Record Quarterly Dispatches: Dispatched 1,900 machines in Q2 FY27, highest-ever in a quarter
Robust Order Book: Order inflow of >INR 800 crores taking total outstanding orderbook to INR 5,082 crore as of September 30, 2026
Strong Cash Conversion: Consolidated OCF to EBITDA of ~50%
ECMS Approval: Received approval for INR 1,020.65 crore investment over five years at Rajkot facility, eligible for up to 25% capital subsidy under ECMS. Applied for additional matching subsidy under Gujarat Government scheme.
Financial Performance - Standalone (Q2 FY27)
Revenue from Operations: INR 587.5 crore, up 31.1% YoY
Gross Profit: INR 324.8 crore with margin of 55.3%
EBITDA: INR 163.9 crore with margin of 27.9%, up 48.3% YoY
Profit After Tax: INR 114.9 crore with margin of 19.6%, up 45.6% YoY
EPS: INR 5.05
Cash PAT: INR 127.8 crore
Financial Performance - Standalone (H1 FY27)
Revenue from Operations: INR 1,096.6 crore, up 33.6% YoY
Gross Profit: INR 593.5 crore with margin of 54.1%
EBITDA: INR 302.5 crore with margin of 27.6%, up 44.7% YoY
Profit After Tax: INR 202.3 crore with margin of 18.5%, up 34.0% YoY
EPS: INR 8.9
Cash PAT: INR 227.3 crore
Financial Performance - Consolidated (Q2 FY27)
Revenue from Operations: INR 602.0 crore, up 18.5% YoY
Gross Profit: INR 345.1 crore with margin of 57.3%
EBITDA: INR 131.3 crore with margin of 21.8%, up 5.4% YoY
Profit After Tax: INR 72.6 crore with margin of 12.1%, down 15.1% YoY
EPS: INR 3.19
Cash PAT: INR 88.5 crore
Financial Performance - Consolidated (H1 FY27)
Revenue from Operations: INR 1,110.5 crore, up 21.0% YoY
Gross Profit: INR 640.9 crore with margin of 57.7%
EBITDA: INR 240.2 crore with margin of 21.6%, up 6.8% YoY
Profit After Tax: INR 129.7 crore with margin of 11.7%, down 17.3% YoY
EPS: INR 5.7
Cash PAT: INR 160.7 crore
Balance Sheet Position (Consolidated as of September 2026)
Total Assets: INR 3,980.3 crore (vs INR 3,615.3 crore in March 2026)
Property, Plant and Equipment: INR 837.7 crore
Capital work-in-progress: INR 67.3 crore
Inventories: INR 1,440.5 crore
Trade receivables: INR 506.0 crore
Cash and Cash Equivalents: INR 26.7 crore
Total Equity: INR 2,138.2 crore
Share Capital: INR 45.5 crore
Borrowings (Non-current): INR 511.9 crore
Borrowings (Current): INR 431.0 crore
Cash Flow Statement (Consolidated H1 FY27)
Net Cash from Operating Activities: INR 111.7 crore
Net Cash from Investing Activities: INR -193.5 crore
Net Cash from Financing Activities: INR 55.5 crore
Net Decrease in Cash: INR -26.3 crore
Business Overview and Capacity
Manufacturing Presence: 234,408.50 sq. meters in Rajkot (2 plants) with 6,000 machines p.a. capacity (additional 10,000 machines capacity being put to use)
France Facility: 46,442 sq. meters in Strasbourg with 240 machines p.a. capacity through Huron Graffenstaden SAS
Product Portfolio: 200+ variants across 44 product verticals
R&D Capabilities: PreciProtect AI tool for collision prevention, 7th Sense Industry 4.0 initiative
Vertically Integrated: Manufacturing critical machine components to reduce third-party dependence
Growth Drivers and Market Opportunities
Electric Vehicles: Global EV market expected to reach ~USD 4886 bn by 2034; India EV market expected to grow to USD 191 billion at ~55% CAGR during 2026–2034
Semiconductor: Indian market to grow from USD 52 bn in FY2024-25 to USD 103.4 bn by 2030 at 13% CAGR
EMS: Market projected to grow from USD 648.11 Bn in 2025 to USD 1,033.17 Bn by 2032 at 6.9% CAGR; potential CNC demand over 1,00,000 machines in next 5 years in India
Aerospace & Defence: Global market expected to reach ~USD 2037 bn by 2034 at 8.6% CAGR
Strategic Initiatives
People Development: Focus on skill development through COE (Center Of Excellence)
Market Expansion: Global customer base across 50+ countries
Product Development: Recent launches include MTX 100, GU 8, HP 4000 & HP 6000, Tachyon Beta, AWT 22, BTM 100, ATM 200
Capacity Expansion: Current capacity of 6,000* machines annually with additional 10,000 machines capacity being utilized
