28-Oct-2026 09:21:57
MACPOWER CNC MACHINES Q2 CONCALL : REVENUE JUMPS 40%, PAT SURGES 44%; MANAGEMENT RAISES FY27 GROWTH GUIDANCE TO 35% FROM 30%, TARGETS 25–30% ANNUAL GROWTH FOR NEXT 3 YEARS
• MANAGEMENT RAISES FY27 REVENUE GROWTH GUIDANCE TO 35% FROM 30%, SUPPORTED BY STRONG ORDER INFLOWS, HIGHER MACHINE DELIVERIES & IMPROVED REALISATIONS • MANAGEMENT TARGETS 25–30% ANNUAL REVENUE GROWTH OVER THE NEXT THREE YEARS, BACKED BY CAPACITY EXPANSION, BACKWARD INTEGRATION & HIGHER-VALUE CNC MACHINES • MANAGEMENT EXPECTS EBITDA MARGINS TO EXCEED 20% OVER THE LONG TERM AS PRODUCTION SCALES UP, COMPARED WITH 16.56% IN Q2 FY27 • MANAGEMENT TARGETS 2,300–2,400 MACHINE DELIVERIES IN FY27, WHILE EXPECTING RECORD QUARTERLY PERFORMANCE IN Q3 & Q4 • MANAGEMENT TARGETS COMMISSIONING OF ITS NEW 13-ACRE MANUFACTURING FACILITY BY Q2 FY28, WITH EXACT CAPACITY ADDITION & CAPEX DETAILS TO BE DISCLOSED IN Q3 FY27 • MANAGEMENT AIMS TO INCREASE NEXA-SERIES CONTRIBUTION TO APPROXIMATELY 50% BY FY29 FROM AROUND 40% OF CURRENT ORDER BOOK VOLUMES • Q2 REVENUE JUMPED 40.4% YOY TO ₹120.33 CR, WHILE EBITDA GREW 40.8% TO ₹19.93 CR & NET PROFIT SURGED 43.7% TO ₹13.48 CR • Q2 EBITDA MARGIN STOOD AT 16.56%, WHILE PAT MARGIN IMPROVED TO 11.20%, WITH AVERAGE MACHINE REALISATION AT ₹20.36 LAKH • H1 FY27 REVENUE GREW 46.9% YOY TO ₹215.56 CR, EBITDA JUMPED 60.2% TO ₹35.36 CR & NET PROFIT SURGED 65.5% TO ₹23.60 CR • CONFIRMED ORDER BOOK GREW 36% YOY TO ₹476 CR, WHILE TOTAL BID PIPELINE STOOD AT ₹939 CR, INCLUDING ₹745 CR DOMESTIC BIDS & ₹194 CR GOVERNMENT TENDER BIDS • MANAGEMENT EXPECTS RECENT MACHINE PRICE INCREASES TO START REFLECTING IN REVENUE FROM Q3 FY27, SUPPORTING REALISATIONS & PROFITABILITY • MANAGEMENT PLANS FOUR NEW TECHNICAL CENTRES IN KOLHAPUR, MUMBAI, CHENNAI & AURANGABAD DURING Q3 FY27 TO STRENGTHEN SALES & SERVICE CAPABILITIES • MANAGEMENT TARGETS APPROXIMATELY 10% MARKET SHARE WITHIN 3–4 YEARS, WHILE ITS LONG-TERM EXPANSION VISION INCLUDES POTENTIAL CAPACITY OF 10,000 MACHINES ANNUALLY • PROPOSED 60-ACRE DEFENCE EXPANSION AWAITS GUJARAT GOVERNMENT POLICY CLARITY, WITH POTENTIAL 25% CAPITAL SUBSIDY & 7% INTEREST SUBSIDY SUBJECT TO APPROVALS • MANAGEMENT REMAINS POSITIVE ON DEFENCE DEMAND, BACKWARD INTEGRATION & CAPACITY EXPANSION, BUT CURRENT CAPACITY CONSTRAINTS, MONTHLY ORDER CANCELLATIONS, PROJECT EXECUTION & SUBSIDY APPROVALS REMAIN KEY RISKS
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