MMP Industries Limited (NSE: MMP) has announced its financial results for the second quarter and half year (Q2FY27 and H1FY27) ended September 30, 2026, marking a significant milestone with record quarterly and half-yearly revenue. The company’s total income grew 34% year-on-year (YoY) to ₹2,529 million in Q2FY27, compared to ₹1,882 million in Q2FY26. Profit After Tax (PAT) surged 73% YoY to ₹121 million in Q2FY27, reflecting improved operating performance and profitability.

Key Financial Highlights

The company’s consolidated financial performance for Q2FY27 and H1FY27 is as follows:

• Total Income grew 34% YoY to ₹2,529 million in Q2FY27, compared to ₹1,882 million in Q2FY26.
• Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) increased 44% YoY to ₹193 million in Q2FY27, compared to ₹134 million in Q2FY26.
• EBITDA margin improved by 53 basis points (bps) YoY to 7.65%, compared to 7.12% in Q2FY26.
• PAT grew 73% YoY to ₹121 million in Q2FY27, compared to ₹70 million in Q2FY26.

Segmental Performance

The company’s business segments delivered robust performances:

• The Aluminium Powders segment grew revenue by 37% YoY to ₹1,610 million in Q2FY27, driven by strong demand and export performance.
• The Aluminium Foils segment saw a 47% YoY revenue increase to ₹748 million in Q2FY27, supported by sustained demand.
• The Aluminium Conductors and Cables segment experienced a 16% YoY revenue decline to ₹156 million in Q2FY27, primarily due to monsoon-related project delays.

MMP Industries Limited remains optimistic about its future growth prospects, with plans for expansion and increased market presence.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of MMP Industries Limited

MMP Industries Limited belongs to the Basic Materials › Aluminum sector. Here’s a quick read on where the business and the stock stand today.

MMP gains 74.0% over three months and trades near its 52-week highs. Thin margins at 5.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. Buyers show up with 1.7x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The business grows revenue at 15.2% and profits at 13.3%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.87 premium is usually justified. Check Fundamentals of MMP Industries Limited.

UPL Limited (NSE: UPL) has reported its financial results for Q2 and H1 FY27, showcasing profitable growth despite global headwinds. The company’s revenue for the quarter was ₹11,860 crore, down 1% year-on-year, while the half-year revenue stood at ₹22,041 crore, up 4% YoY. The operational PATMI (excluding exceptional items) increased by 33% to ₹441 crore, driven by higher EBITDA and other income.

Q2 Highlights

The second quarter of FY27 saw revenue broadly flat YoY, with favorable FX tailwinds offsetting a decline in global crop protection volumes. However, the platform segments showed robust growth: Specialty Chemicals grew by 50%, and Seeds and Post harvest by 12%. Regions like North America and Rest of the World (RoW) contributed significantly with growth rates of 19% each.

H1 Highlights

For the first half of FY27, revenue increased by 4% to ₹22,041 crore, led by strong performances from Advanta and SUPERFORM. The company’s contribution and EBITDA margins expanded by 140 bps and 80 bps respectively, resulting in 7% and 9% absolute growth. The operational PATMI for the half-year was ₹441 crore, up 33% from the previous year, primarily due to higher EBITDA and other income.

Jai Shroff, Chairman & Group CEO of UPL Limited, remarked, ‘Our results this quarter reflect the strength of the diversified model we have built. Despite a volatile global backdrop, our businesses continued to execute with discipline; Advanta and SUPERFORM delivered strong growth, while our crop protection businesses navigated phased demand and challenging weather. With rising commodity prices potentially setting the stage for better farm economics, we remain focused on building a stronger and future-ready UPL, and on creating long-term value for all our stakeholders.’ Bikash Prasad, Group CFO, added, ‘Our first half performance underscores the resilience of UPL’s earnings in a challenging environment. Eight consecutive quarters of margins and EBITDA growth reflect our continued focus on quality of earnings, sharper portfolio decisions, and firm cost and capital discipline. These choices have allowed us to protect margins despite continued global headwinds. Our capital priorities are unchanged: converting earnings into cash, deleveraging, and improving returns. Proactive refinancing and improved outlooks from S&P and CRISIL reflect a balance sheet that is getting stronger.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of UPL Limited

UPL Limited belongs to the Basic Materials › Agricultural Inputs sector. Here’s a quick read on where the business and the stock stand today.

UPL falls 13.3% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -1.2% CAGR. That signals structural headwinds, not a short-term blip. The stock sits at 17% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at -1.2% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of UPL Limited.

Sarda Energy & Minerals Limited (SARDAEN) has unveiled its investor presentation for Q2 & H1 FY27, showcasing strategic direction and business overview. Despite operational shutdowns, the company delivered resilient performance, achieving its highest-ever half-yearly EBITDA. The presentation highlights the company’s foray into manganese mining, with the Avagudem manganese ore mine expected to strengthen raw material security and integrated operations.

Strategic Direction

The company’s strategic direction includes expanding into manganese ore mining, which marks a significant milestone. The mine’s location, less than 100 km from the ferro alloy plant in Visakhapatnam, offers logistical advantages. This move is expected to deepen mine-to-metal integration, enhancing raw material security and improving cost competitiveness.

Business Overview

The business overview reveals a diversified portfolio with energy contributing over 75% of consolidated EBITDA in H1 FY27. Despite a 47-day maintenance shutdown at the 600 MW thermal power plant, generation stood at 894 Mn kWh. The pellet plant achieved a record H1 production of 4,29,059 MT. However, the 30 MW turbine replacement impacted steel production until mid-August.

Financial Performance

Financially, the company reported total income of Rs. 1,505 Cr, a 5.7% YoY growth. EBITDA was Rs. 564 Cr, down 2.7% YoY. Profit After Tax (PAT) was Rs. 320 Cr, down 2.2% YoY. The Q2 FY27 net profit includes a one-time net benefit worth Rs. 15 crore relating to the regulatory approval of the final project cost for the 113 MW Sikkim Hydropower Plant.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Sarda Energy & Minerals Limited

Sarda Energy & Minerals Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.

Sarda trades in the lower quarter of its 52-week range. The PEG of 0.68 signals undervaluation relative to growth. It is a potential re-rating candidate. Revenue grows at 10.4% and profits at 22.5% CAGR. The market consistently rewards this kind of compounding. The stock sits at 21% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 10.4% and profits at 22.5%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Sarda Energy & Minerals Limited.