Ritco Logistics delivered a strong performance in Q1 FY27, navigating heightened geopolitical uncertainty and impacts on the petrochemical industry.

Looking ahead, we remain confident of creating long-term sustainable value, supported by a robust order book of over Rs. 550 crore, strong execution capabilities and a technology driven approach basis the Government's sustained focus on infrastructure development. Our strategic diversification beyond highways is progressing well, with successful order wins across adjacent infrastructure segments. During the quarter, we also announced our entry into the Marine Infrastructure Construction & Maintenance segment, leveraging our engineering, construction and asset management capabilities to capitalize on emerging opportunities in ports and marine infrastructure. Backed by a robust project pipeline, strong execution capabilities and our continued focus on technology-led solutions such as Micro Surfacing, Cold In-Place Recycling (CIPR) and Full Depth Reclamation (FDR), we remain well-positioned to capitalize on the growing opportunities in India's road infrastructure sector and sustain our growth momentum.

Standalone revenue grew by 37.4% year-on-year to ₹5,129.42 lakhs for Q1 FY27.

We reported strong and stable performance during the quarter, with total revenue growth of 12% year-on-year despite challenging market conditions. On a quarter - on- quarter basis, our income from operations has increased by 1.8% and we expect our growth to accelerate in the near future. Our efforts towards optimization have shown improvements in operational areas. SLAs have been consistently met, and we continue to prioritize key metrics like utilization, bench management and automation, while maintaining the same levels of attrition. We continue to invest in people, our biggest asset, through training programs. Our focus on Artificial Intelligence (AI) and Digital Transformation continued this quarter too, allowing more scale and integration of processes. This allows us to explore further opportunities and offer customers better value through scalable capabilities across our spectrum of services. As we move forward, we will continue to focus on exploring growth opportunities and deepening customer relationships in services and markets, while internally driving operational excellence in execution and governance, supported by efficiency and automation. At the heart of our efforts remains the commitment to consistently deliver long-term and sustainable value to our customers, employees, shareholders, and all stakeholders.

Q1 FY27 marks the strongest quarter in Sunrakshakk's history, further reinforcing our position as a diversified, growth-led FMCG company. Consolidated revenue grew 120.64% YoY and 39.85% QoQ to ₹276.33 crore, led by broad-based demand across FMCG, FMCG Intermediates and Edibles, which together now contribute approximately 90.6% of our consolidated revenue. EBITDA increased 94.41% YoY to ₹22.59 crore, while PAT grew 130.67% YoY to ₹15.04 crore, with PAT margin improving to 5.44% from 5.21% in Q1 FY26. Our FMCG segment EBITDA margin improved to 8.55% from 7.90% in Q1 FY26, reflecting continued operating leverage in our core FMCG business. On a consolidated basis, EBITDA margin stood at 8.18% versus 10.19% in Q4 FY26, largely on account of higher raw material costs amid ongoing geopolitical headwinds, which we expect to normalize over the next couple of quarters. Even so, absolute profitability continued to scale meaningfully. During the quarter, we commissioned a new soap production line at our Roorkee facility, adding approximately 1,700 MT of monthly capacity at our existing Roorkee plant, with aggregate FMCG & FMCG Intermediary capacity now at 20,840 tons per month. This, together with the continued ramp-up of our Guwahati facility and the Edibles portfolio, further strengthens our integrated, pa

Q1 FY27 reflected continued progress in our business, with a focus on strengthening our manufacturing capabilities and supporting growth across our diversified product portfolio. As part of our recent expansion plans, we are proposing an addition of 3,550 MT per annum to our existing manufacturing capacity, which will further strengthen our ability to cater to growing demand across key product segments. We are also progressing with the proposed preferential issue to support the Company’s growth and expansion plans. Post completion, my shareholding is expected to increase from 9.37% to 10.95%, while the combined shareholding of Mr. Manish Dedhia and myself is expected to increase by 3.99%. The aggregate Promoter shareholding is expected to increase from 67.77% to 68.61% on a fully diluted basis. The Company delivered a strong financial performance during the quarter. Total Income grew 11.62% YoY, while EBITDA increased significantly by 209.50% YoY, reflecting improved operating efficiencies and a stronger product mix. Net Profit also recorded substantial growth of 566.23% YoY during the quarter. Our strong results this quarter reflect continued progress on a journey powered by operational excellence, data-driven marketing, scientific innovation, and an empowered team - and we remain committed to building on this momentum ahead. Going forward, we remain focused on expanding our manufacturing capabilities, strengthening our product portfolio and leveraging opportunities across the industrial and packaging segments. We believe these initiatives will enable us to support sustainable growth, enhance operational capabilities and create long-term value for our stakeholders.

Mamata Machinery Limited has been granted a patent in India for its invention titled 'Pouch Shuttle Mechanism for Horizontal Form Fill Seal Machine'.

Revenue from Operations for Q1FY27 declined 6% YOY, on account of slower execution as customers deferred machine deliveries, reflecting the continued effects of the polymer price escalation triggered by the West Asia crisis. Order intake & business visibility has remained healthy during the quarter, in line with our business outlook for FY27, and as reflected in our order backlog at the end of FY26. However, the sudden and significant rise in polymer prices has increased working capital requirements for our customers, particularly the converter category, leading them to divert capital from CAPEX projects towards the more urgent needs of immediate working capital. As a result, customers are requesting us to push back deliveries, making revenue booking and dispatches challenging in the near term. We expect execution to pick up in the latter part of the year as some of these pressures subside. On the profitability front, gross margins remained healthy, registering an increase on both YoY and QoQ basis, signalling a healthy mix and underlying profitability. On the OPEX front, Other Expenses were higher due to exhibitions and trade shows during the quarter, including our presence at Interpack 2026 in Düsseldorf in May. Employee Benefit Expenses also registered some increase. These costs weighed on our EBITDA during the quarter, which should normalise, mainly as exhibition and trade show expenses normalise as a percentage of the top line over the rest of the year. On the operational front, a key recent development was our recyclable film technology RecTech receiving 100% Recyclability Certification in the European Union in August, further establishing the case for the commercial viability of this technology. We now await the certification from the Association of Plastic Recyclers (APR), USA. Looking ahead, we are cautiously optimistic about our business outlook for FY27. While some headwinds from the previous year, such as tariffs, have subsided, newer ones have emerged in the form of the West Asia crisis. We are navigating these strategically, ensuring business growth while maintaining a robust balance sheet position.

We have started FY27 with robust financial and operational performance, delivering consolidated PAT of Rs. 4,233 million in Q1. Revenue stood at Rs. 53,972 million and EBITDA at Rs. 9,198 million. Our diversified portfolio, integrated capabilities and strong presence across key global markets continue to strengthen our competitiveness. We witnessed strong performance in our core packaging business, supported by improved volumes, higher capacity utilization and enhanced operating efficiencies across key markets. The commissioning of our recycling facilities in Noida and our Mexico WPP bags facility, together with the upcoming Egypt aseptic packaging facility, marks an important step in expanding our global manufacturing footprint and strengthening our ability to serve customers across high-potential markets. India’s consumption environment is showing signs of a broad-based recovery, with improving FMCG volumes, while globally, consumers are increasingly prioritizing value, sustainability and convenience. With our expanding capacity, technology leadership, innovation, operational efficiency and growing global footprint, we are well positioned to deliver sustainable and profitable growth in FY27 and beyond.

Max Estates achieved pre-sales of approximately ₹1,093 crore in Q1 FY27, marking a significant year-on-year growth.