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Revenue
₹34 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Unimech reported Q3 FY26 revenue of ₹34 cr, sharply down from ₹61 cr in Q2, with PAT of ₹2.4 cr and EBITDA margin of 4.6%. The miss was driven by a temporary slowdown in aero tooling due to elevated US tariffs (since reduced from 50% to 18%) and seasonal December effects. Management emphasized the weakness was not structural, citing a record order book of ₹210 cr (including ₹68 cr nuclear) and ₹30 cr of finished goods ready for shipment. Guidance targets surpassing last year's revenue of ₹240 cr for FY26, with Q4 expected to recover to ₹90-100 cr. Key risks include delays in FTWZ regulatory approvals and slower-than-expected order conversion in precision components.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets surpassing last year's revenue of ₹240 cr for full year FY26, implying Q4 revenue of ~₹81 cr.
- Expect Q4 revenue between ₹90-100 cr, driven by order book conversion and FTWZ operationalization.
- Full-year EBITDA margin expected at 25% level, implying strong margin recovery in Q4.
- JV with Yusuf bin Ahmed Kanoo Group targets $30M revenue by year 5 with 35% EBITDA margin and 20% PAT margin.
Risks flagged
- FTWZ facility is complete but awaiting regulatory approvals; any delay could impact revenue recognition and customer inventory buildup.
- Precision component segment has long qualification cycles; revenue contribution may take longer to materialize, as noted in analyst Q&A.
- 95% of exports go to US; despite tariff reduction, any future trade disruptions could impact revenue. Management acknowledged need to reduce US exposure.
- Working capital usage increased to ₹70 cr from ₹50 cr QoQ; management expects it to stabilize at 150-160 days, but further buildup could pressure cash flows.
Key quotes
- The softness witnessed in the business was never structural. The elevated tariffs had temporarily pushed customers to move from inventory-led procurement to essential drop shipment only ordering.
- We are expecting a decent business in the coming quarter and targeted to surpass the revenue of last year 240 crores.
- While we will push the throttle in the current industry, it has also taught us that diversification is the right strategy whether it is industry or geography.
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