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L. T. ELEVATOR LIMITED Earnings Release 2026
60082_rns_2026-05-11_7257f78a-25a6-4c33-816a-55da4a06f52e.pdf
Earnings Release
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L.T. ELEVATOR LIMITED
CIN: US1909WB2008PLC128871
(Formerly Known as L.T. Elevator Private Limited)
L.T. ELEVATOR®
Corporate & Registered Office:
Capricorn Nest, 3 Gobinda Auddy Road,
P.O.: Alipore Kolkata – 700027, West Bengal India
Phone: 033-2448-0447
Email: [email protected] / Web: www.ltelevator.com
Date: 10-05-2026
To,
BSE Limited
The Corporate Relationship
Department Phiroze Jeejeebhoy
Towers,
1st Floor, Dalal Street
Ref: Scrip Code: 544518
ISIN: INE0TJ801010
Sub: Intimation under Regulation 30 SEBI (LODR) Regulations, 2015- Investor Conference Call
Dear Sir/Ma'am,
Pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company will be hosting an investor conference call to discuss the recent acquisition of Ricardo Elevators and overall business outlook on Thursday, 14 May 2026 at 02:00 PM IST. The call details are enclosed herewith. This is for your information and records.
Thanking You,
For, L. T. Elevator Limited
Arvind Gupta
Digitally signed by Arvind Gupta
Date: 2026.05.11 12:11:25 +05'30'
Mr Arvind Gupta
Managing Director
(DIN: 00253202)
Place: Kolkata
L.T. ELEVATOR LIMITED
CIN: US1909WB2008PLC128871
(Formerly Known as L.T. Elevator Private Limited)
L.T. ELEVATOR®
Corporate & Registered Office:
Capricorn Nest, 3 Gobinda Auddy Road,
P.O.: Alipore Kolkata – 700027, West Bengal India
Phone: 033-2448-0447
Email: [email protected] / Web: www.ltelevator.com
L.T. Elevator Ltd Investors Conference Call
2.00 PM IST on Thursday, May 14, 2026
Conference Joining Information
Option 1
Express Join with DiamondPass™
Option 2
When using the dial-in numbers mentioned below, please dial in 10 minutes prior to the conference schedule to ensure that you are connected to your call in time.
Universal Dial In
+91 22 6280 1488
+91 22 7115 8869
International Toll Free
Argentina 0080014243444
Australia 0080014243444
Belgium 0080014243444
Canada 01180014243444
China 4008428405
France 0800914745
Germany 0080014243444
Hong Kong 800964448
Italy 0080014243444
Japan 00531161110
Netherlands 08000229808
Poland 008001124248
Singapore 8001012045
South Korea 00180014243444
Sweden 0080014243444
Thailand 00180014243444
UK 08081011573
USA 18667462133
L.T. ELEVATOR®
We cordially invite you to the INVESTORS CONFERENCE CALL of L.T. ELEVATOR
14th May 2026 | 2:00 PM
Joining Details
| Universal Dial In
+91 22 6280 1488
+91 22 7115 8869 | Diamond Pass Login
Click Here to Register |
| --- | --- |
Note : When using the dial-in numbers mentioned above please do so 10 minutes prior to the conference schedule to ensure that you are connected in time.
Speakers from the Management
Mr. Yash Gupta - Whole Time Director
For Further Information Please Contact:
Biplab Das ([email protected])
Chief Financial Officer
Statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and abroad. Actual Results might differ substantially from those expressed or implied. The company and its management will not be in any way responsible for any action taken based on such statements and discussions.
L.T. ELEVATOR®
CIN: L31909WB2008PLC128871 | BSE: 544518 | [email protected] | www.ltelevator.com
Kolkata, 10 May 2026
Annual Performance Update & Strategic Direction
L.T. Elevator Limited (BSE: 544518), a leading provider of elevator solutions and automated parking systems, is pleased to announce its FY26 results — marking the Company's first full financial year following its listing on BSE SME on 19 September 2025.
The Company crossed ₹111 crore in topline revenue for FY26, registering ~97% year-on-year growth over FY25 revenue of ~₹56.5 crore, while broadly maintaining operating margins. FY26 also marks the first time in L.T. Elevator's history that annual revenue has crossed ₹100 crore — a milestone underpinned by disciplined execution, scalable operations, expanding geographical reach, and the Company's design-led engineering capabilities.
FY26 KEY HIGHLIGHTS
| ₹111 Cr+
FY26 Topline | ~97%
YoY Revenue Growth | ₹250 Cr+
Order Book | ₹17 Cr
FY26 Profit after Tax (PAT) |
| --- | --- | --- | --- |
The above figures do not include Ricardo Elevators, which is being reported separately. The merger with L.T. Elevator Limited is currently underway. Ricardo is PAT positive and its financials will start reflecting in L.T. Elevator's consolidated numbers from FY27 onwards.
FINANCIAL PERFORMANCE — FY26 VS FY25
Note: H2 FY26 registered 70% growth over H2 FY25, but the numbers are not fully representative due to lumpy margins booked in H2 FY25 vs H1 FY25. Full year comparison of FY26 vs FY25 is more indicative of topline and earnings growth, and we expect to continue to grow at a rapid pace in FY27.
