Shilchar Technologies Limited (SHILCTECH) Q2 FY27 Financial Results: PAT ₹20.86 & Revenue ₹134.6 Cr

Investor Takeaways

• Revenue of ₹134.6 crores reported for Q1 FY27
• Net profit of ₹20.86 crores recorded in Q1 FY27
• EBITDA of ₹29.23 crores reported for Q1 FY27
• ⚠️ Export revenue loss of ₹30-35 crores estimated due to Middle East shipping cost increases
• Domestic sales now exceed export sales
• Order book of ₹[amount context mismatch] crores with 70% domestic share
• FY27 revenue target of ₹800 crores maintained
• Phase-3 CAPEX to add 6,500 MVA capacity by April 2027

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

What Changed

Shilchar Technologies Limited reported Q1 FY27 financial results on 19 August 2026, revealing revenue of ₹134.6 crores and net profit of ₹20.86 crores. EBITDA stood at ₹29.23 crores for the quarter. The company disclosed an estimated revenue loss of ₹30-35 crores due to delays in export shipments caused by increased Middle East shipping costs. As a result of these export disruptions, domestic sales have now surpassed export sales in contribution. The company maintains an order book of ₹[amount context mismatch] crores, with 70% of the order book originating from domestic markets. Management reaffirmed its FY27 revenue target of ₹800 crores and highlighted that Phase-3 capital expenditure, involving an investment to add 6,500 MVA of capacity, is on track for commissioning by April 2027. Capacity utilization during the quarter was reported at 60-65%. The financial performance reflects the impact of external logistical challenges on export revenues, while domestic demand remains stable.

Peer Comparison

Shilchar Technologies has a significantly lower market capitalization compared to its peers, including Bharat Electronics, Hindustan Aeronautics, and Cummins India, all of which operate in the capital goods sector.

Risks & Concerns

• Export revenue loss of ₹30-35 crores identified due to shipping delays
• Dependence on export markets remains vulnerable to geopolitical and logistical factors
• Order book value partially unavailable due to data mismatch
• Capacity utilization at 60-65%, indicating room for improvement
• No specific risks identified in this filing beyond the export-related revenue impact

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