Q2 revenue rises 24%, but EBITDA margin falls to 17.8%
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Q2 FY27 revenue rose 23.9% to ₹7,518 crore, but EBITDA fell 5.1% to ₹1,335 crore and margin eased to 17.8% from 23.2%. Profit after tax fell 14.2% to ₹754 crore. H1 revenue rose 47.3% and EBITDA 15.5%. Management reaffirmed FY27 EBITDA guidance of ₹7,000–7,700 crore. The order book was about ₹59,200 crore, including 25.6 GW of module orders, despite some US order cancellations. Roadmap plans over ₹30,000 crore of spending across FY27–FY29.
Revenue growth and a large order book support growth, but weak Q2 profit may hurt sentiment. Guidance and cell integration may aid future margins.