GVT&D Q2 FY27 Guidance vs Delivery (GVT&D Management Mirror)

Q2 FY27 EBITDA Margin Reaches 27.1%, Delivering Mid-20s Band Guided in Mar'26 Qtr

In Sep'26 Qtr, the company reported an EBITDA margin of 27.1% (INR 5,497 million) with H1 EBITDA margin at approximately 26.2%, as per Quarterly Financial Results and management commentary. This performance tracks at the higher end of the mid-20s EBITDA margin guidance for FY27 initially issued in the Mar'26 Qtr concall and reaffirmed in the Jun'26 Qtr. Consequently, management reaffirmed its expectation to deliver full-year FY27 EBITDA margins in the mid-20s band, highlighting that the current trajectory aligns closely with this target.