SHILCTECH Q2 FY27 Guidance vs Delivery (SHILCTECH Management Mirror)

Q2 FY27 Revenue Reaches INR 192.61 Crores, Delivering the Sequential Improvement Guided in Jun'26 Qtr

In Sep'26 Qtr, Shilchar Technologies reported actual revenue from operations of INR 192.61 crores alongside an EBITDA of INR 40.06 crores, with the EBITDA margin recovering to 20.8% from 15.4% in the preceding quarter. This performance delivered the sequential improvement guided during the Jun'26 Qtr concall, where management anticipated notably better business momentum and higher margins for Sep'26 Qtr following a soft start to the year. However, against the initial FY27 revenue guidance of INR 800 crores to INR 850 crores established in the Mar'26 Qtr, management has now revised its full-year FY27 target to over INR 750 crores. Looking ahead, the company guides for an execution run-rate of more than INR 225 crores to INR 230 crores per quarter in Q3 and Q4 FY27, targeting a full-year absolute EBITDA of around INR 200 crores to INR 220 crores. Management also initiated forward targets of approximately INR 1,000 crores in sales for FY28 and between INR 1,250 crores and INR 1,500 crores for FY29, representing its revenue potential at 100% utilization of the expanded capacity.