Q2 FY27 earnings call: 23% growth, margin recovery plan and FY29 target

Management guided margin improvementManagement guided margin pressureInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹1373.00

prior close

₹1374.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.9% vs market

Other Industrial Products peers, median of 25sector+1.6%-2.4% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 2.4 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.5

15m

-1.0

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.1-0.9+1.6-2.4

Next day

-1.0+0.7-1.7+0.2-1.2

-1.6-1.8+0.2-0.5-1.0

-1.4-0.4-1.1-0.4-1.1

+4.0-0.1+4.1-0.9+4.9

+3.0+2.1+0.9+1.8+1.3

+2.5pendingpending+0.5+2.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY27 revenue rose 23% year on year to INR345 crore and H1 revenue reached INR654 crore. An INR7.5 interim dividend was declared. Gross margin fell to 34.2% due to steel and input cost inflation, while EBITDA rose 9% and H1 EBITDA margin was 11.2%. Management expects Q3 recovery, targets 12-13% EBITDA margin and 36-38% gross margin, and keeps its FY29 revenue ambition at INR2,000 crore. No order figures or acquisition target was disclosed.

Likely market impact

Revenue growth, planned margin recovery and the INR7.5 dividend are positive, but raw material inflation and pricing delays keep risks elevated.