Q1 FY26-27 results: revenue up 32%, PAT up 114%; Rs 22.2 cr fundraise, UHP capacity expansion
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Q1 FY26-27 (ended June 30, 2026): Revenue from Operations rose 32% YoY to Rs 35.19 cr (vs Rs 26.62 cr); PAT doubled to Rs 45.14 lakhs. Profitability hit by higher energy costs from Middle East tensions. Board approved Rs 22.20 cr fundraise via preferential shares and warrants to promoter group and others, plus Rs 27.50 cr capex for 500 MTPA UHP tube capacity addition. Order book: Rs 114 cr. Director changes: Vishwambhar Saraf resigned (age 87), Ritvik Saraf appointed.
Strong YoY revenue and PAT growth; capex-funded expansion to drive future capacity. Dilution from preferential issue. Key director transition.