**Financial Highlights:** Mamata Machinery's Q1FY26 revenue surged 38% YoY to ₹38.2 Cr.

Profit After Tax improved significantly, and EBITDA margin rose to 7% (from -1% YoY). Strong converting machinery orders boosted performance.

The company maintains a net-debt free balance sheet. **Strategic Initiatives & Growth Drivers:** Mamata is actively expanding its Packaging Machinery portfolio into new global export markets.

Participation in major trade shows like K in Germany is expected to drive future order intake.

Scaling the packaging division and ongoing product innovation are key growth drivers, with some deferred orders set for Q2. **Business Developments:** The company secured its first orders for 9-layer blown film plants from domestic and Latin American clients, showcasing advanced Co-Extrusion capabilities. **Market Position & Competitive Advantage:** As a comprehensive flexible packaging machinery solutions provider, Mamata leads India's converting machinery market (top 5 globally) and is a key domestic packaging player.

Its R&D-driven innovation and asset-light model are strengthened by an 18-month warranty. **Investor Implications:** Q1 results point to positive growth potential from strong sales and strategic export initiatives.

Investors should monitor execution risk tied to the uncertain US tariff policy.