L. T. Elevator Ltd
L. T. Elevator Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Current facility can support Rs.170-180 crores revenue; operating two shifts already. - New facility planned with Rs.300-400 crores capacity, expected to go live between Dec 2025 - Mar 2026. - Combined capacity will shift to new facility, targeting utilization in FY27 but top-line estimate is unclear. - Post Ricardo acquisition, production target is approx. Post Ricardo acquisition, L.T.
From L. T. Elevator Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Current facility can support Rs.170-180 crores revenue; operating two shifts already.
- New facility planned with Rs.300-400 crores capacity, expected to go live between Dec 2025 - Mar 2026.
- Combined capacity will shift to new facility, targeting utilization in FY27 but top-line estimate is unclear.
- Post Ricardo acquisition, production target is approx. 1,500 to 2,000 elevators in FY28, about one-sixth of India's largest elevator company’s volume.
- Ricardo brings rapid order growth: 50-60 new orders/month, growing 15-20% month-over-month.
- Ricardo’s execution run rate expected ~Rs.60-70 crores for FY27.
- Aim to increase B2C business share to 50-60% by FY28, improving working capital.
2 more points management made on revenue & sales performance
Profitability & Margins
See what L. T. Elevator Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- L.T. Elevator is planning a new manufacturing facility with a capacity of Rs.300 to Rs.400 crores to support increased production, especially post-Ricardo merger.
- The new facility is expected to go live between December 2026 and March 2027.
- Current facility capacity supports roughly Rs.170-180 crores of revenue, and the new facility will replace it entirely.
- With increased capacity, the company aims to produce around 1,500 to 2,000 elevators in FY28.
- There is likely to be a bigger CAPEX spend soon to accommodate higher production needs due to the acquisition and demand growth.
2 more points management made on capital expenditure plans
Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what L. T. Elevator Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Ricardo's current monthly order pick-up is around Rs. 6 crores, translating to an expected run rate of Rs. 60-70 crores for FY27.
- Ricardo typically has a project cycle of 3 to 6 months.
- The overall order book includes about Rs. 12-13 crores as pending orders for Ricardo, approximately 10-20% of their total order book.
- L.T. Elevator aims to produce around 1,500 to 2,000 elevators in FY28 post-Ricardo merger, signifying significant capacity ramp-up.
2 more points management made on order book & pipeline
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Frequently Asked Questions
What were L. T. Elevator Ltd Q3 FY26 results?
Current facility can support Rs.170-180 crores revenue; operating two shifts already. - New facility planned with Rs.300-400 crores capacity, expected to go live between Dec 2025 - Mar 2026. - Combined capacity will shift to new facility, targeting utilization in FY27 but top-line estimate is unclear. - Post Ricardo acquisition, production target is approx. Post Ricardo acquisition, L.T.
What is L. T. Elevator Ltd share price analysis?
L. T. Elevator Ltd currently shows a neutral. The stock trades at a P/E of 36.0 with a market cap of ₹612 Cr. Investors should review the full earnings analysis for detailed insights.
Is L. T. Elevator Ltd planning capital expenditure?
L.T.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.