Poojaa Precision Engg. Reports Strong H1 Growth

Revenue: Rs 210.09 crore | Net Profit: Rs 24.93 crore

Reader Takeaway: Strong operational gains and a solid order book drive growth, while investors await the pending IPO utilization report.

What just happened

Poojaa Precision Engg. Ltd has released its financial results for the half year ended September 30, 2026. The company posted a robust performance, with revenue from operations reaching Rs 210.09 crore, up 68.2% from Rs 124.89 crore in the same period last year. Net profit (PAT) increased by 87.6% to Rs 24.93 crore. The board noted that the Monitoring Agency Report from CARE Ratings regarding IPO fund utilization was not available for review during this meeting.

Why this matters

The company is scaling rapidly, supported by an order book of Rs 1,180 crore executable by FY29. Margin expansion—with EBITDA margins reaching 19%—indicates improved operational efficiency and a shift toward high-value precision castings. Management has set an ambitious target of ~50% revenue growth for FY27 and eyes an annual turnover of Rs 1,000 crore by FY30.

Capacity and Expansion

Investment is focused on the Unit III facility at Khed, Pune. This expansion aims to boost melting capacity to 28,800 MTPA and casting/machining capacity to 12,600 MTPA by September 2027. Of the Rs 159.83 crore raised in its August 2026 IPO, the company has deployed Rs 94.1 crore so far.

Risks to watch

The primary point of caution is the delay in the mandatory Monitoring Agency Report. Shareholders should watch for this disclosure to ensure complete transparency regarding the deployment of remaining IPO proceeds of Rs 65.7 crore.

Context metrics

• EBITDA Margin: Improved to 19% (H1 FY27) from 18% (H1 FY26).
• PAT Margin: Improved to 12% (H1 FY27) from 11% (H1 FY26).
• IPO Listing: Listed on BSE SME platform on August 4, 2026.

What to track next

Watch for the upcoming filing of the Monitoring Agency Report and the progress of the Unit III capacity expansion in Pune, which is critical to meeting the company's long-term turnover targets.