ASM Technologies Ltd
ASM Technologies Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY26 call signalled
2 of 4 strong
Not discussed on this call: order book.
The short version
Manufacturing business has strong visibility for the next 18-24 months with ongoing design, engineering, prototyping, and qualification processes supporting sustained momentum. ASM Technologies expects continued growth momentum in both its Design-Led Manufacturing (DLM) and Engineering R&D (ER&D) verticals over the medium term. - They have 18-24 months forward visibility on orders, reflecting sustained demand rather than one-off spikes. - Incremental capacity additions from new manufacturing plants and facilities, including Rs.
From ASM Technologies Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Manufacturing business has strong visibility for the next 18-24 months with ongoing design, engineering, prototyping, and qualification processes supporting sustained momentum.
- New Manufacturing plants expected to start contributing from Q4 FY '26, with CAPEX deployments phased over coming years leading to incremental revenue recognition.
- Services revenue, though lumpy, is expected to grow steadily in upcoming quarters as fixed projects complete and new work ramps up.
- Expansion of Design Led Manufacturing (DLM) capacity with new facilities coming online by end of 2025 and early 2026 will enable significant scaling in manufacturing volumes and revenues.
- Employee count expected to grow proportionately with business scale-up, supporting both manufacturing and ER&D segments.
- Continuous customer diversification across geographies and product lines will aid growth.
- Solar business primarily focused on India, expected to scale in line with market expansion.
- Aerospace and medical device related engagements are progressing with expectation of scaling in coming years.
Profitability & Margins
See what ASM Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- ASM Technologies has announced a substantial CAPEX plan totaling Rs. 760-750 crores over the medium term.
- The investment is planned in three phases over the next 18-24 months, with Rs. 300-500 crores allocated for new manufacturing plants starting by Q4 FY '26.
- Current CAPEX deployment includes Rs. 30-35 crores expected during FY '26, with potential increase depending on land allotment.
- The company is acquiring land and finalizing applications for government incentives (approx. 25% central + 25% state) to support the CAPEX.
- Financing will be a mix of debt, accruals, government incentives, and possibly some equity, with details to be evaluated as phases progress.
- Separate plant for the solar equipment segment is planned and expected to start deliveries later in 2025 or early 2026.
- New facilities in Karnataka and Tamil Nadu aim to enhance ER&D and DLM precision engineering capacities to support growth.
Fundraising & Capital Structure
See what ASM Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- ASM Technologies has visibility of orders for the next 18-24 months, indicating a strong and sustained order book.
- The orders cover both their Design-Led Manufacturing (DLM) and Engineering R&D (ER&D) segments.
- The order pipeline includes continuous qualification processes, with ongoing engagement to qualify newer parts, products, and systems.
- Management highlighted a robust momentum in Manufacturing, with growing business and no signs of one-off large orders; the current run rate is expected to sustain.
- The company expects incremental revenue from new manufacturing capacities coming online from Q4 FY '26 onwards.
- They have a medium-term CAPEX plan of Rs. 760 crores to scale operations, which would help meet increasing order demands over three phases.
How does ASM Technologies Ltd rank vs peers in IT - Software?
Pro featureASM Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹135 Cr, net profit ₹17 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
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Frequently Asked Questions
What were ASM Technologies Ltd Q2 FY26 results?
Manufacturing business has strong visibility for the next 18-24 months with ongoing design, engineering, prototyping, and qualification processes supporting sustained momentum. ASM Technologies expects continued growth momentum in both its Design-Led Manufacturing (DLM) and Engineering R&D (ER&D) verticals over the medium term. - They have 18-24 months forward visibility on orders, reflecting sustained demand rather than one-off spikes. - Incremental capacity additions from new manufacturing plants and facilities, including Rs.
What is ASM Technologies Ltd share price analysis?
ASM Technologies Ltd currently shows a below-average growth signal. The stock trades at a P/E of 96.6 with a market cap of ₹7,055 Cr. Investors should review the full earnings analysis for detailed insights.
Is ASM Technologies Ltd planning capital expenditure?
ASM Technologies has announced a substantial CAPEX plan totaling Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.