Zetwerk Manufacturing Businesses Limited announced strong financial results for the first half of fiscal year 2027. Revenue from operations surged by 33% year-over-year to Rs 8,717 crore. Adjusted EBITDA saw a substantial increase of 69% year-over-year, reaching Rs 274 crore, driven by higher gross margins and improved operating leverage. The company also reported a healthy manufacturing order book at an all-time high of Rs 14,595 crore.
Zetwerk Reports Robust Financial Performance for H1 FY27
Bengaluru, November 13, 2026 – Zetwerk Manufacturing Businesses Ltd. has reported strong financial and operating performance for the first half of fiscal year 2027 (H1 FY27). The technology-led manufacturing company announced that its revenue from operations grew 33% year-over-year to Rs 8,717 crore. This sustained growth reflects the company’s expanding presence across its business segments including Energy, Precision, and Capital Goods.
Key Financial Highlights
Gross profit saw a significant increase of 42% year-over-year, amounting to Rs 1,187 crore. This outpaced revenue growth, leading to an improved gross margin of 13.6% compared to 12.8% in the previous year. Adjusted EBITDA grew by an impressive 69% year-over-year to Rs 274 crore, with the margin expanding to 3.1% from 2.5%, attributed to increased operating leverage.
For the second quarter of fiscal year 2027 (Q2 FY27), revenue from operations increased by 18% year-over-year and 12% quarter-over-quarter to Rs 4,599 crore. Adjusted EBITDA for Q2 FY27 stood at Rs 171 crore, up 66% quarter-over-quarter and 31% year-over-year. The company also reported a positive Adjusted Profit Before Tax (PBT) of Rs 28 crore in Q2 FY27, a significant improvement from a loss of Rs 12 crore in Q1 FY27.
Manufacturing Segment Drives Growth
The Manufacturing segment was a key contributor to the company’s performance. Segment revenue grew 20% year-over-year to Rs 4,448 crore in H1 FY27. Gross profit in this segment increased by 41% year-over-year to Rs 1,092 crore, with margins expanding to 24.5% from 20.9%. Segment EBITDA grew 37% to Rs 336 crore in H1 FY27.
Within Manufacturing, Energy revenue grew 23% year-over-year to Rs 2,836 crore in H1 FY27, and Precision revenue saw a 34% increase to Rs 980 crore. The Precision order book has grown by 80% since March 2026 to Rs 2,698 crore.
Order Book Strength
Zetwerk’s manufacturing order book reached an all-time high of Rs 14,595 crore, reflecting a 67% year-over-year increase. The company secured new orders worth Rs 7,760 crore in H1 FY27, a 48% increase year-over-year. The order book spans a diverse range of products across sectors such as avionics, electronics, power, wind energy, consumer electronics, and automotive.
“Our first half shows what we have been building towards. Gross profit grew faster than revenue driven by design-led products (ODM), international customers, in-house manufacturing and higher-margin categories,” said Amrit Acharya, Co-founder and CEO, Zetwerk.
He further added, “Our manufacturing order book is at an all-time high of Rs 14,595 crore, and repeat customers contributed 83% of first-half revenue. Our ambition is to make manufacturing boringly predictable, and we want to bring that same consistency to our shareholders.”
Source: BSE
