German Green Steel and Power Q2 FY27 results: net profit ₹11.96 crore

How did German Green Steel and Power perform in Q2 FY27?

German Green Steel and Power reported standalone revenue of ₹242.57 crore for Q2 FY27, the July–September 2026 quarter, against ₹312.53 crore in Q1 FY27, a fall of ₹69.96 crore or 22.4%. Total income was ₹244.76 crore, down 22.7% from ₹316.45 crore, while total expenses fell 22.1% to ₹228.13 crore. Other income was ₹2.19 crore, against ₹3.92 crore in the previous quarter. Cost of materials was ₹182.82 crore and employee cost was ₹9.01 crore.

EBITDA was ₹25.35 crore in Q2 FY27, down 13.5% from ₹29.29 crore in Q1 FY27, but the EBITDA margin rose to 10.5% from 9.4%, an increase of 1.1 percentage points. Profit before tax was ₹16.63 crore, down 29.5% from ₹23.60 crore, and net profit after tax was ₹11.96 crore, down 33.6% from ₹18.02 crore. Basic EPS was ₹2.19 against ₹3.36. Tax expense was ₹4.67 crore, finance costs were ₹7.31 crore, and there was no exceptional item.

The company also approved consolidated results for the same period, but the figures above are on a standalone basis. The board said the standalone and consolidated financial results for the quarter and half year ended 30 September 2026 were approved as recommended by the Audit Committee, and the statutory auditors issued a limited review with an unmodified conclusion. For the first half of FY27, standalone revenue was ₹555.1 crore, total income was ₹561.21 crore, profit before tax was ₹40.23 crore and net profit was ₹29.98 crore, with basic EPS of 5.49.

What do the balance sheet and cash flow show?

As at 30 September 2026, total assets stood at ₹1,209.41 crore and total equity was ₹665.98 crore. Inventories were ₹204.92 crore, trade receivables ₹117.85 crore and trade payables ₹191.54 crore. Borrowings were ₹250.23 crore and cash and cash equivalents were ₹95.92 crore. The company said its IPO comprised a fresh issue of 2,08,63,309 equity shares at an issue price of Rs. 139 per share, with shares allotted on 30 September 2026 and listed on 5 October 2026.

How did German Green Steel and Power shares react?

The results were announced after market hours on 5 November 2026. From the price when the filing appeared, the stock fell 2.8% within five minutes, fell 3.5% within 15 minutes and fell 2.6% within 30 minutes. Over the reaction day, the stock closed 2.3% below its previous close of ₹101.0, against a 0.4% rise in the Nifty Microcap 250.

By the next day's close, the stock was up 2.2% from its pre-results close, compared with a 2.1% rise in the Nifty Microcap 250 over the same close. By the fifth session, the stock was unchanged from its pre-results close, while the index was up 1.8%. No industry median figures were available for comparison, and no earlier results-day reaction moves were recorded for the company.