Pelatro FY26: Platform-led growth, margin expansion, and a bigger telecom footprint

Consolidated revenue from operations was 13,823.01 lakhs (138.23 crore) in FY26, versus 8,576.87 lakhs (85.77 crore) in FY25.

EBITDA increased to 3,147.55 lakhs (31.48 crore) in FY26 from 1,788.56 lakhs (17.89 crore) in FY25. EBITDA margin improved to 22.77% from 20.85%.

Pelatro reports two segments: CVM Division and Estel Division. FY26 revenue was 116.57 crore for CVM and 21.66 crore for Estel (all in rupees crores).

Management stated that at the start of FY27, 82% of the company’s internal FY27 revenue target was already contracted.

The investor presentation shows recurring revenue at 60% and re-occurring revenue at 22% in FY25-26, totaling 82% repeat revenue. One-time revenue was 18%.

On the earnings call, the CFO stated that the top five customers contribute around 39% to 40% of revenue and the top 10 contribute around 60%.

Management stated the board recommended a final dividend of Re. 1 per equity share for FY26.