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The Quarter story
The two most recent quarterly results, compared side-by-side.
Profitability and sales volumes cooled in Q1 FY27, but tighter cost control and lower customer concentration are stabilizing operations.
Customer concentration falls from 49.45% in Q2 FY26 to 41.33% in Q1 FY27, reducing reliance on a few large buyers.
EBITDA margin contracts from 15.22% in Q3 FY26 to 11.24% in Q1 FY27, reflecting pricing and volume pressure.
Other operating costs drop from ₹4.52 Cr in Q1 FY26 to ₹3.28 Cr in Q1 FY27, improving overall expense efficiency.
PAT margin falls from 11.46% in Q4 FY26 to 7.81% in Q1 FY27, highlighting bottom-line erosion.
Interest expenses ease from ₹0.77 Cr in Q3 FY26 to ₹0.31 Cr in Q1 FY27, lowering debt servicing costs.
Tread rubber plant utilization drops from 59.46% in Q3 FY26 to 49.92% in Q1 FY27, leaving capacity idle.
Export revenue share grows from 5.65% in Q1 FY26 to 8.15% in Q1 FY27, strengthening overseas market presence.
Tyres sales volume declines from 1,55,790 units in Q3 FY26 to 1,09,723 units in Q1 FY27, showing demand cooling.