Basic Materials
Garware Hi-tech Films Limited (grwrhitech) Delivers Record Q2 FY27: Revenue Hits All-time High Close to INR 700 Cr
Garware Hi-Tech Films Limited (GRWRHITECH) reports record Q2 FY27 revenue of INR 696 Cr, up 22% YoY, with a 28.7% H1 margin.
Garware Hi-Tech Films Limited (GHFL), a global manufacturer of Solar Control Films, Paint Protection Films, and other Specialty Films, announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company delivered record-breaking performance in Q2 FY27, with revenue from operations reaching a record ₹696 crore, registering 22% year-on-year (YoY) and 10% quarter-on-quarter (QoQ) growth.
Strong Operating Performance
The robust demand and improved realizations across product segments, despite slowdown in the Middle East amid the ongoing conflict, contributed to the strong performance. The EBITDA increased 42% YoY to INR 189 crore, with EBITDA margin expanding by 377 basis points to 27.2% from 23.4% in Q2 FY26. The improvement was driven by operating leverage and a favorable product mix, which helped offset higher raw material and logistics costs.
Robust Earnings Growth
PAT increased 42% YoY to INR 129 crore, with PAT margin expanding to 18.6% from 16.0% in Q2 FY26, reflecting improved operational performance and profitability. Cash and cash equivalents stood at INR 933 crore as of September 30, 2026, with working capital days at 29 days, reflecting prudent inventory management and disciplined control over receivables and payables as revenue scales.
Commenting on the results, Dr. S. B. Garware, Chairman and Managing Director, GHFL said: “We have delivered an exceptional performance despite significant headwinds, and we remain focused on sustainable growth and creating long-term value.” Ms. Monika Garware, Vice Chairperson and Joint Managing Director, GHFL added, “We have delivered a strong performance in Q2 and H1 FY27, achieving record quarterly revenue alongside significant growth in profitability. Our H1 EBITDA margin of 28.7%, well above our guidance range of 23%-27%, reflects the strength of our business model, a favorable product mix, continued operational efficiencies, and an enhanced focus on niche products.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Garware Hi-Tech Films Limited
Garware Hi-Tech Films Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Garware holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue grows at 14.0% and profits at 26.7% CAGR. The market consistently rewards this kind of compounding. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gains 8.4% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The business grows revenue at 14.0% and profits at 26.7%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.56 premium is usually justified. Check Fundamentals of Garware Hi-Tech Films Limited.
Basic Materials
Jindal Steel Limited Q2fy27 Earnings: Strong Financials and Industry Leadership
Jindal Steel Limited reported strong financials for Q2FY27, with INR 771 cr PAT and a 1.51x Net Debt to EBITDA ratio.
Jindal Steel Limited (NSE: JINDALSTEL) reported robust financials for Q2FY27, showcasing significant growth and operational excellence. The company posted a profit after tax (PAT) of INR 771 crore, reflecting a strong performance in the steel sector. The net debt to EBITDA ratio stood at 1.51x, indicating a healthy balance sheet. Notably, Jindal Steel achieved a revenue of INR 19,448 crore, with a production and sales figure of 2.40 MT and 2.38 MT respectively.
Industry Leadership
Jindal Steel continues to lead in the steel industry with its innovative and sustainable practices. The company has been recognized for its world’s longest 1.85 km steel slag road, earning a Guinness World Record. This initiative demonstrates Jindal Steel’s commitment to circularity and infrastructure development.
Operational Highlights
The company’s strategic initiatives, such as the commissioning of the 18 MTPA iron ore slurry pipeline and the establishment of a Centre of Excellence with IIT Hyderabad, underscore its focus on growth and innovation. Jindal Steel’s world-class assets and integrated value chain further solidify its position as a leader in the steel industry.
Despite seasonal weakness and higher coal costs impacting margins, Jindal Steel’s proactive measures and robust operational framework have enabled it to maintain strong financial health and industry leadership.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of JINDAL STEEL LIMITED
JINDAL STEEL LIMITED belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
JINDAL posts a 2.0% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -13.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 5.2% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at -13.1% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 2.0% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of JINDAL STEEL LIMITED.
Basic Materials
Central Mine Planning & Design Institute Limited (cmpdi) Reports Strong Half-year Financial Results for FY 2026-27
Central Mine Planning & Design Institute Limited (CMPDI) announces impressive financial results for the first half of FY 2026-27, with a 24% increase in PAT.
