Macpower CNC Machines Limited (NSE:MACPOWER) held a board meeting on 29 July 2026 and approved the unaudited financial results for the quarter ended 30 June 2026, formally noticed the company's 23rd Annual General Meeting, fixed the record date for determining eligible shareholders for the final dividend, approved the board's report for FY 2025-26, and appointed a scrutinizer for the AGM voting process.
Key Highlights
- The board approved unaudited Q1 FY27 revenue from operations of Rs 9,523.71 lakhs and profit after tax of Rs 958.21 lakhs, with a basic and diluted earnings per share of Rs 9.58 (not annualised).
- Year-on-year revenue growth in Q1 FY27 was 56.1 per cent compared to Rs 6,102.65 lakhs in Q1 FY26, while profit after tax rose 110.2 per cent from Rs 455.57 lakhs in the prior-year quarter.
- The board formally approved notice for calling the company's 23rd Annual General Meeting for the financial year ended 31 March 2026; the specific date, time, and venue will be communicated separately.
- A record date and cut-off date for determining eligible shareholders for the final dividend on equity shares for FY 2025-26 were fixed; the company will announce these dates separately.
- Mr. Kalpesh P. Rachchh (Membership no. FCS 5156; CP Number 3974), proprietor of K. P. Rachchh & Co., Practicing Company Secretaries, was appointed as scrutinizer for the 23rd AGM voting and remote e-voting process.
- The board approved the company's board report for the financial year ended 31 March 2026 and the limited review report issued by statutory auditors S. C. Makhecha & Associates on the Q1 FY27 unaudited results.
- The unaudited financial results were prepared in accordance with Indian Accounting Standard 34 and subjected to limited review by the statutory auditors as required under SEBI Listing Obligations and Disclosure Requirements Regulations 2015.
About the Company
Macpower CNC Machines Limited is a manufacturer of CNC (Computer Numerical Control) machines based in Rajkot, Gujarat. The company is registered under the Udyam scheme (Registration no. UDYAM-GJ-20-0004646) and listed on the National Stock Exchange of India under the symbol MACPOWER with ISIN INE155Z01011. Incorporated in 2003 with CIN L30009GJ2003PLC043419, the company operates manufacturing facilities at Plot No. 2234, Near Kranti Gate, GIDC Metoda, Rajkot, Gujarat 360021. According to its financial statements, Macpower CNC Machines has a single reportable primary business segment: the manufacturing of machines. The company has no subsidiary, associate, or joint venture companies as of 30 June 2026. Paid-up equity capital stands at Rs 1,000.42 lakhs with a face value of Rs 10 per share.
Announcement in Detail
The board of directors of Macpower CNC Machines Limited convened at the company's registered office in Metoda, Rajkot, on 29 July 2026 from 11:00 A.M. to 1:10 P.M. and transacted the following material items. First, the board reviewed and approved the unaudited standalone financial results for the quarter ended 30 June 2026 along with the limited review report issued by the statutory auditors. The quarterly revenue from operations reached Rs 9,523.71 lakhs, with other income of Rs 16.62 lakhs, totalling income of Rs 9,540.33 lakhs. Operating expenses, including cost of materials consumed at Rs 5,738.15 lakhs, employee benefits of Rs 1,079.95 lakhs, finance costs of Rs 49.49 lakhs, and depreciation of Rs 214.68 lakhs, summed to Rs 8,245.32 lakhs. The profit before and after tax was Rs 1,295.01 lakhs and Rs 958.21 lakhs respectively. Tax expenses for the quarter were Rs 336.80 lakhs, yielding total comprehensive income of Rs 954.90 lakhs and basic and diluted earnings per share of Rs 9.58 (unannualised).
Second, the board approved the notice for convening the company's 23rd Annual General Meeting for the financial year ended 31 March 2026. The formal AGM notice, including date, time, venue, and agenda, will be filed and communicated to shareholders separately. The board also fixed a record date and cut-off date for determining shareholders eligible to receive the final dividend for FY 2025-26; these dates will be communicated in a separate intimation. Third, the board approved the company's board report for FY 2025-26 and appointed Mr. Kalpesh P. Rachchh, a practicing company secretary with membership no. FCS 5156 and CP Number 3974, as scrutinizer to oversee the voting process and remote e-voting at the 23rd AGM in a fair and transparent manner. All resolutions were approved in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015.
Impact on Investors
Shareholders of Macpower CNC Machines will note that the company delivered strong operational performance in Q1 FY27, with revenue from operations expanding 56.1 per cent year-on-year to Rs 9,523.71 lakhs and profit after tax doubling to Rs 958.21 lakhs from Rs 455.57 lakhs in Q1 FY26. The filing shows earnings per share increased to Rs 9.58 from Rs 4.55 in the prior-year quarter. Operating margins improved as a result of better cost management; cost of materials consumed as a percentage of revenue from operations declined to 60.2 per cent in Q1 FY27 from 102.0 per cent in Q1 FY26. Investors will observe that the company's other equity position stands at Rs 16,524.22 lakhs as of 30 June 2026, reflecting retained earnings and shareholder value accumulation.
The disclosure of the record date and cut-off date for the final dividend will determine which shareholders are eligible to receive the FY 2025-26 final dividend on equity shares, an important detail for portfolio holders. The appointment of an independent practicing company secretary as scrutinizer for the 23rd AGM and remote e-voting process provides procedural assurance on governance compliance. Shareholders should note that the limited review report issued by the statutory auditors confirms that the unaudited results comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015 and contain no material misstatement. The formal AGM notice will contain full details of resolutions to be placed before shareholders for approval, including any dividend recommendations and other corporate actions.
Sector / Market Context
Macpower CNC Machines operates in the machine tools and manufacturing equipment segment of India's general industrials sector. CNC machines are critical equipment for precision manufacturing across automotive, aerospace, electronics, and heavy equipment industries. India's manufacturing sector has seen steady growth driven by government initiatives such as Make in India and the Production-Linked Incentive Scheme, which have encouraged capital investment by domestic manufacturers in production equipment and technology. The company's strong quarter-on-quarter performance reflects underlying demand from industrial users upgrading or expanding production capacity. The segment benefits from both domestic demand for industrial modernisation and increasing exports of machine tools and related equipment to global markets.