| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 9.10 | 23.3% |
| Total Income | 9.10 | 23.3% |
| Expenditure | 9.14 | 16.6% |
| PBT | -0.15 | 75.0% |
| Net Profit | -0.15 | 75.0% |
| OPM | -0.49% | 5.78pp |
| NPM | -1.68% | 6.41pp |
| EPS | -0.02 | 66.7% |
TechPrecision Reports Q1 FY27 Financial Results
14 Aug 2026 · 14 Aug, 1:54 am
Summary
TechPrecision Corporation announced its financial results for the first quarter of fiscal year 2027, reporting a 23% increase in consolidated revenue to $9.1 million and a 36% rise in consolidated gross profit to $1.4 million. Both the Ranor and Stadco segments contributed to this growth through favorable customer and project mix, with Stadco also narrowing its losses. The company reported a reduced net loss and improved EBITDA, supported by a strong funded backlog of $52.7 million. Management reiterated its positive outlook, expecting double-digit revenue growth and improved EBITDA for the remainder of fiscal year 2027.
Key Highlights
- 1
TechPrecision Corporation reported consolidated revenue of $9.1 million for the first quarter of fiscal year 2027, a 23% increase compared to the same period a year ago.
- 2
Consolidated gross profit increased by 36% to $1.4 million for Q1 FY27, driven by a favorable customer and project mix.
- 3
The Ranor segment saw revenue and gross profit increase by 27% and 4%, respectively, due to a favorable customer and project mix.
- 4
The Stadco segment's revenue increased by 22%, and its losses narrowed as cost of revenue remained virtually unchanged.
- 5
Net loss decreased by $0.4 million, with an equal EBITDA improvement, as a result of the favorable customer and project mix at both segments.
- 6
Customer confidence remains high with a funded backlog reaching $52.7 million as of June 30, 2026, with expectations for gross margin improvement.
- 7
The Company remains on track to deliver double-digit revenue growth and resulting EBITDA for the remainder of fiscal 2027, holding to its FY 2027 guidance.
Management Comments
Alexander Shen
For the first quarter of fiscal year 2027 the Company reported consolidated revenue of $9.1 million or 23% higher than the same period a year ago. Consolidated gross profit was $1.4 million or 36% higher than the same period a year ago. Our Ranor segment executed on a favorable customer and project mix as revenue and gross profit increased by 27% and 4%, respectively. Our Stadco segment executed on its strategic project mix change and revenue increased by 22%, and Stadco losses narrowed as cost of revenue was virtually unchanged from the same period a year ago. As a result of the favorable customer and project mix at both segments, our net loss decreased by $0.4 million with equal EBITDA improvement. Customer confidence remains high with our funded backlog reaching $52.7 million as of June 30, 2026, with approximately $22 million of additional unfunded purchase orders. We expect to deliver this backlog over the next one to three fiscal years with expectations for gross margin improvement throughout the period. For the remainder of fiscal 2027, the Company remains on track to deliver double-digit revenue growth and resulting EBITDA as we continue to execute on the strategic customer and project mix plan. The Company is holding to its FY 2027 guidance of Revenue growth of +10% to $35.0M - $37.0M and EBITDA growth of +80% to $3.0M-$4.0M.
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