ALFA Finder
The call ran from 5:01 PM to 6:01 PM IST (1 h 1 min).
Key takeaways
Revenue +29% YoY, partly from inventory liquidation. EBITDA margin fell 3.8 points and PAT was flat. Management raised FY27 revenue guidance to 30% while deferring margin pressure to Q3–Q4.
| Revenue guidance | 25.0% → 30.0% Raised by 5.0 percentage points |
|---|---|
| Management target | Revenue 30.0% FY27 |
| Revenue growth | Revenue +29.4% YoY, +10.6% QoQ; partly inventory liquidation-driven. |
|---|---|
| Margins | EBITDA margin 24.5% vs 28.3% YoY; FY27 guided 25–26%. |
| Order book | Executable order book ₹145 Cr, about three months' sales. |
| Demand visibility | Management cites commodity-driven mining and earthmoving demand; no multi-year orders. |
| Management confidence | Optimistic; defensive on margins, declined to quantify margin impact. |
Growth
Revenue ₹138 Cr, +29.4% YoY, +10.6% QoQ, partly from inventory liquidation. Volume +28% YoY, but capacity utilisation fell to 57%.
Outlook
FY27 revenue growth ~30% (up from 25%). EBITDA margin 25–26%. FY27 capex ~₹60 Cr of ₹151 Cr total plan.
Risks
EBITDA margin down 3.8 points YoY and PAT margin 16.9% vs 21.8%. Gas costs roughly doubled, the Q3 margin hit is unquantified, and guidance is internally inconsistent.
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
Steelcast Q2 FY27 Results: Net Profit ₹23.7 Cr, Up 2.2% YoY
Steelcast Ltd approved Q2 FY27 standalone results, declared Rs 0.45 second interim dividend, and approved an additional Rs 31 Crore investment for 3,250 tons of capacity. The company's total planned investment now stands at Rs 151 Crore.
- Key figure
- Net profit ₹23.7 Cr · +2.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided 25% revenue growth for FY27 and 20% CAGR over the coming years. New 8,500-ton greenfield plant expected by March FY28.
Growth they described
17% YoY revenue growth driven by robust mining, earthmoving, and construction demand. 19% PAT growth reflects strong operational efficiency.
Call details
| Company | Steelcast Ltd |
|---|---|
| NSE symbol | STEELCAS |
| ISIN | INE124E01038 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 5:00 PM IST |
| Length | 1 h 1 min |
| Audio | Our stream on YouTube ↗ |
Steelcast Ltd: key numbers
- Share price
- ₹385.05
- Market cap
- ₹3,897 Cr
- Revenue (annual)
- ₹423.2 Cr
- Net profit (annual)
- ₹86.86 Cr
- P/E (TTM)
- 42.7×Sector 52.1×
- Promoter holding
- 45.00%+0.00% QoQ
- FII holding
- 0.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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