Q1 FY27 saw revenue surge 44% to INR 1,890 Cr, with EBITDA up 87% to INR 71.5 Cr (3.8% margin). Reported PAT turned positive at INR 1.4 Cr.

Acquired businesses are EBITDA positive, targeting PAT profitability from Q2, though acquisition-related costs currently impact results below EBITDA.

Vehicle volumes grew 81%; service volumes, though initially down, are set to recover from Q2. Geographic diversification has Kerala revenue below 50%. Management is positive on festive demand.

Full-year blended EBITDA margin outlook is 4.3-4.4% (revised from 5%) due to a higher Commercial Vehicle sales mix.

Focus remains on profitable growth and debt reduction.