Q2 FY27 results announced with demerger restatement and expansion plans

Emphasis of matterResults restatedRelated-party transactionsRevenue declinedProfit growth above 25%EBITDA margin expansionResults 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

+19.6%Reaction day

₹241.50

prior close

₹252.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+2.0%+17.6% vs market

Electrodes & Refractories peers, median of 10sector+1.3%+18.2% vs sector

On the reaction day the stock moved 17.6 pts more than Nifty Smallcap 250 and 18.2 pts more than its Electrodes & Refractories 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

+3.8

10m

+4.4

15m

+5.1

30m

+5.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+19.6+2.0+17.6+1.3+18.2

Next day

+21.7+2.8+18.9+0.5+21.2

+23.1pendingpending+0.6+22.5

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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

AI summary

Consolidated Q2 FY27 figures are missing from the extract, so year-on-year comparison is not possible. Standalone, continuing revenue was Rs 7.59 crore versus Rs 6.85 crore; total profit after tax was Rs 133.26 crore versus Rs 188.09 crore. Standalone half-year profit after tax was Rs 245.05 crore versus Rs 261.46 crore; operating cash flow Rs 131.53 crore. Demerger caused restated prior figures; unmodified review included an emphasis of matter.

Likely market impact

Standalone profit fell; the demerger makes comparisons harder, while major expansion plans raise funding and execution risks.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹429.9 Cr	₹699.2 Cr	−38.5%
Operating profit	₹161.9 Cr	₹55.68 Cr	+190.7%
Profit after tax	₹306.1 Cr	₹143.3 Cr	+113.5%
EBITDA margin	45.6%	16.9%	+28.7 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.