Ratnaveer Precision Engineering Ltd. – Q1 FY27 Financial and Business Update
Ratnaveer Precision Engineering Ltd. (RPEL) announced its financial results for the quarter ended 30 June 2026 (Q1 FY27). Total revenue reached Rs 318 crore, representing a 20% year‑on‑year increase from Rs 265 crore in the same quarter of FY26 and up from Rs 249 crore in Q4 FY26. EBITDA was Rs 36 crore, up from Rs 27 crore YoY and Rs 28 crore in the prior quarter, delivering an EBITDA margin of 11.3% versus 10.0% in Q1 FY26 and 11.0% in Q4 FY26. Profit after tax (PAT) rose to Rs 18.2 crore, a 21% increase over Rs 15.0 crore in Q1 FY26 and higher than Rs 17.0 crore in Q4 FY26.
Credit Rating and Funding Enhancements
Infomerics Valuation and Rating Ltd. (IVR) upgraded RPEL’s long‑term credit rating to IVR A‑/Stable (from IVR BBB+/Positive) and its short‑term rating to IVR A2+. The total rated bank facilities were increased to Rs 388.47 crore from Rs 295.76 crore, reflecting stronger operational performance and financial strength. Additionally, the company obtained in‑principle approvals from NSE and BSE for a rights issue of up to Rs 330 crore, intended to fund future expansion and strategic initiatives.
Copper Clad Laminate (CCL) Project Progress
The flagship Copper Clad Laminate (CCL) project, developed under the Gujarat Electronics Policy and the central‑state PLI scheme, is approximately 60% complete. Commercial production is slated for November 2026, with key machinery shipments expected shortly. The project carries an investment of Rs 472.34 crore and aims to become India’s first fully integrated high‑volume CCL manufacturing facility, addressing a significant domestic supply‑demand gap and supporting import‑substitution objectives aligned with Aatmanirbhar Bharat and Make in India.
Awards and Recognition
RPEL was honoured with the Star Performer – Large Enterprise Award at the 42nd EEPC India Export Awards, recognizing its excellence in engineering exports.
Management Commentary
Mr. Vijay Sanghavi, Managing Director & CFO, stated: “We have begun FY27 on a positive note with continued momentum across our core business and encouraging progress on our strategic initiatives. The progress achieved on our Copper Clad Laminate project, together with the upgrade in our Infomerics credit ratings, regulatory approvals and industry recognition received during the quarter, reflects the strength of our business fundamentals. We remain committed to delivering sustainable growth through operational excellence, strategic investments and innovation while contributing to India’s evolving manufacturing ecosystem.”
Company Profile
Ratnaveer Precision Engineering Ltd. is a leading manufacturer of stainless‑steel finished sheets, washers, solar‑roofing hooks, tubes, pipes and other precision‑engineering products. With over 25 years of manufacturing expertise, the company serves both domestic and international customers and is expanding into advanced electronic materials through its CCL facility under the Government of India’s PLI Scheme for Electronics.