Ratnaveer Precision Engineering reported a 22% year-on-year increase in profit after tax (PAT) to ₹18.24 crore for the first quarter of FY27, driven by an 18.9% surge in revenue from operations to ₹314.64 crore. The Vadodara-based stainless steel manufacturer demonstrated significant operating leverage, with EBITDA growing faster than revenue at 31.7% year-on-year, while maintaining a stable PAT margin of 5.80%. This financial performance supports the company’s strategic diversification into electronics-grade materials through its Copper Clad Laminate (CCL) project.

The Board of Directors approved the unaudited consolidated financial results on July 24, 2026. The company has received in-principle approvals from both NSE and BSE for a proposed rights issue of up to ₹330 crore to fund the CCL initiative and other growth strategies. Additionally, Infomercials upgraded the company’s long-term credit rating to IVR A- (Stable) and short-term rating to IVR A2+, enhancing rated bank facilities to ₹388.47 crore.

Financial Performance Highlights

Total income rose 20.2% YoY to ₹318.43 crore. EBITDA expanded by 31.7% to ₹35.98 crore. Although the EBITDA margin contracted quarter-on-quarter by 289 basis points to 11.43%, this was primarily due to the inclusion of other income in the EBITDA calculation. Profit before tax (PBT) increased 21.9% to ₹21.88 crore.

Note: EBITDA includes Other Income.

Strategic Developments and Outlook

Vijay R. Sanghavi, Managing Director, attributed the performance to "strong momentum across the business" and disciplined execution. The company operates five integrated facilities in Gujarat, serving 219 clients across 31 countries. Key operational milestones include:

• CCL Project Progress: The ₹472.34 crore CCL project is approximately 60% complete, with key machinery shipments expected shortly. It is on track for commercial commissioning in November 2026.
• Export Recognition: Received the Star Performer – Large Enterprise Award at the 42nd EEPC India Export Awards.
• Policy Support: Secured in-principle approval under the Gujarat Electronics Policy for the CCL project.

Revenue breakdown for Q1FY27 showed domestic revenue at ₹304.68 crore and export revenue at ₹9.96 crore. Total segmental assets stood at ₹1,321.13 crore.

What the Numbers Show

The divergence between revenue growth (18.9%) and EBITDA growth (31.7%) indicates significant operating leverage in the current quarter. While the absolute EBITDA margin appears lower than the previous quarter (11.43% vs 14.32%), this is largely influenced by the inclusion of other income in the EBITDA calculation as per the note. The core profitability metric, PAT margin, improved slightly year-on-year by 15 basis points to 5.80%, suggesting that cost controls are effectively translating top-line growth into bottom-line gains. The substantial increase in EPS to ₹10.36 from ₹2.97 in Q1FY26 further underscores the accretive nature of this growth period.

Ratnaveer Precision Engineering has announced that it plans to review its Q1 financial results on July 24. The scheduled board meeting underscores the company's commitment to timely financial reporting and transparency with its stakeholders.

Board Meeting Details

The following details have been announced regarding the upcoming board meeting:

Key Highlights

• Ratnaveer Precision Engineering has formally scheduled a board meeting for July 24.
• The primary agenda of the meeting is to review the company's Q1 financial results.

The announcement reflects standard corporate governance practice, with the company notifying stakeholders ahead of the scheduled review. Investors and market participants are expected to monitor the outcome of the meeting for insights into the company's quarterly financial performance.