Works 1: Vill Chak Chata, Raipur Maheshtala, Kolkata – 700141 | Works 2: P-2, Gangarampur Road, Jhoutala, Raipur, Maheshtala, Kolkata – 700141
L.T. ELEVATOR®
CIN: L31909WB2008PLC128871 | BSE: 544518 | [email protected] | www.ltelevator.com
KEY DEVELOPMENTS IN FY26
Ricardo Elevators — Acquisition Driving the Next Phase of Growth
- Merger in progress: Ricardo Elevators is being merged into L.T. Elevator Limited, strengthening the Company's pan-India retail presence and direct-to-consumer sales capabilities across the home elevator segment.
- Robust order momentum: Ricardo continues to generate healthy order inflows of approximately ₹6 crore per month — translating into an annualised run-rate of ₹70+ crore. Given the typical order delivery timeline of 3 to 6 months, this steady pipeline is expected to contribute meaningfully to FY27 revenue.
- Working capital advantage: Ricardo operates on a positive working capital cycle, complementing the relatively higher working capital requirements of the Company's elevator and automated parking businesses — and thereby improving the overall cash conversion profile of the combined entity.
Phase 1 of the Multi-Level Car Parking Project in Shillong — Largest in the North East
- Successfully completed Phase 1 of a ₹43 crore multi-level car parking project in Shillong, the largest multi-level car parking project in the North East, through wholly-owned subsidiary LT ParkSmart.
- Phase 1 was inaugurated by the Hon'ble Chief Minister of Meghalaya in Shillong — underscoring the Company's capability to deliver large-scale, high-visibility infrastructure. Phase 2 is underway in the current financial year.
Order Book — ₹250 Crore+
- The current executable order book exceeds ₹250 crore, providing strong revenue visibility for upcoming financial cycles.
- Composition: Smart city projects, premium residential developments, D2C home elevators, and government infrastructure contracts.
STRATEGIC OUTLOOK — FY27 AND BEYOND
The Company expects to continue to grow at a rapid pace, supported by a strong execution pipeline, Ricardo's expanding order run-rate, and continued geographical expansion across domestic and international markets.
Elevator Business
- Ricardo integration: Completing the full merger during FY27 to unlock synergies across manufacturing, sourcing, execution, and distribution.
- Home elevator scale-up: Accelerating expansion in the home elevator segment across India through the combined L.T. Elevator and Ricardo retail and distribution network.
- International expansion: Strengthening the Group's presence across Malaysia, Australia, and select international markets as part of the Company's long-term global growth strategy.
Works 1: Vill Chak Chata, Raipur Maheshtala, Kolkata – 700141 | Works 2: P-2, Gangarampur Road, Jhoutala, Raipur, Maheshtala, Kolkata – 700141
L.T. ELEVATOR®
CIN: L31909WB2008PLC128871 | BSE: 544518 | [email protected] | www.ltelevator.com
Car Parking Segment
- Larger-ticket project wins: With a stronger balance sheet, established execution track record, and enhanced eligibility post-listing, the Company is actively pursuing significantly larger projects than its historical average order size.
- Automated parking leadership: Expanding the Company's presence via LT ParkSmart, while evaluating strategic inorganic opportunities — including the potential acquisition of an international patent-holding company in the rotary car parking space.
Manufacturing & Capacity
- Integrated manufacturing facility: The Company is progressing toward completion of its integrated facility during Q4 FY27 on the recently acquired land parcel. Upon commissioning, the facility is expected to increase installed manufacturing capacity by approximately 2.5×, supporting the next phase of scale and operational growth.
MANAGEMENT COMMENTARY
> “Crossing ₹111 crore in revenue with ~97% year-on-year growth, while surpassing the ₹100 crore milestone for the first time in the Company's history, marks an important moment in our growth journey. However, we believe this is only the beginning of the next phase of scale.
>
> The Ricardo acquisition significantly strengthens our retail reach and positions us to scale across India and selected international markets, while building a stronger consumer-facing brand. With a healthy execution pipeline and integration initiatives underway, we remain confident of sustaining strong growth momentum in FY27 and beyond.”
>
> — Mr. Yash Gupta, Director, L.T. Elevator Limited
ABOUT L.T. ELEVATOR LIMITED
Incorporated in 2008, L.T. Elevator Limited is a leading East India-based manufacturer offering end-to-end elevator solutions (Passenger, Goods, Hospital, Home) and automated parking systems through its wholly owned subsidiary LT ParkSmart. Following the acquisition of Ricardo Elevators, the Company is now also expanding into the D2C home elevator segment. With an ISO 14001:2015 certified plant in West Bengal and 21 offices across India, the Company serves real estate developers, hospitals, premium residential projects, and government institutions on a turnkey Engineering + O&M basis.
Disclaimer: This document may contain forward-looking statements subject to risks and uncertainties. The Company does not commit to publicly updating them to reflect future events or circumstances.
For Further Information: Biplab Das | CFO | [email protected]
Works 1: Vill Chak Chata, Raipur Maheshtala, Kolkata – 700141 | Works 2: P-2, Gangarampur Road, Jhoutala, Raipur, Maheshtala, Kolkata – 700141