Rico Auto Industries Limited (520008) Earnings Call Transcripts

Rico Auto Industries Limited's Latest Earnings Call - Q4 FY2026

Rico Auto Industries Limited reported its highest ever annual revenue for FY '26, driven by strong domestic and export demand, as well as operational improvements. Revenue for Q4 FY '26 stood at INR 677 crores, with an EBITDA margin of 7.1% and a PAT of INR 6.9 crores. For the full year, revenue reached INR 2,477 crores, a 12% increase year-over-year, with an EBITDA of INR 223 crores and a PAT of INR 52.4 crores. Management indicated that exports to the U.S. and Germany are expected to double in the next two years. Guidance for FY '27 suggests revenue could surpass INR 3,000 crores, with margins expected to improve beyond 10.25% due to renegotiations with customers.

Reported metrics

Guidance from management

Management expects revenue to exceed INR 3,000 crores in FY '27, with EBITDA margins improving beyond 10.25% due to renegotiations with customers.

What management said

So Deepak, as I reiterated in my initial speech, there were 2 nonfactoring impacts which are there in our profitability. So if you look at on a consol level for Q4, the impact of labor code is almost INR 3.6 crores, and a lag impact of INR 11.22 crores. So if you include these and look at the EBITDA, the EBITDA margin from 7.6% rising to 9.8% for the Q4.

So if you include these nonrecurring impact, which is there in Q4, I guess the EBITDA, which is currently appearing at 7.6%, will rise to 9.8%. And similarly, if you look at the entire year, currently, the EBITDA is hovering at around 9%, wherein the impact of labor code is INR 11 crores and the impact of lag settlement of raw material is around INR 19 crores. So if you exclude these onetime impact, the margin increa...

What analysts pressed on

Analysts expressed concerns about the impact of raw material costs on margins and the ability to recover past losses. Questions also focused on the sustainability of margin improvements and the execution of new orders.

Main topics on the call

• Record Revenue Achievement — Rico Auto Industries achieved its highest ever annual revenue of INR 2,477 crores in FY '26, supported by strong demand and new program ramp-ups. Management highlighted, 'Our export to the U.S. and Germany will grow to 2...
• Export Growth — Exports accounted for INR 395 crores in FY '26, with significant growth expected in the U.S. and Germany. Management stated, 'The exports will grow by 32% this year.'
• Raw Material Cost Management — The company faced nonrecurring impacts from labor code and raw material lag settlements totaling INR 19 crores for the year. Management is renegotiating to settle raw material costs monthly, with 75% of customers agreein...
• Railway and Defense Opportunities — Rico is expanding into railway and defense sectors, targeting INR 100 crores from railways and INR 50 crores from defense in FY '27. Management noted, 'Railways, we should be crossing INR 100 crores as far as the railway...

Read the full Rico Auto Industries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Rico Auto Industries Limited earnings call transcripts on record, spanning February 13, 2020 to June 1, 2026. Based on this history, Rico Auto Industries Limited reports quarterly. The most recent call on file is dated June 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

520008

Exchange

BSE

Country

IN

Sector

Consumer Discretionary

Industry

Automobile Components

Calls on record

26

First call

February 13, 2020

Most recent

June 1, 2026

Reporting cadence

quarterly