The call ran from 2:01 PM to 2:50 PM IST (49 min).
Key takeaways
Record Q2 FY27 EBITDA ₹259 Cr (15.3% margin) on 57% income growth; margin beat is real, but FY27 targets rest on hedged language.
| Management target | Revenue 100.0% 2028 |
|---|
| Revenue growth | Q2 total income ₹1,699 Cr, +57% YoY; new businesses ~30% contribution. |
|---|---|
| Margins | EBITDA margin 15.3% Q2 vs ~11.4% prior; gross margin declined per analyst. |
| Order book | Not quantified; described only as 'healthy'. |
| Demand visibility | Order book 'healthy'; US midterm impact unaddressed; UK FTA live since July. |
| Management confidence | Overly optimistic; 'highest ever' claims, hedged 'we hope' on long-term targets. |
Growth
Q2 income ₹1,699 Cr, +57% YoY; EBITDA 2.1x on ~380bps margin gain. Flood inventory loss ₹45 Cr offset by equal insurance claim, PAT-neutral.
Outlook
Revenue to double ₹4,000→₹8,000 Cr by CY2028; FY27 margin 'up to' 14–15%; capex ₹40 of ₹250 Cr spent in H1.
Risks
Gross margin dip unexplained beyond 'product mix'; net debt quoted as ₹518 Cr and ₹580 Cr; US midterm impact not addressed.
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
Indo Count Industries Q2 FY27 Results: Net Profit ₹131.9 Cr, Up 238.2% YoY
Indo Count Industries Ltd reported revenue from operations of ₹1,673 Cr (+57.5% YoY) and net profit of ₹131.9 Cr (+238.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹131.9 Cr · +238.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Maintained FY27 revenue guidance of ₹5,500 Cr and target of ₹8,000 Cr by CY28.
Growth they described
Revenue grew 27% YoY and 13% QoQ; EBITDA margins expanded to 13.1% through better operating leverage.
Call details
| Company | Indo Count Industries Ltd |
|---|---|
| NSE symbol | ICIL |
| ISIN | INE483B01026 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 2:00 PM IST |
| Length | 49 min |
| Audio | Our stream on YouTube ↗ |
Indo Count Industries Ltd: key numbers
- Share price
- ₹489.85
- Market cap
- ₹9,702 Cr
- Revenue (annual)
- ₹4,141 Cr
- Net profit (annual)
- ₹126.7 Cr
- P/E (TTM)
- 39.8×Sector 48.4×
- Promoter holding
- 58.74%+0.00% QoQ
- FII holding
- 10.68%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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