Q2 profit nearly doubles; board approves 14,400 MT greenfield plant

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDF Explain this filing

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

-3.3%Reaction day

₹166.00

prior close

₹165.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-3.9% vs market

Iron & Steel Products peers, median of 107sector+0.0%-3.3% vs sector

On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 3.3 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

+0.3

10m

-2.6

15m

-3.7

30m

-3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.7-3.9+0.0-3.3

Next day

-7.3pendingpending-1.0-6.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 107Pending

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

AI summary

Q2 consolidated revenue rose 44.1% year on year to Rs 835.99 crore and profit after tax rose 99.2% to Rs 60.95 crore. For the first half, revenue rose 37.7% to Rs 1,568.16 crore and profit rose 82.2% to Rs 117.47 crore. The board approved a Rs 148 crore Chhattisgarh plant for stainless steel seamless pipes and tubes. Initial capacity is 14,400 metric tonnes a year by March 2028, funded by Rs 100 crore of debt and internal accruals.

Likely market impact

Strong earnings support sentiment, but the plant adds debt and execution risk before March 2028. Future warrant conversion may dilute shareholders.