Thaai Casting Limited Records INR 62.25 Crore Consolidated Revenue in H1 FY26 with 16% YoY Growth

Chennai (Tamil Nadu) [India], November 17: Thaai Casting Limited (NSE Emerge: TCL | INE0QJL01014), specialising in High Pressure Die Casting (HPDC), Induction Hardening and Gas Nitriding, Precision Machining of Ferrous and Non-Ferrous Materials, Gear Shaping, and Heavy Machining, has announced its unaudited financial results for H1 FY26.

Standalone Key Financial Highlights

Consolidated Key Financial Highlights

Precision That Powers Progress

From vehicles on the road to machinery that drives industries, every component crafted at Thaai Casting reflects precision, innovation, and trust. The first half of FY26 continued to showcase this commitment — with new long-term contracts, capacity optimization, and diversification across critical manufacturing sectors.

Duringthe period,theCompanysecuredtwomajordomesticorders:

• ₹126.53 crore for the supply of various automotive and non-automotive components, to be executed over the next 60–80 months, and
• ₹12.43crore for building andconstructionhardwarecomponents,to be executedover thenext36–48 months.

Theseorders enhanceThaaiCasting’s visibility and underlineits reliability as a trustedprecision engineering partner to leading OEMs and Tier-1 suppliers.

Strategic and Financial Highlights

• H1 FY26 saw consistent operations with strong utilization of ~75–80% across casting and machining capacities.
• TheCompanycontinuesto strengthenits core verticals— High PressureDie Casting(HPDC), Precision Machining (Ferrous & Non-Ferrous), Induction Hardening, and Gas Nitriding.
• ThaaiCasting’sfocusremainslargelydomestic,withexportsplannedtobegin nextyear.
• Capexcontinuesto be strategicallydeployed to enhanceautomation,expandmachining capacity,andstrengthen backward integration.

Foundation for Future Growth

In September 2025, the Board of Directors approved the allotment of securities on a preferential basis as part of the Company’s growth and capacity expansion plan:

• EquityShares:Allotted12,11,837EquityShares,raising ₹12,23,95,537.
• ConvertibleWarrants:Issued15,00,000ConvertibleEquityShareWarrants at₹101perwarrant. TheCompany received ₹3.78 crore in the first tranche (25% of the total issue price), with the balance payable upon conversion within 18 months.
• Compulsorily Convertible Debentures (CCDs): Allotted 15,30,963 Unsecured 12% CCDs, raising ₹15,46,27,263, each convertible into one equity shares within 18 months from allotment.
• Totalproceedsraised:₹31,48,97,800.
• This capital infusionstrengthens TCL’s financial flexibility to supportcapacity expansion, technology upgrades, and automation-driven efficiency improvements.

Commenting on the performance, Mr. Anandan Sriramulu, Chairman and Managing Director of Thaai Casting Limited said “Every milestone we achieve is not just a business success—it’s a reflection of our purpose: to make Indian engineering globally respected for its precision, reliability, and strength. From our humble beginnings as a die-casting unit to becominga diversified engineering solutionsprovider,our journeyhas been powered by trust, innovation, and perseverance.

For consolidated H1 FY26, our revenue was ₹62.25 crore, showing a 16.43% growth YoY. EBITDA increased 12.59% to ₹16.33 crore, and Net Profit rose 14.93% to ₹6.18 crore, reflecting steady operational performance and consistent profitability.

As we continue to grow across new applications and industries, our focus remains unwavering—creating components that power progress. The Company’s long-term strategy focuses on achieving sustainable growth, adopting Industry 4.0 automation, and progressively moving toward carbon-neutral operations through renewable energy integration.”

AboutThaaiCastingLimited

Established in 2011, Thaai Casting Limited has evolved from a specialized die-casting unit into a comprehensive engineering solutions partner. The company’s expertise spans High Pressure Die Casting (HPDC), Induction Hardening and Gas Nitriding, Precision Machining of Ferrous and Non-Ferrous Materials, Gear Shaping, and Heavy Machining — enabling it to deliver end-to-end solutions for diverse industrial requirements.

Its portfolio includes engine and transmission parts, EV battery enclosures, steering assemblies, planetary gears, and windmill gearbox components — all mission-critical and performance-driven. Thaai Casting is certified under ISO/IATF 16949:2016 and multiple global standards, ensuring the delivery of high-quality, reliable components for the automotive and renewable energy sectors.

The company operates a state-of-the-art facility in Tamil Nadu, equipped with advanced CNC and VMC machining systems, SCADA-enabled processes, and one of India’s largest gas nitriding furnaces. Trusted by leading OEMs and Tier-1 suppliers such as Hyundai, Kia, Maruti Suzuki, and Tata Motors, Thaai Casting is recognized as a preferred partner in precision manufacturing.

Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.