With the second quarter of fiscal year 2027 earnings period getting closer, it seems like people are moving their focus away from the previous performance of the firms and are now concerned about the expectations of the companies from the upcoming September quarter. Some companies have already disclosed their expectations regarding volumes, margin, profits, and business performance. This could act as the first insight into the coming quarter’s performance.
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Shree Cement
Shree Cement Limited is one of the key players in the cement industry in India with a presence in many parts of the country. The company runs various cement manufacturing units and markets its products under the brand names of Bangur and Shree Jung Rodhak. It is highly dependent on construction and infrastructure works.
Management is targeting 9–9.5 million tonnes of cement volume in Q2 FY27. This forms part of its H1 volume target of around 19.5–20 million tonnes, making Q2 execution important for tracking the company’s volume performance.
Jyoti Resins & Adhesives
Jyoti Resins & Adhesives makes adhesives for wood as well as some other similar products, with EURO 7000 being one of the main products offered by Jyoti Resins & Adhesives. The main markets served by Jyoti Resins & Adhesives include furniture, plywood and woodworking markets. Housing, demand for furniture and constructions impact the company’s operations.
Management expects EBITDA margin to improve to 23–25% in Q2 FY27, compared with 14.4% in Q1 FY27. The improvement is expected to be supported by price increases and better realisations.
Berger Paints
Berger Paints India is one of the biggest producers of paints in India and provides decorative as well as industrial paints and coating-related products. It caters to its clientele through its vast network of distribution and the factors that affect its performance include housing requirements, repainting needs, construction expenditure, cost of raw materials, and competition in the paints industry.
Management expects 7.5–8% volume growth in Q2 FY27, along with a 7.5–8.5% price impact. The company expects Q2 revenue growth to be slightly ahead of the previous quarter.
Mphasis
Mphasis is an IT services firm based in India offering cloud, digital, application and infrastructure services to multinational companies. Mphasis has a strong foothold in the BFSI (banking, financial services, insurance) industry and the technology sector. It performs on the back of technological investments, digitization, and the growth of key strategic accounts.
Management expects Q2 FY27 to deliver its best sequential constant-currency growth in three years. This makes the September quarter an important period for assessing whether the company’s recent business momentum is strengthening.
APL Apollo Tubes
APL Apollo Tubes is one of the leading companies in India that manufactures steel tubes and pipes. These tubes are used in various fields like construction, infrastructure, engineering, agriculture, and other industrial purposes. APL Apollo Tubes has a vast network of manufacturing and distribution along with a variety of steel tubes.
Management expects Q2 FY27 to be better than Q1 in both sales volume and absolute EBITDA. The company is therefore looking for a sequential improvement in operating performance during the September quarter.
Exicom Tele-Systems
Exicom Tele-Systems is involved in the production of products for the electric vehicle charging and power solutions sectors. It offers AC and DC charging systems for electric vehicles as well as having its own power solutions business. Its performance is dependent on the growth of electric vehicles adoption, charging infrastructure, products and automotive industry.
Management is targeting consolidated EBITDA breakeven in Q2 FY27, following a ₹21.9 crore EBITDA loss in Q1. It also expects AC-charger production capacity to increase by around 50% over the following three months.
Lumax Industries
Lumax Industries is a company that produces lighting systems and other parts for automobile manufacturers in India. Lumax Industries has a capability in producing lighting systems and other automotive systems. The operations of Lumax Industries are dependent on the manufacture of automobiles, introduction of new models of automobiles, technological developments, and increased use of lighting systems.
Management expects Q2 FY27 EBITDA margin to move above 10%. Better realisations and operating efficiencies are expected to support the improvement compared with the previous quarter.
Tata Chemicals
Tata Chemicals is an integrated chemicals company that operates in basic chemicals, specialties and consumer segments. It has a range of products including soda ash, sodium bicarbonate and specialty chemicals in various geographical locations. Performance of Tata Chemicals depends on chemicals price, energy prices, global demand and operating conditions in its overseas operations.
Management expects its UK business to become EBITDA positive and reach PBT breakeven from Q2 FY27. This could help reduce the impact of the UK operations on the company’s consolidated profitability.