ALFA Finder| 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)
Earnings Call Transcript filed with NSE, NSE: ARDEE. Summary written with AI assistance from the document.
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.
More from Ardee Industries Ltd
All →Ardee Industries Other Announcement
Ardee Industries filed a monitoring agency report on IPO proceeds for the quarter ended September 30, 2026. The report found no deviation from the offer objects.
Ardee Industries Investor Presentation: Key Takeaways
Q2 FY27: revenue INR 3,248 Mn, EBITDA INR 290 Mn, PAT INR 181 Mn; H1 revenue INR 6,636 Mn, PAT INR 380 Mn. Capacity raised to 1,56,950 MTPA; no numeric guidance.
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
Ardee Industries Board Meeting Date
Ardee Industries will hold a board meeting on November 12, 2026. The board will consider unaudited financial results for the quarter ended September 2026.
Ardee Industries Other Announcement
Ardee Industries' quarterly shareholding pattern for the quarter ended 30 September 2026 shows promoters holding 67.62%. This is a routine Regulation 31 disclosure, not a transaction.
Ardee Industries Annual General Meeting
Ardee Industries issued notice for its AGM on 1 December 2026 with four ordinary resolutions. Agenda covers accounts, director re-appointment and auditor fees.