NITINSPIN Q2 FY27 Guidance vs Delivery (NITINSPIN Management Mirror)

Q2 FY27 EBITDA Margin Reaches 17.8%, Meeting the 16%-20% Band Guided in Mar'26 Qtr

In Sep'26 Qtr, the company reported an EBITDA margin of 17.8% (amounting to INR 17,548 Lakhs in Quarterly Financial Results), which adjusts to ~18.5% excluding ~INR 1 crore in trial production losses. This outcome comfortably delivers the normalized 16% to 20% margin band initially guided in the Mar'26 Qtr concall and reaffirmed in the Jun'26 Qtr. Moving forward, management maintains this 16% to 20% operating EBITDA margin guidance band, targeting sustainability around the current 18% to 18.5% levels. This future margin profile is expected to be supported by product mix enrichment, value addition, and an anticipated 100 to 150 bps benefit from renewable energy cost savings, though it remains balanced against ongoing input cost pressures.