SectorCapital Goods & Engineering
- Aaron Industries Limited
- AXISCADES Technologies Limited
- Centum Electronics Ltd
- Elgi Equipments Limited
- Harsha Engineers International Limited
- Ideaforge Technology Limited
- Indo Farm Equipment Limited
- Jinkushal Industries Limited
- JNK India Limited
- John Cockerill India Ltd-$
- MM Forgings Limited
- RIR Power Electronics Limited
- Rishabh Instruments Limited
- Sansera Engineering Limited
- Schneider Electric Infrastructure Limited
- Shilchar Technologies Limited
- SKF India (Industrial) Limited
- TIL Limited
- Triveni Turbine Limited
Revenue growth driven by a sharp shift to Africa was offset by higher logistics and employee costs, pressuring margins amid strategic investments for long-term scaling.
Strong volume-driven revenue growth across geographies, driven by superior product technology and efficiency, with management confident of sustaining and improving margins despite raw material cost pressures.
AXISCADES reported a record quarterly revenue of Rs 346 Cr while booking a net loss due to one-off costs from its strategic pivot to a manufacturing-focused company in aerospace, defense, electronics, and space.
Revenue grew 16% on strong domestic and U.S. CV demand, with a strategic push into high-value machining now comprising 67% of sales.
Aaron Industries reported strong Q1 growth driven by its elevator and stainless-steel sheet businesses, with management focusing on capacity utilisation and cautiously optimistic on international OEM and new EVOQ360 product opportunities.
The quarter was driven by strong 34% growth in the core Electrical and Electronics Instrumentation (EEI) segment, operational profitability in the solar inverter business, and progress on international expansion.
The company reported a record order intake and strong backlog but faced near-term margin pressure from commodity inflation, operating leverage, and execution of legacy fixed-price contracts.
A challenging quarter with soft margins due to low-margin project execution and order mix, offset by strong export and aftermarket order booking pointing to a back-ended recovery.
TIL delivered strong year-on-year growth in Q1 FY27, driven by execution of existing orders and the strategic acquisition of Tulip Compression, marking a visible step in its transformation journey.
SKF India Industrial recorded solid revenue growth and is executing its strategy of localization, innovation, and significant capacity investment to capitalize on India's industrial tailwinds.
Q1 revenue and margins were impacted by delayed export dispatches and slower pass-through of raw material costs due to the West Asia crisis, but management maintains annual guidance and expects improved momentum in Q2.
The quarter was marked by a muted start due to project phasing, but strong order book growth and the exit from overseas subsidiaries sharpen focus on core high-reliability electronics in India.
RIR Power delivered strong Q1 revenue growth of 29.3% and an 80.6% profit impact, while nearing the start of epitaxy wafer production at its new Odisha facility.
Strong order book growth and strategic consolidation set the stage for future revenue, but near-term profitability is pressured by project timing and integration costs.
Sansera achieved its highest-ever quarterly revenue of over INR 10,000 million, driven by strong growth across all segments, particularly a near 130% increase in non-auto sales and a significant expansion of its aerospace & defense (ADS) order book.
The company posted 15% revenue growth led by a 36% jump in tractor sales, with crane sales flat due to emission norm transitions and capacity constraints, while gearing up for new production lines and dealer expansion.
Revenue grew 80.6% year-on-year on the back of a strong project order book, with management maintaining full-year revenue and margin guidance while strategically diversifying into adjacent technology-led EPC segments.
Harsha delivered 25% YoY revenue growth driven by strong demand for cages, bushings, and stampings, despite margin pressure from raw material cost inflation and foreign exchange losses.
The company started the year with steady execution, converting over 20% of its opening order book, and is positioned for growth with significant progress on key developmental programs like combat drones and YETI, a strengthened financial base, and a structurally improving demand environment.