YASHO INDUSTRIES LIMITEDQ2 income ₹348 Cr (+90%), EBITDA margin down 300 bps

Yasho Industries' Q2 FY27 call, held on 29 October 2026, reported total income of ₹347.92 crore, up 89.5%, after a footnote corrected the figure misspoken in the opening remarks.

EBITDA rose 118.2% to ₹72.92 crore and profit after tax reached ₹33.68 crore against ₹4.86 crore a year earlier. Volume grew 62% on the year and 7% on the quarter, utilisation was 66% and exports were 70% of revenue. EBITDA margin fell about 300 basis points on the quarter, which the CEO put at 200 basis points from freight and energy and 100 from mix, and management committed only to a margin of 20% plus. Freight cost doubled to ₹20 crore.

A ₹250 crore capex for two new buildings at Pakhajan is funded by ₹100 crore of internal accruals and ₹150 crore of term loans. A supply agreement with a global customer, with ₹120 crore received so far, starts contributing in FY28, and management expects FY28 revenue above ₹1,600 crore on pre-war prices. Total debt was ₹615 crore, and ROCE was corrected to 19.1%.