Standalone revenue rises 26%, but quarterly profit falls 93%

Revenue growth above 20%EBITDA margin compressionEmphasis of matterResults View source PDF Explain this filing

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

-4.3%Reaction day

₹139.23

prior close

₹130.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+1.4%-5.7% vs market

LPG/CNG/PNG/LNG Supplier peers, median of 6sector+1.7%-6.0% vs sector

On the reaction day the stock moved 5.7 pts less than Nifty Smallcap 250 and 6.0 pts less than its LPG/CNG/PNG/LNG Supplier 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

-1.5

10m

-0.7

15m

+0.4

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3+1.4-5.7+1.7-6.0

Next day

-4.2+1.8-6.0+1.8-5.9

-1.5+3.8-5.3+6.0-7.6

+0.6+4.6-4.0+7.1-6.5

+2.0pendingpending+5.6-3.6

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15d

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UpDownMarket · Nifty Smallcap 250Sector · LPG/CNG/PNG/LNG Supplier peers, median of 6Pending

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AI summary

Standalone revenue rose 26% year on year to Rs 5,613.62 crore in the September 2026 quarter, but profit after tax fell 93% to Rs 24.38 crore. Six-month revenue rose 21% to Rs 10,653.77 crore, while profit fell 71% to Rs 210.56 crore. Natural gas purchase costs rose 48%, pushing EBITDA margin to negative 1% from 11%. The auditor highlighted the Rs 330.73 crore DDA license-fee demand; no provision was made.

Likely market impact

Gas costs outpaced sales, causing negative EBITDA. The Rs 330.73 crore DDA demand may weigh on sentiment, though review found no material misstatement.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹5,615 Cr	₹4,446 Cr	+26.3%
Operating profit	−₹179.2 Cr	₹310.1 Cr	−157.8%
Profit after tax	₹23.75 Cr	₹385.0 Cr	−93.8%
EBITDA margin	-0.6%	9.9%	−10.5 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.