Kusumgar Q1 FY27: Parachute execution lifts revenue 102% and margins stay elevated

Revenue from operations in Q1 FY27 was INR 2,472 million (INR 247.2 crore), as per the financial summary in the earnings presentation.

Management attributed the 102% YoY revenue increase primarily to execution ramp-up on finished/ready parachute contracts.

Management said Q4 FY26 included expedited export shipments after US tariff-related uncertainty was resolved, pulling forward volumes; Q1 FY27 is viewed as more normal.

EBITDA margin was about 31.1% and PAT margin about 17.2% in Q1 FY27, per the earnings presentation table.

No. On the call, management stated they report as a single segment and hence segmental reporting is not applicable.

Management indicated utilization is around 55% to 60%. They said no large capex is planned in the core business, with mainly maintenance capex expected.