Q2 growth, FY28 revenue target and CCL expansion roadmap

Management guided margin improvementOrder pipeline disclosedMulti-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

-2.0%Reaction day

₹379.85

prior close

₹385.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-3.1% vs market

Iron & Steel Products peers, median of 104sector+0.6%-2.6% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.6 pts less than its Iron & Steel Products 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

-1.2

10m

-1.4

15m

-1.4

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0+1.1-3.1+0.6-2.6

Next day

-3.5pendingpending+0.2-3.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

Q2 FY27 revenue rose 35.46% year on year to ₹387 crore; EBITDA was ₹42.13 crore and PAT ₹24.07 crore, up 55.97%. The ₹338 crore CCL project is 75% complete, with trials due in December 2026. Management says two firms have ordered and seven long-term contract talks are underway. It targets FY28 revenue of ₹2,500 crore, 14% EBITDA margin and 11% PAT margin, with five CCL lines operating by April 2028.

Likely market impact

Strong growth and potential CCL margin gains support earnings, but commissioning and raw material price risks remain; revised guidance is awaited.