NOCIL Q2 FY27 Guidance vs Delivery (NOCIL Management Mirror)

FY27 Revenue Guidance Reaffirmed at Rs 1,400-1,600 Crores Following Q2 FY27 Revenue of Rs 427 Crores

In the Sep'26 Qtr results, revenue from operations was reported at Rs 427 crores with an EBITDA margin of 8.4%, bringing H1 FY27 revenue to Rs 830 crores with a 9.8% margin. Against this performance, management reaffirmed the FY27 revenue guidance of Rs 1,400 to Rs 1,600 crores and EBITDA margins of around 10% issued in the Jun'26 Qtr concall, which had previously upgraded the Mar'26 Qtr target of expanding EBITDA margins by 150 bps over the FY26 base. Looking ahead, management expressed strong confidence in closing towards the upper end of the revenue range or potentially exceeding it given current momentum, while noting a degree of conservatism built into the guidance due to evolving quarter-to-quarter operating conditions.