RAJOO ENGINEERS LTD.-$

Rajoo Engineers Ltd reported a robust Q1 FY27 performance with revenue from operations reaching ₹123.07 crore, a significant 44.66% year-on-year increase from ₹85.07 crore in Q1 FY26. This growth was driven by strong execution and healthy global demand, with production and dispatches operating at full swing. EBITDA (excluding other income) grew 16.90% YoY to ₹21.72 crore, while PAT increased by 15.52% YoY to ₹17.35 crore. The company attributed margin pressures to elevated raw material and logistics costs but highlighted sequential EBITDA improvement due to higher capacity utilization and improved machine dispatches. Recent developments include the appointment of a new Company Secretary and technology upgrades to their machine shop.

Rajoo Engineers Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results, along with the limited review reports, during a meeting held on July 20, 2026. The financial results are available on the company's website. The review report also notes the inclusion of its subsidiary, Kohli Printing and Converting Machines Private Limited, and its joint venture, Rajoo Bausano Extrusion Private Limited. Changes in labor laws were assessed and deemed not material.

Rajoo Engineers' Q1 FY27 consolidated print looks strong on the surface — revenue ₹123.07 Cr (+44.7% YoY, +55% QoQ off a collapsed Q4) and PAT ₹17.35 Cr (+15.5% YoY) — but the headline is almost entirely a consolidation-scope story rather than organic momentum. The newly Ind AS-aligned subsidiary Kohli Printing & Converting Machines (~60% owned) alone contributed ₹46.39 Cr of revenue and ₹4.54 Cr of profit; the standalone parent — the core plastic-extrusion machinery business — actually shrank, with revenue down 9.5% YoY to ₹76.95 Cr and PAT down 11.5% to ₹12.71 Cr. The distinction matters for shareholders because ~40% of the subsidiary's profit belongs to minorities (₹1.82 Cr NCI this quarter). Profit attributable to owners rose only ~3.4% YoY to ₹15.53 Cr, and with the share count higher (paid-up capital ₹17.87 Cr vs ₹16.40 Cr a year ago), basic EPS actually fell to ₹0.87 from ₹0.92 — a ~5.4% YoY decline. So on the two metrics that reach the shareholder — per-share earnings and the core standalone franchise — this quarter is softer, not stronger, than a year ago. Margins confirm the pressure: consolidated net margin compressed to ~14.1% from ~17.3% a year ago, and operating margin fell to ~17% from ~21.8%, as raw-material and manufacturing costs outpaced the topline. The eye-catching +635% QoQ profit jump is an artefact of an unusually weak Q4 FY26 (external coverage flagged Q4 profit collapsing ~88-89% as margins hit a multi-quarter low), not a fresh acceleration. Management provides no formal guidance or outlook in the filing, and no brokerage consensus exists for a company this size, so there is no external benchmark to score against. Concurrent developments — the machine-shop capacity upgrade (June 18), Sunil Jain's move to Non-Executive Director (June 30) and the ₹0.15 FY26 dividend — are governance/capacity items with no visible revenue impact this quarter. The clean read: a genuinely fast-growing subsidiary is masking a core business that declined YoY on both sales and profit while group margins compressed.

Rajoo Engineers Ltd has announced that its Board of Directors will convene on July 20, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the limited review reports. Additionally, the meeting will address any other business with the Chair's permission. In compliance with SEBI regulations and the company's insider trading code, the trading window for designated persons and their relatives has been closed from July 1, 2026, and will reopen 48 hours after the financial results are declared.

Rajoo Engineers Limited announced a change in management following a Board of Directors meeting on June 30, 2026. Mr. Sunil Jain will cease to be Whole-Time Director upon completion of his tenure, effective end of business hours on June 30, 2026. Subsequently, he has been appointed as a Non-Executive, Non-Independent Director, effective July 01, 2026, subject to shareholder approval. Mr. Jain brings over 40 years of experience in the plastics and packaging industry and has played a significant role in the company's growth.

Rajoo Engineers Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI PIT Regulations and the company's internal code of conduct. The trading window will be shut from July 01, 2026, until 48 hours after the declaration of the Unaudited Financial Results for the First Quarter ending June 30, 2026. The company will announce the date of the Board of Directors' meeting to approve these results in due course. Insiders are advised against trading in the company's securities during this period.

Rajoo Engineers Ltd. has completed a significant technology upgrade of its in-house machine shop, Shree Yantralaya. This upgrade incorporates advanced machining technologies from Okuma, Huron, and Jyoti, enhancing the company's ability to produce complex, high-value machine components with greater precision and efficiency. The investment aims to improve process efficiencies, increase in-house value addition, reduce lead times, and strengthen quality standards, supporting the development of next-generation extrusion systems and reinforcing Rajoo's leadership in plastics extrusion machinery.

Rajoo Engineers Ltd. announces the re-appointment of key directors. Mr. Rajesh N. Doshi is re-appointed as Chairman & Executive Director, Ms. Khushboo C. Doshi as Managing Director, and Mr. Utsav K. Doshi as Joint Managing Director. All re-appointments are for a 5-year term effective June 1, 2026, and are subject to retirement by rotation. The appointments were approved by the company's members through postal ballot via remote e-voting.

Rajoo Engineers Ltd reported a 35.72% YoY increase in revenue to ₹344.25 crore for FY26, driven by improved demand and execution of a higher order backlog. However, Q4 FY26 revenue decreased by 11.67% YoY to ₹79.40 crore due to global trade disruptions. FY26 PAT increased by 28.28% to ₹48.90 crore, while Q4 FY26 PAT decreased by 88.04% to ₹1.83 crore. Management remains cautiously optimistic for FY27 due to near-term headwinds.

Rajoo Engineers Ltd.'s Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹0.15 per equity share for the Financial Year 2025-26, pending shareholder approval at the upcoming Annual General Meeting. Additionally, the re-appointment of M/s. Savjani and Associates as Internal Auditors and M/s. Shailesh Thaker & Associates as Cost Auditors for FY 2026-27 was approved. The resignation of Mr. Nikhil V. Gajjar as Company Secretary & Compliance Officer, effective April 30, 2026, was also noted and approved. The audit report for the financial results was issued with an unmodified opinion.