Financial Performance - Q2 FY27

  • Revenue from operations: ₹268.4 Cr, up 74% YoY from ₹154.5 Cr in Q2 FY26
  • EBITDA: ₹59.0 Cr at 22.0% margin, up 94% YoY from ₹30.5 Cr (19.7% margin)
  • Profit After Tax: ₹30.7 Cr at 11.4% margin, up 60% YoY from ₹19.1 Cr (12.4% margin)
  • EPS: ₹23.64 compared to ₹13.09 in Q2 FY26
  • Employee Cost: ₹70.8 Cr
  • Finance Cost: ₹5.6 Cr
  • Tax: ₹13.8 Cr

Financial Performance - H1 FY27

  • Revenue from operations: ₹467.2 Cr, up 68% YoY from ₹277.4 Cr in H1 FY26
  • EBITDA: ₹105.2 Cr at 22.5% margin, up 87% YoY from ₹56.2 Cr (20.3% margin)
  • Profit After Tax: ₹57.5 Cr at 12.3% margin, up 66% YoY from ₹34.7 Cr (12.5% margin)
  • EPS: ₹42.02 compared to ₹23.76 in H1 FY26

Balance Sheet Position (September 2026)

  • Total Equity: ₹353.5 Cr (vs ₹307.0 Cr in March 2026)
  • Share Capital: ₹14.6 Cr (unchanged)
  • Non-Current Liabilities: ₹99.2 Cr (vs ₹81.7 Cr)
  • Current Liabilities: ₹224.8 Cr (vs ₹114.2 Cr)
  • Total Assets: ₹722.1 Cr (vs ₹502.9 Cr)
  • Cash and cash equivalents: ₹23.4 Cr (vs ₹6.3 Cr)
  • Trade receivables: ₹247.4 Cr (vs ₹115.7 Cr)
  • Inventories: ₹111.0 Cr (vs ₹69.6 Cr)

Capital Raising and Strategic Investments

  • Completed preferential issue of approximately ₹526 Cr in October 2026
  • Proceeds allocated for: new manufacturing capacity, strategic acquisitions and investments, debt reduction, and working capital
  • Proposed investment of ₹48 Cr in Myelin Foundry Private Limited for 20% holding
  • Proposed investment of ₹80 Cr in Asmaitha Wireless Technologies Pvt. Ltd. for 51% holding

Expansion and Capacity

  • Signed MoU with Government of Karnataka to invest ₹510 Cr for ESDM sector expansion
  • Secured 10-acre land in Karnataka for state-of-the-art facility (agreement in final stage)
  • Registered wholly owned subsidiary in Vietnam (ASM Technologies VIET NAM CO. Ltd.) in January 2026 with initial capital contribution of 5,247,800,000 VND
  • Current footprint: 7 manufacturing facilities (3 in Bangalore, 3 in Chennai, 1 in Vietnam), 9 development centers, 10 offices

Business Overview

  • 30+ years of experience, incorporated in 1992
  • End-to-end ER&D and design-led manufacturing services
  • Presence in USA, Singapore, UK, Canada, Japan, Thailand, Mexico, and Vietnam
  • Focus areas: semiconductors, electronics, solar, engineering, aerospace with AI integration

Management Commentary

Managing Director Rabindra Srikantan stated: "Q2 FY27 was another quarter of strong, broad-based growth for ASM" with both Design-Led Manufacturing and Engineering R&D businesses contributing to performance. Order book and enquiry pipeline provide "healthy visibility for the second half."

Recent Participation

  • Presented at 19th CII National Competitiveness & Cluster Summit 2026 on "AI Assistant for Intelligent Manufacturing"
  • Participated in 15th VDMA Mechanical Engineering Summit discussing AI-powered manufacturing
  • Showcased capabilities at Indian Defence Manufacturing Conclave 2026
  • Participated in SEMICON India 2026 showcasing AI-powered manufacturing capabilities
  • Inaugurated new ASM HHV Engineering Pvt Ltd manufacturing facility

Historical Financial Context

  • FY26 Revenue: ₹528.5 Cr (vs ₹288.8 Cr in FY25)
  • FY26 PAT: ₹60.8 Cr at 11.5% margin (vs ₹25.1 Cr at 8.7% in FY25)
  • Consistent improvement from FY22 performance (Revenue: ₹191.6 Cr, PAT: ₹13.9 Cr)