Q2 revenue rises 4.6%, but operating margin falls to 7.5%

Management guided margin improvementManagement guided margin pressureOrder pipeline disclosedInvestor Communications View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.4%Reaction day

₹145.01

prior close

₹141.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Plywood Boards/ Laminates peers, median of 11sector-1.4%-1.0% vs sector

On the reaction day the stock moved 1.0 pts less than its Plywood Boards/ Laminates 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

-0.8

10m

-1.1

15m

+2.4

30m

+2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4pendingpending-1.4-1.0

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 11Pending

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

AI summary

Q2 FY27 revenue was INR 407 crore, up 4.6% year on year, while total volume fell 3.4%. Retail sales rose 17%, but bulk and export sales stayed weak. Operating profit margin fell to 7.5% from 9.6% in Q1. Net debt fell to INR 133 crore. Management aims for mid-teen full-year MDF volume growth and expects stronger H2 sales with margin recovery from lower input costs. Export orders pending on October 1 were 13,000 cubic metres.

Likely market impact

Retail growth, export orders and lower debt help, but weak bulk demand, price cuts and oversupply may keep margins under pressure.