Msafe Equipments Ltd (544695) — concall transcript | 30 June 2026

Msafe Equipments reported strong Q1 FY27 growth with revenue at ₹31.79 crores (+40% YoY) and net profit at ₹7.27 crores (+44.31% YoY), driven by rental business contributing 46% of revenue with 47% EBITDA margins. Management highlighted capacity expansion plans for aluminum and steel scaffolding, targeting ₹15 crores and ₹100 crores annual revenues respectively, and confirmed a ₹150 crore revenue target for FY27 with potential to reach ₹175 crores. Capex of ₹8 crores was spent in Q1, with additional ₹3-4 crores planned for aluminum scaffolding capacity. The integrated Kosi Kotwan facility in Mathura is under construction for May 2027 operationalization, while formwork production is delayed to September but expected to contribute ₹30-40 crores to FY27 revenue.