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Rossell Techsys revenue increased by 77.1% YoY

ICICIdirect Research 29 Jul 2026 DISCLAIMER

News: Rossell Techsys revenue increased by 77.1% YoY (+8.7% QoQ) to ₹154.5 crore in Q1FY27. EBITDA margin improved by 32 bps YoY (+301 bps QoQ) to 14.4%, leading EBITDA to increase 81.2% YoY (+37.5% QoQ) to ₹22.2 crore. PAT more than doubled, increasing 116.5% YoY (-5.1% QoQ) to ₹7.1 crore, supported by healthy operating leverage.

View: Operational performance remained strong during the quarter, supported by healthy execution across aerospace & defence, semiconductor and space programmes, along with operating leverage benefits. Management continues to witness robust demand visibility across its key businesses and had earlier guided FY27E revenue growth at 80%+ YoY, which appears achievable considering the strong Q1 performance. During the quarter, the company secured ₹240 crore of new orders and submitted bids worth ₹350 crore, taking the order book to ~₹800 crore (1.6x FY26 revenue). The company has also onboarded a major global semiconductor customer, expanded its manufacturing capacity with an additional facility in Bengaluru (operational in H2FY27), and continues to strengthen its qualification base across global aerospace and defence programmes. We believe EBITDA margin would also improve going forward led by space, semiconductor and MRO business along with increasing share of BTS orders.

Impact: Positive

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