ASM Technologies Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 17 Jul 2026 | IT - Software | Market Cap: ₹7.1K Cr
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.
Price
₹4,575
Market Cap
₹7.1K Cr
P/E Ratio
96.6
Revenue Rank
Margin Rank
How does ASM Technologies Ltd rank in IT - Software?
Compare ASM Technologies Ltd against every IT - Software company this quarter on revenue, margins and earnings-call signals.
ASM Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹135 Cr, net profit ₹17 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →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
Rank 3- →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. 750 crores CAPEX in Karnataka and Tamil Nadu, will support revenue growth.
- →Service revenues are anticipated to grow in coming quarters after some lumpiness seen recently.
- →EBITDA margins are expected to be around recent historical levels, with no specific upward or downward guidance provided.
- →Capacity utilization currently at 80-85%, with new capacity coming up that will increase peak revenue potential.
- →No explicit forward guidance or detailed segmentation on future earnings or EPS growth shared, but growth is supported by expanding manufacturing and ER&D scale.
🏗️ Capital Expenditure Plans
Yes- →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
Yes- →ASM Technologies plans to finance its Rs. 760 crores medium-term CAPEX through a combination of:
- → - Debt
- → - Accruals
- → - Government incentives
- → - Some equity infusion
- →The fundraising will be phased over 3 stages, with the exact mix of debt and equity to be decided as the phases progress.
- →Currently, there is no finalized amount for equity; broad understanding exists but specifics will be evaluated during implementation.
- →The company is working on balancing these financing sources based on ongoing needs and opportunities.
📋 Order Book & Pipeline
No information- →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.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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.