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Ratnaveer Precision Engineering reports 22% Q1FY27 PAT growth to ₹182.37 crore

AI Market Summary
Ratnaveer Precision Engineering posted strong Q1FY27 results (PAT +22% YoY, revenue +18.9%) and advanced its ₹338 crore copper clad laminate expansion, backed by in-principle approvals for a ₹330 crore rights issue and an upgraded credit rating. The CCL project targets import substitution in India, implying incremental domestic copper consumption and modestly supportive near-term sentiment for copper-linked pricing.
Impact level
● Low
Affected assets
NCCO724COPPER2USD/USDT+0.49%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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Ratnaveer Precision Engineering said profit after tax rose 22% year on year to ₹182.37 crore in the first quarter of FY27, as revenue from operations climbed 18.9% to ₹3,146.35 crore. The Vadodara-based stainless steel maker is funding a ₹338 crore Copper Clad Laminate (CCL) project that is 60% complete and scheduled for commercial commissioning in November 2026. Its board approved the unaudited results, while NSE and BSE granted in-principle approvals for a proposed rights issue of up to ₹330 crore and Infomercials upgraded the company’s credit ratings.
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