Event Type and Details:

  • The document contains the transcript of the Post-Earnings Conference Call held on November 05, 2026, discussing Unaudited Financial Results for Q2 and H1 FY27 ended September 30, 2026.
  • The call was moderated by Kaptify Consulting Investor Relations Team with management participants including Mr. Rupesh Kumar Gupta (Managing Director), Mr. Amitabha Bhattacharya (Chief Financial Officer), and Ms. Rekha Singh (Company Secretary).

Financial Performance Highlights:

  • Q2 FY27 Performance: Revenue increased 65% YoY to INR 554 crore, EBITDA grew 58% to INR 68 crore, and PAT surged to INR 29 crore from INR 10 crore YoY. EBITDA margin improved to 12.21% from 11.63%.
  • H1 FY27 Performance: Revenue stood at INR 983 crores (up 23% YoY), EBITDA at INR 118 crore (up 17% YoY), and PAT at INR 46 crores (up 35% YoY).
  • Operational Metrics: Q2 sales volume reached 83,117 tonnes (up 32% QoQ), H1 volumes approximately 1.46 lakh tonnes (up 6% YoY). Average selling price for H1 increased 17% to INR 67,265 per tonne.

Operational and Business Updates:

  • Perundurai plant resumed operations on July 13, 2026, after temporary closure during Q1.
  • Solar Business: 15 MW AC capacity operational across three locations (5 MW commissioned in July, additional 10 MW in October). Targeting completion of 52 MW across 11 locations by January 2027.
  • Metal Mart subsidiary obtained GST registration and preparing for fuller operations in current quarter.
  • Consolidated H1 performance: Revenue INR 984 crores (up 24% YoY), EBITDA INR 118 crores (up 18% YoY), PAT INR 42 crores (up 23% YoY).

Management Guidance and Forward-looking Statements:

  • Volume growth guidance: 10-15% for H2 FY27 and 25% for FY28.
  • Long-term vision: Target of INR 10,000 crore revenue in 5-6 years.
  • Focus on value-added products, OEM segment (currently 20% of volumes), and backward integration.
  • Working on acquisitions and brownfield expansions; signed non-binding MOU with Andhra Pradesh government for steel plant expansion.

Compliance and Availability:

  • Transcript submitted to BSE and NSE pursuant to Regulation 30 and 46 of SEBI LODR Regulations, 2015.
  • The call contained forward-looking statements with risk factors and was recorded.

Additional Notes Section

  • The document includes the full transcript of the Q&A session with analysts covering detailed operational metrics, capacity utilization, power costs, and growth strategies.
  • Management confirmed resolution of Tamil Nadu pollution control issues with Perundurai plant now fully operational.
  • Promoters have increased stake through warrants with 25% margin money received, funds earmarked for business expansion.