Q2 FY27 swings to loss on project costs and delayed dispatches

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

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

-0.1%Reaction day

₹312.15

prior close

₹314.30

announcement price

In-mkt

timing

Nifty Microcap 250market+1.1%-1.2% vs market

Other Utilities peers, median of 13sector · industry level+0.1%-0.2% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.2 pts less than its Other Utilities 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.1+1.1-1.2+0.1-0.2

Next day

-2.6pendingpending-1.2-1.4

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 13Pending

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

AI summary

Q2 FY27 consolidated operating income fell 8.1% to INR 6,747 million. Loss before depreciation and interest: INR 848 million; net loss: INR 828 million. H1 income rose 4.4% to INR 13,752 million, but net loss was INR 797 million. Project costs and input inflation hurt results, and Specialty Chemicals margins stayed under pressure. Order book was INR 29,690 million; bid pipeline was INR 93,700 million. Management expects better H2 margins.

Likely market impact

The loss and weak margins are negative, but the sizable order book and expected H2 recovery offer support. Execution and cost control remain risks.