Industrials
Nupur Recyclers Limited Q2 FY27: PAT More Than Doubles Yoy to ₹879.84 Lakh
Nupur Recyclers Limited (NSE: NRL) announced record Q2 FY27 earnings with PAT more than doubling YoY to ₹879.84 Lakh.
Nupur Recyclers Limited (NSE: NRL) has announced its Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026, marking a record performance in Q2 FY27. The company’s Profit After Tax (PAT) more than doubled year-on-year to ₹879.84 Lakh, registering a growth of 103.06%. This impressive financial performance is supported by enhanced production capacity, new orders, and operational efficiencies.
Financial Performance
In Q2 FY27, Total Revenue surged 124.86% year-on-year to ₹11,620.80 Lakh. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also surged 148.48% year-on-year to ₹1,572.95 Lakh, achieving a margin of 13.54%. The PAT expanded 103.06% year-on-year to ₹879.84 Lakh, with a PAT margin of 7.57%.
Subsidiary Contributions
The core subsidiaries also contributed significantly to the overall performance. Tycod Autotech Private Limited reported a revenue of ₹1,583.30 Lakh in Q2 FY27, with capacity utilisation rising to 30% from 10% in Q1 FY27. Frank Metals Recyclers Limited reported a revenue of ₹6,422.80 Lakh, and Nupur Extrusion Private Limited reported a revenue of ₹1,347.96 Lakh.
Future Prospects
Looking ahead, Nupur Recyclers Limited is on track to commission its 6,000 MTPA Lithium Iron Phosphate (LFP) Battery Recycling facility in Q4 FY27. This project, funded through internal accruals, is expected to position the company early in a segment anticipated to see significant growth as India’s EV and energy storage ecosystem matures. The company remains committed to disciplined capital allocation and a strong balance sheet as it scales.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Nupur Recyclers Limited
Nupur Recyclers Limited belongs to the Industrials › Waste Management sector. Here’s a quick read on where the business and the stock stand today.
Nupur gains 47.7% over three months and trades near its 52-week highs. The PEG stands at 13.40 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 7.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. RSI hits 76, a level that signals the stock runs hot. Notably, buyers drove volume on 17 recent sessions — though at these levels, some profit-taking is normal. The stock rises 47.7% in three months on 4.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Nupur Recyclers Limited.
Industrials
Markolines Pavement Technologies Limited (markolines) Q2 & H1 FY27: Ebitda Up 24.62% Yoy
Markolines Pavement Technologies Limited (MARKOLINES) reports strong Q2 & H1 FY27 earnings with EBITDA up 24.62% YoY.
Markolines Pavement Technologies Limited (NSE: MARKOLINES), a leading highway operations and maintenance (O&M) and specialized infrastructure solutions company, announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported an EBITDA of ₹11.34 crore, registering a 24.62% year-on-year growth in Q2 FY27. Moreover, revenue from operations stood at ₹86.02 crore, reflecting a 10.75% YoY increase. The company’s strong performance is driven by better project execution and in-house capabilities.
Financial Highlights
For H1 FY27, revenue from operations reached ₹161.88 crore, marking a 7.64% growth year-on-year. EBITDA increased by 16.95% to ₹20.51 crore, while PAT stood at ₹9.31 crore. The company’s EBITDA margin improved to 12.67%, and PAT increased by 18.25% to ₹4.95 crore in Q2 FY27.
Key Developments
The company secured two work orders from the Brihanmumbai Municipal Corporation (BMC), aggregating to ₹135.20 crore (inclusive of GST), for microsurfacing and resurfacing works on Mumbai’s Eastern and Western Express Highways. Additionally, Markolines continues to explore opportunities in Marine Infrastructure Construction & Maintenance, including jetty construction and the repair and maintenance of marine facilities.
As the company remains focused on leveraging its in-house capabilities, strengthening working capital management, and improving project execution efficiency, it aims to support its future growth ambitions.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Markolines Pavement Technologies Limited
Markolines Pavement Technologies Limited belongs to the Industrials › Infrastructure Operations sector. Here’s a quick read on where the business and the stock stand today.
