Tempsens Instruments reported a 14.3% year-on-year increase in consolidated net profit to ₹152 million for the quarter ended June 30, 2026 (Q1FY27). Revenue from operations grew 33.6% YoY to ₹1,190 million, driven by strong export growth and expansion in its electric heating solutions segment.

The Udaipur-based manufacturer of industrial temperature and pressure sensors saw its standalone net profit rise 2.9% YoY to ₹129.3 million, while standalone revenue increased 21.9% to ₹1,018.5 million. The Board of Directors approved the unaudited financial results in a meeting held on September 16, 2026.

Consolidated Financial Performance

Consolidated revenue from operations stood at ₹1,190 million in Q1FY27, compared to ₹890 million in the corresponding quarter of FY26. Total income reached approximately ₹1,210 million. This compares to total income of ₹909.8 million in Q1FY26.

Total expenses for the consolidated entity were approximately ₹945 million, up from ₹730.4 million in the prior year period. Key expense components included:

• Cost of materials consumed: ₹669.0 million (up from ₹475.2 million)
• Employee benefits expense: ₹204.5 million (up from ₹141.0 million)
• Other expenses: ₹120.3 million (up from ₹91.8 million)

Profit before tax was approximately ₹265 million, against ₹184.1 million in Q1FY26. After accounting for tax expenses, the group reported a profit after tax of ₹152 million.

Segment and Geographic Breakdown

The company disclosed detailed segment performance for the first time post-IPO. Temperature sensing solutions remained the largest contributor, accounting for approximately 51% of product revenue. Electric heating solutions recorded significant revenue growth of ~149% YoY, supported by the ramp-up of a heater manufacturing facility that became operational towards the end of Q1 FY26.

Geographically, export revenue increased ~78% YoY to ₹398 million, contributing ~34% of product revenue in Q1FY27 compared with approximately 25% in Q1FY26. This reflects increased traction in international markets, aided by the addition of Tempsens Germany and Tempsens Polska to the consolidation scope. Domestic revenue grew ~19% YoY to ₹780 million.

Standalone Results

On a standalone basis, Tempsens Instruments recorded revenue from operations of ₹1,018.5 million, an increase of 21.9% from ₹835.6 million in Q1FY26. Total income including other income of ₹22.7 million was ₹1,041.2 million.

Standalone total expenses amounted to ₹868.6 million, comprising cost of materials consumed at ₹597.0 million and employee benefits expense of ₹160.5 million. Profit before tax was ₹172.5 million, leading to a profit after tax of ₹129.3 million after tax expenses of ₹43.2 million.

Growth Levers and Capacity Expansion

During the earnings call held on September 17, 2026, management outlined four significant levers for future growth: OEM partnerships, international geographies, customer approvals, and new products. The company is targeting OEMs in fuel cells, automotive, and CVD equipment, where order visibility extends to 9-12 months compared to 4-4.5 months for traditional project clients.

To support this expansion, Tempsens is undertaking four major capacity projects between Q4FY27 and Q3FY28 with an aggregate peak revenue potential of ₹500 crore at full utilization. These include:

• A brownfield plant for OEM contact sensors (peak potential ₹120 crore), commissioned by Q3FY28.
• A new facility for medium-voltage heaters up to 15 MW (peak potential ₹200 crore), completed by Q1FY28.
• A greenfield unit for specialized cables (peak potential ₹60 crore), completed by Q2FY28.
• An acquired facility for the Victura Technologies joint venture (peak potential ₹120 crore), operational by Q4FY27.

Management noted that existing capacity is running at approximately 80% utilization. The new capacities are designed to add on top of the existing base, potentially enabling a combined revenue run-rate approaching ₹1,000 crore once fully utilized by FY30.

What the Numbers Show

The divergence between consolidated revenue growth (33.6%) and standalone revenue growth (21.9%) indicates that subsidiaries contributed disproportionately to the top-line expansion. Consolidated revenue exceeded standalone revenue by ₹171.5 million in Q1FY27, compared to ₹54.5 million in Q1FY26, suggesting increased activity or consolidation scope changes within the group structure.

Additionally, while revenue grew significantly, EBITDA margin contracted to 20.59% in Q1FY27 from 23.61% in Q1FY26. EBITDA stood at ₹245 million against ₹210 million in the prior year period. This margin compression was driven by an increase in employee benefit expenses as the company strengthened organizational capability, as well as a one-off ESOP charge recognized in Q1FY27 following grants in September 2025, which had no comparable charge in the prior year. Management expects margin recovery in H2FY27 as these costs are absorbed by higher revenue volumes.

IPO Context and Capital Allocation

Subsequent to the quarter ended June 30, 2026, the company completed its IPO of 21,666,666 equity shares at ₹300 per share, raising ₹6,500.0 million. The issue included an offer for sale of 18,500,000 shares by selling shareholders aggregating ₹5,550.9 million and a fresh issue of 3,166,666 shares aggregating ₹950.0 million. Shares were listed on NSE and BSE on August 28, 2026.

Management noted that ₹550 million of the fresh issue proceeds has been applied towards repayment of borrowings, which is expected to reduce finance costs in subsequent periods. Additionally, during Q1 FY27, the company acquired land for approximately ₹250 million to support the planned expansion of the Specialised Cables business.

Walker Chandiok & Co LLP served as the statutory auditor, issuing a limited review report on the consolidated and standalone financial results. The operating segment is identified as "Industrial Products," with no separate segment disclosures presented.

Tempsens Instruments has released the audio recording of its Q1FY27 earnings conference call. Management guided for revenue growth in line with a 27% CAGR and projected new capacity to add ₹500 crore peak revenue potential.

The disclosure was issued pursuant to Regulation 30 and Regulation 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the BSE Limited and the National Stock Exchange of India Limited regarding the availability of the recording and the subsequent management guidance.

Management Guidance on Growth and Capacity

For the year ahead, management expects revenue growth to align with their blended growth over the last three years, specifically a 27% CAGR. Margins are anticipated to remain broadly similar to last year's profile as projects commence and investments yield returns. Profit growth is expected to match revenue growth by the end of FY27, with margin recovery projected in the second half of the year.

Four new projects, scheduled for commissioning between Q4 FY27 and Q3 FY28, carry an aggregate peak revenue potential of ₹500 crore at full utilization. This is in addition to the FY26 revenue base of ₹445 crore. Full utilization of these new capacities is broadly expected by the end of FY29 or beginning of FY30, with plants typically running at about 80% utilization.

Conference Call Details

The session was led by key management representatives, including Vinay Rathi, Managing Director; Priyanka Menaria, CFO; and Aryan Rathi, Head – Global Sales. ICICI Securities coordinated the event.

Access Information

Investors can access the audio recording via the company’s website at the designated investor relations section. For reference, the original call was accessible via universal access numbers or toll-free lines provided for various international regions.

• Universal Access: +91 22 6280 1144 / +91 22 7115 8045
• Toll-Free Numbers:
  • Singapore: 8001012045
  • Hong Kong: 800964448
  • UK: 08081011573
  • USA: 18667462133

Management stated that their outlook for the year may be forward-looking and subject to risks, noting that peak revenue potentials of new capacity are indicative at full utilization, not a forecast or guidance.