Macpower CNC Machines raises FY27 growth target to 30% on strong Q1
Macpower CNC Machines achieved its best-ever quarterly results in Q1FY27 with revenue of ₹95.24 crore and net profit of ₹9.58 crore, driven by a 56% revenue surge and margin expansion to 16.2%. With a ₹456 crore order book and rising average realizations, management increased FY27 growth guidance to over 30% and initiated a ₹50 crore capacity expansion project.

*this image is generated using AI for illustrative purposes only.
macpower cnc machines delivered its highest-ever quarterly performance in Q1FY27, reporting revenue of ₹95.24 crore and net profit (PAT) of ₹9.58 crore, driven by robust order inflows and margin expansion. Following the strong start, Chairman & Managing Director Rupesh Mehta raised the company’s full-year revenue growth guidance to over 30%, up from the previously stated 28–30% range, citing improved visibility on raw materials, manpower, and a growing order book. The company also unveiled plans for a ₹50 crore infrastructure expansion to support future scaling.
Financial Performance
Macpower CNC Machines posted significant year-on-year improvements across key metrics in the quarter ended June 30, 2026. Revenue from operations grew 56.1% to ₹95.24 crore from ₹610 million (₹61 crore) in Q1FY26. EBITDA nearly doubled to ₹15.43 crore, expanding the EBITDA margin to 16.2% from 13%. Net profit surged 110% to ₹9.58 crore, with PAT margin improving to 10.06%. CapEx for the quarter was ₹2.25 crore.
| Metric | Q1FY27 | Q1FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹95.24 crore | ₹61 crore | +56.1% |
| EBITDA | ₹15.43 crore | ₹7.9 crore | +95% |
| EBITDA Margin | 16.2% | 13% | +320 bps |
| Net Profit (PAT) | ₹9.58 crore | ₹4.6 crore | +110% |
Order Book and Pipeline
The company’s pending order book stands at ₹456 crore, reflecting a 32% year-on-year increase. Approximately 40% of this order book is attributed to the high-end NEXA series. Management highlighted a robust domestic bid pipeline, with ₹739 crore in submitted bids, ₹304 crore under evaluation, and over ₹1,043 crore in quotations. Rupesh Mehta noted that new order inflow in the quarter was approximately ₹145 crore, against execution of ₹93–94 crore, indicating accelerating demand.
Expansion and Capacity Utilization
To address capacity constraints, Macpower has leased 13 acres (9+4 acres) near its existing plant in Rajkot for a 30-year term. The ₹50 crore investment will fund a state-of-the-art, centrally air-conditioned assembly facility spanning 1.5–2 lakh square feet, with targeted completion within 12 months. The project benefits from the Vikshit Gujarat New Industrial Policy 2026, offering a 25% capital subsidy and a 7% interest subsidy on debt, reducing effective borrowing costs to approximately 1.25%.
Current capacity utilization is expected to reach over 90% for FY27, based on an existing capacity of 2,500 units. The new facility aims to de-bottleneck operations and enable backward integration. Management stated that average machine realization has risen to ₹20.9–21 lakh, with price increases of 4–6% implemented from June 1, 2026, to offset raw material cost pressures.
What the Numbers Show
The disproportionate rise in PAT (110%) compared to revenue growth (56.1%) highlights significant operational leverage as fixed costs are absorbed by higher volumes. The shift toward higher-value NEXA products, which now constitute 40% of the order book, supports the gradual improvement in average selling prices. However, management cautioned that further margin expansion beyond 17–18% depends on the pace of backward integration and capacity utilization in the new facility, with a target of 20% margins in the long term.
Historical Stock Returns for Macpower CNC Machines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.02% | +1.93% | +30.67% | +91.52% | +127.86% | +923.31% |
How will the new ₹50 crore facility's backward integration strategy specifically impact Macpower's cost structure and gross margins in FY28?
Given the 40% order book contribution from the high-end NEXA series, what are the competitive risks if larger global CNC manufacturers increase their focus on the Indian mid-to-high segment?
With capacity utilization expected to exceed 90% in FY27, how might supply chain bottlenecks for critical raw materials affect delivery timelines and customer satisfaction during the transition to the new plant?


