Markolines moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.72 signals undervaluation relative to growth. It is a potential re-rating candidate. Thin margins at 7.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock holds at 51% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. Revenue grows at 9.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Markolines Pavement Technologies Limited.
Industrial Distribution
Jinkushal Industries Limited (jkipl) Announces Unaudited Financial Results for Q2 FY27: Revenue Surges 69.5% Yoy
Jinkushal Industries Limited (JKIPL) reports unaudited financial results for Q2 FY27, with standalone revenue up 69.
Jinkushal Industries Limited (JKIPL) announced unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a robust performance with standalone revenue increasing 69.5% year-on-year and consolidated revenue rising 82.5% year-on-year to ₹132.86 crore. Higher export execution, the diversified construction and mining equipment portfolio, established customer relationships, and overseas operating capabilities supported this growth.
Standalone and Consolidated Revenue Growth
Standalone revenue for Q2 FY27 increased by ₹36.31 crore year-on-year and ₹37.25 crore sequentially to ₹88.54 crore. Consolidated revenue for the same period increased by ₹60.05 crore year-on-year. For H1 FY27, standalone revenue grew 56.2% to ₹139.83 crore, while consolidated revenue grew 55.7% to ₹189.43 crore.
Profitability and Margin Movement
The higher revenue scale was accompanied by an increase in execution-related expenditure, employee costs, and financing requirements associated with the expanded business. Standalone PAT was ₹2.73 crore against ₹3.55 crore in Q2 FY26, with PAT margin at 3.09% against 6.79%. Consolidated PAT was ₹0.56 crore against ₹4.45 crore, with PAT margin at 0.42% against 6.11%.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Jinkushal Industries Limited
Jinkushal Industries Limited belongs to the Industrials › Industrial Distribution sector. Here’s a quick read on where the business and the stock stand today.
Jinkushal rises 13.1% over three months, with buying pressure holding steady. The PEG stands at 8.41 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 1.8x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The stock rises 13.1% in three months on 15.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Jinkushal Industries Limited.
Industrials
Mallcom (india) Ltd Q2 FY27: Operational Income Up 2.9% Yoy, Ebitda Margin Improves
Mallcom (India) Ltd reports Q2 FY27 results with a 2.9% YoY increase in operational income and an improved EBITDA margin.
Mallcom (India) Ltd showcased a robust performance in Q2 FY27, with operational income rising 2.9% year-on-year to INR 1,433 Mn. The company’s EBITDA margin also improved significantly, climbing 350 basis points to 10.61% from 7.11% in Q2 FY26. This growth was driven by savings in raw material costs, better unit sales realization, and lower operational expenses.
Operational Highlights
The company’s revenue for Q2 FY27 grew sequentially by 30.9% quarter-on-quarter to INR 1,433 Mn, indicating a strong recovery. Despite a 190 basis points decline in margins quarter-on-quarter, the company remains optimistic about sustaining business momentum and driving further volume growth. The addition of 50,000 sq. ft. of floor area at its Chandipur facility is expected to support garment and footwear operations.
Financial Performance
For H1 FY27, operational income declined 3.4% year-on-year to INR 2,528 Mn, but EBITDA margin improved by 93 basis points to 11.43%. The company received the ‘Eastern India Best Employer Award 2026’, recognizing its focus on people management and organizational growth.
Mallcom (India) Ltd continues to expand its manufacturing capacity and remains committed to delivering high-quality personal protective equipment to its diverse customer base.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Mallcom (India) Limited
Mallcom (India) Limited belongs to the Industrials › Security & Protection Services sector. Here’s a quick read on where the business and the stock stand today.
Mallcom trades in the lower quarter of its 52-week range. Thin margins at 5.1% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. Sellers drive 2.3x the volume of buyers. Furthermore, they controlled 18 of recent sessions versus 12 for buyers — a clear distribution signal. Revenue grows at 9.5% CAGR — a respectable pace. However, the stock drops 3.2% 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 Mallcom (India) Limited.
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