Financial Performance (Consolidated)

Half Year Ended 30th September, 2026 (H1 FY27):

  • Revenue from operations: ₹78.50 crore
  • EBITDA: ₹15.08 crore (19.2% margin)
  • Profit after tax: ₹9.91 crore (12.6% margin)

Year-over-Year Comparison (H1 FY27 vs H1 FY26):

  • Revenue growth: +36.2% (from ₹57.65 crore)
  • EBITDA growth: +51.8% (from ₹9.94 crore)
  • EBITDA margin improvement: +198 bps (from 17.2%)
  • PAT growth: +49.7% (from ₹6.62 crore)
  • PAT margin improvement: +114 bps (from 11.5%)

Half-over-Half Comparison (H1 FY27 vs H2 FY26):

  • Revenue growth: +20.8% (from ₹65.01 crore)
  • EBITDA growth: +21.0% (from ₹12.47 crore)
  • EBITDA margin: Stable at 19.2%
  • PAT growth: +17.1% (from ₹8.46 crore)
  • PAT margin: 12.6% vs 13.0% in H2 FY26

Capital Structure and Balance Sheet Impact

  • BSE SME listing brought in approximately ₹57.6 crore of equity capital
  • Net worth increased to approximately ₹96.3 crore
  • ₹22.7 crore of short-term debt was repaid
  • Debt-equity ratio reduced from 0.92x to 0.04x
  • Current ratio improved from 1.34x to 4.6x

Operational Highlights and Capacity Expansion

  • Production capacity increased from 63 lakh units (March 2026) to 72 lakh units (November 2026)
  • Current monthly run-rate: ₹16 crore
  • Additional 31 lakh IPO-funded units coming online in March 2027
  • Company maintains 220+ SKUs manufactured in-house
  • Manufacturing conducted at two units in Sonipat, Haryana through subsidiary Dewdrop Bottles Private Limited
  • Sales distribution through 101 distributors across 17 states and 2 union territories, plus online channels

Business Outlook and Strategy

  • Ample space and infrastructure available for future scaling
  • New capacity can be brought online within 4-5 months as demand warrants
  • Company will periodically review capacity and continue investing in new production lines
  • Focus on design-led OEM/ODM model with owned designs
  • Positioned to gain market share as market moves to BIS-certified manufacturers

Management Commentary

Mr. Akash Aggarwal, CEO, stated: \"We are exceptionally proud of our H1 FY27 performance. Despite an initial ramp-up period, the business scaled rapidly. Because we own our product designs and run our production on modern in-house lines, partners know we can deliver flawlessly at scale. Supply is not a constraint for us. We remain ahead of the industry curve, fully equipped to capture surging demand, and will continue investing in design, technology, and new capacity to drive profitable growth.\"

Additional Information

  • Company formerly known as Maharaja & Speedex India Private Limited
  • Results available on company website: www.speedexind.com