Ardee Industries Q1 FY27: Bigger Capacity, Steady Profit, And A Clear Push For Exports

Q1 FY27 revenue was INR 3,388 million, EBITDA was INR 338 million and PAT was INR 199 million, as per the investor presentation and concall.

EBITDA margin in Q1 FY27 was 10.0%. Management indicated guiding around the 10% range for FY27 due to geopolitical uncertainty.

Installed capacity increased to 1,56,950 MTPA effective May 29, 2026, from 1,04,025 MTPA.

In Q1 FY27, 61.3% of revenue was domestic and 38.7% was from exports.

Management indicated working capital days around 90 to 100 days on a sustainable basis (around 95 days as of the call date).

Management stated it uses LME linked back-to-back hedging with a daily hedge system and daily audit, and that positions are not left unhedged.

Management indicated a broad volume growth target of 10% to 20%, noting higher confidence in H2 and dependence on supply chain conditions.