Ion Exchange (India) Earnings Call Transcript: Key Takeaways
Q2 FY27 EBITDA loss of ₹848 Mn and net loss of ₹828 Mn on ~8% revenue decline. Legacy-project overrun booked in one go. H2 recovery depends on deferred dispatches and the Hyundai order.
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Q2 FY27 EBITDA loss of ₹848 Mn and net loss of ₹828 Mn on ~8% revenue decline. Legacy-project overrun booked in one go. H2 recovery depends on deferred dispatches and the Hyundai order.
Record Q2 FY27 EBITDA ₹259 Cr (15.3% margin) on 57% income growth; margin beat is real, but FY27 targets rest on hedged language.
Management reports record Q2: revenue +16.9%, EBITDA margin 31%, PAT +34.8%. Revenue growth guidance was cut to 1.2-1.5x industry, blamed on one export customer and West Asia. EBITDA margin guidance was raised to 29-30%.
Record Q2 revenue ₹4,816 Cr (+28.1%) and PAT ₹111 Cr (+37.1%); working capital outflow ₹272 Cr, mostly an international collection delay.
Record consolidated revenue of ₹1,780 Cr (+28.5% YoY) and PAT up 46%, but MDF margins are still about 8% and FY28 guidance was withheld.
Standalone revenue hit a record ₹1,722 Cr (+19%), but EBITA fell 6% and margin dropped to 11% from 14% on input-cost inflation. Management is confident about margin recovery but gave no numbers. Cash flow weakened on inventory build.
Total Transport Systems reported strong Q2 FY27 results with significant revenue and profit growth driven by high freight rates and a recovering LCL segment.
Saksoft reported stagnant quarterly revenue as AI-driven efficiency gains cannibalize traditional billing hours.
Q2 FY27 revenue Rs.1,900 Cr (+19%), PAT Rs.40 Cr (+149%), EBITDA margin 6.9%. H1 revenue Rs.4,319 Cr (+30%), PAT Rs.161 Cr. Store expansion continues to 229 stores.
Q2 FY27 revenue Rs446 Cr (+31% YoY), EBITDA Rs92 Cr at 20.6% margin, adjusted PAT Rs56 Cr. Strategy: vertical integration, value-added yarns, green energy.
Q2 FY27 consolidated operating loss: operating income INR 6,747 Mn (-8.1% YoY), EBITDA INR (848) Mn, PAT INR (828) Mn, driven by legacy project cost revisions.
Q2 FY27 standalone revenue Rs2,269 Cr (+18.9% YoY) and PAT Rs149 Cr (+8.8%). PBDIT margin fell to 9.8% from 11.2% on raw material inflation.
H1 FY27 consolidated revenue ₹291.93 Cr (+38% YoY), EBITDA ₹55.73 Cr at 19.09% margin, PAT ₹37.72 Cr (+32%). Capacity expansion to ~26,000 MVA planned.
Q2 FY27 revenue ₹630.5 Cr (+14.3%), EBITDA ₹82.5 Cr (13.1% margin), PAT ₹45.7 Cr (+25.3%). Bakery outgrew biscuits; capacity expansion continues.
Diffusion Engineers reported strong Q2 revenue growth of 50.7%, though EBITDA margins contracted due to raw material and energy cost pressures.
Sangam reported its best-ever quarter with revenue crossing ₹1,000 Cr, driven by high capacity utilization across divisions.
Q2FY27 revenue Rs 452 Cr (+16.9% YoY), PAT Rs 24 Cr (+21.3%). H1 PAT Rs 50 Cr (+19.4%). EBITDA margin compressed to 13.5% on gross margin decline and inventory build.
H1 FY27 consolidated revenue ₹7,504.94L (+78.52%), PAT ₹944.30L (+53.01%), EBITDA margin 19.38%. Order book ₹370+ Cr; expanding into CBG, renewables and LNG/CNG.
Q2 FY27 consolidated revenue Rs 57,553 cr (+25%) and PAT Rs 4,588 cr (+25%). H1 PAT +29%, H1 EPS Rs 89.5, annualised RoE 21%.
Q2 FY27 consolidated revenue Rs 48,700m (+20.8% YoY), EBITDA Rs 7,780m (16.0% margin), standalone PAT Rs 3,708m (+19.6% YoY). Indian manufacturing growth guidance maintained; overseas under strategic review.
H1 FY27 revenue ₹143.39 Cr (+21.1% YoY), PAT ₹12.56 Cr (-11.6% YoY), EBITDA margin 14.0%. Pending all-share Pacific Global FZCO acquisition.
Q2 FY27 revenue INR 538 cr (+45% YoY), EBITDA INR 151 cr (28% margin), PAT INR 79 cr (+80%). 1HFY27 total income INR 1,007 cr (+44%). Strategy: complex FDF launches, CDMO, biologics, rHA.
NDR Auto posted stable results but faces near-term margin pressure from wage hikes.
Q2 FY27 revenue ₹6,736 Mn (+35% YoY), Adj EBITDA ₹142 Mn (2.1%), PAT turns positive at ₹6 Mn. Core-led profitability; Emerging still loss-making.
Credo Brands (Mufti) delivered its highest quarterly revenue but remains cautious due to macroeconomic inflationary pressures.
Q2 FY27 revenue ₹80.2 Cr (+43.2% YoY), PAT ₹5.1 Cr (+325%), EBITDA margin 25.6%. H1 FY27 revenue ₹145 Cr (+37.2% YoY).
Record Q2FY27 consolidated revenue ₹385 cr (+25.4% YoY), PAT ₹29.5 cr (+32.8%), EBITDA margin 11.3%. Orders on hand ₹1,109 cr (+19%).
Q2 FY27: total income ₹1,146 Cr (+42.4% YoY), PAT ₹201 Cr (+169.1% YoY), RoE 27.9%. Disbursals ₹7,701 Cr, managed AUM ₹23,892 Cr. Digital-only, credit-led lender using a hybrid LSP and NBFC model.
Exide delivered robust revenue growth and significant EBITDA margin expansion despite volatile input costs.
HMVL Q2FY27: total revenue INR248cr (+22% YoY), EBITDA INR74cr (30% margin), PAT INR56cr (+63%). Other income (+90%) drove much of the profit growth.