30-Oct-2026 15:05:10
MSAFEExpansion
MSAFE Q2 : NET PROFIT UP 55.42% AT 8.49 CR (YOY). STRONG (ON 1ST LOOK)
Revenue up 53.59% at 40.38 Cr (YOY); Ebitda up 49.63% at 15.61 Cr; margins 38.65% v 39.67% (YOY), down 102 bps. PAT margin 21.02% v 20.77% (YOY); rental share rose to 52% of revenue in Q2FY27. H1FY27 revenue 72.17 Cr, up 47.25% (YOY); company continues to target ~50% revenue growth in FY27. MS scaffolding capacity set to rise from 9,000 tonnes to 15,000 tonnes; warehouses up from 21 to 24. Aluminium formwork 500 TPA trial runs begun, commercialisation targeted December 2026; integrated manufacturing facility expected operational by May 2027.
Msafe Equipments Ltd
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