Key Financial Performance - Q2 FY27 (Consolidated)

Revenue from Operations: ₹1,279.97 million in Q2 FY27 compared to ₹1,249.41 million in Q2 FY26, representing year-on-year growth of 2.45%.

EBITDA: ₹246.84 million in Q2 FY27 compared to ₹142.37 million in Q2 FY26, representing year-on-year growth of 73.38%. EBITDA margin improved to 19.28% from 11.39% in the corresponding quarter last year, an expansion of 789 basis points.

Profit After Tax (PAT): ₹77.71 million in Q2 FY27 compared to ₹29.09 million in Q2 FY26, representing year-on-year growth of 167.14%. PAT margin improved to 6.07% from 2.33% in the corresponding quarter last year, an expansion of 374 basis points.

Key Financial Performance - H1 FY27 (Consolidated)

Revenue from Operations: ₹2,566.18 million in H1 FY27 compared to ₹2,384.17 million in H1 FY26, representing year-on-year growth of 7.63%.

EBITDA: ₹556.15 million in H1 FY27 compared to ₹335.59 million in H1 FY26, representing year-on-year growth of 65.72%. EBITDA margin improved to 21.67% from 14.08% in the corresponding period last year, an expansion of 759 basis points.

Profit After Tax (PAT): ₹261.13 million in H1 FY27 compared to ₹130.85 million in H1 FY26, representing year-on-year growth of 99.56%. PAT margin improved to 10.18% from 5.49% in the corresponding period last year, an expansion of 469 basis points.

Quarterly Comparison

Q2 FY27 revenue of ₹1,279.97 million decreased by 0.49% compared to Q1 FY27 revenue of ₹1,286.21 million.

Q2 FY27 EBITDA of ₹246.84 million decreased by 20.20% compared to Q1 FY27 EBITDA of ₹309.32 million.

Q2 FY27 PAT of ₹77.71 million decreased by 57.63% compared to Q1 FY27 PAT of ₹183.42 million.

Operational Highlights - Q2 FY27

Steam Sales Performance: Steam sold increased by 12.06% year-on-year to 301,642.26 tonnes in Q2 FY27. EBITDA per tonne improved by 54.72% year-on-year to ₹818.32, reflecting improved operational efficiencies and operating leverage.

Expansion Plans: The Company plans to install an additional 750 Nm³/hr PSA nitrogen plant at its existing Ankleshwar facility, with commissioning expected by the end of CY2026.

Customer Acquisition: The Company secured an additional 7.73 TPH of steam capacity through tie-ups with seven new customers during the quarter.

Green Capacity Expansion: The Company continues to expand its green boiler capacity, which is expected to increase seven-fold from 15 TPH in FY26 to 105 TPH in FY27, supporting the transition towards cleaner industrial steam solutions.

Management Commentary

Mr. Vishal S. Budhia, Promoter, Chairman and Managing Director, commented on the results:

Operational Update: Despite seasonal moderation typically associated with the monsoon period in the second quarter, the Company delivered a strong year-on-year performance, underscoring the resilience of its business and the strength of its underlying fundamentals.

Volume & Market Share: Steam supply volumes grew by 12.06% year-on-year but witnessed a marginal 1.36% quarter-on-quarter decline, primarily attributable to seasonal factors during the monsoon period.

Margins & Inflation: Q2 FY27 witnessed a marginal moderation in margins primarily due to heavy monsoon conditions that impacted operational efficiencies across certain facilities.

Government Support: Government initiatives and favourable policy frameworks continue to support community boiler infrastructure development. Upcoming tenders and industrial development initiatives, including the Viksit Gujarat Industrial Policy 2026, are expected to create further opportunities for private sector participation.

Outlook: The Company remains focused on expanding geographical presence, strengthening community boiler portfolio, participating in upcoming tenders, and scaling nitrogen business while evaluating new growth opportunities.

Additional Information

The press release is available on the company website at www.steamhouse.in as required under SEBI LODR regulations.