GRWRHITECH Q2 FY27 Guidance vs Delivery (GRWRHITECH Management Mirror)

FY27 EBITDA Margin Guidance Upgraded to 27% (+/- 2%) Following Q2 FY27 Revenue of INR 696 Crore

In Q2 FY27, the company reported revenue of INR 696 crore and EBITDA of INR 169 crore with a 24.4% margin in its Quarterly Financial Results, bringing H1 FY27 revenue to INR 1,329 crore per the Sep'26 Qtr concall. Against the initial FY27 EBITDA margin guidance of 25% (+/- 2%) issued in the Mar'26 Qtr and reaffirmed in the Jun'26 Qtr, management explicitly upgraded its full-year FY27 EBITDA margin target by 200 bps to 27% (+/- 2%), while the FY27 revenue guidance of more than INR 2,500 crore was reaffirmed. For periods beyond, management is targeting an FY28 top line exceeding INR 3,000 crore, with base margins at 27%+ and an additional 150 to 200 bps expansion expected from TPU backward integration, targeting FY28 EBITDA margins of 28% to 28.5%.