Management Message

From MD Sanjay Singhania: "Prefab is evolving from a niche product into a bottleneck solution for India's construction and infrastructure needs." The company emphasizes transparency, discipline, and accountability as a newly listed entity.

Financial Performance (Consolidated)

Q1 FY27 (Quarter ended June 30, 2026) vs Q1 FY26

  • Revenue from Operations: ₹3,658 million (up 23.9% YoY from ₹2,953 million)
  • Other Income: ₹38 million (up 50.2% YoY from ₹25 million)
  • Total Income: ₹3,696 million (up 24.1% YoY from ₹2,978 million)
  • EBITDA: ₹345 million (9.4% margin, up 11.7% YoY in absolute terms from ₹309 million)
  • PAT: ₹182 million (5.0% margin, up 13.8% YoY from ₹160 million)
  • Tax Expense: ₹60 million (1.6% of revenue)

Expense Breakdown (Q1 FY27)

  • Cost of Materials Consumed & Inventory Changes: ₹2,470 million (67.5% of revenue)
  • Employee Benefits Expense: ₹414 million (11.3% of revenue)
  • Finance Costs: ₹77 million (2.1% of revenue)
  • Depreciation and Amortization: ₹64 million (1.7% of revenue)
  • Other Expenses: ₹429 million (11.7% of revenue)

Full Year FY26 Performance

  • Revenue from Operations: ₹15,253 million (up 34.5% from FY25's ₹11,339 million)
  • PAT: ₹928 million (6.1% margin, up 56.5% from FY25's ₹593 million)

Operational Highlights

Prefab Revenue Growth: 24.7% YoY in Q1 FY27 vs Q1 FY26

Current Capacity:

  • 147,122 MTPA PEB capacity
  • 1.3 million panel capacity

Strategic Focus Areas: Renewables, data centres, semiconductors, power and energy including EV, logistics, and large-scale prefab use cases where speed of construction is critical.

Order Book: ₹13,764 million as of June 30, 2026, providing visibility over next 8 months

Regional Performance: Mambattu facility helped secure 43% of PEB revenue from South India

Capacity Expansion Status

  • Brownfield expansion Line 1: Commenced production
  • Ghiloth greenfield: Progressing
  • Gujarat land: Acquired for phase 1; civil construction in full swing
  • New northern line: Expected commissioning by September 2026 to capture peak cold storage cycle

Order Book Analysis

Q1 FY27 Order Booking by End User Industry (₹5,781 million total):

  • Renewable Energy (Solar/Wind): 41.5% (₹2,397 million)
  • Warehousing/Logistics/Infrastructure: 24.8% (₹1,434 million)
  • Industrials: 21.7% (₹1,253 million)
  • Automotive & Auto Components: 5.0% (₹289 million)
  • Others: 6.6% (₹383 million)
  • Export: 0.4% (₹24 million)

Major Orders Received: Emvee, HEC, SAEL, United Breweries Limited

Financial Position

  • Net Cash: ~₹1,032 million
  • Credit Rating: A+ reaffirmed
  • IPO Proceeds Utilization: ₹1,762 million spent until end of Q1 FY27

Leadership Update

Strengthened senior leadership team with induction of an experienced industry professional who previously led major steel building and infrastructure businesses.

FY2027 Outlook and Guidance

Management Targets:

  • Revenue: ₹1,900–₹1,950 crore
  • EBITDA margin: 10.5%
  • PAT margin: 6.5% to 7%
  • Capex: Approximately ₹150 crore
  • Net Working Capital: 35-38 days

Strategic Priorities

1. Capacity expansion at Mambattu, Ghiloth, and Gujarat

2. Geographic expansion to strengthen West India presence

3. Increasing customer wallet share through partnerships

4. Forming 100% subsidiary to tap data centre solution business

5. Enhancing tech and design capabilities

6. Growing green construction revenue share

Industry Overview

Growth Drivers:

  • Warehousing and cold storage investments of ₹460-500 billion between FY25-FY29E
  • Data centre capacity growth at 30% CAGR to 2000-2300 MW by FY27
  • India Semiconductor Mission with ₹76,000 crore outlay
  • Electrical equipment market projected to grow by USD 95.31 billion from 2024-2029
  • Auto ancillaries sector achieved FY25 turnover of $80.2 billion

Certifications and Awards

Company holds multiple certifications including Pre Engineered Building Structure with PUF Sandwich Panel Certification by BMTPC, EPACK Insulated Panels certified from GRIHA Green Building Council, and various industry awards for safety and performance.