Cubex Tubings Q2 FY27: EBITDA surges 119% YoY to ₹7.2 Cr, PAT up 162%
Cubex Tubings reported Q2 FY27 results with revenue at ₹82.99 Cr (up 28% QoQ) and EBITDA at ₹7.15 Cr (up 408% QoQ). PAT surged 235% QoQ to ₹4.57 Cr. The company announced a ₹75 crore preferential issue of warrants to fund capability development.
The substantial increase in key financial metrics like EBITDA and PAT, coupled with a strategic fundraising initiative for capacity expansion, is expected to have a significant positive impact on the company's financial performance and market position.
The company reported significant year-on-year and quarter-on-quarter growth in revenue, EBITDA, and profit after tax, along with margin expansion. The announcement of a preferential issue for capability development also indicates a positive outlook for future growth.
Cubex Tubings Limited announced its unaudited standalone financial results for the second quarter and half-year ended September 30, 2026. The company reported a strong performance with revenue from operations at ₹82.99 crore, a 28% increase quarter-on-quarter (QoQ). EBITDA saw a significant jump of 408% QoQ to ₹7.15 crore, achieving an EBITDA margin of 8.62%, an expansion of 645 basis points QoQ. Profit after tax (PAT) surged by 235% QoQ to ₹4.57 crore.
For the half-year ended September 30, 2026 (H1 FY27), annualized return on equity (ROE) stood at 13.7% compared to 8.9% for FY26, and annualized return on capital employed (ROCE) was 15.8% against 10.7%. On a Q2 FY27 annualized basis, ROE was 21.2% and ROCE was 22.7%.
The company's net worth increased to ₹89.2 crore as of September 30, 2026, from ₹83.3 crore at the end of March 2026. Total borrowings remained stable at ₹44.3 crore, with a shift towards long-term funding.
Managing Director Mr. Virendra Bhandari commented, "The second quarter reflects the two things we set out to do this year: grow volumes in our established copper alloy business and improve the mix towards higher-value seamless products. Revenue grew 28%, EBITDA more than doubled and profit after tax rose 235%, with EBITDA margin expanding to 8.6%."
The Board has approved a ₹75 crore preferential issue of warrants, with the promoter group subscribing to a significant portion, to fund the next stage of alloy capability development. The company secured orders aggregating ₹81.27 crore during H1 FY27 across multiple sectors.
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See the model portfoliosA plain-language summary of a public exchange filing by Cubex Tubings Limited. Read the original for the full detail.