Q2 FY27 earnings call: growth rises; silicon carbide plant nears output
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 standalone revenue rose 32.5% year on year to Rs 33.98 crore. Adjusted EBITDA was Rs 5.66 crore and margin eased to 16.6% from 17%; PAT rose 41.2% to Rs 4.45 crore. Backlog reached Rs 39 crore. Silicon carbide reactors are installed, with commercial output hoped for in November or December and Rs 12-15 crore of epitaxy revenue estimated over four to six months. Management sees an aspiration of USD 100 million in revenue after FY29 or FY30.
Growth and a Rs 39 crore backlog support sentiment, while silicon carbide output may add revenue. Risks include margin pressure, clearances and delays.