Caliber Mining Q2 FY27 Revenue Surges 127% to ₹519 Crore, EBITDA Jumps 163.5%
Caliber Mining and Logistics Limited reported a strong Q2 FY27 with revenue surging 127% YoY to ₹519 crore and normalised EBITDA up 163.5% to ₹73 crore. H1 FY27 revenue grew 89% to ₹1,176 crore. The company maintains its FY27 guidance for 45-50% revenue growth and over 35% EBITDA growth.
The substantial percentage increases in key financial and operational metrics, coupled with a strong order book and positive credit rating outlook, are highly material for investors and indicate a significant positive impact on the company's performance and valuation.
The company has reported significant year-on-year growth in revenue, operational metrics, and EBITDA, along with a strong order book and reiterated guidance. The credit rating upgrade further reinforces a positive outlook.
Caliber Mining and Logistics Limited (CMLL) has announced its financial and operational results for the quarter and half-year ended September 30, 2026. The company reported a significant surge in revenue, with Q2 FY27 revenue from operations reaching ₹519.45 crore, a 127.0% increase year-on-year (YoY) compared to ₹228.86 crore in Q2 FY26. Normalised revenue, excluding diesel cost pass-through, also saw a substantial jump of 92.7% YoY to ₹441.07 crore.
Operational performance for Q2 FY27 was robust, with overburden removal increasing by 109% YoY to 33.12 Mcum, and coal extraction growing by 78% YoY to 0.76 MT. Coal loaded on rakes saw an impressive 142% YoY increase to 5.06 MT.
Financially, normalised EBITDA for Q2 FY27 grew by 163.5% YoY to ₹73.20 crore, with the normalised EBITDA margin improving to 16.60% from 12.14% in Q2 FY26. For the half-year ended September 30, 2027 (H1 FY27), revenue from operations increased by 89.1% YoY to ₹1,176.50 crore, and normalised revenue grew by 59.5% YoY to ₹992.40 crore. Normalised EBITDA for H1 FY27 increased by 48.7% YoY to ₹183.57 crore.
The company's cash profit also showed significant improvement, with H1 FY27 cash profit reaching ₹100.83 crore, a 1.6 times increase from H1 FY26. Q2 FY27 cash profit stood at ₹32.29 crore, a 4.7 times increase from Q2 FY26.
CMLL's balance sheet remains strong, with net worth increasing by 77% to ₹1,148.42 crore and net debt to equity ratio improving to 0.95x. The company also saw its credit rating upgraded by CRISIL to A-/Positive in August 2026.
The order book remains strong at ₹8,634 crore as of September 30, 2026, providing good revenue visibility for the coming years. The company has reiterated its guidance for FY27, expecting revenue growth of 45-50% YoY and EBITDA growth of over 35% YoY, driven by the full ramp-up of new contracts and steady execution at existing sites.
An investor presentation was shared on November 13, 2026, pertaining to the results for the quarter and half-year ended September 30, 2026. An earnings call was scheduled for the same day at 05:00 PM (IST).
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