Megatherm Induction Limited — Investor Meet, 15-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Megatherm Induction's H1 FY26 saw revenue from operations at approximately ₹159 Cr. While H1 is typically slow for capital goods, the company focused on margin improvement, increasing EBITDA and EPS despite higher HR/marketing costs.

Management targets ₹600 Cr top line in 24-30 months, growing to ₹950-₹1000 Cr in 4-5 years, with transformers contributing significantly. The current order book is ₹430 Cr, with ₹260 Cr carrying over to FY27. Key growth drivers include domestic transformer sales, with major approvals secured, and global induction product exports through strategic partnerships and a US JV. The company emphasizes energy efficiency, quick service, and backward integration as competitive strengths. Management expressed confidence in achieving targets, seeing time for initial approvals as the main risk.