Bajaj Steel Q2 FY27: revenue falls 11% YoY to Rs 155.2 Cr, management expects progressive margin recovery
Q2 FY27 revenue down 11% YoY to Rs 155.2 Cr and PAT down 64% to Rs 7.7 Cr as EBITDA margin fell to 8.0% from 18.2%.
By ScoutQuest · · 1 min read
- Q2FY27 Revenue
- Rs 155.2 Cr, up 29% QoQ but 11% lower YoY
- Q2FY27 PAT
- Rs 7.7 Cr, down 64% from Rs 21.3 Cr
- EBITDA Margin
- 8.0% against 18.2% a year earlier
- Period
- Q2 & H1 FY27
- Positioning
- The company presents itself as the world leader in cotton ginning machinery — ~35–40% global share, 50% domestic share, 50%+ revenue from exports, presence in 60+ countries — operating five engineering divisions.
📉 Consolidated revenue from operations was Rs 155.2 Cr in Q2FY27, up 29% QoQ but 11% lower YoY; EBITDA fell 61% to Rs 12.4 Cr and PAT fell 64% to Rs 7.7 Cr from Rs 21.3 Cr, with EBITDA margin at 8.0% against 18.2% a year earlier.
📈 The company says gross margin moderated to 45.7% from 52.5% in Q2FY26 because higher steel and other input costs could not be fully passed on in existing orders, though EBITDA margin improved 313 bps QoQ; Other Businesses grew 19% YoY to Rs 64.7 Cr, 42% of Q2FY27 revenue, and during H1FY27 Infrastructure and Heavy Engineering revenue grew ~30% and ~44% YoY.
📋 The company reports a Rs 560 Cr order book as of November 6, 2026 — Rs 350 Cr in Cotton Ginning Machinery and Rs 210 Cr across Other Businesses — and management states that new orders are being priced to reflect prevailing input costs, with progressive margin recovery expected over the coming quarters on better execution and operating efficiencies.
🏭 Full-year FY26 consolidated revenue from operations was Rs 524.2 Cr with PAT of Rs 36.9 Cr; the presentation shows FY26 net worth of Rs 424 Cr, net debt to equity of -0.1x and cash flow from operations of Rs 78 Cr, with bank loan facilities of Rs 194 Cr rated CRISIL A/Stable long term and CRISIL A1 short term.
Also from Bajaj Steel Industries
Board approves Q2 and H1 results; auditor review conclusion unmodified
6 Nov 2026
Board meeting on November 06, 2026 to approve September quarter results
31 Oct 2026
More numbers
- Revenue from operations, Q2FY27155.2 (Rs Cr)
- PAT, Q2FY277.7 (Rs Cr)
- EBITDA margin, Q2FY278.0%
- EBITDA, Q2FY2712.4 (Rs Cr)
- Revenue from operations YoY change, Q2FY27-11%
- Revenue from operations, H1FY27275.6 (Rs Cr)
- Gross margin, Q2FY2745.7%
- Other Business revenue, Q2FY27Rs 64.7 Cr
- Order book, as on November 6, 2026Rs 560 Cr
- Net worth, FY26424 (Rs Cr)
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