Financial Performance Q2FY27

  • Revenue from Operations: ₹182.8 Cr, up 33.8% YoY from ₹136.6 Cr in Q2FY26 and up 22.8% QoQ from ₹148.9 Cr in Q1FY27
  • COGS: ₹132.5 Cr, increased 37.6% YoY from ₹96.3 Cr
  • Gross Profit: ₹50.3 Cr with Gross Margin of 27.5% (down 200bps YoY from 29.5%)
  • Other Operating Expenses: ₹48.7 Cr, increased 53.1% YoY from ₹31.8 Cr
  • EBITDA: ₹1.6 Cr with EBITDA Margin of 0.9% (down 536bps YoY from 6.2%)
  • Other Income: ₹1.6 Cr, increased 111.0% YoY from ₹0.7 Cr
  • Depreciation: ₹5.8 Cr, increased 22.8% YoY from ₹4.8 Cr
  • Finance Cost: ₹2.2 Cr, increased 115.9% YoY from ₹1.0 Cr
  • Adjusted Profit Before Tax: Loss of ₹4.9 Cr compared to profit of ₹3.5 Cr in Q2FY26
  • Tax: ₹0.4 Cr compared to ₹1.8 Cr in Q2FY26
  • Adjusted Profit After Tax: Loss of ₹5.3 Cr compared to profit of ₹1.6 Cr in Q2FY26
  • PAT Margin: -2.9% compared to 1.2% in Q2FY26

H1FY27 Financial Performance

  • Revenue from Operations: ₹331.6 Cr, up 32.7% YoY from ₹250.0 Cr in H1FY26
  • Gross Profit: ₹89.6 Cr with Gross Margin of 27.0% (down 322bps YoY from 30.2%)
  • EBITDA: ₹7.9 Cr with EBITDA Margin of 2.4% (down 421bps YoY from 6.6%)
  • Adjusted Profit After Tax: Loss of ₹6.2 Cr compared to profit of ₹2.7 Cr in H1FY26

Operational Highlights

  • Consolidated order book stood at ₹273 Cr as of Q2FY27 end
  • Subsequent to quarter end, CNC division secured Government tender orders worth ₹59 Cr for 38 machines in October 2026
  • Revenue growth driven by robust performance from Injection Moulding division
  • CNC division faced challenges due to global shortage of controlling units
  • EBITDA margin contraction due to elevated raw material costs and higher employee expenses (annual increments and senior-level hiring)

Business Division Performance Q2FY27

CNC Division (31.0% of H1FY27 Revenue)

  • Revenue: ₹56.6 Cr (Q2FY26: ₹49.5 Cr)
  • EBIT: ₹2.8 Cr with EBIT Margin of 5.0% (Q2FY26: ₹9.2 Cr with 18.6% margin)
  • Acquired in February 2025, amalgamation approved effective April 1, 2025
  • Shifted to new integrated Rajkot facility in Q2FY26

Injection Moulding Division (53.0% of H1FY27 Revenue)

  • Revenue: ₹100.2 Cr (Q2FY26: ₹39.9 Cr)
  • EBIT: ₹8.8 Cr with EBIT Margin of 8.8% (Q2FY26: loss of ₹4.0 Cr)
  • Shifted from Chhatral to new integrated facility in Rajkot in Q2FY26
  • DGTR imposed anti-dumping duty for 5 years (w.e.f. June 2025) on Injection Moulding Machines imported from China and Taiwan (duty ranges from 0% to 63% of CIF value)

Extrusion Division (16.0% of H1FY27 Revenue)

  • Revenue: ₹26.0 Cr (Q2FY26: ₹47.2 Cr)
  • EBIT: ₹0.1 Cr with EBIT Margin of 0.5% (Q2FY26: loss of ₹0.5 Cr)
  • Shifted from Vatva to new integrated facility in Rajkot in Q4FY26

Unitech Workholding Systems

  • Acquired 100% stake in February 2026 for ₹42 Cr
  • Q2FY27 Revenue: ₹5.0 Cr, Q1FY27 Revenue: ₹4.2 Cr
  • Manufactures precision work-holding solutions including modular clamping elements, hydraulic fixtures, and dies

Strategic Developments

  • Change of control in September 2024: Plutus Investments and Holding Pvt. Ltd. acquired controlling stake (53.9%)
  • Fund raise of ₹725 Cr through preferential issue in January 2025, including ₹200 Cr infusion by new promoters
  • Closure of subsidiaries: Wintal Machines SRL filed for Judicial Liquidation in December 2024; Rcube Energy Storage Systems sold in February 2025
  • Operations consolidated from four legacy plants to one state-of-the-art integrated manufacturing facility in Chibhada, Rajkot
  • Legacy assets being monetized for more than ₹300 Cr
  • Capacity expansion from 1,500 to 3,600 machines annually with incremental capex of ₹310 Cr from fund raise
  • Shift to "Make-to-Stock" model reducing delivery timelines from 2-3 months to 15-30 days

Geographic Revenue Mix

  • H1FY27: India 90% (₹298.8 Cr), Outside India 10% (₹32.8 Cr)
  • Key export markets: Africa, Nepal, Sri Lanka, Bangladesh, MEA region

Product Portfolio

  • CNC Machines: Turning Machines, VMC & HMC, Drill Tap Centre, DCMC & VTL
  • Injection Moulding: KL Series (350-3200T), Sprint Series (150-800T), WinFit Series (100-1600T), Excel/Armour Series (75-900T)
  • Extrusion: KTS Series, Speed & Agile Series, Magnate Series, REX & Baron Series

Technical Capabilities

  • Successfully launched KL 3200-ton machine (September 2024) – India's largest locally manufactured injection moulding machine
  • Energy-efficient products with 30-50% energy savings for plasticizing function
  • Launched all electric injection moulding machines, Winelec 150 & 250
  • Developing India's highest capacity blown film line (1000 kg/hr)

Corporate Structure

  • Board of Directors: Mohan Ramachandran (Whole-Time Director & CEO), Hitendra Patel (Executive Director), Dharmendra Varasada (Executive Director), Vivek Chopra (Non-Executive Director), Garima Malhotra (Independent Director), Manoj Antani (Independent Director), Subhendu Roy (Independent Director), Ravi Mamodiya (Independent Director)
  • Senior Management: Anand Jain (Chief Financial Officer), Rohit Sojitra (Company Secretary and Compliance Officer)

Forward-Looking Statements

Document contains forward-looking statements subject to risks including changes in fiscal policy, competitive intensity, inflationary pressures, climatic factors, and broader economic conditions impacting demand, supply, and pricing in domestic and international markets.