Patil Automation Limited H1 profit rises 48% as margins expand

Patil Automation Limited reported H1 FY27 consolidated net profit of Rs 11.14 crore, up 47.8% year on year, while earnings before interest, tax, depreciation and amortisation (EBITDA) margin increased 177 basis points to 19.39% in the half year ended 30 September 2026.

How did Patil Automation’s consolidated earnings change in H1 FY27?

Patil Automation’s consolidated total income rose 36.2% to Rs 100.45 crore in H1 FY27 from Rs 73.75 crore in H1 FY26. Net sales increased to Rs 97.95 crore from Rs 71.26 crore, while other income was Rs 2.50 crore compared with Rs 2.49 crore a year earlier.

EBITDA increased 49.9% to Rs 19.48 crore from Rs 12.99 crore, growing faster than total income. Net profit rose 47.8% to Rs 11.14 crore from Rs 7.54 crore, while profit before tax increased 44.5% to Rs 15.02 crore from Rs 10.40 crore. Earnings per share increased 16.6% to Rs 4.99 from Rs 4.28.

Why did Patil Automation’s consolidated margin improve?

Patil Automation’s consolidated EBITDA margin increased to 19.39% in H1 FY27 from 17.62% in H1 FY26, a rise of 177 basis points. The change reflects EBITDA growth of 49.9%, exceeding the 36.2% increase in total income during the same half-year comparison.

Total expenditure rose to Rs 80.97 crore from Rs 60.76 crore. Raw-material expense increased to Rs 44.21 crore from Rs 38.75 crore, employee-benefit expense rose to Rs 17.16 crore from Rs 10.54 crore, and other expenses increased to Rs 19.59 crore from Rs 11.47 crore. Net profit margin rose 87 basis points to 11.09% from 10.22%, while interest expense declined to 97 lakh from Rs 1.19 crore and depreciation increased to Rs 3.48 crore from Rs 1.40 crore.

Patil Automation recorded minority interests of 26 lakh in H1 FY27, resulting in reported net profit of Rs 10.88 crore. Total comprehensive income was Rs 11.14 crore, unchanged from the stated net-profit figure for the period, compared with Rs 7.54 crore in H1 FY26.

How did Patil Automation’s standalone performance differ?

Patil Automation’s standalone total income increased 41.4% to Rs 104.01 crore in H1 FY27 from Rs 73.55 crore, outpacing the consolidated income growth rate of 36.2%. Standalone EBITDA rose 39.2% to Rs 18.04 crore from Rs 12.96 crore, and standalone net profit increased 38.2% to Rs 10.40 crore from Rs 7.53 crore.

Standalone margins moved in the opposite direction to consolidated margins. Standalone EBITDA margin declined 28 basis points to 17.34% from 17.62%, and standalone net profit margin fell 23 basis points to 10.00% from 10.23%; consolidated EBITDA margin rose to 19.39% and consolidated net profit margin rose to 11.09%.

Patil Automation’s consolidated EBITDA exceeded standalone EBITDA by Rs 1.44 crore, while consolidated net profit was Rs 0.74 crore higher than standalone profit. The company identifies FY26 as its first consolidated year, with subsidiaries consolidated from 19 September 2025, and therefore presents multi-year financial trends on a standalone basis for comparability.

What did Patil Automation’s cash flow show in H1 FY27?

Patil Automation reported consolidated operating profit before working-capital changes of Rs 16.95 crore, but cash from operating activities was an outflow of Rs 10.60 crore. The difference reflected working-capital investment of Rs 24.34 crore and income tax paid of Rs 3.21 crore during H1 FY27.

Inventory represented an outflow of Rs 37.50 crore in consolidated working-capital deployment, while advances and other assets represented an outflow of Rs 9.30 crore. Trade receivables contributed Rs 4.70 crore and payables and other liabilities contributed Rs 17.70 crore. The presentation says the working-capital deployment was primarily for inventory related to lines under build and order execution, supported by supplier credit of about Rs 15 crore to Rs 18 crore.

Consolidated capital expenditure, net of asset sales, was Rs 13.09 crore, while fixed-deposit and capex-advance realisations were Rs 13.99 crore. Cash from investing activities was Rs 3.58 crore, cash from financing activities was Rs 3.67 crore, and net cash movement was an outflow of Rs 3.35 crore, leaving closing cash and cash equivalents of Rs 11.72 crore.

What plans did Patil Automation disclose after H1 FY27?

Patil Automation management said it is building an integrated automation group through its Faridabad facility, a larger stake in Mii Robotics and capital raised through a preferential issue. The presentation states that Rs 62.30 crore of preferential-issue proceeds were allotted on 23 October 2026, after the 30 September 2026 period end, and were therefore not included in H1 FY27 cash flow.

Managing Director Manoj Patil said Patil Automation is widening its presence beyond automotive through solar trackers, module assembly lines and battery energy storage system automation under PAL Green Energy. Management also said its engineering teams are pursuing opportunities in defence, railways and data-centre energy storage, without providing revenue or profit targets for these areas.

The presentation links these plans to India’s industrial automation market, where 9,120 industrial robots were installed in 2024, up 7% year on year, with automotive accounting for 45% of installations. It also cites FY26 electric-vehicle sales of 2.66 million units and projected battery energy storage system capacity of 208 gigawatt-hours by 2030; Patil Automation says it integrates robots into complete lines rather than manufacturing robots.

Conclusion

Patil Automation’s H1 FY27 figures show consolidated profit and operating earnings rising faster than income. Total income increased 36.2% to Rs 100.45 crore, EBITDA rose 49.9% to Rs 19.48 crore and net profit increased 47.8% to Rs 11.14 crore, lifting EBITDA margin by 177 basis points. The contrast with standalone results is material because standalone income rose faster, but standalone EBITDA margin declined 28 basis points.

The next disclosed developments to watch are the use of the Rs 62.30 crore preferential-issue proceeds allotted in October 2026 and the effect of execution-related working-capital investment on cash generation after the H1 operating cash outflow of Rs 10.60 crore. Management’s plans across solar, battery energy storage systems, defence, railways and data-centre energy storage remain the stated route for widening the group beyond automotive.