Kusumgar Limited (kusumgar) Q1 FY27: Revenue Up 102% Yoy to ₹2,472 Mn, Ebitda Margin Expands to 31.1%

Kusumgar Limited (NSE: KUSUMGAR) has unveiled its Q1 FY27 earnings, showcasing a robust performance with a 102% year-on-year increase in revenue to ₹2,472 million. The company’s EBITDA margin also expanded to 31.1% in Q1 FY27 compared to 22.0% in the same period last year, driven by a richer, higher-margin product mix. Despite a sequential decline in revenue to ₹2,472 million (down from ₹3,128 million in Q4 FY26), the company’s capacity utilization is trending upward across its manufacturing facilities. Kusumgar Limited continues to focus on diversifying its product pipeline and strengthening its market presence in aerospace and defence segments.

Revenue Performance

The company’s revenue for Q1 FY27 surged by 102% year-on-year to ₹2,472 million, primarily driven by the execution ramp-up on finished parachutes contracts. However, there was a quarter-on-quarter decline to ₹2,472 million (from ₹3,128 million in Q4 FY26) due to higher export shipments in Q4 FY26 post-Trump tariff resolution, a one-off catch-up.

EBITDA Margin Expansion

Kusumgar Limited’s EBITDA margin improved to 31.1% in Q1 FY27 from 22.0% in Q1 FY26, reflecting the company’s operational efficiency and strategic focus on higher-margin products. The margin, however, moderated sequentially from 41.1% in Q4 FY26 due to lower operating leverage as revenue normalized off an elevated base.

Future Outlook

Looking ahead, Kusumgar Limited remains committed to its diversification strategy, expanding its product development pipeline across various segments and geographies. The company aims to de-risk revenue concentration and build medium-term resilience by leveraging its process knowledge and product development expertise to offer unique solutions for its customers.

Source: NSE Corporate Announcement

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