Linc Limited — Investor Meet, 14-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Linc Limited reported Q2 FY26 operating income of 139.07 Cr (+1.3% YoY), with EBITDA at 15.67 Cr (11.3% margin). Net profit dipped 3.7% to 8.46 Cr, mainly due to 1.68 Cr losses from early-stage joint ventures.

Management expresses confidence in future growth, targeting double-digit revenue for FY26, with an expectation for H2 to be much better. Key drivers include new products like Swype markers and Pentonic mechanical pencils, which are gaining traction, and the newly commissioned INR20 ballpen from the Mitsubishi JV. Exports are also showing momentum. The new Bengal manufacturing facility is on track for Q4 FY26 commissioning, promising scale and efficiency. Management anticipates improved H2 FY26 performance due to strategic changes in sales networks and expects EBITDA margins to be better than 10-11% with higher growth. Inventory days remain healthy at 60-65 days.