United Heat Transfer Limited Reports Robust Growth in H2 FY26, Driven by Operational Expansion and Data Centre Entry

United Heat Transfer Limited Reports Robust Growth in H2 FY26, Driven by Operational Expansion and Data Centre Entry​

United Heat Transfer Limited, a manufacturer of shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skid equipment, has reported strong financial results for the second half and full year ended FY26. The company noted significant growth across revenue, profitability, and operational performance in H2 FY26.

Established in January 1995, United Heat Transfer Ltd’s diverse product range serves critical applications across the automotive, marine, compressor, oil & gas, refinery, and other process industries.

Key Financial Highlights for FY26​

The company reported substantial year-over-year growth across key financial metrics in H2 FY26.


According to the reported data, Revenue from Operations rose by 33.9% year-over-year (YoY) to INR 514.4 Mn in H2 FY26. EBITDA grew by 61.1% YoY to INR 79.0 Mn. This growth in EBITDA occurred despite elevated raw material and procurement costs stemming from global conflicts and supply chain disruptions that affected material availability and pricing, reflecting improved operational leverage and enhanced manufacturing efficiencies.

The company’s EBITDA Margin expanded by 259 basis points (bps) YoY to 15.4%, supported by an improved product mix and enhanced productivity. Net Profit saw a sharp increase of 85.8% YoY, reaching INR 41.7 Mn in H2 FY26. Furthermore, the Net Profit Margin improved by 226 bps YoY to 8.1%. Operational discipline was further evident through the improvement in working capital days, which reached approximately 182 days in FY26, compared to 256 days in FY25. The unexecuted order book stood at INR 225.0 Mn as of March 31, 2026, and increased to INR 341.52 Mn as of May 29, 2026.

Infrastructure Expansion and Strategic Moves​

United Heat Transfer Limited announced several initiatives aimed at bolstering capacity and technical capabilities.

Capacity Expansion at Talegaon Plant
The company has commenced the construction of a new manufacturing building, covering approximately 50,000 sq. ft., which is expected to become operational by Q3 of FY27. This expansion is strategically focused on several objectives:

• Improving manufacturing throughput time.
• Enhancing operational efficiency, aiming for an Overall Equipment Effectiveness (OEE) above 85%.
• Reducing delivery timelines to 8–10 weeks from the current 14–16 weeks.

Additional infrastructure and equipment installations have also been undertaken to support the long-term growth roadmap.

Modernization and Capability Enhancements
Operational excellence initiatives include:

• Installing additional cranes and equipment to enhance material handling efficiency and capacity.
• Increasing the building height to 11 meters for improved shop-floor movement and material handling.
• Strengthening in-house manufacturing/processing capabilities with the addition of a CNC Rolling Machine and an Automatic/semi-Automatic TIG Welding setup.
• Setting up Effluent Treatment Plant (ETP) and Sewage Treatment Plant (STP) facilities to reinforce environmental compliance.

Entering the Data Centre Cooling Sector
The company has marked a significant milestone by expanding into the advanced thermal management sector. They onboarded Vertiv as a new customer and successfully developed a COOLING DISTRIBUTION UNIT (CDU) SOLUTION for this segment. The first commercial supply for this specialized solution is proposed by June 30, 2026.

Customer Growth and Growth Outlook​

The company reported continued customer growth, adding a total of 57 new customers during H2 FY26, comprising 41 Domestic Customers and 16 International Customers.

The management remains optimistic about sustaining its growth momentum, targeting 30–35% revenue growth in FY27. This outlook is supported by the benefits derived from the Talegaon capacity expansion, operational efficiency improvements, reduced product delivery timelines, and the expansion into high-growth sectors such as data centres and defence.

Mr. Yogesh Patil, Chairman & Managing Director, commented on the results, stating, "The second half of FY26 witnessed strong growth momentum driven by improved operational efficiency, healthy execution, and increasing customer engagement across key industries. Despite global supply chain disruptions and raw material price volatility, the Company delivered strong growth in revenue and profitability while significantly improving working capital efficiency."

He added, "The ongoing expansion at the Talegaon facility and investments in advanced manufacturing infrastructure are expected to further strengthen execution capabilities and support future growth opportunities. Our expansion initiatives, entry into the data centre cooling segment, and growing customer base position the Company well for the next phase of growth."

UHTL Stock Price Movement​

Shares of United Heat Transfer Limited are edging higher to ₹59 as of 11:12 AM today, rallying by 3.69% in live trading, driven by a ₹2.10 jump. The stock is currently showing robust interest, with 62,000 shares having traded in the session.