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Clovek Advisory

3rd Nov · SEBI Registration INA100014879

Revenue from EV-related supplies rose 108% YoY

DHOOTTRANS Q2 FY27_ Profit before tax, Q2 FY27: 2,116 (₹ million) . EBITDA margin fell to 14.3% from 17.6% a year earlier and from 15.1% in Q1 FY27. The company attributes this to a timing lag in raw material cost recovery, manpower investments for growth and Multilink dilution. Adjusted organic EBITDA margin, excluding Multilink and ESOP costs, was 15.2%. Exceptional items of ₹548 million included non-recurring management fees of ₹ 450 million and IPO expenses. India Business revenue rose 65% YoY and Global business revenue rose 12% YoY. Depreciation and amortisation rose 66% YoY to ₹505 million on higher capitalisation, the Multilink acquisition and lease amortisation. Finance cost fell to ₹149 million from ₹228 million after the company repaid most term debt and working capital loans with IPO proceeds.

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