Pelatro (PELATRO) Q1 26/27 earnings summary

Executive summary

• Achieved strong Q1 FY27 results with consolidated revenue of Rs. 4,021.98 lakhs (INR 40.22 crore), up 50.7% year-over-year, and PAT of Rs. 542.68 lakhs (INR 5.43 crore), up 52.51% year-over-year.

• Operates in two divisions: CVM (core business) and Estel (acquired in 2025), serving 46 telcos across 35 countries.

• Recurring and re-occurring revenues now comprise up to 97% of total revenue, reflecting a stable and predictable business model.

• AI-driven product enhancements and operational efficiencies are expected to further boost growth and profitability.

• The financial statements were reviewed by independent auditors, who expressed an unqualified conclusion.

Financial highlights

• Revenue from operations grew to Rs. 4,021.98 lakhs (INR 40.22 crore), a 50.7% increase year-over-year.

• EBITDA reached Rs. 813.01 lakhs (INR 8.13 crore) with a margin of 20.21%.

• PAT increased to Rs. 542.68 lakhs (INR 5.43 crore), with PAT margin expanding to 13.7%.

• EPS rose to Rs. 5.12 per share from Rs. 3.42 in the prior year.

• Total consolidated expenses for the quarter were Rs. 3,377.75 lakhs.

Outlook and guidance

• Revenue growth guidance remains at a conservative 15% annually, despite higher historical growth.

• 100% of expected FY27 revenue already contracted, providing full-year visibility.

• Profitability expected to improve further due to operational leverage and AI-driven efficiencies.

• Estel Division profitability is expected to reach CVM Division levels within 12 to 15 months.