Company Disclosure
Financial Performance - Q2 FY27 (Consolidated)
Income from Operations: ₹101.91 crore (vs. ₹92.25 crore in Q2 FY26, +10.47% YoY)
Total Income: ₹101.91 crore (vs. ₹92.25 crore in Q2 FY26, +10.47% YoY)
Raw Materials Cost: ₹71.02 crore (vs. ₹55.07 crore in Q2 FY26)
Employee Cost: ₹8.97 crore (vs. ₹6.24 crore in Q2 FY26)
Other Expenses: ₹11.99 crore (vs. ₹12.64 crore in Q2 FY26)
Total Expenditure: ₹91.98 crore (vs. ₹73.95 crore in Q2 FY26)
EBITDA (Excluding Other Income): ₹9.93 crore (vs. ₹18.31 crore in Q2 FY26, -45.74% YoY)
EBITDA Margin: 9.75% (vs. 19.84% in Q2 FY26)
Other Income: ₹3.59 crore (vs. ₹3.59 crore in Q2 FY26)
Depreciation: ₹2.22 crore (vs. ₹1.12 crore in Q2 FY26)
Interest: ₹0.65 crore (vs. ₹0.69 crore in Q2 FY26)
Profit Before Tax: ₹10.66 crore (vs. ₹20.09 crore in Q2 FY26, -46.92% YoY)
Tax: ₹2.82 crore (vs. ₹6.50 crore in Q2 FY26)
Profit After Tax: ₹7.84 crore (vs. ₹13.59 crore in Q2 FY26, -42.33% YoY)
Profit After Tax Margin: 7.69% (vs. 14.74% in Q2 FY26)
Share of Profit/Loss of Associate: ₹0.42 crore (vs. ₹0.50 crore in Q2 FY26)
Net Profit: ₹8.26 crore (vs. ₹14.10 crore in Q2 FY26, -41.38% YoY)
Net Profit Margin: 8.11% (vs. 15.27% in Q2 FY26)
Basic EPS: ₹0.49 (vs. ₹0.81 in Q2 FY26)
Financial Performance - H1 FY27 (Consolidated)
Income from Operations: ₹224.98 crore (vs. ₹177.33 crore in H1 FY26, +26.88% YoY)
Total Income: ₹224.98 crore (vs. ₹177.33 crore in H1 FY26, +26.88% YoY)
Raw Materials Cost: ₹150.50 crore (vs. ₹105.56 crore in H1 FY26)
Employee Cost: ₹17.43 crore (vs. ₹11.94 crore in H1 FY26)
Other Expenses: ₹25.40 crore (vs. ₹22.94 crore in H1 FY26)
Total Expenditure: ₹193.33 crore (vs. ₹140.44 crore in H1 FY26)
EBITDA (Excluding Other Income): ₹31.65 crore (vs. ₹36.89 crore in H1 FY26, -14.19% YoY)
EBITDA Margin: 14.07% (vs. 20.8% in H1 FY26)
Other Income: ₹6.96 crore (vs. ₹5.23 crore in H1 FY26)
Depreciation: ₹4.40 crore (vs. ₹2.18 crore in H1 FY26)
Interest: ₹1.27 crore (vs. ₹0.84 crore in H1 FY26)
Profit Before Tax: ₹32.95 crore (vs. ₹39.10 crore in H1 FY26, -15.74% YoY)
Tax: ₹7.86 crore (vs. ₹11.07 crore in H1 FY26)
Profit After Tax: ₹25.09 crore (vs. ₹28.03 crore in H1 FY26, -10.48% YoY)
Profit After Tax Margin: 11.15% (vs. 15.81% in H1 FY26)
Share of Profit/Loss of Associate (Net of Tax): ₹0.52 crore (vs. ₹1.16 crore in H1 FY26)
Net Profit: ₹25.61 crore (vs. ₹29.19 crore in H1 FY26, -12.25% YoY)
Net Profit Margin: 11.38% (vs. 15.81% in H1 FY26)
Basic EPS: ₹1.36 (vs. ₹1.73 in H1 FY26)
Management Commentary
Managing Director Khushboo Chandrakant Doshi stated that while Q2 witnessed moderation in profitability, the company remained focused on operational efficiency, cost optimization, and disciplined execution. The integration of printing and converting technologies expands capabilities across the plastics processing value chain. The company is approaching 40 years of operation and remains focused on strengthening international presence and expanding market reach.
Business Overview
Rajoo Engineers is a leading global manufacturer of advanced plastics extrusion machinery serving flexible and semi-rigid packaging, renewable energy, pharmaceutical, and industrial applications. The company has:
- 52+ years of promoter experience
- 7000+ global installations
- Operations across 72 countries
Product Portfolio
Printing & Converting Lines: Gravure Presses, Laminators, Extrusion Laminators, Slitter Rewinders
Mono & Multilayer Blown Film Lines: Aquaflex, Foilex, Multifoil, Multifoil lite, Heptafoil, Pentafoil, Nonafoil, Lab Equipment, Multifoil-X
Extrusion Coating & Lamination: Lamex
Mono & Multilayer Sheet Lines: Lamina, Lamina e', Lamina rPET, Fomex, Lab Equipment
Thermoforming & PS Foam Vacuum Forming Machine: Dispocon, Dispocon-MS, Dispocon-F, Dispotilt
Pipe Extrusion Lines / PVC Segment: Twin screw uPVC & CPVC Pipe Plants, PVC Compounding Lines, WPC Profile and board lines, uPVC profile lines, PVC blood pouch and medical tube lines, HDPE/PPR pipe extrusion line
Infrastructure & Capabilities
- Shree Yantralaya – Tool Room for higher accuracy in critical components
- Shree Aalekhalaya – Design Department with 40 qualified design engineers
- In-house modern paint shop facility
- Shree Bhandaralaya – Store room with hi-tech facilities
- Three different assembly shops for machines of different heights and lengths
- Highly skilled fitters with over 25 years experience
R&D Capabilities
- Rajoo Innovation Centre established as R&D center
- Received approval from DSIR (Government of India) with recognition from December 26, 2017 to March 31, 2020
- R&D Centre enables customers to test run products and offers customized solutions
Industry Overview
- India installed 19,330 primary plastics processing machines in FY25, up from 13,375 in FY19 (6.3% CAGR)
- Projected investment of approximately ₹1.9 lakh crore across machinery, moulds and converting lines during FY26–FY31
- India's plastic extrusion machinery market projected to grow from US$383.6 million in CY2025 to US$550 million by CY2031
- Import substitution opportunity: India's extrusion-line imports were approximately US$507 million versus exports of US$109 million in FY25
Leadership Team
- Co-Founder & Chairman: Rajesh Doshi
- Managing Director: Khushboo Doshi
- Joint Managing Director: Utsav Doshi
- Non-Executive Directors: Sunil Jain, Pratik Kothari
- Chief Sales Officer: Jinesh Shah
- Chief Financial Officer: Chintan Malkan
- Chief Executive Officer: Sandip Bhuv
- Director: Kaku Kohli (Rajoo Bausano Extrusion Pvt Ltd, Kohli Printing & Converting Machinery Pvt Ltd)
Future Outlook
Management remains optimistic about long-term opportunities in the plastics processing industry despite near-term challenges from global uncertainties and evolving market conditions. Focus areas include margin improvement through operational excellence and efficient manpower utilization.