KROSS Q2 FY27 Guidance vs Delivery (KROSS Management Mirror)

Q2 FY27 EBITDA Margin Reported at 13.0%, Falling Short of 14%-15% Guided in Mar'26 Qtr

In Q2 FY27, the EBITDA margin was reported at 13.0% in the Quarterly Financial Results. This fell short of the 14% to 15% operating EBITDA margin trajectory that management had guided in the Mar'26 Qtr concall to be maintained across future quarters. Moving forward, management stated in the Sep'26 Qtr concall that providing a timeline for returning to 14% to 15% EBITDA margins remains difficult due to continued quarterly steel price increases and pending escalations. However, conversion cost settlements recently concluded with OEMs and Tier 1 customers are expected to support performance in Q3 FY27 and Q4 FY27 retrospectively.