Nitiraj Engineers LimitedQ1 FY27 Results & Financial Update

Nitiraj Engineers Limited: Q1 FY27 standalone results and company financials – revenue ₹18.84 Cr, PAT ₹1.02 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: NITIRAJPublished 25 Sep 2026Reported 13 Aug 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Revenue from operations change+78.8%Year-on-year
Profit after tax₹1.02 CrReported Q1 FY27
Sequential change+130.4%Quarter-on-quarter

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Quarterly Results AnalysisExplore Nitiraj Engineers Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

During the quarter ended June 30, 2026, Nitiraj Engineers Limited registered a strong operational turnaround, reporting revenue from operations of INR 18.84 crore, representing a robust sequential and year-on-year expansion compared to preceding periods.

02

Total income for the quarter stood at INR 19.10 crore, inclusive of INR 0.26 crore in other income, reflecting healthy top-line demand across the company's core product segments.

03

The company successfully swung back to profitability during the quarter, posting a Profit Before Tax (PBT) of INR 1.40 crore and a Profit After Tax (PAT) of INR 1.02 crore, recovering strongly from net losses reported in the preceding quarter ended March 31, 2026.

04

Basic and diluted earnings per share (EPS) for Q1 FY27 recovered to INR 1.00 per share, moving up from negative territory in the previous sequential quarter.

05

On the regulatory and strategic front, the company achieved a major milestone during the quarter by securing the Type Certificate from the Directorate General of Civil Aviation (DGCA) on June 9, 2026, for its agricultural drone model 'NADR10'.

06

Despite obtaining manufacturing approval for its Unmanned Aircraft System and RPTO activities, management noted that no substantial income or expenditure was attributable to these new drone segments during the quarter, confirming that the company continues to operate within a single reportable business segment under Ind AS 108.

07

During the quarter ended June 30, 2026, Nitiraj Engineers Limited posted a strong sequential and year-on-year recovery in revenue from operations, reaching INR 18.84 crore compared to INR 8.18 crore in the preceding quarter and INR 10.54 crore in the corresponding period of the previous year.

01 · Business model

What does Nitiraj Engineers do?

Nitiraj Engineers Limited is engaged in the manufacturing of industrial electrical equipment, electronic weighing scales and systems, electronic currency counting machines, and home automation products.

The company operates through its registered office in Mumbai, a corporate office and works located in Dhule, Maharashtra, along with multiple branch offices across various states including Chhattisgarh, Maharashtra, and Odisha.

Expanding beyond traditional weighing and measuring devices, the company has diversified into new aviation verticals, specifically establishing capabilities for Remote Pilot Training Organisation (RPTO) and Unmanned Aircraft System (Drone) activities.

02 · Financial snapshot

Current quarter vs the two useful baselines

MetricQ1 FY27Year-agoPrevious quarter
Revenue from operations₹18.84 Cr₹10.54 Cr₹8.18 Cr
Total income₹19.10 Cr₹10.90 Cr₹8.55 Cr
Profit before tax₹1.40 Cr₹-0.43 Cr₹-0.85 Cr
Profit after tax₹1.02 Cr₹-0.32 Cr₹-0.64 Cr
EPS₹1.00₹-0.32₹-0.62

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 5.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 7.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.26 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Core Product Demand

Revenue from operations improved to INR 18.84 crore during Q1 FY27, supported by higher uptake across industrial electrical equipment and weighing systems.

Operational Scale-up

Revenue from operations increased significantly to INR 18.84 crore in Q1 FY27 from INR 8.18 crore in Q4 FY26 and INR 10.54 crore in Q1 FY25.

What drove margins

Material Consumption and Inventory Changes

Cost of materials consumed stood at INR 11.25 crore during the quarter, offset by a positive inventory adjustment of INR 1.10 crore for finished goods and work-in-process.

Employee and Operating Expenses

Employee benefits expense was reported at INR 1.57 crore, while other expenses stood at INR 5.17 crore for the quarter.

04 · Reported developments

What changed operationally

Return to Profitability

The company swung back to a net profit of INR 1.02 crore in Q1 FY27 after reporting net losses in the previous quarter.

Regulatory Clearance for Drones

Secured official DGCA certification for the 'NADR10' agricultural drone, marking a key milestone in the company's diversification into unmanned aerial systems.

Return to Profitability

The company reported a positive net profit of INR 1.02 crore for the quarter, recovering from net losses in preceding periods.

DGCA Certification for Drone

Obtained Type Certificate for the 'NADR10' agricultural drone from the Directorate General of Civil Aviation.

05 · Beyond the numbers

What changed beyond the numbers

Reported update

Internal and Cost Auditor Appointments

The Board approved the appointment of M/s Agrawal Kucheriya & Co as Internal Auditor and M/s Cheena & Associates as Cost Auditor for FY 2026-27.

06 · Key Q&A

The quarter, answered directly

What does Nitiraj Engineers do?

Nitiraj Engineers Limited is engaged in the manufacturing of industrial electrical equipment, electronic weighing scales and systems, electronic currency counting machines, and home automation products.

What is the clearest takeaway from Q1 FY27?

During the quarter ended June 30, 2026, Nitiraj Engineers Limited registered a strong operational turnaround, reporting revenue from operations of INR 18.84 crore, representing a robust sequential and year-on-year expansion compared to preceding periods.

What drove revenue or demand?

Revenue from operations improved to INR 18.84 crore during Q1 FY27, supported by higher uptake across industrial electrical equipment and weighing systems.

What mattered most for margins or profitability?

Cost of materials consumed stood at INR 11.25 crore during the quarter, offset by a positive inventory adjustment of INR 1.10 crore for finished goods and work-in-process.

What changed operationally beyond the headline numbers?

The Board approved the appointment of M/s Agrawal Kucheriya & Co as Internal Auditor and M/s Cheena & Associates as Cost Auditor for FY 2026-27.

What should the next disclosure help confirm?

Monitor commercial production and revenue generation from the newly certified 'NADR10' agricultural drone and RPTO operations in upcoming quarters.

07 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

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Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
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Profit change vs base₹0 cr (0%)
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

08 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Commercialization of Drone Segment: Monitor commercial production and revenue generation from the newly certified 'NADR10' agricultural drone and RPTO operations in upcoming quarters.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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