Karamtara Engineering’s Q1 FY27 net profit rose 45% to Rs 87.4 cr as revenue jumped 72% to Rs 1,581 cr on strong solar & export demand.

The steel structures maker released the numbers for the quarter ended 30 June on 6 October, along with an investor presentation.

Operating profit, known as EBITDA, also grew 45% to Rs 174 crore. Sales were Rs 918 crore a year earlier. They also rose 26% from Rs 1,257 crore in the March quarter.

Solar did the heavy lifting. Solar products brought in 80% of revenue, transmission towers 13%, fasteners 5% and wind towers 2%. Renewable products together made up 82% of the total.

Exports mattered just as much. International customers accounted for 66% of sales, and the company says it serves buyers in more than 50 countries through arms in Italy, the US and Saudi Arabia.

Profit did not keep pace with sales. EBITDA margin, the share of each rupee of sales kept as operating profit, slipped to 11.0% from 13.1% a year ago.

Costs grew faster than sales. The margin did improve from 8.4% in the March quarter. Capacity grew too.

A plant in Bhachau, Gujarat, that makes lattice structures for power transmission towers began running in the quarter.

The company operates 13 factories across India, Italy and Saudi Arabia, and a Saudi unit is still under construction.

Its customer base looks less top-heavy than before. The largest customer made up 7.98% of revenue in FY26, down from 18.93% in FY24, the investor presentation showed.

Karamtara has also had a busy few weeks. Its shares listed on NSE and BSE on 17 September, after an IPO priced at Rs 254 a share.

The Rs 875 crore offer combined a fresh issue of about 2.66 crore shares with a sale of 78.74 lakh shares by existing holders.

The board also approved moving the registered office from Andheri (West) to Worli in Mumbai.

How the IPO money was used will appear in the results for the September quarter.

Discover the next big investment! Tradz by EquityPandits’ IPO screener helps you identify promising initial public offerings. Download Tradz by EquityPandit and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!