Steamhouse India Ltd (STEAMHOUSE) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management reaffirmed FY27 volume growth guidance of 25%, implying an acceleration to 35% YoY growth in the second half.
- The company guided for FY28 EBITDA per ton to reach 1,100-1,200, driven by the commissioning of three new high-margin waste-to-steam facilities.
- Quarterly interest costs are expected to decline below 6 crore from Q3 onwards following debt repayment using IPO proceeds in late Q2.
Performance Overview
- Delivered the best Q2 performance in the company's history despite seasonal monsoon-related challenges.
- Achieved year-on-year growth in steam volumes and a significant improvement in EBITDA per ton, demonstrating enhanced operational efficiency.
- Experienced a sequential moderation in volumes and profitability from Q1 due to the monsoon's impact on fuel and a temporary shutdown at a steam supplier's facility.
- Made strategic progress in expanding geographical presence by signing an MoU with the Government of Haryana and advancing the community boiler project in Una, Himachal Pradesh.
- Expansion projects at Jhagadia, Nandesari, and Vapi are progressing, with Jhagadia nearing commissioning and a strong pipeline of under-construction facilities.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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