Technocraft Industries (India) Limited has released the transcript of its conference call held on May 29, 2026. The call discussed the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The management, including Director and CEO Mr. Navneet Kumar Saraf, Director and CFO Mr. Ashish Kumar Saraf, and Group CFO Mr. Anil Gadodia, engaged in a question-and-answer session with analysts. Key discussions included the outlook for FY27 across various segments like drum closures, scaffolding, and engineering. The company noted strong momentum in the U.S. scaffolding business, driven by infrastructure investments, and stable demand for drum closures. They also addressed raw material price volatility, particularly for steel and aluminum, and their ability to pass on costs due to backward integration. Regarding the engineering vertical, the company highlighted its investment in AI to create new services and products, acknowledging that this investment might lead to slower bottom-line growth compared to top-line growth. The Mach One segment experienced softer volumes due to delays in real estate project execution in India, though the order book remains strong. The company also discussed its European scaffolding business, noting a small contribution but awaiting market recovery. Tariffs on scaffolding and drum closures in the U.S. were discussed, with the company indicating they are now able to pass these costs to customers. Discussions also covered capacity utilization, with formwork extrusion at 100%, scaffolding around 90%, and Mach One at 60-70%. Plans for minor capacity increases through debottlenecking and a second phase of expansion for aluminum formwork were mentioned. The textile division, including yarn and garments, is focused on reducing losses, with yarn showing improved margins at the EBITDA level.
