Technocraft Industries (India) Limited has released the complete transcript of its Q3FY26 earnings conference call held on February 12, 2026. The call, hosted by Batlivala & Karani Securities, featured detailed discussions on the company's financial performance for the quarter ended December 31, 2025, with management providing insights on business recovery and future outlook.

Management Participation and Key Highlights

The earnings call was led by key management personnel including Mr. Navneet Kumar Saraf (Director and CEO), Mr. Ashish Kumar Saraf (Director and CFO), and Mr. Anil Gadodia (Group CFO). The management addressed investor queries on various business segments and provided guidance on recovery prospects.

Scaffolding Business Recovery and Trade Deal Impact

Management highlighted significant developments in the scaffolding segment, noting a recovery in US demand from November 2025 onwards after experiencing a slowdown from July to November. CEO Navneet Saraf explained that sales volumes during the weak period averaged around 50% of 2024 levels, but December sales returned to original levels with strong momentum continuing into 2026.

Regarding the recent trade deal, management clarified the tariff structure impact. The company currently pays 50% tariffs on steel content under Section 232, with reciprocal tariffs on non-steel content reduced from 50% to 25%, expected to further decrease to 18% upon official notification.

Formwork Business and Capacity Expansion

The management discussed the formwork (Mach One) business performance, reporting quarterly sales of ₹200 crores for the December period and ₹550 crores for the nine-month period. Current monthly capacity stands at 75,000 square meters, with plans to expand to 100,000 square meters by June 2026.

Management emphasized a strategic focus on margin protection over volume growth, citing increased competition in the Indian aluminium formwork market. The order book remains stable at 350,000 to 400,000 square meters, representing approximately six months of forward coverage.

Financial Position and Debt Structure

CFO Anil Gadodia provided detailed financial metrics during the call. The company maintains cash and cash equivalents of ₹405 crores against working capital requirements of ₹390 crores on a standalone basis. Total consolidated gross debt across all subsidiaries amounts to ₹600 crores.

Segment Outlook and Margin Guidance

Management provided optimistic guidance for the scaffolding segment, targeting 15% margins for FY27, contingent on stable geopolitical conditions and sustained US demand. The engineering services segment is expected to maintain steady growth with 15% margins, while the textile division shows improvement with two of three divisions achieving positive EBITDA.

For the overall scaffolding and formwork segment, management projects full-year revenue of ₹1,400 crores, with formwork contributing approximately ₹900 crores. The company expects the March quarter to show improved profitability compared to the December quarter, driven by volume recovery in scaffolding sales.

Technocraft Industries (India) Limited has scheduled a conference call to discuss its third quarter financial performance for the period ended December 31, 2025. The company made this announcement on January 21, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Conference Call Details

The earnings conference call is scheduled for Thursday, February 12, 2026, at 11:30 hrs IST. B&K Securities will host the call to discuss the company's 3QFY26 financial performance.

Management Participation

The conference call will feature comprehensive representation from Technocraft Industries' senior management team. Key executives who will participate in the earnings discussion include:

• Dr. Sharad Kumar Saraf – Chairman and Managing Director
• Mr. Sudarshan Kumar Saraf – Co-Chairman and Co-Managing Director
• Mr. Navneet Kumar Saraf – Director & CEO
• Mr. Ashish Kumar Saraf – Director & CFO
• Mr. Anil Gadodia – Group CFO

Access Information

Participants can join the conference call through multiple channels. The company has provided both domestic and international dial-in options to accommodate stakeholders globally.

Dial-in Details

International participants can access toll-free numbers for countries including the United States, United Kingdom, Germany, Japan, Singapore, Australia, and several others.

Regulatory Compliance

The announcement was made pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Neeraj Rai signed the regulatory filing on January 21, 2026.

The company has noted that changes may occur due to exigencies on the part of participants or the company. For additional information regarding the conference call, stakeholders can contact Purva Zanwar or Akhil Parekh at Batlivala & Karani Securities India Pvt. Ltd.