Key takeaway: Ardee Industries Limited reported Q1 FY27 revenue of Rs. 338.8 crores, a 35.2% YoY increase, driven by strong demand and customer offtake. EBITDA was Rs. 33.8 crores, with a 10% margin, slightly down from Q1 FY26. Profit before tax rose 5% YoY to Rs. 26.7 crores, and PAT increased 6% to Rs. 19.9 crores. Sales volume reached 17,645 metric tons, up from 15,529 metric tons in Q1 FY26. The company expanded its installed capacity by 50.9% to 1,56,950 MTPA, effective May 2026, and acquired a 5.56-acre land parcel for future expansion. Export revenue grew significantly, reaching Rs. 465 crores in FY26, with the company recently empaneling its lead 99.97 brand on the London Metal Exchange. Management guided toward 10-20% top-line growth for FY27, citing geopolitical challenges and supply chain disruptions as factors. The company emphasized maintaining operational discipline, using back-to-back hedging to mitigate commodity price risks, and exploring opportunities in lead alloys and other metal recycling. Inventory build-up in Q1 was deemed temporary, with EBITDA margin impact expected to unwind in subsequent quarters. The company also discussed plans to diversify raw material sourcing, including domestic procurement, to reduce reliance on imports.