Varmora Granito H1 FY27 PAT Surges 498% to ₹53.7 Cr; Revenue Up 3.3%
Varmora Granito reported H1 FY27 PAT of ₹53.7 Cr, up 498% YoY, on revenue of ₹714.2 Cr, up 3.3%. Q2 FY27 saw a 27% QoQ revenue recovery. The company completed a ₹708 Cr IPO and commenced operations at its new Assam facility. Premium products now form 87% of revenue.
The announcement includes strong financial results, a successful IPO, and strategic expansion/divestment activities, which are material events for investors and the company's market position.
The company reported a significant increase in PAT (498% YoY) and a recovery in revenue, alongside successful completion of its IPO and strategic operational developments, indicating positive performance and future outlook.
Varmora Granito Limited announced its unaudited financial results for the first quarter and second quarter and half year ended September 30, 2026 (H1 FY27). This marks the company's first results post its listing on BSE and NSE on September 29, 2026.
The company reported a significant 498% year-on-year (YoY) increase in Profit After Tax (PAT) to ₹537 million (₹53.7 crore) for H1 FY27, despite a challenging first quarter. Revenue from operations for H1 FY27 stood at ₹7,142 million (₹714.2 crore), a YoY growth of 3.3%. The second quarter (Q2 FY27) showed a strong recovery with revenue up 9% YoY and a sequential growth of 27% QoQ.
Q1 FY27 was impacted by industry-wide gas price disruptions due to the West Asia conflict, leading to plant shutdowns and a 16% YoY decline in volumes. However, price increases of 18%-19% helped recover 100% of the higher gas costs. EBITDA for H1 FY27 stood at ₹1,013 million (₹101.3 crore), with an EBITDA margin of 14.0% (H1 FY26: 12.0%).
Key developments include the completion of its Initial Public Offering (IPO) of ₹7,080.21 million (₹708.02 crore). The company also commenced production at its new manufacturing facility in Tezpur, Assam, and plans to upgrade its Solaris unit for Glazed Vitrified Tiles (GVT) manufacturing. Varmora also divested its stake in its subsidiary, Simola Tiles LLP.
The company's premium GVT and Technical Products now contribute 87% of revenue. Future priorities include cash generation, expanding the retail network, product innovation, and growing the bathware and adhesives business.
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Varmora Granito Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Varmora Granito Limited. Read the original for the full detail.