Disclosure Nature

Regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing unaudited standalone and consolidated financial results for the half year ended 30th September 2026 (H1 FY27), approved by the Board of Directors at its meeting held on 30th October 2026.

Financial Performance (Consolidated - H1 FY27)

  • Revenue from Operations: ₹133.23 crore (up 74.88% YoY from H1 FY26 ₹76.19 crore)
  • Total Income: ₹134.00 crore (up 73.59% YoY from H1 FY26 ₹77.20 crore)
  • EBITDA: ₹10.28 crore (up 75.11% YoY from H1 FY26 ₹5.87 crore)
  • EBITDA Margin: 7.67% (vs 7.60% in H1 FY26)
  • Profit Before Tax: ₹8.17 crore (up 53.28% YoY from H1 FY26 ₹5.33 crore)
  • Profit After Tax: ₹5.15 crore (up 54.65% YoY from H1 FY26 ₹3.33 crore)
  • PAT Margin: 3.86% (vs 4.37% in H1 FY26)
  • EPS: ₹4.18 (vs ₹2.70 in H1 FY26)

Comparative Financial Data

| Period | Revenue from Operations | Total Income | EBITDA | PBT | PAT |

| H1 FY27 | ₹133.23 Cr | ₹134.00 Cr | ₹10.28 Cr | ₹8.17 Cr | ₹5.15 Cr |

| H2 FY26 | ₹143.14 Cr | ₹144.52 Cr | ₹18.01 Cr | ₹15.34 Cr | ₹12.49 Cr |

| H1 FY26 | ₹76.19 Cr | ₹77.20 Cr | ₹5.87 Cr | ₹5.33 Cr | ₹3.33 Cr |

| Full Year FY26 | ₹219.32 Cr | ₹221.72 Cr | ₹23.88 Cr | ₹20.67 Cr | ₹15.82 Cr |

Operational Highlights

  • Growth was broad-based across pharmaceutical, data center, and solar projects
  • Received repeat orders from existing customers
  • Order ticket sizes are increasing, including a marquee order of ₹90 crore in life sciences sector
  • Kelvin Air Conditioning & Ventilation Systems (60.20% subsidiary) scaling HVAC business with focus on data center orders
  • Through 28% associate AAR-T, strengthening semiconductor presence with import-substituting T-Grid technology
  • Extending sector reach into automotive, medical devices, and electricals & electronic components

Margin Analysis

EBITDA margin maintained at 7.67% despite margin pressures from:

  • Volatility in aluminium and key raw material prices amid geopolitical turbulence
  • Competitive pricing in new sectors (non-pharma verticals) to establish credentials with marquee customers

Working Capital & Financing

  • Trade receivables: ₹129.10 crore as of 30th September 2026
  • Expects improved working capital efficiency by March-April 2027 as projects near completion
  • Secured enhanced banking facilities to fund larger order book and support H2 FY27 execution scaling

Growth Outlook & Order Book

  • Order book: ~₹470 crore (more than double the ₹199 crore reported as of 31st March 2026)
  • Hot pipeline: ₹600 crore out of total offered pipeline of ₹1,250 crore
  • Management expects H2 FY27 PAT to be higher than H1 due to:
  • Execution phasing weighted towards second half
  • Operating leverage on larger revenue base
  • Stabilizing input costs
  • Higher volumes in Q3 and Q4 FY27 to recover margin compression
  • Manufacturing capacity being strengthened through new Hyderabad facility

Management Commentary

Anup Manohar Munshi, Chief Executive Officer, stated: "In H1 FY27, our revenue from operations grew by nearly 75%, and we enter the second half with an order book of around ₹470 Crore – the strongest in our history. Order ticket sizes are rising, repeat orders are flowing and our hot pipeline stands at ₹600 Crore. With Kelvin driving data centre orders, AAR-T opening doors in semiconductors, and new sectors such as automotive, medical devices and electronics coming into our pipeline, we expect higher volumes in Q3 and Q4 to recover margins and deliver a stronger H2. The enhanced banking facilities we have put in place give us the financial headroom to execute at this larger scale."

Corporate Structure

  • Parent company: Fabtech Cleanrooms Limited
  • Subsidiaries: Kelvin Air Conditioning & Ventilation Systems (60.20%)
  • Associates: Advantek (34.99%), AAR-T (28%)
  • Manufacturing facilities: Umbergaon, Gujarat and expanding with new Hyderabad facility