Ratnaveer Precision Engineering Reports Strong Q1 FY27 Results; Revenue Rises 18.9% YoY to ₹314.6 Crore
Vadodara, India – Ratnaveer Precision Engineering Limited, a leading manufacturer and exporter of stainless steel products, announced its financial results for the First Quarter (Q1) of Fiscal Year 2027 (FY27), which ended June 30, 2026. The company reported robust performance, achieving revenue from operations of ₹314.64 crore and a significant increase in Profit After Tax (PAT).The results showed steady operational strength across the quarter. Revenue from operations grew by 18.9% year-on-year (YoY), corresponding to a 26.4% sequential growth (QoQ). EBITDA rose sharply by 31.7% YoY, reaching ₹35.98 crore, resulting in an EBITDA margin of 11.43%. Profit Before Tax (PBT) increased by 22% YoY to ₹21.88 crore. The company recorded a PAT increase of 22% YoY to ₹18.24 crore, translating to a PAT margin of 5.80%.
Vijay R. Sanghavi, Managing Director of Ratnaveer Precision Engineering, commented on the findings, stating that the company began FY27 with strong momentum. He noted that the revenue growth translated efficiently to the bottom line, driven by operating leverage and disciplined execution from the teams. Looking ahead, Mr. Sanghavi highlighted the Copper Clad Laminate (CCL) project as a key strategic initiative. The CCL project is currently approximately 60% complete and is on track for commercial production in November 2026. This project aims to capture a large domestic market through import substitution and is expected to significantly contribute to future growth and profitability.
In terms of operational milestones, Ratnaveer Precision Engineering received the Star Performer - Large Enterprise Award at the 42nd EEPC India Export Awards, recognizing its excellence in engineering exports. The company also saw an upgrade by Infomerics regarding its credit ratings; the long-term rating was upgraded to IVR A- (Stable), and the short-term rating was upgraded to IVR A2+. Following these enhancements, bank facilities for the company were enhanced to ₹388.47 crore.
The strategic focus on domestic market opportunities remains strong. The CCL project received in-principle approval under the Gujarat Electronics Policy, and Ratnaveer secured NSE and BSE in-principle approvals for a proposed Rights Issue of up to ₹330 crore, supporting future expansion plans. With domestic revenue standing at ₹304.68 crore during Q1FY27, while export revenue amounted to ₹9.96 crore, the company maintains total segmental assets valued at ₹1,321.13 crore.
Consolidated Financial Highlights (Q1 FY27)
The following table provides a detailed comparison of key financial metrics for Ratnaveer Precision Engineering Limited across Q1FY27, Q4FY26, and Q1FY26:| Particulars (₹ Crore) | Q1FY27 | Q4FY26 | Q1FY26 |
|---|---|---|---|
| Revenue from Operations | 314.64 | 248.96 | 264.62 |
| Total Income | 318.43 | 256.29 | 264.91 |
| EBITDA | 35.98 | 35.66 | 27.31 |
| EBITDA Margin % | 11.43% | 14.32% | 10.32% |
| Profit Before Tax (PBT) | 21.88 | 20.75 | 17.95 |
| Profit After Tax (PAT) | 18.24 | 17.03 | 14.95 |
| PAT Margin % | 5.80% | 6.84% | 5.65% |
Ratnaveer Precision Engineering Limited is an ISO 9001 certified company established in 2000 and operates as a leading manufacturer and exporter of stainless steel products, catering to industries such as automotive, solar power, wind energy, water treatment, food processing, oil and gas, and pharmaceuticals.
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