Q1 2027 Kross Ltd Earnings Call Transcript
Key Points
- Kross Ltd (NSE:KROSS) reported a 32% year-on-year increase in sales, reaching INR185.35 crores, marking its best top-line performance for Q1 FY27.
- EBITDA grew by 39.5% year-on-year to INR225.54 million, with margin expansions to 12.23%.
- The company successfully commissioned and productionized its extrusion line, which is expected to enhance product offerings and attract more orders.
- Kross Ltd (NSE:KROSS) is experiencing a 45% year-on-year growth in exports, aligning with its strategic goals to increase export contributions.
- The company has fully utilized its IPO funds as planned, focusing on capacity expansion and working capital, which supports future growth initiatives.
- The cost pressures from increased steel prices and other input costs like LPG and tooling have impacted margins, though some relief is expected in future quarters.
- The company's top five customers' revenue contribution has decreased over the past two years, indicating potential challenges in maintaining customer concentration.
- The trailer, axles, and suspensions business grew 34% year-on-year, but the underlying industry growth remains in single digits, suggesting potential market saturation.
- Capacity utilization for new facilities like tipping jacks and axle beam extrusion is still ramping up, with full utilization not expected until later quarters.
- The company faces competition in the trailer axle segment, which may impact pricing strategies and margin improvements.
Ladies and gentlemen, good day and welcome to Kross Limited Q1 FY27 results conference call hosted by Equirus Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mihir Vora from Equirius Securities.
Thank you and over to you, Mr. Mihir.
Yeah, thank you. Welcome everyone to the Q1 FY27 post results call of Kross Limited. From the management side, we have with us Mr. Sudhir Rai, Chairman and Managing Director; Mr. Sumeet Rai, Whole Time Director; and Mr. Kunal Rai, Whole Time Director and CFO. So without taking much of your time, I'll now hand over call to Kunal.
Over to you, Kunal.
Yeah. Hi, Mihir. Thank you. I'll start off the opening remarks. This is Sudhir. Good morning, everyone. Thank you for joining us on this earning calls of Kross Limited for the first quarter ended June 30, 2026. Along with me, I have Sumeet Rai,
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