Ratnaveer Precision Engineering Posts 35.5% Revenue Growth as CCL Plant Reaches 75% Completion

Ratnaveer Precision Engineering Limited reported Q2 FY27 revenue from operations of ₹387.24 crore, up 35.5% from ₹285.87 crore a year earlier, and said its new CCL plant is about 75% complete. The Tribune reported the unaudited results for the quarter ended September 30, 2026, alongside the capacity expansion update.

Ratnaveer's Q2 FY27 Profit and Margin Gains

Profit after tax rose 56.1% to ₹24.10 crore from ₹15.43 crore, and EBITDA grew 38.9% to ₹42.16 crore from ₹30.35 crore. The EBITDA margin was 10.89%, compared with 10.62% a year earlier, and the PAT margin was 6.22%, compared with 5.40%.

For the half year ended September 30, 2026, revenue from operations was ₹701.87 crore, up 27.5% from ₹550.49 crore. H1 EBITDA was ₹78.14 crore, up 35.5% from ₹57.15 crore, and H1 profit after tax was ₹42.33 crore, up 39.4% from ₹30.38 crore. The H1 EBITDA margin was 11.13% and the PAT margin was 6.03%.

CCL Plant Machinery and Trial Run Schedule

Machinery installation and the establishment of supporting utilities are the main remaining activities before trial operations can begin at the CCL plant. Machinery delivery is expected by mid-November 2026, a schedule the company said has slipped slightly because of port connectivity constraints and a shortage of shipping containers amid global uncertainty.

After the machinery arrives, the company plans to complete installation and set up the required utilities. Trial runs are expected to commence by December 20, 2026, with a trial period of about one month focused on equipment performance and operational readiness.

Ratnaveer's Rights Issue and CCL Approvals

According to akta.pro company records, the board approved raising up to Rs 330 crore through a rights issue of equity shares of Rs 10 face value to fund future growth plans. The records also show that the Ministry of Electronics and Information Technology approved the company's application under the Electronics Component Manufacturing Scheme to establish a fully integrated Copper Clad Laminates manufacturing facility, with an approval letter received from Minister Ashwini Vaishnaw on March 30, 2026.

Earlier CCL Milestones at Ratnaveer

In September 2026, The Tribune reported that the CCL project was advancing toward commercialisation, with order bookings expected to start October 31, 2026, and that the company had completed a Rs 329.99 crore rights issue. In August 2026, ET NOW reported that management projected the new CCL business could generate approximately ₹750 crore in revenue at 69% utilisation.

What Comes Next for the CCL Plant

Ratnaveer's own announcement sets machinery delivery for mid-November 2026 and trial runs to begin by December 20, 2026. The company targets trial production in December 2026 and inauguration in January 2027, according to The Tribune's September 2026 report.