Q2 FY27 revenue up 64.2% YoY to ₹ 2,210 Mn; EBITDA up 116.0%; PAT up 1,084.8%
Q2 FY27 (quarter ended September 30, 2026).
By ScoutQuest · · 4 min read
- Q2 FY27 Revenue
- ₹ 2,210 Mn, up 64.2% YoY
- Q2 FY27 EBITDA
- ₹ 194 Mn, up 116.0% YoY
- Q2 FY27 PAT
- ₹ 39 Mn, up 1,084.8% YoY
Quarter and half-year scorecard
The company's press release covers the unaudited financial results for the quarter and half year ended September 30, 2026, together with business updates from its Geon new-energy division. The figures below are as stated, in ₹ Million.
- Q2 FY27 revenue: ₹ 2,210 Mn, up 64.2% year-on-year (YoY) and 77.5% quarter-on-quarter (QoQ). Q2 FY26 revenue was ₹ 1,346 Mn; Q1 FY27 was ₹ 1,245 Mn.
- Q2 FY27 EBITDA: ₹ 194 Mn, up 116.0% YoY from ₹ 90 Mn and up 212.4% QoQ from ₹ 62 Mn. EBITDA margin was 8.8%, an expansion of 210 bps YoY and 378 bps QoQ.
- Q2 FY27 PAT: ₹ 39 Mn, up 1,084.8% YoY from ₹ 3 Mn, against a loss of ₹ (17) Mn in Q1 FY27. PAT margin was 1.8% versus 0.2% in Q2 FY26.
- H1 FY27 revenue: ₹ 3,455 Mn, up 56.6% YoY from ₹ 2,206 Mn — equivalent to 77% of the full-year FY26 revenue of ₹ 4,511 Mn.
- H1 FY27 EBITDA: ₹ 256 Mn, up 326.2% YoY from ₹ 60 Mn, nearly 2.5x the entire FY26 EBITDA of ₹ 104 Mn. Margin was 7.4% versus 2.7%.
- H1 FY27 PAT: ₹ 22 Mn, positive, against a loss of ₹ (73) Mn in H1 FY26; FY26 as a whole showed a loss of ₹ (54) Mn. PAT margin was 0.6%, an improvement of 390 bps YoY.
Segment mix: Geon and extrusion machinery
- Geon Q2 FY27 revenue: ₹ 1,659 Mn, about 2.5x YoY, contributing 75% of consolidated revenue.
- Extrusion machinery Q2 FY27 revenue: ₹ 550 Mn.
- H1 FY27 Geon revenue: ₹ 2,361 Mn, 2.1x YoY, contributing 68% of consolidated revenue versus 34% in H1 FY26.
- H1 FY27 extrusion machinery revenue: ₹ 1,094 Mn. The release describes the machinery business as reflecting a softer near-term cycle, with its underlying strengths stated as intact.
Business updates shared
- Geon received a Letter of Intent from one of India's top three two-wheeler manufacturers, and will collaborate with the customer on development and supply of two battery programmes, along with a dedicated plant in South India.
- Geon secured a Letter of Nomination from the top passenger vehicle manufacturer in Vietnam for development and supply of battery packs.
- Entry into high-voltage battery packs for passenger cars, using cell-to-pack technology.
- Commissioning of a 10 MW / 20 MWh BESS at Phalodi, Rajasthan, under the requirements of Rajasthan Rajya Vidyut Prasaran Nigam Limited.
- Commissioning of a second 10 MW / 20 MWh BESS at Jaisalmer, Rajasthan, on a turnkey EPC basis, covering engineering and design, procurement and supply of equipment, installation, testing and commissioning, in line with the Rajasthan Integrated Clean Energy Policy, 2024. Together, this is 20 MW / 40 MWh of grid-scale storage in Rajasthan across two projects.
- At the Khavda renewable energy hub in Gujarat, Phase 1 of 2.88 GWh was commissioned in June 2026 within five months of project initiation, with Geon as nodal agency for system integration, execution, testing and commissioning. The client has initiated Phase 2 of 7.5 GWh.
Corporate actions
- On October 5, 2026, the company incorporated Geon International FZ-LLC, a Free Zone Limited Liability Company in the Ras Al Khaimah Economic Zone (RAKEZ), UAE, as a 100% wholly owned subsidiary with an initial subscribed share capital of AED 3.9 Mn. It will act as the intermediary holding company for international business and is intended to hold the proposed subsidiary in Vietnam, which will set up a battery pack manufacturing facility.
- A preferential issue of ₹ 1,410 Mn is stated to strengthen the balance sheet and fund the next growth phase.
What management said
Managing Director Mr. Anand Kabra described Q2 FY27 as a clear step-change in the company's financial profile, noting consolidated revenue growth of 64.2% YoY, EBITDA more than doubling to ₹ 194 Mn and PAT of ₹ 39 Mn. For the half year, he referred to revenue growth of 56.6% YoY, EBITDA growing more than four-fold to ₹ 256 Mn, and a profit of ₹ 22 Mn against a loss of ₹ 73 Mn in H1 FY26. He also referred to the widened strategic canvas — high-voltage battery packs for four-wheeler passenger cars, the collaboration with a leading Indian two-wheeler manufacturer, the nomination from the leading passenger vehicle manufacturer in Vietnam, the 20 MW / 40 MWh of grid-scale BESS commissioned in Rajasthan on an EPC basis, the 2.88 GWh Phase 1 at Khavda and the now-initiated 7.5 GWh Phase 2 — and to the UAE subsidiary formalising the structure for international expansion.
Points a retail investor may note
- These are unaudited results for the quarter and half year ended September 30, 2026.
- The two-wheeler development is described as a Letter of Intent and the Vietnam one as a Letter of Nomination.
- The release carries a disclaimer that certain statements are forward-looking and subject to risks and uncertainties.
Also from Kabra Extrusiontechnik
Board Meeting Outcome: Q2/H1 FY27 results approved, Extrusion Division CEO change, internal auditors re-appointed
15 Oct 2026
GEON commissions 10 MW / 20 MWh battery storage project at Jaisalmer on EPC basis
8 Oct 2026
Board meeting on October 15, 2026 to consider and approve September quarter and half year results
7 Oct 2026
More numbers
- Q2 FY27 revenue₹ 2,210 Mn
- Q2 FY27 EBITDA₹ 194 Mn
- Q2 FY27 PAT growth YoY1,084.8%
- Q2 FY27 revenue growth YoY64.2%
- H1 FY27 revenue₹ 3,455 Mn
- H1 FY27 EBITDA₹ 256 Mn
- Geon Q2 FY27 revenue₹ 1,659 Mn
- Preferential issue₹ 1,410 Mn
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.