Macpower CNC Machines Limited reported revenue of INR 861.5 million for the third quarter of FY26, up 43 percent year-on-year, alongside growth in its pending order book and progress on a new manufacturing facility. The company said the upcoming plant is expected to support higher production capacity and margin expansion.
The company said in a stock exchange filing that EBITDA rose to INR 155.8 million in Q3 FY26, up 99 percent year-on-year, with margins at 18.08 percent. Profit after tax increased 119 percent year-on-year to INR 97.9 million, with a margin of 11.37 percent.
“In Q3 FY26, the company delivered its highest ever quarterly performance in history of Macpower in terms of EBITDA, in terms of the PAT, in terms of the revenue,” said Rupesh Mehta, Chairman and Managing Director, during the post-earnings conference call.
The pending order book increased 17 percent to INR 3.75 billion. The company has submitted domestic bids worth INR 6.39 billion and defence and aeronautics bids worth INR 3.19 billion, taking the total bid pipeline to INR 9.58 billion. Mehta said the average conversion ratio for tenders is around 10 percent.
Macpower has paid a primary token advance for new land and received 18 regulatory approvals, with agreement signing pending a state policy update. The proposed facility is expected to support 2,500 machines in phase one, with potential to scale to 10,000 machines over five years.
To manage near-term space constraints, the company has leased 10,000 square feet of industrial space and is in discussions to secure an additional 50,000 to 100,000 square feet on a rental basis. The interim expansion is intended to support production until the new plant becomes operational.
Capital expenditure for the first nine months of FY26 increased to INR 124.1 million from INR 78.1 million in the previous year period. The company said depreciation increased by INR 10 million during the period due to higher capital expenditure.
The company is targeting EBITDA margins of 25 percent once the new plant becomes fully operational. “We are trying to achieve the 25% EBITDA with the new plant capacity and new investment in new backward integration,” Mehta said.
Product mix is shifting towards higher-value machines, with Nexa products accounting for 39 percent of the order book. During the quarter, the company launched three new models, including the DCM 4222 double column machine with an approximate value of INR 20 million, a Turn-Mill Centre with Y-axis priced at around INR 10 million, and the GX 100 Super.
Average machine realisation increased to nearly INR 2.0 million from INR 1.828 million a year earlier. Mehta said realisations could increase by 10 to 20 percent in the next financial year as the share of higher-value machines rises.
Macpower is in advanced discussions with five European companies for technology transfer arrangements linked to its upcoming facility. “It is like a technology transfer and buyback systems,” Mehta said, adding that the company plans to manufacture certain machines for Asian markets under a royalty-based structure once the new land is secured.
Macpower CNC Machines Limited is an India-based manufacturer of CNC machine tools serving automotive, defence, aerospace and general engineering sectors.
