Monolithisch India Limited – Q2 FY27 Financial and Operational Highlights
Monolithisch India Limited (NSE: MONOLITH), a specialised manufacturer of premixed silica ramming mass for induction‑furnace steelmaking, reported its highest‑ever quarterly revenue, EBITDA and profit after tax (PAT) for the quarter ended 30 September 2026 (Q2 FY27). Revenue reached INR 53.59 crore, representing an 88.2% year‑on‑year increase from INR 28.48 crore in Q2 FY26. EBITDA climbed 192.2% to INR 15.80 crore, up from INR 5.41 crore a year earlier, expanding the EBITDA margin to 29.5% versus 19.0% in the prior year (an improvement of 1,049 basis points). PAT rose 145.1% to INR 11.17 crore, compared with INR 4.56 crore in Q2 FY26, lifting the PAT margin to 20.8% from 16.0% (an improvement of 484 basis points). Diluted earnings per share were INR 5.14 for the quarter, against INR 2.22 in the corresponding period last year.
Capacity Expansion and Raw‑Material Integration
The company secured allotment of a quartzite mining block in Bihar with an approved capacity of 710,000 metric tonnes per annum; commercial mining is targeted to commence around mid‑January 2027, subject to necessary approvals. Monolithisch also commenced commercial production at its greenfield manufacturing facility on 10 October 2026. Additionally, it has proposed new manufacturing facilities in Udaipur, Rajasthan, and near Hospet, Karnataka, with a combined capacity addition of 300,000 MT per annum and an estimated investment of INR 45 crore. Upon completion and commissioning, total installed capacity is expected to rise from approximately 576,000 MT per annum to 875,000 MT per annum by Q3 FY28.
Guidance and Management Commentary
The Board, represented by Chairman and Whole‑Time Director Mr Prabhat Tekriwal, reaffirmed the FY27 revenue guidance of INR 250 crore, stating that the guidance will be revisited after the mining operations commence. Mr Tekriwal highlighted that the Q2 performance “marks an important step in Monolithisch’s growth journey,” emphasizing the 88.2% revenue growth and the substantial improvements in EBITDA and PAT margins as evidence of successful scaling and operational execution.
Business Overview
Monolithisch India Limited focuses on premixed silica ramming mass, a critical consumable for steel manufacturers using induction furnaces. The company currently operates manufacturing facilities in Purulia and Sarbari (West Bengal) and Ranchi (Jharkhand), together providing approximately 576,000 MT per annum of installed capacity. The ongoing expansion aims to strengthen raw‑material security, improve inventory efficiency, and increase overall capacity to meet growing demand from the steel sector.