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.