Technocrats Plasma Systems Ltd (TECHNOCRAT) Q2FY27 Concall Transcript - Sep-2026 Qtr
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Moderator: Ladies and gentlemen, you have been connected to the Technocrats Plasma Systems Limited H1 FY '27 earnings conference call. Please stay connected, the call will begin shortly.
Moderator (Captialbridge Advisors Services Private Limited): Ladies and gentlemen, good day, and welcome to Technocrats Plasma Systems Limited H1 FY '27 Earnings Conference Call, hosted by Captialbridge Advisors Services Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero, on your touch-tone phone. Please note, that this conference is being recorded. This conference may contain forward-looking statements about the company which are based on beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of the future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Arun Kumar from Technocrats Plasma Limited. Thank you, and over to you, sir.
Arun Kumar (Technocrats Plasma Systems Ltd): Thank you. My name is Arun Kumar, I am Managing Director of Technocrats Plasma Systems Limited.
Arun Kumar (Technocrats Plasma Systems Ltd): Good evening to everyone. Thank you for joining us for the maiden earnings call of Technocrats Plasma Systems Limited. We hope you have had an opportunity to review our H1 FY27 financial results and investor presentation, which have been made available on the stock exchange. Joining me today are Ms. Amisha Sharma, Chief Executive Officer and Executive Director, and Ms. Vandana Sharma, Chief Financial Officer, along with Mr. Riddhi Jhaveri from Captial Bridge Advisors, of all our investor relations consultants. I would like to begin by giving a brief overview of Technocrats Plasma Systems Limited and the journey that has brought us to where we are today. At Technocrats Plasma Systems, our journey of over three decades has been built on engineering excellence, innovation and strong understanding of our customers' evolving needs. Since our incorporation in 1994, we have established ourselves as a trusted name in plasma cutting and welding technology, progressively expanding our capabilities to address increasingly complex fabrication and automation requirements. Today, we are an engineering-led manufacturer, offering a comprehensive range of cutting, welding and customized automation solutions, supported by in-house design, manufacturing, installation, and commissioning capabilities. Our integrated approach enables us to deliver turnkey projects, execution, operator training, lifecycle support, retrofit services. We serve a diversified customer base across automotive, infrastructure, power, railway, defense, ONGC, oil and gas, and heavy engineering, catering to domestic and select international markets. Over the years, we have continued to evolve our product portfolio with technology such as CNC profile cutting system, fiber laser cutting machines, inverter-based welding systems, and advanced automation solutions. Going forward, our focus is to strengthen our core business while expanding into higher-value and technology-led opportunities across laser technology, welding automation, and specialized plasma applications. With our established established engineering expertise, in-house capabilities, and long-standing customer relationships, we believe we are we are well-positioned to capitalize on emerging opportunities and create sustainable long-term value for our stakeholders. Now, onto operational highlights. Moving to operational highlights, we have continued to build our capacity to support the growing demands of our
Moderator (Captialbridge Advisors Services Private Limited): Sorry to interrupt you, sir, but your voice is not clear.
Arun Kumar (Technocrats Plasma Systems Ltd): Okay. Hello, now is it clear? Our current capacity utilization is stand at approximately 75% with 95 customers served during H1 FY27 across our key end markets. The proposed manufacturing facility is progressing as planned, with the company targeting consolidation of significant majority of its manufacturing activities under one roof under under one roof. We are currently in the land identification phase. Rented facility expansion to 20,000 square feet. Commercial production at the new rented facility will begin in December 2026, and the old 4,000 square feet rented will be will be started to rented will be, in fact, surrendered. Okay. This is five times larger space. We are also making progress on our technology transfer initiative with RRCAT and BARC.
Moderator (Captialbridge Advisors Services Private Limited): I'm sorry to interrupt you, sir, but your audio is not clear. I'll reconnect you again.
Arun Kumar (Technocrats Plasma Systems Ltd): Yes.
Moderator (Captialbridge Advisors Services Private Limited): Thank you for patiently holding. Management line has been reconnected.
Arun Kumar (Technocrats Plasma Systems Ltd): So I will start from operational highlights for everyone. Moving to operational highlights, we have continued to build our manufacturing and execution capabilities to support the growing scale of our operations. Our current capacity utilization stands at approximately 75% with 95 customers served during H1 FY27 across our key end markets. The proposed manufacturing facility is progressing as planned with the company targeting consolidation of a significant majority of its manufacturing activities under one roof. We are currently in the land identification stage. In the meantime, we have rented a facility of 20,000 square feet for commercial production at a new rented facility will and the new rented facility will begin in December 2026. And old 4,000 square feet rented will be surrendered in the month of December. This is five times larger space. We are also making progress on our technology transfer initiatives with RRCAT and BARC. The RRCAT initiative is focused on indigenous fiber laser source technology, with the initial applications being explored in the defense segment, while BARC initiative is focused on plasma gasification and its potential application across areas such as e-waste, municipal solid waste, and coal gasification. We have identified a a PhD level engineer for RRCAT project, who will be leading the project. Current order stands at approximately 60 ₹60 crores, will will can be and can be executed in the second half FY27. We have participated in Weldex Moscow exhibition and IFAT 2026, which was focused for gasifiers. Now I would like to pass it on to Mrs. Miss Amreesha Sharma, the executive director, to take it on.
Amreesha Sharma (Technocrats Plasma Systems Ltd): A very good evening to everybody. This is Amreesha Sharma. I would like to take the take forward the rest of the call. Starting with the IPO proceeds, we successfully completed our SME IPO during the year, raising approx-
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