Xpro India's Barjora capacity ramp hits a six-month delay
Commercial production at the new dielectric film line finally started in March, missing initial targets. Meanwhile, the UAE project faces further scheduling slides.
— 4 earlier stories on Xpro India Ltd. →What's new with Xpro India Ltd.
- Barjora dielectric film line entered commercial production on March 27, six months late.
- Ras Al Khaimah trial production shifted to August or September 2026.
- FY26 profit before tax took a ₹11 cr hit from forex losses and rising polymer costs.
Why this matters for Xpro India Ltd.
Operational timelines are slipping just as Xpro faces new domestic competition from SRF. With profits already under pressure from input costs, the company now needs to hit its conservative 50% utilization target at Barjora to restore margins.
What we're watching
- Production milestones for the Ras Al Khaimah plant in late 2026.
- Utilization rates at the Barjora line through Q1 and Q2 FY27.
- Whether input costs or competition from SRF tighten margins further.
The full read
Xpro India is catching up on lost time. Its new dielectric film line at Barjora finally began commercial production on March 27, arriving six months behind the company's initial guidance. The delay is part of a broader trend of scheduling friction; management confirmed trial production at its Ras Al Khaimah facility in the UAE is now pushed back to August or September 2026. This operational sluggishness arrived alongside a 29% decline in FY26 profit before tax, which slumped to ₹41 crore. The shortfall was fueled by ₹11 crore in forex losses and persistent polymer cost headwinds. Looking ahead, management is taking a defensive stance. They set a conservative 50% utilization target for the Barjora line in FY27, citing global trade volatility and new competitive pressure from SRF. The next test is execution; the company cannot afford further slippage if it intends to defend its market share against fresh domestic rivals.