ALFA Finder
The call ran from 4:01 PM to 5:02 PM IST (1 h 1 min).
Key takeaways
Q2 weak (~₹58 Cr revenue, 14.38% EBITDA margin) on monsoon, maintenance and diesel costs. H1 revenue up 16.3% on a record ₹767 Cr order book. Management repeats its FY27 15-20% growth target with hedging and deflects promoter stake-sale questions.
| Management target | Revenue FY27 |
|---|
| Revenue growth | H1 revenue up 16.3% YoY to ₹119 Cr; Q2 subdued, ~₹58 Cr. |
|---|---|
| Margins | Q2 EBITDA margin 14.38%; H1 19.43%; diesel and input costs pressured margins. |
| Order book | ₹767 Cr, ~77% private, ~23% government sector. |
| Demand visibility | Record order book ₹767 Cr; expects further order inflow in 2-3 months. |
| Management confidence | Balanced-to-optimistic; repeats 15-20% FY27 target, hedges with 'range'. |
Growth
H1 revenue +16.3% YoY to ₹119 Cr; H1 PAT +23% to ₹13 Cr. Q2 revenue and margin fell sharply, so H1 growth rests on Q1.
Outlook
FY27 revenue target 15-20%, with the higher end not promised. Jharkhand coal production targeted FY29. Oman JV mining expected in 2-3 years.
Risks
Promoter share sales (~26.6 lakh shares, ~₹59 Cr per analyst) deflected. Q2 margin pressure and rising employee costs persist.
Last quarter's promises, checked
Partly delivered
- Order book 'should go up and up' from ₹761 Cr → ₹767 Cr, +0.8% (= PARTIAL)
- 'Significant' FY27 growth, momentum to continue → H1 +16.3%, but Q2 ~₹58 Cr vs Q1 ₹62 Cr (= PARTIAL)
Missed
- Margin 'should be maintained' from Q1 EBITDA 24.15% → Q2 14.38% (= MISS)
- Debt-free if no added capex (debt ~₹15 Cr, D/E <0.39) → FY27 capex ₹50-60 Cr guided, condition failed (= 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
South West Pinnacle Exploration Q2 FY27 Results: Net Profit ₹4 Cr, Down 52.4% YoY
South West Pinnacle Exploration Ltd reported revenue from operations of ₹57.7 Cr (-7.5% YoY) and net profit of ₹4 Cr (-52.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹4 Cr · -52.4% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Order book at all-time high of INR 761 Cr. Guidance of 20% CAGR over medium term. Coal production expected FY29.
Growth they described
Revenue reached INR 62 Cr (+54% YoY); EBITDA INR 15 Cr (+157% YoY); PAT INR 9.3 Cr (+289% YoY).
Call details
| Company | South West Pinnacle Exploration Ltd |
|---|---|
| NSE symbol | SOUTHWEST |
| ISIN | INE980Y01015 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 11 November 2026 |
| Time | 4:00 PM IST |
| Length | 1 h 1 min |
| Audio | Our stream on YouTube ↗ |
South West Pinnacle Exploration Ltd: key numbers
- Share price
- ₹163.66
- Market cap
- ₹534.4 Cr
- Revenue (annual)
- ₹243.0 Cr
- Net profit (annual)
- ₹33.03 Cr
- P/E (TTM)
- 15.0×Sector 17.1×
- Promoter holding
- 61.70%-3.11% QoQ
- FII holding
- 0.48%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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