This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Q2 FY27 revenue falls 47 percent; profit nearly halves and cash flow turns negative
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On the reaction day the stock moved 7.3 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.
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Standalone quarter ended 30 September 2026: revenue from operations was Rs 413.51 crore, versus Rs 782.64 crore a year ago; profit after tax was about Rs 26 crore versus Rs 50 crore. Standalone H1 FY27 operating cash flow was an outflow of Rs 119.92 crore, versus Rs 173.11 crore generated in H1 FY26. Margin before other income, interest, depreciation and tax rose from minus 4.7 to 11.1 percent.
Revenue and profit both fell sharply and operating cash flow turned negative; a better operating margin only partly offsets the weakness.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹41.35 Cr | ₹55.78 Cr | −25.9% |
| Operating profit | ₹3.19 Cr | ₹13.33 Cr | −76.1% |
| Profit after tax | ₹6.15 Cr | ₹11.20 Cr | −45.1% |
| EBITDA margin | 11.2% | 26.4% | −15.1 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.