Technocraft Q2 revenue rises 29% as pre-tax profit gains 55%

Technocraft Industries (India) Limited reported consolidated revenue from continuing operations of Rs 935.18 crore for the quarter ended 30 September 2026, up 29% year on year, while profit before tax rose 55% to Rs 156.96 crore. Scaffolding, drum closures and yarn each recorded higher revenue and segment results during the quarter.

How did Technocraft perform in Q2 2026?

Technocraft recorded Rs 935.18 crore of revenue from continuing operations in Q2 2026, compared with Rs 725.38 crore in Q2 2025 and Rs 783.22 crore in Q1 2026. Total income, which includes other income, rose to Rs 960.95 crore from Rs 745.57 crore a year earlier, while total expenses increased to Rs 803.99 crore from Rs 644.63 crore.

Profit before tax from continuing operations was Rs 156.96 crore, against Rs 100.95 crore in Q2 2025, although it was below Rs 177.35 crore in the preceding quarter. Net profit from continuing operations rose to Rs 117.91 crore from Rs 78.92 crore, while net profit including the discontinued fabric operation increased to Rs 119.06 crore from Rs 79.17 crore.

Which Technocraft segments drove quarterly growth?

Technocraft's scaffolding division remained the largest continuing-operation revenue contributor, with Q2 2026 revenue of Rs 502.94 crore, compared with Rs 401.96 crore a year earlier. Its segment result, measured after depreciation but before finance cost, tax and exceptional items, rose to Rs 83.23 crore from Rs 56.67 crore.

The drum closures division reported revenue of Rs 204.23 crore, up from Rs 155.34 crore, and its segment result rose to Rs 79.01 crore from Rs 51.53 crore. Yarn revenue increased to Rs 123.39 crore from Rs 95.30 crore, while its segment result more than doubled to Rs 11.38 crore from Rs 4.45 crore.

Engineering and design revenue increased to Rs 78.85 crore from Rs 67.32 crore, with its segment result rising to Rs 10.84 crore from Rs 9.19 crore. Garment revenue was Rs 27.81 crore against Rs 20.42 crore, but its segment loss widened to Rs 6.07 crore from Rs 3.60 crore.

What do Technocraft's half-year results show?

Technocraft generated Rs 1,718.40 crore in revenue from continuing operations for the half year ended 30 September 2026, compared with Rs 1,335.43 crore in the corresponding 2025 period. Profit before tax from continuing operations rose to Rs 334.31 crore from Rs 210.29 crore, an increase that exceeded the revenue growth rate.

Net profit from continuing operations for the six months was Rs 257.43 crore, up from Rs 162.57 crore in the prior-year period. Including discontinued operations, net profit was Rs 256.81 crore compared with Rs 161.51 crore, as the fabric operation reported a half-year loss after tax of Rs 0.61 crore versus a Rs 1.06 crore loss a year earlier.

Scaffolding delivered Rs 908.02 crore in first-half revenue and a Rs 152.06 crore segment result, compared with Rs 710.41 crore and Rs 93.64 crore respectively in the prior-year half. Drum closures reported Rs 401.41 crore of revenue and Rs 164.49 crore of segment result, while yarn contributed Rs 218.30 crore in revenue and Rs 17.54 crore in segment result.

Why is Technocraft reporting fabric separately?

Technocraft discontinued fabric manufacturing at its Murtbad plant in Thane district, Maharashtra, effective 20 July 2026, resulting in closure of the fabric business. Until the quarter ended 30 June 2026, the group had reported fabric and garment activities together within a single fabric segment.

Technocraft has since separated fabric and garment into individual segments, classifying fabric as a discontinued operation under Indian Accounting Standard 105, or Ind AS 105. It restated or reclassified earlier-period segment revenue, results, assets and liabilities to match the new presentation and support comparability.

Fabric revenue after inter-segment elimination was Rs 4.76 crore in Q2 2026, down from Rs 26.62 crore in Q2 2025 and Rs 21.75 crore in Q1 2026. The discontinued operation reported profit before tax of Rs 1.55 crore in Q2 2026, after a Rs 2.39 crore loss before tax in Q1 2026, while the continuing garment division reported a Rs 6.07 crore segment loss.

What changed in Technocraft's balance sheet and cash flow?

Technocraft's total assets were Rs 3,598.78 crore at 30 September 2026, compared with Rs 3,249.33 crore at 31 March 2026. Current assets increased to Rs 2,209.17 crore from Rs 1,902.41 crore, including inventories of Rs 882.78 crore, trade receivables of Rs 802.30 crore and cash and cash equivalents of Rs 250.06 crore.

Total equity rose to Rs 2,278.15 crore at 30 September from Rs 2,066.34 crore at 31 March. Current borrowings increased to Rs 751.89 crore from Rs 651.18 crore, while non-current borrowings declined to Rs 147.39 crore from Rs 167.91 crore over the same period.

Net cash inflow from operating activities was Rs 142.10 crore in the half year ended 30 September 2026, compared with Rs 145.24 crore in the prior-year half. Investing activities used Rs 57.55 crore, against an outflow of Rs 63.24 crore a year earlier, while financing activities generated Rs 5.42 crore after a Rs 97.01 crore outflow in the corresponding period.

Conclusion

Technocraft's Q2 2026 results show that revenue growth in scaffolding, drum closures and yarn translated into a faster rise in consolidated profit before tax. Continuing-operation revenue rose 29% to Rs 935.18 crore and profit before tax rose 55% to Rs 156.96 crore, although profit before tax was below the Rs 177.35 crore reported in Q1 2026.

The next results will show the effect of the fabric-business closure, which took effect on 20 July 2026, on the separately disclosed discontinued fabric operation and continuing garment segment. Technocraft's subsequent disclosures will also indicate whether the increase in inventories to Rs 882.78 crore and trade receivables to Rs 802.30 crore changes operating cash generation.