Pace Digitek Q2 FY27 Results (NSE: PACEDIGITK)
Signal: Margin expansion
The read
Pace Digitek delivered strong acceleration in Q2FY27 with revenue reaching ₹808 Cr (+51.5% YoY) and EBITDA margin expanding 200 bps YoY to 19.6%, showing strong conversion of its expanding BESS capacity into operating leverage.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹808 Cr | 51.5% | 45.5% |
| EBIT | ₹159 Cr | 68.5% | |
| Net profit | ₹97 Cr | 43.3% | |
| EBIT margin | 19.6% |
P&L walk
Topline scaled 51.5% YoY driven by utility-scale BESS project execution, delivering operating leverage as EBITDA grew 68.5% YoY to ₹159 Cr.
Segments
Order book of ₹10,735 Cr is heavily dominated by Energy (₹8,528 Cr, 79.4%) with Telecom & ICT contributing ₹2,208 Cr (20.6%), showing Energy as the primary execution engine.
Key positives
- FY27 revenue guidance raised to ₹3,300–3,500 Cr from ₹3,200–3,400 Cr on accelerated execution pace.
- Demonstrated operating leverage: EBITDA rose 68.5% YoY to ₹159 Cr (+17.0pp faster than revenue growth of 51.5%), lifting EBITDA margin by 200 bps YoY to 19.6%.
- Robust executable order book of ₹10,735 Cr (Energy ₹8,528 Cr, Telecom ₹2,208 Cr) backed by ₹2,437 Cr of fresh inflows in H1FY27.
- Operational BESS manufacturing capacity doubled to 5 GWh with Line 3 (5 GWh) on track for commissioning by December 2026 to reach 10 GWh.
Key concerns
- PAT margin compressed by 70 bps YoY to 12.0% despite 200 bps EBITDA margin expansion.
- Heavy capex execution underway across Line 3 and in-house container fabrication plant requiring disciplined working capital containment.
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