Transcript of the Analysts/ Institutional Investors meeting/ Call on Financial Results for the quarter and year ended March 31, 2026
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Diffusion Engineers delivered strong FY26 results with consolidated revenue of INR 406.6 crore (up 21%) and PAT of INR 50.4 crore (up 40%). Q4 consolidated revenue surged 38% YoY to INR 141.6 crore. Management guided 20%+ revenue growth for FY27 with 80-100 bps EBITDA margin improvement, underpinned by INR 200 crore order book (as of April 2026) and upcoming capacity additions — a new electrode plant already commissioned and Unit 4 heavy engineering facility expected live by Q1 FY27 end. Management reaffirmed a medium-term target of INR 650+ crore revenue at 15-16% EBITDA margins within 2-3 years, supported by INR 100 crore IPO-funded capex sufficient to reach INR 800-900 crore. Key growth levers include increasing share of high-margin heavy engineering and wear plates, railway Vande Bharat supply chain orders (substantial revenue from next year), and UAE service operations now live. Tejorup defense investment remains in prototype stage with no near-term revenue contribution expected.
Strong execution, healthy order visibility, and expanding capacity position the company for multi-year growth. Margin improvement guidance and capacity ramp-up in FY27 could be near-term catalysts.