Kilburn Engineering Q1 FY27: Strong Order Momentum, Slower Conversions, and a Clear Industrial Tech Play

The investor presentation states FY27 revenue is expected to be above INR 7,000 million with EBITDA margin around 20%, order intake targeted above INR 8,000 million, and an active enquiry pipeline above INR 40,000 million, with execution and conversion expected to be H2-weighted.

For Q1FY27 consolidated, total income from operations was INR 1,205.2 million, EBITDA was INR 242.3 million (20.1% margin), and PAT was INR 130.9 million.

The presentation reports a consolidated closing order book of INR 4,852.1 million as on 30 June 2026.

Management attributed the performance mainly to timing-related revenue deferrals due to customer delivery schedules and project execution moving into subsequent quarters, along with slower decision cycles due to geopolitical uncertainty.

The presentation states expansion is underway and expected to be completed by Q3 FY27 across Kilburn’s Saravali plant, Phase 2 at M.E. Energy’s Pune plant, and expanded precision-engineered enclosure capacity at Monga Strayfield’s Pune plant. Management also said expansions at Kilburn Engineering and M.E. Energy are expected to complete by end October 2026.

The presentation notes about INR 970 million balance amount was received from conversion of 3.0375 million warrants at INR 425 per share. Management said this strengthened the balance sheet and supports capex and growth.

Management stated on the concall that it is done with the equity raising needed and does not need any further fundraise to complete capex and pursue the INR 1,000 crore revenue aspiration.