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Elin Electronics reported tough Q1 FY27 financial results. Revenue grew 23% to ₹362.8 Cr, but EBITDA plunged to ₹4 Cr (1.1% margin), resulting in a ₹2.8 Cr net loss. Factors included soaring commodity prices, rupee depreciation, a 25% Ghaziabad wage hike, and product mix shifts.
Management is now prioritizing margins, scaling back loss-making batten lighting. FY27 revenue guidance is ₹1375 Cr. The new Bhiwadi plant starts Q2 production, targeting ₹70-90 Cr this year. Demand is strong, yet full cost pass-through remains a challenge. Management asks for investor patience on margin recovery.