Q2 revenue jumps 113%, but losses and high debt persist

Revenue growth above 20%Net loss reportedEBITDA margin expansionDebt to equity above the thresholdResults View source PDF Explain this filing

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

-1.8%Reaction day

₹35.85

prior close

₹36.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-3.3% vs market

Cement & Cement Products peers, median of 34sector+2.2%-4.0% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.0 pts less than its Cement & Cement 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

-1.8

10m

-1.6

15m

-1.8

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+1.4-3.3+2.2-4.0

Next day

+1.2+1.7-0.5+3.5-2.3

+1.6+3.9-2.3+5.3-3.7

+5.5+5.1+0.4+7.7-2.2

+7.6pendingpending+6.9+0.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

Board-approved Q2 and first-half results show revenue from operations up 113% year on year to ₹16,598 lakh. Net loss narrowed to ₹2,835 lakh from ₹4,192 lakh, but the first-half loss was ₹6,428 lakh. Operating cash flow was positive ₹6,522 lakh. Equity fell to ₹1,650 lakh against ₹118,377 lakh of borrowings. A ₹118.04 lakh mineral cess reversal helped profit. The proposed merger into Sagar Cements still needs approvals.

Likely market impact

Shareholders face continued losses and very high borrowing despite stronger revenue and cash flow; merger approvals may add volatility.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹166.0 Cr	₹77.85 Cr	+113.2%
Operating profit	−₹38.63 Cr	−₹42.51 Cr	loss narrowed
Profit after tax	−₹28.35 Cr	−₹41.92 Cr	loss narrowed
EBITDA margin	8.6%	-5.8%	+14.3 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.