Hy-Tech Engineers Limited announced robust financial results for the second quarter and first half of FY27. Revenue from operations grew by 22% year-on-year to INR60.9 crores in Q2 FY27. EBITDA saw a 21% increase to INR14.5 crores. The company also highlighted sequential growth and a positive business outlook, with expectations of sustained performance in the second half of the fiscal year.
Hy-Tech Engineers Reports Strong Q2 FY27 Performance
Hy-Tech Engineers Limited has announced its financial results for the second quarter and first half of the fiscal year 2026-27, showcasing significant growth across key financial parameters. The company reported a revenue from operations of INR60.9 crores for Q2 FY27, marking a healthy 22% year-on-year growth compared to INR49.8 crores in Q2 FY26. This performance underscores the company’s strong business momentum and operational efficiency.
EBITDA and Profitability Gains
EBITDA for the quarter increased by 21% to INR14.5 crores, up from INR12 crores in the corresponding quarter of the previous year. The EBITDA margin stood at 23.8%, a slight decrease from 24% in Q2 FY26. Net profit after tax (PAT) reached INR8.5 crores, a 23% increase compared to INR6.9 crores in Q2 FY26, with the PAT margin improving to 14% from 13.8%.
First Half FY27 Highlights
For the first half of FY27, Hy-Tech Engineers reported revenue from operations of INR103.9 crores, an 18% growth over INR87.8 crores in H1 FY26. EBITDA for the half-year grew by 14% to INR22.9 crores, while PAT saw a 19% increase to INR13.1 crores. The EBITDA margin for the half-year was 22.1%, and the PAT margin remained stable at 12.6%.
Management Commentary and Outlook
Mr. Hemant Mondkar, Chairman and Managing Director, expressed satisfaction with the strong performance, attributing it to robust existing business, long-standing OEM relationships, and operational efficiency. He highlighted a 32% year-on-year revenue growth in Q2 FY27 to INR60.9 crores and a significant 41% sequential growth compared to Q1 FY27. The company is focused on strengthening its core business, expanding internationally, and venturing into specialized industrial applications. The outlook remains positive, with expectations of sustained growth driven by increasing opportunities with global OEMs and expansion into new geographies.
Mr. Sunil Satwani, CFO, elaborated on the financial performance, confirming the 22% YoY revenue growth and 21% EBITDA growth for Q2 FY27. He also noted that the second half of the fiscal year is typically stronger, projecting around 24%-25% EBITDA for H2 FY27. The company is also on track to achieve its PAT growth targets.
New Initiatives and Market Expansion
Hy-Tech Engineers is strengthening its product portfolio with the development of stainless steel double ferrule fittings, targeting markets like oil and gas, shipping, and defence. This initiative is expected to open new avenues and offer potentially higher margins of about 5% more than carbon steel fittings. The company is also enhancing its US presence with a new wholly-owned subsidiary and warehouse in New Jersey. Investments in automated machinery and capacity expansion are ongoing to support future growth.
Capacity and Future Growth Projections
The management indicated that the company plans to maintain around 70% capacity utilization to ensure flexibility for new customers. Projections suggest a potential turnover of INR500 crores within the next 4-5 years. Discussions also touched upon the potential of leveraging INR30 crores from IPO funds for investment, aiming for a revenue multiplier of approximately three times that amount.
Addressing Market Dynamics
The company is actively managing pricing strategies, having recently finalized price revisions with customers after a significant period. The focus remains on sustainable growth through efficiency improvements and strategic market expansion, both domestically and internationally. Hy-Tech Engineers aims to achieve a 20%-25% growth annually, driven by gaining market share within existing OEM relationships and exploring new markets.
Source: BSE
