Diffusion Engineers reported strong H1 FY26 consolidated PAT of Rs. 22.43 Cr (+42.14% YoY) on revenue of Rs. 164.23 Cr (+6.96% YoY). Q2 revenue saw flat growth, primarily due to long lead times for heavy engineering orders which will contribute in Q3/Q4. The company holds a robust order book of ~Rs. 209 Cr, with Rs. 130 Cr slated for FY26 execution. Management aims to double top-line in 3-4 years, targeting mid-to-late teens growth for FY26 and 20-25% for FY27. Capacity expansions at Nimji and B33 are on track, with a shift to high-value heavy engineering and wear parts expected to boost EBITDA margins to 15-17%. Management remains confident on demand and growth.