Q2 FY27 revenue up 36.6% YoY to Rs. 234.3 crore; operating margin narrows to 13.3%
Q2 FY27 revenue: Rs. 234.3 crore, up 36.6% YoY.
By ScoutQuest · · 2 min read
- Q2 FY27 Revenue
- Rs. 234.3 crore, up 36.6% YoY
- Operating EBITDA Margin
- 13.3% vs 16.2% a year ago
- Q2 Profit After Tax
- Rs. 19.0 crore
Headline numbers
- Total revenue of Rs. 234.3 crore in Q2 FY27, a rise of 36.6% over the same quarter last year. For the half year, total revenue was Rs. 422.4 crore.
- Operating EBITDA margin was 13.3% in Q2 FY27, against 16.2% in Q2 FY26.
- Profit after tax was Rs. 19.0 crore for the quarter and Rs. 35.9 crore for the half year.
The company described Q2 FY27 as its highest-ever quarterly revenue, driven mainly by realisation growth along with new product introductions.
Why the margin percentage looks thinner
Management said that in the AHF business, gross profit per tonne remained largely stable. In its words, the moderation in gross margin percentage is primarily because higher product realisations increased the revenue base, which lowers the margin percentage even when profit per tonne holds. Two other factors were mentioned: elevated sulphur prices raising input costs, and newly introduced products still being in their initial ramp-up phase, where gross margins are yet to reach optimal levels.
Capacity and projects
The company enhanced its Solar Grade DHF manufacturing capacity through debottlenecking, at nominal capital expenditure, and said its HFC-32 refrigerant gas project continues to progress as per the pre-determined timeline.
Fund raise
A preferential issue of about Rs. 100 crore, led by promoter Anupam Rasayan, was completed during the quarter. The company said this strengthens its financial position to support expansion plans.
What management expects
Management expects H2 FY27 to be stronger than H1 FY27, helped by improved operating leverage from moderating raw material prices and the scale-up of newly introduced products, and said it is beginning to see signs of sulphur price moderation. These are forward-looking statements, and the update notes they carry risks and uncertainties.
What a retail investor can track
- Whether the gross margin percentage recovers as the new products gain volume
- The trend in sulphur and other input prices, which management flagged as a cost pressure
- Progress on the HFC-32 project against its stated timeline
- How the funds from the preferential issue are deployed
- Whether the stated expectation of a stronger second half plays out
Also from TANFAC Industries
TANFAC Industries Q2 FY27 presentation: highest-ever quarterly revenue of ₹230.5 crore, HFC-32 plant targeted for Q3 FY27
2 Nov 2026
TANFAC lifts Solar Grade DHF capacity to 25,000 MTPA; Q2 FY27 operating EBITDA margin falls to 13.3%
2 Nov 2026
Board approves unaudited Q2 and H1 FY27 results; QIP and preferential allotment details, plant capex update
2 Nov 2026
More numbers
- Q2 FY27 Total Revenue234.3
- Q2 FY27 revenue growth YoY36.6%
- Q2 FY27 Operating EBITDA Margin13.3%
- Q2 FY26 Operating EBITDA Margin16.2%
- Q2 FY27 Profit After Tax19.0
- H1 FY27 Total Revenue422.4
- H1 FY27 Profit After Tax35.9
- Preferential issue completed~₹100 crores
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