LohiaCorp order book nearly doubles to Rs 1,993.6 crore

Lohia Corp Limited reported a Rs 1,993.6 crore pending order book at the end of Q2 FY27, 93% higher year on year and 12% above Q1 FY27, while domestic sales grew about 83% year on year and reduced overseas revenue’s share to 37% despite a 2% increase in overseas revenue.

How fast did LohiaCorp's order book grow?

LohiaCorp’s pending order book nearly doubled to Rs 1,993.6 crore at Q2 FY27 from Rs 1,030.7 crore a year earlier. It also increased from Rs 1,778.2 crore at Q1 FY27, a sequential rise of 12%, after the order book had stood at Rs 1,358.5 crore at the end of FY26. The company said its export order book was also at an all-time high.

The Q2 FY27 balance was 2.6 times the Rs 769.2 crore pending order book reported at FY24, showing the increase in business awaiting execution across the intervening periods. An order book is pending business rather than reported revenue, but LohiaCorp said the Rs 1,993.6 crore balance provided visibility for coming quarters. The presentation does not specify an execution timetable, customer-level order values or the share of orders allocated to future periods.

Why did LohiaCorp's overseas revenue share decline?

LohiaCorp’s overseas revenue share declined to 37% in Q2 FY27 from 51% in Q2 FY26 because domestic sales grew about 83% year on year, rather than because overseas revenue fell. Overseas revenue increased 2% year on year to Rs 218.5 crore in Q2 FY27 and was also 6% higher than in Q1 FY27, according to the operational highlights.

The regional mix also moved sequentially: domestic sales represented 59% in Q1 FY27 and 63% in Q2 FY27, while the overseas share moved from 41% to 37%. In H1 FY27, domestic sales accounted for 61% of revenue compared with 52% in H1 FY26, while the overseas share declined from 48% to 39%. The change accompanied a 42% year-on-year rise in Q2 FY27 revenue from operations to Rs 594.3 crore.

Which businesses drove LohiaCorp's Q2 FY27 revenue?

LohiaCorp’s machines business was the main revenue contributor, with Q2 FY27 machine revenue rising 44% year on year to Rs 480.8 crore and accounting for about 80% of revenue. The segment also increased from Rs 401 crore in Q1 FY27, while H1 FY27 machine revenue reached Rs 881.8 crore, up 53% from Rs 575.5 crore in H1 FY26.

Aftermarket revenue grew 16% year on year to Rs 54 crore in Q2 FY27 and increased 13% in H1 FY27 to Rs 101 crore. Other revenue rose to Rs 59.6 crore from Rs 37 crore in the comparable quarter. LohiaCorp attributed overall growth to momentum across machinery, aftermarket and other revenue, and described aftermarket activity as a recurring revenue stream supported by service, spare-parts and maintenance work.

How did LohiaCorp's sales growth translate into earnings?

LohiaCorp reported Q2 FY27 revenue from operations of Rs 594.3 crore, up 42% year on year and 18% quarter on quarter, while total income rose 43% to Rs 600.3 crore. Earnings before interest, tax, depreciation and amortisation, or EBITDA, increased 33% year on year to Rs 115.5 crore, while profit after tax rose 48% to Rs 77.7 crore.

The quarterly EBITDA margin was 19.4%, compared with 20.7% in Q2 FY26 and 19.9% in Q1 FY27. Management attributed the moderation in material margin to higher commodity prices, while saying employee costs and other expenses rose more moderately than sales. In H1 FY27, EBITDA rose 75.5% year on year to Rs 215.6 crore and EBITDA margin increased to 19.7% from 16.7%; profit after tax rose 107.7% to Rs 144 crore from Rs 69.3 crore.

What could shape LohiaCorp's next orders?

LohiaCorp’s stated plan is to expand its international footprint through new geographies, cross-selling and expanded warehousing and distribution operations. The company has five international offices and stockists in eight countries, and secured its first order from South Korea during the quarter. It also participated in five industry exhibitions across India and international markets in Q2 FY27.

Product initiatives include ReclaMax and ReclaPro recycling machinery, conversion equipment, lamination and printing machines, and high-performance fibre operations. During the quarter, LohiaCorp supplied a ReclaMax 120 recycling machine with capacity of 500 kilograms per hour to an Indian customer in August 2026. It also executed a 1,000-millimetre specialised stretching line for an Indian customer processing disentangled ultra-high molecular weight polyethylene for the defence sector.

Conclusion

LohiaCorp’s Q2 FY27 operating picture combines a Rs 1,993.6 crore pending order book with 42% growth in revenue from operations to Rs 594.3 crore. Domestic demand changed the sales mix most visibly, lifting the domestic share to 63% even as overseas revenue rose to Rs 218.5 crore. Machines remained the main contributor, generating Rs 480.8 crore in the quarter.

The next disclosures to watch are the execution of the Rs 1,993.6 crore backlog, progress in the export order book that LohiaCorp says is at an all-time high, and implementation of its international expansion plan following the first South Korean order. Commodity-price effects on material margin also remain relevant after the Q2 FY27 material margin fell to 41.4% from 45.3% in Q2 FY26.