Rajoo Engineers Limited Earnings Summary — Q4 FY2026
Rajoo Engineers Reports Significant Revenue and Profit Growth for FY2026; Recommends Final Dividend
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 55.0% sequentially in Q1 FY2027.
- Revenue of ₹123 Cr is 44.7% higher year-on-year.
- Revenue has compounded at 45.8% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹16 Cr is 3.4% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 41.8% annualised across the period.
- Operating margin stands at 17.6% in Q1 FY2027.
- Operating margin compressed by 418 bps year-on-year.
- Over the last two years operating margin has expanded by 365 bps.
- PBT margin is 18.2%.
- Expenses grew 52.4% against revenue growth of 44.7%.
- Operating profit of ₹22 Cr is 17.0% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 69/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 123 | 79 | 88 | 92 | 85 | 90 | 56 | 57 | 51 | 53 |
| Expenses | Improving | 101 | 76 | 65 | 74 | 67 | 71 | 45 | 48 | 44 | 44 |
| Operating Profit | Volatile | 22 | 3 | 23 | 18 | 19 | 18 | 11 | 9 | 7 | 9 |
| Operating Margin | Volatile | 17.6% | 4.0% | 25.9% | 19.9% | 21.8% | 20.6% | 19.3% | 16.1% | 14.0% | 17.0% |
| Other Income | Improving | 3 | 2 | 3 | 4 | 2 | 3 | 2 | 1 | 1 | 1 |
| Interest | Volatile | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | Strong Uptrend | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax | Volatile | 22 | 3 | 22 | 20 | 20 | 20 | 12 | 9 | 7 | 8 |
| Tax | Volatile | 5 | 1 | 4 | 7 | 5 | 5 | 3 | 2 | 2 | 2 |
| Net Profit | Volatile | 16 | 2 | 17 | 14 | 15 | 15 | 9 | 8 | 5 | 7 |
| Net Margin | Volatile | 12.6% | 2.5% | 19.2% | 15.4% | 17.7% | 17.0% | 16.8% | 14.0% | 10.8% | 13.4% |
Key Takeaways
- Rajoo Engineers concluded FY2026 with a substantial year-on-year revenue increase to ₹35,425 lakhs from ₹25,355 lakhs in FY2025.
- The full-year consolidated Net Profit reached ₹4,889.58 lakhs, representing a 28% growth over the previous fiscal year.
- Q4 results show a significant sequential and year-over-year contraction in profitability, largely due to balancing figures between audited annual and year-to-date performance.
- The Board recommended a final dividend of ₹0.15 per equity share (15% on face value of ₹1 each), demonstrating consistent shareholder returns.
- Consolidated assets surged to ₹67,438.66 lakhs, supported by the integration of Kohli Printing and Converting Private Limited and 'Shree Yantralaya' upgrades.
- The company continues to maintain a nearly debt-free standalone balance sheet, though consolidated borrowings increased to support new acquisitions and working capital.
- Inventory levels rose sharply to ₹20,485 lakhs (consolidated), indicating significant order backlogs or long lead-time project cycles.
- Management noted no immediate significant impact from the new Labour Codes, though a detailed assessment is currently underway.
Management Guidance
Management remains focused on technological leadership through projects like 'Shree Yantralaya' and the integration of new subsidiaries to enhance precision manufacturing and capacity. While specific numeric guidance for FY2027 was not provided in the filing, the focus remains on high-margin technology provision and capital discipline.
Sentiment Shift
Stable
While annual metrics show robust double-digit growth, the Q4 specifically appears weaker on a standalone basis due to historical accounting adjustments; however, long-term operational leverage remains intact.
Outlook
The company is transitioning into a higher-precision technology provider, supported by strong ROCE and recent capacity upgrades. Monitoring of the extremely high inventory levels (long cash conversion cycle) and potential cyclicality in capital goods remains critical for the next fiscal year.
From the Annual Report (Key Quotes)
“The Board of Directors has recommended dividend of Rs. 0.15/- per fully paid-up equity share of Re. 1/- each.”
“The company's business falls within a single business segment... Segment Reporting is not applicable.”
“Audited Standalone and Consolidated Financial Results... for the quarter and year ended March 31, 2026 [approved] with unmodified opinion.”
Official Quarterly Documents
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This summary is AI-generated from Rajoo Engineers Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.