KRYSTAL Q2 FY27 Guidance vs Delivery (KRYSTAL Management Mirror)

H1 FY27 Revenue Growth Exceeds the 20% Target Guided in Mar'26 Qtr; FY27 Now Guided at 18%-23%

In the Sep'26 Qtr, the company reported Q2 FY27 consolidated revenue of INR 414.47 crore, up 46.25% YoY, and H1 FY27 revenue of INR 775.18 crore, up 27.82% YoY. This performance exceeded the earlier guidance issued in the Mar'26 Qtr concall, which targeted upwards of 20% consolidated revenue growth for FY27. Looking ahead, management expects to deliver solid full-year FY27 revenue aligned with its projected growth zone of 18% to 23%, supported by an ongoing order book of approximately INR 3,000 crore to INR 3,100 crore with an execution horizon across the next 3 to 3.5 years and typical expected tender conversion rates of 8% to 10%.