Financial Performance Summary

Q2 FY27 Financial Results (Unaudited Consolidated)

Revenue Performance:

  • Q2 FY27 Revenue: ₹3,872.37 million
  • Q2 FY26 Revenue: ₹2,858.68 million
  • YoY Growth: 35.46%

Profitability Metrics:

  • EBITDA: ₹421.62 million (Q2 FY27) vs ₹303.46 million (Q2 FY26), growth of 38.94%
  • EBITDA Margin: 10.89% (Q2 FY27) vs 10.62% (Q2 FY26), expansion of 27 bps
  • PBT: ₹275.31 million (Q2 FY27) vs ₹200.98 million (Q2 FY26), growth of 36.98%
  • PAT: ₹240.71 million (Q2 FY27) vs ₹154.33 million (Q2 FY26), growth of 55.92%
  • PAT Margin: 6.21% (Q2 FY27) vs 5.40% (Q2 FY26), expansion of 81 bps

Other Income and Expenses:

  • Other Income: ₹56.04 million (Q2 FY27) vs ₹20.42 million (Q2 FY26), growth of 174.44%
  • Total Expenditure: ₹3,506.79 million (Q2 FY27) vs ₹2,575.64 million (Q2 FY26), growth of 36.15%
  • Depreciation: ₹68.11 million (Q2 FY27) vs ₹63.71 million (Q2 FY26), growth of 6.91%
  • Interest Cost: ₹77.86 million (Q2 FY27) vs ₹38.77 million (Q2 FY26), growth of 100.83%
  • Tax: ₹34.68 million (Q2 FY27) vs ₹46.65 million (Q2 FY26), decrease of 25.66%

H1 FY27 Financial Results (Unaudited Consolidated)

Revenue Performance:

  • H1 FY27 Revenue: ₹7,018.72 million
  • H1 FY26 Revenue: ₹5,504.91 million
  • YoY Growth: 27.50%

Profitability Metrics:

  • EBITDA: ₹781.37 million (H1 FY27) vs ₹576.54 million (H1 FY26), growth of 35.53%
  • EBITDA Margin: 11.13% (H1 FY27) vs 10.47% (H1 FY26), expansion of 66 bps
  • PBT: ₹494.15 million (H1 FY27) vs ₹380.48 million (H1 FY26), growth of 29.88%
  • PAT: ₹423.08 million (H1 FY27) vs ₹303.86 million (H1 FY26), growth of 39.24%
  • PAT Margin: 6.03% (H1 FY27) vs 5.52% (H1 FY26), expansion of 51 bps

Other Income and Expenses:

  • Other Income: ₹93.95 million (H1 FY27) vs ₹23.25 million (H1 FY26), growth of 304.09%
  • Total Expenditure: ₹6,331.30 million (H1 FY27) vs ₹4,951.62 million (H1 FY26), growth of 27.86%
  • Depreciation: ₹141.88 million (H1 FY27) vs ₹123.18 million (H1 FY26), growth of 15.18%
  • Interest Cost: ₹145.08 million (H1 FY27) vs ₹72.88 million (H1 FY26), growth of 99.07%
  • Tax: ₹71.07 million (H1 FY27) vs ₹76.69 million (H1 FY26), decrease of 7.33%

Key Business Updates

Rights Issue Completion

  • Successfully completed ₹329.99 crore Rights Issue
  • Overall subscription: 1.11x
  • Allotted 1,24,99,669 equity shares
  • Issue price: ₹264 per share

FR-4 Copper Clad Laminate Project Update

  • Project completion: Approximately 75%
  • Machinery expected by mid-November 2026
  • Phase 1 annual production capacity: 15.84 lakh sheets
  • Planned investment: ₹338 crore over three years
  • Approved under Electronics Component Manufacturing Scheme (ECMS)

Management Commentary

Mr. Vijay R. Sanghavi, Managing Director, commented on the strong Q2 and H1 FY27 performance, highlighting:

  • Revenue growth of 35.46% YoY to ₹3,872.37 million in Q2 FY27
  • PAT growth of 56.14% to ₹240.97 million in Q2 FY27
  • H1 FY27 revenue increased 27.50% to ₹7,018.72 million
  • H1 FY27 PAT grew 39.35% to ₹423.34 million
  • Steady progress on integrated FR-4 Copper Clad Laminate project
  • Significant long-term opportunities in domestic CCL market due to import dependency (over 90% currently imported)
  • Growing demand from electronics, EVs, telecom and defence sectors

Outlook

The Company remains focused on:

  • Strengthening existing manufacturing verticals
  • Expanding into electronics-grade materials through integrated FR-4 CCL project
  • Leveraging growing demand from electric vehicles, 5G infrastructure, consumer electronics and defence
  • Capitalizing on import substitution opportunities in domestic CCL market
  • Timely project execution and commissioning of CCL facility
  • Building a diversified manufacturing platform for sustainable long-term value

Company Background

Ratnaveer Precision Engineering Limited:

  • Established in 2000, headquartered in Vadodara, Gujarat
  • Leading manufacturer and exporter of stainless-steel washers and precision fasteners
  • Product portfolio includes washers, fasteners, tubes and pipes, finishing sheets and sheet metal components
  • Five integrated manufacturing facilities
  • Over 800 employees
  • Presence across 31 countries
  • Serves automotive, industrial, infrastructure and specialized applications

Disclaimer

The press release contains forward-looking statements subject to risks including capacity utilisation, commodity prices, customer demand and receipt of approvals. Financial results are unaudited and subject to limited review by statutory auditors.