Q2 FY27 results and FY28 Sandila plywood expansion plan

Management guided margin improvementMulti-year targets disclosedInvestor Communications View source PDF Explain this filing

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

+0.5%Reaction day

₹258.70

prior close

₹258.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%-1.7% vs market

Plywood Boards/ Laminates peers, median of 11sector+1.0%-0.5% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.5 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

+1.0

10m

+2.1

15m

+2.9

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+2.2-1.7+1.0-0.5

Next day

+1.9+3.3-1.4+1.9-0.0

+2.6pendingpending-0.4+2.9

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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 consolidated revenue rose 16.1% to INR799.7 crore, while core EBITDA was INR89.2 crore at an 11.2% margin, up 300 basis points year on year. Plywood volume grew 6.1%. Management kept FY27 MDF volume growth guidance at about 20% with a 15% to 16% core EBITDA margin. A 15 million square metre Sandila plywood line, costing INR125 crore, is planned to start in Q4 FY28, with revenue potential of INR320 crore to INR340 crore.

Likely market impact

Q2 margins improved and FY27 MDF guidance was retained. FY28 capacity supports growth, but capex and competition may pressure cash flow and returns.