Announced Tue, 27 Oct, 2026 · 15:58 IST
Q2 FY27 margins fall as shutdowns hit volumes
Mgmt Guided Margin PressureMgmt Guided Margin ImprovementInvestor Communications View source PDFExplain this filing
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Price reaction
Awaiting price reaction for this filing.
AI summary
Q2 FY27 revenue rose 13% year on year to INR1,146 crore, but a planned Gorakhpur shutdown, an extended power-plant outage and higher input costs cut EBITDA to INR111 crore and margin to 9.64% from 16.19% in Q1. Profit after tax was INR61 crore. Capacity was due to start in November; firmer steel prices, INR30-40 crore of annual solar savings and captive mines support recovery. A medium-term growth plan is due in Q4 FY27.
Likely market impact
Profit remains under pressure, but capacity restart, firmer prices and lower power costs could lift margins. Delays and cost overruns are key risks.