• Event Type: Q2 FY27 Earnings Conference Call hosted by Arihant Capital Markets Limited
  • Event Date and Time: November 06, 2026 (time not specified)
  • Purpose: Discussion of operational and financial performance for the quarter ended September 30, 2026 (Q2 FY27)
  • Management Participants:
  • Mr. Balkishan Jalan – Whole-Time Director
  • Mr. Satish Kotwani – Whole-Time Director
  • Mr. Srinivasan Giridhar – Chief Financial Officer
  • Moderator: Ms. Khushi Solanki – Arihant Capital Markets Limited

Financial Performance Highlights

Q2 FY27 Consolidated Results:

  • Revenue from operations: INR94 crores (31% YoY growth)
  • EBITDA: INR16 crores (43% YoY growth)
  • EBITDA margin: 16.76% (135 bps improvement)
  • Net profit: INR11 crores (26% YoY growth)
  • PAT margin: 11.31% (45 bps degrowth)
  • EPS: INR8.07

H1 FY27 Consolidated Results:

  • Revenue from operations: INR169 crores (26% YoY growth)
  • EBITDA: INR28 crores (35% YoY growth)
  • EBITDA margin: 16.56% (110 bps improvement)
  • Net profit: INR19 crores (26% YoY growth)
  • PAT margin: 11.06%
  • EPS: INR40.30

Business Updates and Strategic Highlights

Order Book & Segment Performance:

  • Order book grew 44% YoY, crossing INR100 crores for the first time in a single quarter
  • Revenue mix (H1 FY27): DSS 53%, SFS 31%, CSS 16%
  • End-user industry mix: Renewable energy 42%, Industrial 33%, Mobility 25%
  • Export contribution: 36% of revenue

Operational Updates:

  • Commissioned 1.2 MW AC open-access solar power plant at Nanded, Maharashtra on October 30, 2026
  • Expected annual cost saving from solar plant: approximately INR1.3 crores
  • Successfully implemented SAP HANA across all manufacturing plants (go-live October 7, 2026)
  • Secured bank finance of INR58 crores (INR15 crores fund-based working capital, INR10 crores non-fund working capital, INR28 crores term loan)

Capacity Expansion:

  • Chennai fastener manufacturing facility: Installed capacity 4,600 metric tons
  • Capacity utilization: 35% in FY26, expected to reach 70% in FY27
  • Acquired 10-acre land parcel in Wada for future expansion
  • Targeting INR100 crores additional capacity to be operational by FY28 Q4

Growth Strategy:

1. Identify opportunities in emerging technologies (hydrogen value chain, electrolyzers, electric vehicles, high-speed trains)

2. Expand product range in fasteners and springs

3. Increase export market presence through local hiring and warehouse/logistic tie-ups in Europe and USA

4. Move up value chain with advanced materials, kitting solutions, smart fasteners

5. Focus on application engineering and customized solutions

Product Development:

  • Received customer approval for critical applications in railway safety, offshore wind, and mining equipment
  • New product development across offshore wind, electrolyzers, and railway safety
  • Estimated annual customer potential: approximately INR100 crores

Additional Notes Section

  • The document is a transcript of the earnings conference call submitted as a regulatory filing
  • The call included detailed Q&A session with analysts and investors
  • Management provided forward-looking statements and growth targets