The call has ended.

Key takeaways

H1 FY27 revenue ₹103.6 Cr (+97.4%) and PAT ₹11.9 Cr (+50.8%). Profit lags sales, while receivables and inventory surged and operating cash flow turned negative.

Guidance and delivery
Management target	Revenue 45.0% FY27

Highlights
Revenue growth	97.4% YoY to ₹103.6 Cr; organic split not stated.
Margins	EBITDA margin 16.5%, PAT margin 11.5%; prior-period margin not stated.
Order book	~₹60 Cr current order book, to execute in H2 FY27.
Demand visibility	Inquiries from infra, shipbuilding, defence, steel; order book ~₹60 Cr.
Management confidence	Defensive on working capital; optimistic on growth, evasive on H2 details.

Growth

EBITDA (+78%) and PAT (+50.8%) trail revenue (+97.4%), implying margin pressure. Management cites war-driven input cost inflation.

Outlook

Aims for approximately 45–50% FY27 revenue growth, with no H2 split given. Claims 40–50% in-house margins versus 15–20% on outsourced jobs.

Risks

Receivables rose ₹21→68 Cr, inventory ₹33→53 Cr, operating cash flow about −₹50 Cr. ₹34 Cr IPO proceeds still undeployed.

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 4 Nov 2026, 6:43 PM IST. Open it on ALFA Filings ›

The results behind this call

31 Oct 2026 15:10 IST BSE

Financial Results

Technocrats Plasma Systems H1 FY27 Results: Net Profit ₹11.9 Cr, Up 50.6% YoY

Technocrats Plasma approved unaudited half-year results to September 2026 showing Rs 10,356 lakh total revenue. Board also approved higher bank transaction limit.