This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Q2 FY27 consolidated revenue up 32.7%, profit after tax up 4.5%; Rs 83 crore steel capacity plan
TIINDIA · price
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Consolidated Q2 FY27 (ended 30 September 2026) revenue from operations rose 32.7% to Rs 7,330.31 crore from Rs 5,522.64 crore in Q2 FY26; profit after tax rose 4.5% to Rs 420.30 crore from Rs 402.05 crore. The Board approved up to Rs 83 crore of capital expenditure to expand cold-rolled steel strip capacity at Avadi, funded mainly from internal cash, with completion due in FY2027-28. Exact added capacity depends on product mix.
The expansion may support growth and is mostly funded from internal cash, but added capacity and returns are uncertain; operating margin weakened.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹2,710 Cr | ₹2,119 Cr | +27.9% |
| Operating profit | ₹222.6 Cr | ₹227.5 Cr | −2.2% |
| Profit after tax | ₹188.2 Cr | ₹186.8 Cr | +0.8% |
| EBITDA margin | 10.1% | 13.1% | −3.0 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.