Chennai plant ramp-up. Expansion plans include Chennai phase two and a new wire rope facility, while focus shifts to premium customers in Europe and America. EBITDA margins are expected to improve as volumes rise.
Fiscal Year 2025
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Q4 FY25 saw a strong recovery with improved margins, driven by Chennai ramp-up and export gains. FY26 targets 15% volume growth, margin improvement, and Wire Rope business launch, while competition and tariffs remain key risks.
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Strong volume growth in India and Thailand drove improved margins, with the Chennai plant ramping up and export expansion underway. Market share remains robust despite rising competition, and the company maintains its 20% volume growth and 15-16% EBITDA margin guidance.