Tempsens Instruments (India) LimitedCapital Goods & EngineeringTEMPSENS
Q1 FY27 concall · earnings callTempsens Instruments (India) Limited
Q1 FY27 revenue grew by one-third to INR118 crores on strong temperature sensing, more than doubling electrical heating and 78.3% export growth, while profit grew about 16% as upfront employee investments compressed margins.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from operations | ₹118 Cr | up by 33% from ₹89 Cr a year ago | |
| EBITDA | ₹26.6 Cr | up by 15.7% | |
| EBITDA margin | 22% | against 25.3% last year | |
| Profit after tax | ₹16.3 Cr | up by 15.6% | |
| Export revenue | ₹39.8 Cr | grew by 78.3% |
TL;DR
- Revenue from operation grew to INR118 crores, up by 33% from INR89 crores a year ago, with temperature sensing up 42% to INR60 crores and electrical heating up 148.8% to INR25 crores, while specialized cables declined by 8.8% to INR32.5 crores on timing of export orders.
- Export revenue grew by 78.3% to INR39.8 crores to about 34% of revenue, aided by Tempsens Germany, Tempsens Polska and growth in Southeast Asia and North America; domestic revenue grew by 18.5% to INR78 crores.
- EBITDA grew to INR26.6 crores, up by 15.7% at 22% margin against 25.3% last year, with gross material margin at 47.4% and employee cost up 45% to INR20.4 crores; PAT grew to INR16.3 crores, up by 15.6%, with adjusted PAT at INR17.3 crores.
- Four capacity projects commissioning Q4 FY27 to Q3 FY28 carry aggregate peak revenue potential of about INR500 crores at full utilization against FY26 revenue base of INR445 crores.
Said on the call
“We measure, we heat, and we connect, creating a thermal loop for our customers.”
From the Q&A
| Topic | What management said |
|---|---|
| New products and OEM opportunity | Management said EDGE series co-developed with Micro-Epsilon addresses about a INR3,000-crores market where share is less than 1%, with dispatches from Q3, while medium-voltage heaters up to 15 megawatts have few players and long runway from FY28, with OEM plus new products expected to contribute more than 25% of revenue starting FY28 at broadly similar margins. |
| Fuel-cell orders | Management said fuel-cell temperature sensors are in advanced field-trial stage with focus on executing at scale, with clear visibility but declined to quantify run-rate, and said cross-sell scope exists for high-temperature specialized cables. |
| Competition and moat | Management said most revenue at 75% to 90% comes from critical applications where vendor approval takes 3 to 5 years and limits competition, with stickiness higher for OEMs once built into specs. |
| Margin bridge | Management said employee cost rise reflects headcount for future growth plus ESOP and lower-base acquired businesses, and expects absorption to drive margin recovery in H2 FY27 to broadly last-year profile. |
| Capacity expansion | Management said four projects commissioning Q4 FY27 to Q3 FY28 have aggregate peak revenue potential of about INR500 crores at full utilization against FY26 base of INR445 crores, with existing plants at about 80% utilization. |
Guidance
- Expect revenue growth to be in line with blended growth over the last 3 years
- Expect margin to remain broadly similar to last year margin profile as seeded projects take off and Q1 investments pay back
Source
Summary written from the transcript filed by Tempsens Instruments (India) Limited for the call held on 17 Sept 2026; published 22 Sept 2026, 17:46 IST.
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