S H Kelkar Q2 FY27 Revenue at ₹632.7 Crore, Up 15%
S H Kelkar reported consolidated revenues of ₹632.7 crore for Q2 FY27, a 15% increase year-on-year. Gross margins are stable despite inflationary pressures. Net debt was ₹911 crore as of September 30, 2026, with a focus on deleveraging.
The revenue growth is positive, but the mention of challenging operating conditions, inflationary pressures, and stable gross margins suggests a mixed impact. The net debt figure also warrants attention.
The company reported a significant 15% year-on-year growth in consolidated revenues, indicating positive business performance.
S H Kelkar and Company Ltd (SHK) announced its business update for the second quarter of FY 2026-27. The company reported consolidated revenues of ₹632.7 crore for the quarter ended September 30, 2026, representing a 15% growth compared to the same period last year.
Gross margins are expected to be broadly stable year-on-year. However, the company noted challenging external operating conditions, including volatility in global supply chains and commodity markets, leading to inflationary pressures that are impacting gross margins. SHK is actively monitoring the environment and maintaining focus on supply continuity, customer service, and strengthening its business platform, while remaining committed to its long-term strategic priorities and growth objectives.
As of September 30, 2026, the company's net debt stood at ₹911 crore. This reflects ongoing investments in capacity expansion and capabilities, alongside working capital needs. SHK aims to deleverage its balance sheet over the medium to long term.
The provided financial information is based on provisional and unaudited consolidated financial results, subject to a limited review by the company's statutory auditors.
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See the model portfoliosA plain-language summary of a public exchange filing by S H Kelkar and Company Limited. Read the original for the full detail.