Elgi Equipments Q1 FY27 slides: 23% revenue growth, margins resilient

Elgi Equipments reported its Q1 FY27 results on August 14, 2026, revealing a 23% year-over-year revenue growth and a 28% expansion in EBITDA, despite challenges related to rising input costs and restructuring expenses. The shares of the industrial air compressor manufacturer rose by 6.46% to $613.80, nearing the 52-week high of $633.85.

Revenue for the quarter was INR 10,622 million, with 7% of growth attributed to favorable currency effects and the remaining 16% to organic business expansion. EBITDA reached INR 1,553 million, marking a 28% year-over-year increase from INR 1,216 million. The company maintained a 14.6% EBITDA margin, despite cost pressures from raw material inflation, tariffs, and shifts in product mix.

Profit after tax stood at INR 1,033 million, translating to a 9.7% margin. Basic earnings per share were INR 3.28. Compressor business constituted 92% of total sales, with the automotive segment contributing the remaining 8%. India accounted for 49% of compressor sales, while Rest of World (ROW) markets made up 51%. India's standalone sales were INR 6,448 million, up 28% year-over-year from INR 5,027 million.

North America saw a 37% year-over-year increase to INR 2,607 million. Europe demonstrated steady growth with sales of INR 1,514 million, up 21% from the prior year. EBITDA growth was driven by volume growth and favorable exchange rates, but was partially offset by higher employee and other costs. Net cash rose to INR 6,800 million, up from INR 6,207 million the previous quarter.