Q2 EBITDA margin 14.72%; FY27 revenue target cut to about INR 600 crore

Q2 FY27: Revenue INR 130.45 crore; EBITDA INR 19.2 crore, margin 14.72%; net profit INR 8.78 crore. FY27 revenue guidance was cut from INR 650 crore to about INR 600 crore, while H2 EBITDA margin is expected at 18% or better. A 12,000 tonne MCC expansion and CCS project are expected in Q2 FY28, with about INR 243 crore of FY28 revenue expected from the expansion. About INR 200 crore spending is planned; funding may be debt or equity.