Q2 margin surge as Odisha expansion nears production

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

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

+3.5%Reaction day

₹190.29

prior close

₹195.04

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+2.4% vs market

Other Textile Products peers, median of 187sector+0.7%+2.8% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.5+1.1+2.4+0.7+2.8

Next day

+2.5pendingpending+0.4+2.0

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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AI summary

Q2 FY27 EBITDA margin rose to 19.8% from 10.4% on stronger demand and operating efficiency. Management expects H1 margins to hold in H2, with demand visibility into March. The INR1,000 crore, 150,000-spindle Odisha plant should start production in 30 to 40 days, contributing INR150 crore to INR200 crore in FY27 and INR1,200 crore to INR1,300 crore in FY28. FY28 revenue is targeted near INR4,000 crore, with EBITDA margin above 15%.

Likely market impact

Strong margins and new capacity support earnings growth, though higher debt and project execution remain key risks for shareholders.