Quarterly Financial Results
Ratnaveer Precision Engineering Q1 FY27 Results: Revenue Jumps 19%, PAT Rises 22%
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- Ratnaveer Precision Engineering reported strong Q1 FY27 performance with revenue rising 18.9% YoY to ₹314.64 crore and PAT increasing 22.0% YoY to ₹18.24 crore.
- The company also highlighted progress on its Copper Clad Laminate (CCL) project, credit rating upgrades and rights issue approvals to support future expansion.
PRICE-SENSITIVE TRIGGER
Event: Ratnaveer Precision Engineering reported Q1 FY27 financial results and provided an update on strategic growth initiatives.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: The company delivered double-digit growth in revenue and profitability while advancing its electronics-grade Copper Clad Laminate project and strengthening its funding position.
Metrics:
Key Financial Metrics:
- Revenue: ₹314.64 crore (+18.90% YoY, +26.38% QoQ)
- Total Income: ₹318.43 crore (+20.20% YoY)
- EBITDA: ₹35.98 crore (+31.74% YoY)
- EBITDA Margin:Â 11.43% (+111 bps YoY)
- PBT: ₹21.88 crore (+21.87% YoY)
- PAT: ₹18.24 crore (+22.02% YoY)
- PAT Margin:Â 5.80% (+15 bps YoY)
- Interest Cost: ₹6.72 crore (-16.38% QoQ)
Revenue Mix:
- Revenue Growth: Revenue increased 18.90% YoY to ₹314.64 crore.
What Happened ?
Ratnaveer Precision Engineering posted healthy quarterly growth driven by higher revenue and improved operating profitability.
Alongside its financial performance, the company continued executing its Copper Clad Laminate (CCL) expansion project, secured stronger credit ratings, received regulatory approvals for its proposed rights issue and expanded its strategic position in electronics-grade manufacturing.Â
key details
Business & Growth Updates:
- The Copper Clad Laminate (CCL) project achieved approximately 60% completion, with commercial production targeted for November 2026.Â
- The company received in-principle approval under the Gujarat Electronics Policy for its proposed ₹472.34 croreCCL project.Â
- NSE and BSE granted in-principle approval for the company’s proposed rights issue of up to ₹330 crore, intended to support the CCL project and future growth initiatives.Â
- Infomerics upgraded Ratnaveer’s credit ratings to IVR A- (Stable) for long-term facilities and IVR A2+ for short-term facilities while enhancing rated bank facilities to ₹388.47 crore.Â
- Ratnaveer received the Star Performer – Large Enterprise Award at the 42nd EEPC India Export Awards for excellence in engineering exports.
Note:
- The investor presentation also highlighted the company’s long-term expansion into electronics-grade Copper Clad Laminates, although project economics and timelines are management estimates and not formal guidance.Â
Risk Analysis
Summary:
- The company’s expansion strategy depends on timely execution of the CCL project, successful capital raising and evolving market conditions.
Key Risks:
- Commercial production of the CCL project remains targeted for November 2026 and depends on successful execution.Â
- Project capacities, returns and timelines disclosed in the presentation are management estimates and do not constitute guidance.Â
- The proposed rights issue remains subject to completion under applicable regulatory requirements.Â
- Forward-looking statements remain exposed to economic conditions, competition, technology implementation and market demand.
Worst Case:
- Delays in project execution or weaker market conditions could postpone expected benefits from the CCL expansion.
Risk Level: Medium
Company Commentary
- Management stated that the CCL project remains on schedule with approximately 60% completion and commercial production targeted for November 2026.Â
- The company reiterated that the rights issue is intended to support the CCL project and future growth initiatives.Â
- Ratnaveer highlighted its expansion into electronics-grade materials through India’s integrated FR-4 Copper Clad Laminate manufacturing initiative.Â
- The presentation emphasized continued focus on export growth, manufacturing integration and long-term value creation.
Official Exchange Filing: Ratnaveer Precision Engineering Limited
