Thaai Casting Posts ₹62.25 Cr Revenue in H1 FY26

Chennai (Tamil Nadu) [India], November 17: Thaai Casting Limited (NSE Emerge: TCL | INE0QJL01014), a leading precision engineering and high-pressure die-casting solutions provider, announced its unaudited financial results for the first half of FY26. The company delivered steady growth, supported by healthy operational utilisation, capacity optimisation, and continued expansion across key manufacturing verticals.

Strong Half-Year Performance

In H1 FY26, Thaai Casting registered ₹62.25 crore in consolidated revenue, reflecting a 16.43% year-on-year (YoY) increase, compared to ₹53.46 crore in H1 FY25. EBITDA stood at ₹16.33 crore, growing 12.59% YoY, while the company posted a net profit of ₹6.18 crore, marking a 14.93% YoY rise.

Despite a marginal decrease in margins due to strategic investments and capacity enhancement, the company maintained a stable EBITDA margin of 26.23% and a net profit margin of 9.92%.

On a standalone basis, revenue from operations grew to ₹52.01 crore, up 8.89% YoY, supported by consistent demand for the company’s ferrous and non-ferrous precision components.

Operational Highlights

The first half of FY26 showcased Thaai Casting’s focus on improving efficiency and enhancing production capabilities. Operational utilisation remained strong at 75–80% across casting and machining capacities, driven by robust demand from automotive and industrial clients.

Thaai Casting continues to strengthen its core manufacturing verticals, which include:

• High Pressure Die Casting (HPDC)

• Precision Machining (Ferrous & Non-Ferrous)

• Induction Hardening

• Gas Nitriding

• Gear Shaping and Heavy Machining

While the company’s business remains largely domestic, it is preparing to expand into export markets beginning next year.

Major Order Wins

During H1 FY26, the company secured two significant multi-year domestic orders:

• ₹126.53 crore contract for various automotive and non-automotive components, to be executed over 60–80 months

• ₹12.43 crore order for hardware components in the building and construction sector, to be delivered across 36–48 months

These long-term agreements reinforce Thaai Casting’s position as a preferred supplier to OEMs and Tier-1 manufacturers.

Strategic Funding for Future Growth

To support capacity expansion, automation initiatives, and modernisation, the Board approved a major capital infusion in September 2025. This included:

• 12,11,837 equity shares, raising ₹12.23 crore

• 15,00,000 convertible warrants, raising ₹3.78 crore in the first tranche

• 15,30,963 Compulsorily Convertible Debentures (CCDs), raising ₹15.46 crore

In total, the company raised ₹31.49 crore, enabling stronger financial flexibility for upcoming expansion phases and Industry 4.0-driven upgrades.

Leadership Commentary

Commenting on the performance, Mr Anandan Sriramulu, Chairman and Managing Director, stated:

“Every milestone we achieve reflects our purpose—to elevate Indian engineering on the global stage with precision and reliability. Our H1 FY26 results underline consistent profitability supported by trust, innovation, and perseverance. As we expand into new applications and adopt advanced automation, our long-term strategy remains focused on sustainable growth and carbon-neutral operations.”

About Thaai Casting Limited

Founded in 2011, Thaai Casting Limited has evolved into a comprehensive engineering solutions provider offering end-to-end manufacturing capabilities. The company specialises in HPDC, precision machining, induction hardening, gas nitriding, and heavy machining for mission-critical components.

Its diverse portfolio includes engine and transmission parts, EV battery enclosures, steering assemblies, planetary gears, and windmill gearbox components. The company is certified under ISO/IATF 16949:2016. It operates a technologically advanced facility in Tamil Nadu equipped with CNC/VMC systems, SCADA monitoring, and one of India’s largest gas nitriding furnaces.

Thaai Casting proudly serves leading OEMs and Tier-1 manufacturers including Hyundai, Kia, Maruti Suzuki, and Tata Motors.