Taurian MPS H1 revenue rises 73% as PAT more than doubles

For the half year ended September 30, 2026, Taurian MPS Limited reported revenue of Rs 56.0117 crore, up 73.47% year on year, and profit after tax of Rs 7.6521 crore, up 108.57%. Taurian MPS lifted earnings before interest, tax, depreciation and amortisation (EBITDA) margin to 22.03% from 20.95% in H1FY26.

How fast did Taurian MPS revenue and profit grow in H1FY27?

Taurian MPS grew revenue by 73.47% year on year to Rs 56.0117 crore in H1FY27, from Rs 32.2892 crore in H1FY26. Total income rose 74.89% to Rs 56.4740 crore, including other income of Rs 46.23 lakh, compared with Rs 21,000 a year earlier. FY26 revenue was Rs 99.3444 crore, compared with H1FY27 revenue of Rs 56.0117 crore.

Taurian MPS’s profit after tax, or PAT, rose by Rs 3.9832 crore from H1FY26 to H1FY27. Diluted earnings per share increased to Rs 8.61 from Rs 5.65 over the same periods. H1FY27 PAT of Rs 7.6521 crore was 47.21% of FY26 PAT of Rs 16.2090 crore.

What changed in Taurian MPS margins and costs?

Taurian MPS expanded EBITDA margin by 1.08 percentage points to 22.03% in H1FY27, from 20.95% in H1FY26, as EBITDA rose 82.37% to Rs 12.3372 crore. PAT margin increased by 2.30 percentage points to 13.66% from 11.36%. These changes accompanied revenue growth of 73.47%; the presentation does not disclose a separate half-year margin target.

Total expenditure increased to Rs 45.8687 crore in H1FY27 from Rs 27.0477 crore in H1FY26. Cost of goods sold rose to Rs 31.3727 crore from Rs 19.6588 crore, while employee benefit expense rose to Rs 6.0814 crore from Rs 3.1496 crore. Finance costs increased to Rs 1.1034 crore from Rs 65.34 lakh, and depreciation rose to Rs 1.0908 crore from Rs 86.99 lakh.

Profit before tax rose 102.25% to Rs 10.6053 crore from Rs 5.2436 crore, while tax expense increased to Rs 2.9532 crore from Rs 1.5747 crore. For comparison, FY26 EBITDA margin was 24.94% and PAT margin was 16.32%. Both FY26 margins were above the respective H1FY27 figures of 22.03% and 13.66%.

How does Taurian MPS H1FY27 compare with earlier half years?

Taurian MPS’s H1FY27 revenue of Rs 56.0117 crore was 85.41% above Rs 30.21 crore in H1FY25 and 73.47% above H1FY26 revenue. The presentation reports a 36.16% compound annual growth rate, or CAGR, for revenue from H1FY25 to H1FY27. The increase in revenue was Rs 23.7225 crore from H1FY26 to H1FY27, compared with Rs 2.0792 crore from H1FY25 to H1FY26.

EBITDA reached Rs 12.3372 crore in H1FY27, compared with Rs 6.18 crore in H1FY25 and Rs 6.7648 crore in H1FY26. Taurian MPS reports a 41.30% EBITDA CAGR across H1FY25 to H1FY27. PAT was Rs 7.6521 crore in H1FY27, versus Rs 3.73 crore in H1FY25 and Rs 3.6689 crore in H1FY26, for a reported two-year CAGR of 43.21%.

The H1FY25-to-H1FY26 comparison differed from the latest half-year trend because PAT declined by Rs 6.11 lakh, from Rs 3.73 crore to Rs 3.6689 crore, despite revenue rising from Rs 30.21 crore to Rs 32.2892 crore. In H1FY27, PAT increased by Rs 3.9832 crore from H1FY26, while EBITDA increased by Rs 5.5724 crore. The presentation does not separately quantify the reasons for the change in profit growth between the periods.

What order book and capacity support Taurian MPS execution plans?

Taurian MPS reported an order book of Rs 94.23 crore with advances received, scheduled for execution over the next four to five months. Domestic orders accounted for Rs 71.91 crore, or 76%, and export orders accounted for Rs 22.32 crore, or 24%. The order book exceeded H1FY27 revenue of Rs 56.0117 crore, although the presentation does not state the expected revenue-recognition period.

Taurian MPS operates a manufacturing facility in Roorkee, Uttarakhand, with capacity for 155 plants per annum and reported capacity utilisation of 65%. The facility covers 1,10,000 square feet and can manufacture primary, secondary, tertiary and washing plants. The presentation also states that Taurian MPS installed more than 80 plants in FY26.

Management said its Rs 59.97 crore preferential and warrants fund-raise is intended to support growth requirements. Of that amount, Rs 42 crore is allocated to working-capital requirements, Rs 10.22 crore to capital expenditure and Rs 7.75 crore to general corporate purposes. Management has stated an aspiration to grow topline at a 45% to 50% CAGR over coming years through capacity expansion, international sales appointments and dealer-network development.

Conclusion

Taurian MPS’s H1FY27 update shows profit growing faster than revenue: revenue increased 73.47% to Rs 56.0117 crore, EBITDA increased 82.37% to Rs 12.3372 crore and PAT increased 108.57% to Rs 7.6521 crore. The 1.08-percentage-point increase in EBITDA margin and 2.30-percentage-point increase in PAT margin provide the reported operating context for the faster profit growth.

The next disclosed milestones are execution of the Rs 94.23 crore advance-backed order book over four to five months and deployment of Rs 42 crore of working-capital funding and Rs 10.22 crore of capital expenditure. Investors can also watch progress toward management’s stated 35% export-contribution target, compared with 24% of the reported order book and 18% export contribution in FY26.