Q2 FY27 revenue ₹860 Cr, up 15% QoQ but down ~31% YoY on weak Indian Railway orders. EBITDA margin 10.2% (vs 10.8%). A ₹76 Cr exceptional JV gain props up profit, and answers on the ₹700 Cr provision were evasive.
Profit surged on a low base as paid volume rose 26.6% while average spend fell about 11%. Management deflected on pricing, conversion, market share and capital returns.
Festive-led Q2: reported PAT ₹427 Cr vs adjusted ₹333 Cr, so one-offs (customs duty, bullion gains) lift profit. Management is upbeat but gives no numeric Q3 guidance and withholds ATM metrics.
H1 FY27 revenue ₹204.5 Cr (+77.5%) and PAT ₹12.0 Cr (+103.9%) on margin expansion. Management avoids quantifying guidance, relying on 'maybe' and 'hopefully'.
Record Q2 revenue of ₹230 Cr (+37% YoY) was almost entirely price-driven. Gross margin fell to 32.5% from 39%, and PAT rose 11% to ₹19 Cr. Working capital is stretched, and the margin recovery depends on H2 ramp-up.
Q2 revenue ₹83.22 Cr (+22% QoQ) and PAT ₹8.41 Cr; H1 PAT ₹15.42 Cr. Operating cash flow was -₹26.61 Cr as receivables rose ₹51 Cr; short-term borrowings jumped to ₹64.4 Cr.
H1 FY27 consolidated revenue ₹71.5 Cr (+76.2%) and PAT ₹5.4 Cr (+124%) are strong, but operating cash burned ₹5.7 Cr on working-capital build. FY27 guidance implies a steep H2 ramp to ₹180-200 Cr.
Record Q2FY27 standalone revenue of ₹294.3 Cr (+29.6% YoY) and H1FY27 ₹530.7 Cr (+20.1%). Consolidated Q2 EBITDA margin fell to 4.3% on Elventive France costs.
Q2 revenue rose 14% to ₹1,512 Cr, but PBDIT margin fell to 6.01% from 7.73%. Management dropped its 10% appliance EBITDA target, and PAT fell about 20%.
H1 FY27 PAT doubled to ₹273 Cr; GWP up 26% ex-1/n. Loss ratio gains credited to mix; management declined to quantify drivers. Solvency drifting down to 2.03x is the watch item.
H1 FY27 revenue rose 16% to ₹70.72 Cr, but PAT fell 1.7% on higher finance costs and WIP timing. Operating cash flow stayed negative at -5.69. Growth funding relies on planned but unsecured debt or JV capital.
Q2 PAT ₹7.4 Cr (+180% YoY) and H1 PAT ₹22.5 Cr (+290%) on Imperia-led income; margins compressed QoQ to 56%, while Latitude 27 revenue slips toward FY28.
Q2 revenue up 21% YoY (H1 18%), normalized EBITDA margin up 240 bps; volume ~10%, with ~6-7% price and ~3-4% premiumisation contributing. Operating cash flow was negative in H1 on inventory build.
Revenue and EBITDA more than doubled on volume-led growth, but margin slipped to 17.1% and inventory rose to ₹1,230 Cr. Management declined to give guidance and leaned on long-term narrative.
H1 FY27 turnaround: PBT ₹131 Cr vs ₹25 Cr loss, margin up 383bps to 6.9%, net debt cut to ₹157 Cr. Q2 revenue +8%, mainly price-led. H2 ethanol outlook clouded by tender and maize costs.