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S H Kelkar and Company Limited Q4 FY26 earnings call summary

NSE: SHK · BSE: 539450

Earnings call of 18 May 2026, summarised by AI from the filing.

SHK guides to 13.5% adjusted EBITDA margin for H1 FY27 after Q4 adjusted EBITDA of ₹83 cr at 13.5%.

Key takeaways

  1. H1 FY27 guidance Management confident of maintaining 13.5% adjusted EBITDA in the first half of FY27.
  2. Portfolio exit Exited ₹35 cr one-off sale, roughly ₹50 cr of annual low-margin business.
  3. Europe capacity Almere factory fully operational, allowing restoration of double-digit plus growth.
  4. Raw material risk Raw material prices up 12-13% plus; cost increases may reflect in coming quarters.

Original filing on BSE

S H Kelkar and Company Limited Q1 FY27 results

As filed: Revenue ₹662 cr (+14% year on year), EBITDA ₹88.7 cr (+23% year on year), PAT ₹45.4 cr (+16% year on year), EBITDA margin 13.4% (+99 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹650 cr (+15% year on year), EBITDA ₹60.0 cr (−19% year on year), PAT ₹1.8 cr (−98% year on year), EBITDA margin 9.2% (−381 bps). Score 31 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 381 bps year on year. Other income 53% of PBT. Tax rate 94%. Profit fell 94% from last quarter. Share price after the results: −5.2% in 28 days (Nifty 500: +0.3%).
  • Q3 FY26: Revenue ₹584 cr (+8% year on year), EBITDA ₹56.1 cr (−12% year on year), PAT ₹32.6 cr (−40% year on year), EBITDA margin 9.6% (−218 bps). Score 36 of 100, Below trend. Revenue, EBITDA and profit before exceptional items growth were below the company's own trend. EBITDA margin fell 218 bps year on year. Share price after the results: −20.6% in 28 days (Nifty 500: −4.1%).
  • Q2 FY26: Revenue ₹554 cr (+2% year on year), EBITDA ₹52.0 cr (−35% year on year), PAT ₹9.0 cr (−78% year on year), EBITDA margin 9.4% (−535 bps). Score 18 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin fell 535 bps year on year. Consolidated profit -77% but standalone +0%. Revenue fell 5% from last quarter. Share price after the results: −24.1% in 28 days (Nifty 500: +1.3%).
  • Q1 FY26: Revenue ₹581 cr (+24% year on year), EBITDA ₹72.0 cr (−8% year on year), PAT ₹26.0 cr, EBITDA margin 12.4% (−420 bps). Score 51 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was below it. EBITDA margin fell 420 bps year on year. Profit fell 75% from last quarter. Share price after the results: +8.4% in 28 days (Nifty 500: +1.7%).
  • Q4 FY25: Revenue ₹567 cr (+6% year on year), EBITDA ₹74.0 cr (−16% year on year), PAT ₹103 cr (−33% year on year), EBITDA margin 13.1% (−346 bps). Score 22 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 346 bps year on year. Tax rate -6%. Revenue rose ₹34.0 cr on a year ago, against ₹61.0 cr the year before. Share price after the results: +18.3% in 28 days (Nifty 500: +0.2%).
  • Q3 FY25: Revenue ₹543 cr (+9% year on year), EBITDA ₹64.0 cr (−18% year on year), PAT ₹18.0 cr (−44% year on year), EBITDA margin 11.8% (−394 bps). Score 27 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 394 bps year on year. Profit fell 55% from last quarter.
  • Q2 FY25: Revenue ₹543 cr (+19% year on year), EBITDA ₹80.0 cr (+13% year on year), PAT ₹40.0 cr (+33% year on year), EBITDA margin 14.7% (−87 bps). Score 44 of 100, In line with trend. EBITDA margin fell 87 bps year on year. Other income 33% of PBT. Tax rate 38%. Consolidated profit +33% but standalone -50%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

S H Kelkar and Company Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.