Financial Results Summary

Q2 FY27 Performance (YoY Comparison)

  • Revenue from Operations: ₹505.4 Cr (vs ₹491.1 Cr in Q2 FY26), growth of 2.9%
  • EBITDA (excluding other income): ₹41.7 Cr (vs ₹41.7 Cr in Q2 FY26), growth of 0.1%
  • EBITDA Margin: 8.3% (vs 8.5% in Q2 FY26), decline of 23 basis points
  • Profit After Tax (PAT): ₹30.7 Cr (vs ₹32.3 Cr in Q2 FY26), decline of 4.9%
  • PAT Margin: 6.1% (vs 6.6% in Q2 FY26), decline of 50 basis points
  • Basic EPS: ₹18.27

H1 FY27 Performance (YoY Comparison)

  • Revenue from Operations: ₹965.0 Cr (vs ₹871.9 Cr in H1 FY26), growth of 10.7%
  • EBITDA (excluding other income): ₹81.1 Cr (vs ₹73.3 Cr in H1 FY26), growth of 10.7%
  • EBITDA Margin: 8.4% (vs 8.4% in H1 FY26), remained flat
  • Profit After Tax (PAT): ₹58.9 Cr (vs ₹60.7 Cr in H1 FY26), decline of 2.8%
  • PAT Margin: 6.1% (vs 7.0% in H1 FY26), decline of 85 basis points
  • Basic EPS: ₹35.11

Operational Highlights

  • Total order book as of October 31, 2026: ₹2,011 Cr (all-time high)
  • Commissioned Phase 1 of PEB facility at Kheda, Gujarat
  • Commissioned Phase 1 of Heavy Steel Structures facility in Andhra Pradesh

Management Commentary

Mr. Manish Garg, Managing Director & CEO, stated:

  • Delivered steady performance in Q2FY27 in line with expectations
  • Near-term challenges from external market conditions and seasonal nature of PEB industry may persist
  • Customer enquiries across key end markets remain healthy
  • Long-term industry outlook remains encouraging supported by private capex spending and India's manufacturing-led growth
  • Opportunities exist across manufacturing, warehousing, renewable energy, data centers and commercial infrastructure
  • Focus on quality order inflows prioritizing projects that align with execution capabilities and profitability objectives
  • Growth will be driven by core PEB business, Heavy Steel Structures and exports
  • Expect execution momentum to improve in second half supported by strong order book, healthy enquiry pipeline and expanded capacities
  • Focus on sustainable, profitable growth and long-term value creation backed by integrated business model and robust balance sheet

Business Segments Overview

  • Pre-Engineered Building (PEB) solutions provider since 1983
  • Integrated facilities for design, engineering, manufacturing, and project management
  • Interarch Life: Non-Industrial Buildings with load-bearing wall framing systems
  • TRACDEK® Metal Roofing & Cladding Systems including Hi-Rib, Klippon, and SS-2000 Standing Seam systems
  • TRAC® Ceilings manufactured from recyclable materials with corrosion resistance