| Management target | Revenue 60.0% FY27 |
|---|
| Revenue growth | Q2 +62%, H1 +67% YoY |
|---|---|
| Margins | Q2 EBITDA 11.9%, ~100bps QoQ; freight drag, recovery expected H2 |
| Order book | Rs6,500 cr Sep-26 vs Rs6,000 cr Jun-26; Rs2,100-2,200 cr intake |
| Demand visibility | Order book Rs6,500 cr; ~60% executable in FY27 |
| Management confidence | High; FY27 guidance unchanged despite geopolitics |
Growth
Q2 revenue +62% YoY, EBITDA +46%, PAT +37%. H1 revenue +67%, EBITDA +46%, PAT +41%. International 73% of Q2 revenue.
Outlook
FY27 revenue growth guidance of 60-65% over FY26 unchanged. Saudi plant revenue expected FY28. H2 capex Rs200-250 cr, funded mainly by internal accruals.
Risks
Elevated freight costs and Middle East disruption weigh on margins and debtor days (94 days). Capacity utilisation only 60-70% by year-end.
Last quarter's promises, checked
Delivered
- Guided 50% US tariff fully passed through → passed through on US contracts (= BEAT)
Partly delivered
- Guided FY27 rev +60-65% → H1 +67% YoY, H1 only (= PARTIAL)
- Guided margin rise with revenue (Q1 ~11%) → Q2 11.9%, ~+100bps QoQ, freight drag (= PARTIAL)
- Guided freight pass-through on new contracts → 'largely' passed through (= PARTIAL)
Missed
- Guided WC cycle 36 days → debtor days 94 (= MISS)
- Guided Saudi trials Dec-26, 12-18mo ramp → 'ramp slower' (= MISS)
Investor Presentation filed with NSE, NSE: KARAMTARA. Summary written with AI assistance from the document.
Karamtara Engineering Ltd: key numbers
- Share price
- ₹386.00
- Market cap
- ₹12,422 Cr
- Revenue (annual)
- ₹4,312 Cr
- Net profit (annual)
- ₹228.8 Cr
- Promoter holding
- 82.01%
- FII holding
- 1.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Karamtara Engineering Ltd
All →Karamtara Engineering Management Change
Karamtara Engineering appointed Ajoy Mehta and Sanjeeb Chaudhuri as Non-Executive Independent Directors effective November 5, 2026. Each appointment is for a 60-month term.
- Execution
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Karamtara Engineering Q2 FY27 Results: Net Profit ₹94.6 Cr, Up 37.1% YoY
Karamtara Engineering Ltd reported revenue from operations of ₹1,647 Cr (+62.0% YoY) and net profit of ₹94.6 Cr (+37.1% YoY) for Q2 FY27.
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