Faze Three Q1 FY27: Record June-Quarter Revenue, Margins Tested by West Asia Cost Shock

Consolidated total income was INR 235.10 crores in Q1 FY27, up 8.92 percent versus Q1 FY26.

Q1 FY27 EBITDA was INR 27.09 crores with an EBITDA margin of 11.52 percent. Management attributed lower margins to higher input costs.

The presentation states installed revenue capacity of INR 1,650+ crores across all units, with average utilisation of 55 to 60 percent.

The company states USA contributes about 65 percent and UK/EUR about 35 percent of revenue, with over 90 percent of revenue from exports.

Management states planned capex of about INR 75 crores in FY27 to add new product capabilities by Q1 FY28.

The company states PLI approval was received on July 1, 2026 and benefits are expected to accrue from April 2027 (FY28).

The ratios table shows net debt to equity of 0.44 and net debt to EBITDA of 2.24 on TTM June 2026 numbers, with interest coverage of 2.83.