Msafe Equipments Ltd — earnings calls

Msafe Equipments reported FY26 revenue from operations of Rs 103.5 crore, up approximately 45% year-on-year, with EBITDA growing nearly 57% to Rs 49.9 crore and PAT rising over 72% to Rs 22.02 crore. Management said the EBITDA margin expanded to 39.49% from 36.55% in FY25, driven by the rental business, operating leverage and asset utilization. The company also discussed capacity expansion in MS scaffolding and aluminum, entry into the aluminum formwork segment, and utilization of IPO proceeds toward manufacturing and rental asset expansion.