Technocraft Industries (India) LimitedDiversifiedTIIL
Q1 FY27 concall · earnings callTechnocraft Industries (India) Limited
All key divisions performed well with record Drum Closure margins and strong US-driven demand for Scaffolding and Engineering services.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Steel Scaffolding Revenue | ₹240 Cr | — | |
| Aluminium Formwork (Mach One) Revenue | ₹165 Cr | — | |
| Drum Closure EBIT Margin | 43% | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹644.33 Cr+25.7% YoY+2.5% QoQ | ₹41.44 Cr-32.1% YoY-41.8% QoQ | ₹18.03-29.6% YoY-40.2% QoQ |
| Q2 FY25 | ₹628.56 Cr+20.9% YoY+1.3% QoQ | ₹71.21 Cr+1.5% YoY-15.1% QoQ | ₹30.16+5% YoY-13.9% QoQ |
| Q1 FY25 | ₹620.40 Cr+11.5% YoY+4.7% QoQ | ₹83.89 Cr-7.4% YoY+46.2% QoQ | ₹35.04-5.4% YoY+46.7% QoQ |
| Q4 FY24 | ₹592.55 Cr+23.3% YoY+15.6% QoQ | ₹57.37 Cr+14.7% YoY-6% QoQ | ₹23.89+16.8% YoY-6.7% QoQ |
| Q3 FY24 | ₹512.67 Cr+4.8% YoY-1.4% QoQ | ₹61.06 Cr-30% YoY-13% QoQ | ₹25.61-25.1% YoY-10.9% QoQ |
TL;DR
- Drum Closure segment achieved record 43% EBIT margin due to volume and rupee depreciation.
- Scaffolding segment saw strong US demand from AI chip plants and energy projects.
- Engineering Services division grew due to buoyant outsourcing and AI/automation capabilities.
- No significant new CAPEX planned for the year; focus on execution.
- Defence vertical secured orders for JT Coolers and missile canisters, with a total order book of around Rs. 20-21 crores.
Said on the call
“Our focus is not rapid expansion of volume, but more sensible expansion.”
From the Q&A
| Topic | What management said |
|---|---|
| Segment Revenue Split | Management provided Q1 figures: Steel Scaffolding at Rs. 240 crores and Aluminium Formwork (Mach One) at Rs. 165 crores. |
| Drum Closure Margins | Record 43% EBIT margin attributed to higher volume and rupee depreciation; sustainable margin target remains above 30%. |
| Scaffolding Demand | Strong US demand from AI chip plants, semicon, and energy projects is seen as sustainable, not a one-off. |
| Capacity Utilization & Expansion | Scaffolding running at 95% utilization; studying options to add capacity within 3 months if needed. Aluminium extrusion plant is at 100%. |
| Defence Business | Received orders for JT Coolers from Israel (~Rs. 20 crores) and missile canisters (~Rs. 10 crores); total order book ~Rs. 20-21 crores. |
| CAPEX & Guidance | No significant new CAPEX this year; only maintenance CAPEX. Phase 2 expansion for extrusion plant planned next year. |
| Tariffs & Competition (US Scaffolding) | Paying 50% tariff (75% for China); compete on inventory mix and local presence, not price; Chinese have ~20% steel cost advantage. |
Guidance
- Scaffolding & Engineering Services sustainable EBIT margin: upwards of 15%.
- Drum Closure sustainable EBIT margin: upwards of 30%.
- Defence JT Cooler margin: around 15%.
- No significant new CAPEX planned for the current year.
- Foreseeable next 2 quarters should maintain or better Q1 Scaffolding volumes.
Source
Summary written from the transcript filed by Technocraft Industries (India) Limited for the call held on 17 Aug 2026; published 19 Aug 2026, 16:37 IST.
More Q1 FY27 concalls ·How verification works ·Report an error