Diffusion Engineers

Diffusion Engineers delivered a strong Q3 FY26 with consolidated revenue of ₹182.4 croreCurrent reported value: ₹182.4 crore. No comparable prior figure is available in the source record. (+27.3Current reported value: 27.3. No comparable prior figure is available in the source record.% YoY) and PAT of ₹12.0 croreCurrent reported value: ₹12.0 crore. No comparable prior figure is available in the source record. (+69.1Current reported value: 69.1. No comparable prior figure is available in the source record.% YoY), driven by robust demand from cement, steel, and power sectors. EBITDA margin remained stable at 13.39%Current reported value: 13.39%. No comparable prior figure is available in the source record. despite high capacity utilization (~85%Current 85%. Reported change: N/A.). The order book stands at ~₹200 croreCurrent ~₹200 crore. Reported change: N/A., providing good visibility. Management guided for double-digit revenue growth in FY27, accelerating to ~25% as new capacities (electrode plant commissioned, heavy engineering facility by FY26-end) come online. Medium-term EBITDA margin target is 15-16% with asset turnover of 3-3.5x on ₹100 crore capex, aiming for ₹600-700 crore revenue by FY28-29. A strategic 10% stake in Torup Sun Systems (defence) adds optionality. Key risk: raw material price volatility (tungsten up 300%) could pressure near-term margins.