Company Update : Cello World Ltd by Motilal Oswal Financial Services Ltd
Earnings in line with estimates
* Consolidated revenue grew 20% YoY/11% QoQ to INR5.9b (est. INR 5.6b).
* Gross margins contracted 210bp/440bp YoY/QoQ to 49.5%.
* EBITDA grew ~8%/11% YoY/QoQ to INR1.3b (est. in line). EBITDA margin contracted 250bp YoY, while it expanded 110bp QoQ to 21.7%.
* Adj. PAT grew 5%/17% YoY/QoQ to INR857m (est. in line).
* For 1HFY26, revenue grew 13% YoY, while EBITDA/adj. PAT declined 4%/3% to INR11.2b/INR2.4b/INR1.6b.
* Gross debt stood at INR4.9m as of Sept’25 (same as Mar’25). Further, CFO stood at INR1.3b as of Sept’25 vs INR6.5b as of Sept’24.
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SEBI Registration number is INH000000412