Central Mine Planning & Design Institute Limited (CMPDI) has reported robust financial results for the first half of FY 2026-27. The company’s profit after tax (PAT) surged by 23% to ₹311.11 crore compared to ₹252.69 crore in the same period last year. The revenue from operations also saw a healthy growth of 12% to ₹1074.68 crore against ₹961.12 crore in H1 FY 2025-26.
Key Financial Highlights
CMPDI’s PAT margin improved to 28.95% from 26.29% in H1 FY 2025-26. The EBITDA margin also increased to 40.54% from 36.97%. The company’s net worth rose by 17.83% to ₹2443.73 crore. The profit before tax grew by 24% to ₹419.65 crore compared to ₹338.56 crore in the previous year.
Operational Performance
The company’s sales were driven by significant contributions from its Planning & Design, Exploration, Geomatics, and Environment segments. Planning & Design segment sales grew by 23% to ₹219.47 crore, Exploration by 13% to ₹498 crore, Geomatics by 5% to ₹175.40 crore, and Environment by 4% to ₹181.81 crore.
Other income increased by 30% to ₹46.32 crore, primarily due to a surge in fixed deposit interest income. Cost of materials consumed rose by 45% to ₹14.86 crore, driven by higher diesel prices and increased consumption of drilling accessories. Employee benefit expenses grew by 1% to ₹324.26 crore due to a non-executive salary revision provision.
Looking ahead, CMPDI remains optimistic about its future prospects, with several key collaborations and exploration activities on the horizon.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Central Mine Planning & Design Institute Limited
Central Mine Planning & Design Institute Limited belongs to the Basic Materials › Other Industrial Metals & Mining sector. Here’s a quick read on where the business and the stock stand today.
Central gains 48.0% over three months and trades near its 52-week highs. Industry-leading margins of 27.3% reflect exceptional pricing power and operational efficiency. The business compounds revenue at 18.7% and profits at 27.4% CAGR. That is strong double-digit growth on both counts. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 18.7%, profits at 27.4%, and the PEG sits at 1.12 — below its growth rate. That combination is rare. Check Fundamentals of Central Mine Planning & Design Institute Limited.
Basic Materials
Shree Cement Limited Q2 FY27: Revenue Growth of 24% as Premium Portfolio Strengthens
SHREE CEMENT LIMITED (NSE: SHREECEM) reports a 24% revenue growth in Q2 FY27, driven by a robust rise in volumes and strengthened premium portfolio.
SHREE CEMENT LIMITED (NSE: SHREECEM) announced its financial results for the quarter and half year ended 30 September 2026, showcasing robust growth across key financial metrics. The company reported a 24% year-on-year revenue growth, driven by a rise in domestic sale volumes and a strengthened premium portfolio.
Operational Highlights
Total domestic sale volumes grew by 18% year-on-year, from 7.91 million tonnes to 9.31 million tonnes. Consolidated volumes were also up 14% YoY from 9.23 million tonnes to 10.52 million tonnes. Consolidated revenue grew by 24% YoY from ₹ 4,761 Crore to ₹ 5,897 Crore. Sales of premium products in India operations jumped to 28.7% of total trade volume, up from 21.1% in the corresponding quarter of the previous year.
Sustainability and Expansion
The company’s share of green electricity in total electricity consumption stood at 65.2% in Q2’FY27, one of the highest in the Indian cement industry. In September 2026, Union Cement Company, a step-down subsidiary of the Company in UAE, commissioned a new cement mill with a capacity of 3.0 million tonnes per annum, taking its total cement production capacity to 7.0 million tonnes per annum. The company is also working on setting up a greenfield integrated plant in Meghalaya, expected to be commissioned by March 2028.
Looking Ahead
Backed by initiatives to gain market share and a disciplined approach to cost and efficiency enhancement, SHREE CEMENT LIMITED is well-positioned to deliver sustainable and profitable growth in the quarters ahead.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of SHREE CEMENT LIMITED
SHREE CEMENT LIMITED belongs to the Basic Materials › Building Materials sector. Here’s a quick read on where the business and the stock stand today.
SHREE drops 15.3% over three months and trades near its 52-week lows. The PEG stands at 4.48 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Sellers drive 2.0x the volume of buyers. Furthermore, they controlled 18 of recent sessions versus 12 for buyers — a clear distribution signal. Revenue grows at 5.7% CAGR — a respectable pace. However, the stock drops 15.3% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of SHREE CEMENT LIMITED.
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