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The Quarter story
The two most recent quarterly results, compared side-by-side.
Revenue and order book expand steadily, but rising costs and volatile income squeeze profit margins.
Consolidated revenue grew from ₹755.8 Cr in Q2 FY26 to ₹1,025.6 Cr in Q1 FY27, showing steady top-line recovery.
Profit after tax dropped from ₹178.7 Cr in Q2 FY26 to ₹30.3 Cr in Q1 FY27, reflecting sharp bottom-line compression.
Order book expanded from ₹12,971 Cr in Q2 FY26 to ₹13,930 Cr in Q1 FY27, securing future delivery pipelines.
Raw material costs rose from ₹366.1 Cr in Q2 FY26 to ₹666.4 Cr in Q1 FY27, squeezing operating margins.
Commercial explosives revenue share jumped from 6% in Q2 FY26 to 23% in Q1 FY27, diversifying the business mix.
PAT margin fell from 23.6% in Q2 FY26 to 3.0% in Q1 FY27, highlighting severe profitability erosion.
Finance costs fell from ₹10.9 Cr in Q1 FY26 to ₹6.9 Cr in Q1 FY27, improving debt servicing efficiency.
Other income crashed from ₹230.7 Cr in Q2 FY26 to ₹17.8 Cr in Q1 FY27, removing a key earnings buffer.