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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Msafe Equipments Ltd

Msafe Equipments Q2 FY27 Revenue up 53.59% to ₹4,037.94 Lakhs; PAT up 55.42%

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 30 Oct 2026, 03:04 PM IST  ·  BSE ID: a3663087-8bb3-4f7d-b4e4-b2bdbe802bc2
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's quarterly sales and profits increased significantly, with its equipment rental business now making up over half its income.
🤖 AI Summary
  • Msafe Equipments reported Q2 FY27 revenue from operations at ₹4,037.94 Lakhs, a 53.59% YoY increase.
  • Profit After Tax (PAT) for Q2 FY27 increased 55.42% YoY to ₹848.71 Lakhs.
  • Rental business share contributed 52% to total revenue in Q2 FY27, reflecting recurring income growth.
  • Company expanded its warehouse network from 21 to 24 and is developing an integrated manufacturing facility.
  • Trial runs for 500 TPA aluminium formwork vertical have begun, targeting commercialization by December 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27)
4,037.94 ₹ Lakhs
53.59%
EBITDA (Q2 FY27)
1,560.50 ₹ Lakhs
49.63%
EBITDA Margin (Q2 FY27)
38.65%
(102) bps
PAT (Q2 FY27)
848.71 ₹ Lakhs
55.42%
PAT Margin (Q2 FY27)
21.02%
25 bps
Rental share (Q2 FY27)
52%
MS Scaffolding Capacity (Current)
9,000 Tons
MS Scaffolding Capacity (Target)
15,000 Tons
Warehouses Increased From
21 to 24
Aluminium Formwork Capacity
500 TPA
Half Year FY27 Revenue
72.17 ₹ Cr
47.25%
🏢 How This Affects the Company
📈
Business Impact
The increase in rental business share to 52% indicates a shift towards a recurring revenue model, potentially enhancing revenue stability. Expansion of the warehouse network to 24 locations strengthens pan-India distribution and rental delivery capabilities.
💰
Financial Impact
Revenue from operations grew 53.59% YoY to ₹4,037.94 Lakhs and PAT grew 55.42% YoY to ₹848.71 Lakhs, indicating strong top-line and bottom-line growth. EBITDA margin was 38.65% and PAT margin was 21.02% in Q2 FY27.
⚙️
Operational Impact
MS Scaffolding capacity is set to increase from 9,000 tons to 15,000 tons, addressing utilization rates of 80%-90%. The integrated manufacturing facility is expected to commence operations by May 2027, supporting broader growth plans.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected as the company's financial performance in Q2 and HY1 FY27 indicates strong growth in revenue and profit after tax, with Revenue from operations at ₹4,037.94 Lakhs and PAT at ₹848.71 Lakhs.
🔍
Management Signal
Management is signaling continued execution of its IPO growth strategy, focusing on scaling rental assets, expanding capacity, and diversifying product offerings.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 results — verify continued revenue and PAT growth.
Commercialization of aluminium formwork — track progress by December 2026.
Commencement of integrated manufacturing facility operations by May 2027.
LOW RISK The filing indicates strong financial performance and progress on strategic initiatives.
💡 Investor Takeaway
Msafe Equipments recorded Q2 FY27 revenue from operations of ₹4,037.94 Lakhs, up 53.59% YoY, and PAT of ₹848.71 Lakhs, up 55.42% YoY. The rental business now comprises 52% of revenue, reinforcing the company's asset-backed model and operational leverage.
⚖️ Strengths & Concerns

✅ Positives

  • Revenue from operations increased by 53.59% YoY to ₹4,037.94 Lakhs in Q2 FY27, demonstrating significant top-line growth.
  • Profit After Tax (PAT) grew 55.42% YoY to ₹848.71 Lakhs in Q2 FY27, alongside a rental business share of 52% of total revenue.
📅 Company Track Record
Msafe Equipments Ltd reported FY26 Net Profit of Rs. 2,202.02 Lakhs. In May 2026, the company announced FY26 PAT rose 72.33% to ₹2,242.02 Lakh, alongside capacity expansion announcements. The company was incorporated in 2019, with IPO within the last 12-24 months.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Msafe Equipments' revenue in Q2 FY27?
Msafe Equipments reported Revenue from operations of ₹4,037.94 Lakhs in Q2 FY27, representing a 53.59% increase year-on-year from ₹2,629.08 Lakhs in Q2 FY26.
What was Msafe Equipments' Net Profit After Tax (PAT) in Q2 FY27?
The Net Profit After Tax (PAT) for Msafe Equipments in Q2 FY27 was ₹848.71 Lakhs, marking a 55.42% increase from ₹546.09 Lakhs in Q2 FY26.
What is the share of rental business in Msafe Equipments' Q2 FY27 revenue?
The rental business contributed 52% of Msafe Equipments' total revenue in Q2 FY27, reflecting the growing contribution of recurring revenues.
What is Msafe Equipments' current MS scaffolding capacity and planned expansion?
Msafe Equipments' current installed MS scaffolding capacity is 9,000 tons, which is set to increase to 15,000 tons.
When is Msafe Equipments targeting commercialization for its aluminium formwork vertical?
Msafe Equipments is targeting commercialization for its 500 TPA aluminium formwork vertical by December 2026, with trial runs already commenced.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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