Q2 revenue rises 36%, but margins narrow

Management guided margin pressureOrder 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

+1.5%Reaction day

₹586.00

prior close

₹601.00

announcement price

After-mkt

timing

Nifty Microcap 250market+2.2%-0.7% vs market

Other Industrial Products peers, median of 24sector+2.3%-0.8% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.8 pts less than its Other Industrial 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

-2.6

10m

-2.1

15m

-2.2

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+2.2-0.7+2.3-0.8

Next day

+3.2+3.3-0.1+1.8+1.4

+3.2pendingpending+2.9+0.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 24Pending

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

AI summary

Q2 FY2026-27 revenue rose 36.27% year on year to Rs 1,198.90 crore, while profit after tax rose 9.93% to Rs 44.62 crore. H1 revenue rose 26.90% to Rs 2,231.01 crore and profit after tax rose 5.86% to Rs 86.02 crore. Q2 EBITDA margin fell to 7.66% from 10.04% due to commodity, currency and product mix costs. New customer awards were reported, and Karsanpura capacity expansion has a 2027-28 start target.

Likely market impact

Strong sales growth is positive, but margin compression may limit earnings gains. New awards and planned capacity expansion support longer-term growth.