544248
Mach Conferences financials
- Market cap
- ₹351 Cr
- Sector
- Consumer Services
- Calls analysed
- 3
Mach Travel Solutions Q1 FY27
What went well
- Revenue from operations surged to ₹144.33 crores in Q1 FY27, marking a 538% YoY growth.
- EBITDA grew by 437% YoY to ₹8.92 crores, while PAT increased 307% YoY to ₹6.17 crores.
- The company successfully onboarded over 100 corporate clients for its new corporate travel vertical, launched in April.
What to watch
- EBITDA margin compressed YoY to 6.09% from 7.17% due to investments in new verticals, team expansion, and technology infrastructure.
- PAT margin also declined YoY to 4.22% from 6.54% in Q1 FY26.
What Mach Conferences does
Mach Conferences & Events Limited provides end-to-end MICE solutions - event and conference management, destination management, hotel/venue booking, ticketing and visa assistance, and event logistics - largely for corporate clients in Banking, Financial Services and Insurance (BFSI), alongside Hospitality, FMCG, Infrastructure, Manufacturing and Cement sector clients. It executes both domestic events (e.g., Goa, Chennai, Punjab, Sikkim) and international incentive tours/conferences (e.g., Bali, Argentina, Mexico, Kenya, Bangkok, Switzerland, Paris). It is also diversifying into a Government Projects Division for institutional/public-sector events and into B2C travel (religious tourism packages and Cordelia Cruises distribution).
Segments
- Event & Conference Management
- Destination Management
- Hotel & Venue Booking
- Ticketing & Visa Services
- Logistics Management
- Government Projects Division
- B2C Travel / Religious Tourism
- Employee count
- 97 (up from 81 in Mar 2025)
- Events executed
- 156 (FY25); 105 (H1 FY26)
- New client mandates won
- 7 mandates in 15 days across BFSI, Cement & Auto, covering 6,100+ participants (Nov 2025)
- Office locations
- Registered office - New Delhi; Corporate office - Noida; new office opened in Kolkata (eastern India)
- Largest single event handled
- 1,500 attendees (Cordelia Cruises event, Chennai, Aug 2025)
- International destinations serviced (recent)
- 12+, incl. Switzerland, Paris, Norway, Vancouver, Peru, New Zealand, Monte Carlo, Bali, Argentina, Mexico, Kenya, Bangkok
Guidance record · Q1 FY27
what the last two calls moved 7 tracked 1 delivered 1 missed 5 open- M&A Completion delivered said Q4 FY25 Promised: Complete medical conference vertical acquisition in about 30 days Q1 FY27: Status remains achieved from Q2 FY26. No new information this quarter.
- Corporate Governance / Loan Structure went quiet said Q4 FY25 Promised: Amend the INR 50 cr loan to subsidiary as soon as possible Q1 FY27: The topic of the subsidiary loan was not mentioned again, continuing its 'ghosted' status from the previous quarter.
- Revenue Growth revised up said Q4 FY25 Promised: 25% growth this year / 25% CAGR over next three years Q1 FY27: Management issued new, much higher guidance for FY27 of ₹500+ cr, superseding the previous 25% growth target. This represents a significant upward revision of ambition.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 23.5%, net profit up 1.5% against the same quarter last year.
| Line item | Q2 FY24 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 71 | 119 | 116 | 22 | 95 +34% | 74 −38% | 143 +24% |
| EBITDA | 6 | 11 | 7 | 1 | 10 +67% | 6 −48% | 7 −3% |
| Net profit | 4 | 9 | 6 | 2 | 8 +100% | 4 −51% | 6 +1% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +35.7% 1Y
1Y: ₹123.05 on 10 Sept 2025 → ₹167. High ₹178.7 (13 Aug 2026), low ₹91.9 (24 Dec 2025).
How the price took the results
close before → close after
- Q1 FY27
- +0.2%
- 18 Aug
- Q2 FY26
- +2.9%
- 11 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹19 Cr | ₹21 Cr | ₹21 Cr |
| Reserves | ₹14 Cr | ₹22 Cr | ₹31 Cr | ₹94 Cr | ₹102 Cr |
| Borrowings | ₹5 Cr | ₹10 Cr | ₹12 Cr | ₹6 Cr | ₹6 Cr |
| Other liabilities | ₹22 Cr | ₹25 Cr | ₹39 Cr | ₹22 Cr | ₹51 Cr |
| Total liabilities | ₹40 Cr | ₹58 Cr | ₹101 Cr | ₹143 Cr | ₹180 Cr |
| Fixed assets | ₹12 Cr | ₹12 Cr | ₹22 Cr | ₹19 Cr | ₹19 Cr |
| Capital work in progress | ₹1 Cr | ₹6 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹7 Cr | ₹2 Cr | ₹0 Cr | ₹4 Cr | ₹3 Cr |
| Other assets | ₹20 Cr | ₹38 Cr | ₹79 Cr | ₹120 Cr | ₹158 Cr |
| Total assets | ₹40 Cr | ₹58 Cr | ₹101 Cr | ₹143 Cr | ₹180 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters added +2.68 pp while the public trimmed −2.43 pp. The shareholder count shrank 16% to 1,880.
- Promoters
- 72.9%
- FIIs
- 3.2%
- DIIs
- 2.0%
- Public
- 21.9%
Since Mar 2025
- Promoters +2.68 pp
- Public −2.43 pp
- FIIs −0.67 pp
How it drifted, 4 quarters
Over this window promoters went from 70.0% to 72.9% — +2.9 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 70.0%, FIIs 5.7%, DIIs 2.7%, Public 21.6%.Mar '25: Promoters 70.3%, FIIs 3.9%, DIIs 1.6%, Public 24.3%.Sep '25: Promoters 70.9%, FIIs 3.9%, DIIs 1.9%, Public 23.3%.Mar '26: Promoters 72.9%, FIIs 3.2%, DIIs 2.0%, Public 21.9%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Amit Bhatia +1.99 pp 65.46% held
- Aarth AIF Growth Fund AIF newly disclosed 1.15% held
- Lc Radiance Fund Vcc FPI fund +0.58 pp 2.38% held
- Viney Equity Market Llp +0.25 pp 4.78% held
- Surbhi Chaddha newly disclosed 0.00% held
- Yash Pal Bhatia newly disclosed 0.00% held
- Diva Bhatia newly disclosed 0.00% held
- N. J. Fertilizers Private Limited newly disclosed 0.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Mach Conferences above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Amit Bhatia | 65.46% | +1.99 pp |
| Laveena Bhatia | 6.99% | unchanged |
| Viney Equity Market Llp | 4.78% | +0.25 pp |
| Lc Radiance Fund Vcc FPI fund | 2.38% | +0.58 pp |
| Archit Infrastructure And Developers Llp | 2.14% | unchanged |
| Spread X Securities Private Limited Corporate | 1.54% | unchanged |
| Bajrang Lal Bajaj | 1.50% | −0.12 pp |
| Aarth AIF Growth Fund AIF | 1.15% | newly disclosed |
| Adit Bhatia | 0.43% | unchanged |
| Sneh Prabha Bhatia | 0.05% | unchanged |
| Surbhi Chaddha | 0.00% | newly disclosed |
| Yash Pal Bhatia | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 12.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q1 FY27 call →Learn to analyse Mach Conferences
Guides on how to read this kind of business and the numbers that matter.