ALFA Finder
The call ran from 5:31 PM to 6:20 PM IST (49 min).
Key takeaways
Q2 revenue ₹325 Cr (+33.5% YoY) but EBITDA ₹29 Cr at 8.9% margin, down from ~12% last-year average on fuel, freight and costly inventory.
| Revenue growth | Q2 revenue +33.5% YoY; H1 +34%; volume and realisation driven. |
|---|---|
| Margins | EBITDA margin 8.9% vs ~12% last-year average; contraction expected to persist. |
| Demand visibility | Demand described as good; supply constraint, not demand, is the issue. |
| Management confidence | Balanced-to-defensive; blames war-linked cost inflation; hopeful H2 recovery. |
Growth
Q2 revenue +33.5% YoY, H1 +34%. Volume 15,656 MT vs ~15,000 MT last year; management cites realisation as a driver too.
Outlook
Reiterates 10–15% FY27 volume growth, H2-weighted, with no revenue or profit guidance. Q3 margins expected to 'remain in this range'.
Risks
Margin at 8.9% vs ~12% average; expensive inventory keeps hitting Q3; raw-material scarcity caps volumes; no margin recovery guided.
Last quarter's promises, checked
Delivered
- Guided 10–20% top-line growth → H1 revenue +34%, Q2 +33.5% (= BEAT)
Partly delivered
- Guided 10–20% volume growth → H1 33,300 vs 30,000 MT (= PARTIAL)
- Guided FY27 sales ~₹1,600–1,700 Cr → H1 ₹338.8 Cr (Q1) + ₹325 Cr (Q2); FY not reported (= PARTIAL)
Missed
- Guided FY27 EBITDA margin '10% or 10% range' → Q2 8.9% (= MISS)
- Guided 20% volume target (10–20% range) → Q2 15,656 MT vs ~15,000 MT (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Ardee Industries Q2 FY27 Results: Net Profit ₹18.1 Cr, Down 37.6% YoY
Ardee Industries Ltd reported revenue from operations of ₹324.8 Cr (+33.5% YoY) and net profit of ₹18.1 Cr (-37.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.1 Cr · -37.6% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided 10-20% revenue growth for FY27. Capacity expanded 50.9% to 156,950 MTPA via brownfield debottlenecking. Target ROCE of 20% plus.
Growth they described
Revenue grew 35.2% to ₹338.8 Cr; PAT rose 6% to ₹19.9 Cr. Sales volumes increased 13.6% YoY to 17,645 MT.
Call details
| Company | Ardee Industries Ltd |
|---|---|
| NSE symbol | ARDEE |
| ISIN | INE0XNF01022 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 5:30 PM IST |
| Length | 49 min |
| Audio | Our stream on YouTube ↗ |
Ardee Industries Ltd: key numbers
- Share price
- ₹42.89
- Market cap
- ₹1,352 Cr
- Revenue (annual)
- ₹1,168 Cr
- Net profit (annual)
- ₹84.68 Cr
- Promoter holding
- 67.62%
- FII holding
- 0.67%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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