UPSURGE SEEDS OF AGRICULTURE H1 FY27 (STANDALONE)

• Net Profit: ₹3.32 Cr ↑30.95% (YoY) | ↓32.70% QoQ

• Revenue: ₹60.57 Cr ↑29.32% (YoY) | ↓4.76% (QoQ)

• EBITDA: ₹6.33 Cr ↑6.87% (YoY) | ↓22.72% (QoQ)

• EBITDA Margin: 10.46% vs 12.66% (YoY) | 12.89% (QoQ)

ARUNAYA ORGANICS H1 FY27

• Net Profit: ₹1.98 Cr ↑2.80% (YoY) | ↑10.37% (QoQ)

• Revenue: ₹50.24 Cr ↓7.57% (YoY) | ↑2.74% (QoQ)

• EBITDA: ₹3.07 Cr ↓0.49% (YoY) | ↓5.58% (QoQ)

• EBITDA Margin: 6.11% vs 5.68% (YoY) | 6.65% (QoQ)

ELEGANZ INTERIORS H1 FY27 (CONSOLIDATED)

• Net Profit: ₹7.06 Cr ↑206.68% (YoY) | ↓64.37% (QoQ)

• Revenue: ₹200.06 Cr ↑80.23% (YoY) | ↓30.83% (QoQ)

• EBITDA: ₹14.10 Cr ↑197.49% (YoY) | ↓52.38% (QoQ)

• EBITDA Margin: 7.05% vs 4.27% (YoY) | 10.24% (QoQ)

W. S. Industries (India) Ltd-$ – CHANGE IN MANAGEMENT

Completion of second consecutive tenure of Independent Director:

- Mr. R. Karthik ceased to be an Independent Director effective 31st October 2026

- Cessation due to completion of second consecutive term under Companies Act, 2013

- Mr. J. Sridharan to serve as Chairman of Audit Committee and Nomination and Remuneration Committee w.e.f. 1st November 2026

- Mr. J. Sridharan to continue as Chairman of Stakeholders’ Relationship Committee

- Allotment Committee composition remains unchanged

Apollo Pipes Ltd – CREDIT RATING UPGRADE

ICRA has upgraded the credit ratings for bank facilities aggregating INR 150 Cr:

- Ratings upgraded to [ICRA]AA-(Stable)/[ICRA]A1+

- Total bank facilities upgraded: INR 150 Cr

- Total debt/TNW: 0.14 times as on March 31, 2026

- Interest coverage: 6.5 times in FY2026

- Consolidated tangible net worth: INR 893 Cr as on March 31, 2026

AGI INFRA: CO RECEIVES RERA APPROVAL FOR GROUP HOUSING PROJECT 'UTOPIA BY AGI' IN NEW CHANDIGARH; PROJECT INCLUDES 3BHK, 4BHK, AND 5BHK FLATS WITH 31 FLOORS; VALID UNTIL MARCH 30, 2031

INTERARCH BUILDING SOLUTIONS: CO SECURES ORDER WORTH ₹67.56 CR FOR DESIGN, ENGINEERING, MANUFACTURING, SUPPLY & ERECTION OF PRE-ENGINEERED STEEL BUILDING SYSTEM FOR AIRCRAFT HANGER PROJECT IN NEW DELHI; APPROX. 8 MONTHS COMPLETION PERIOD; DOMEST

TWO PEOPLE KILLED, FIVE INJURED IN UKRAINIAN DRONE ATTACK ON RUSSIA'S BRYANSK REGION : GOVERNOR

INDIAMART INTERMESH: CO Q2 FY2027 REVENUE GROWS 10% YOY TO ₹429 CRORES; CUSTOMER COLLECTIONS AT ₹443 CRORES, DEFERRED REVENUE UP 16% TO ₹2,029 CRORES, NET PROFIT AT ₹91 CRORES.

BAJAJ ELECTRICALS: CO RECEIVES ASSESSMENT ORDER FROM INCOME TAX DEPARTMENT IMPOSING ₹112.32 CRORE DEMAND; MANAGEMENT EVALUATING LEGAL REMEDIES AGAINST THE ORDER.

CAPTAIN PIPES Q2 FY27 (CONS.)

• Net Profit: ₹1.13 Cr vs ₹1.32 Cr (↓14.48% YoY) | ₹0.75 Cr (↑51.52% QoQ)

• Revenue: ₹18.52 Cr vs ₹17.28 Cr (↑7.19% YoY) | ₹23.69 Cr (↓21.80% QoQ)

• EBITDA: ₹1.54 Cr vs ₹2.12 Cr (↓27.32% YoY) | ₹1.34 Cr (↑14.93% QoQ)

• EBITDA Margin: 8.32% vs 12.26% (YoY) | 5.66% (QoQ)

NILA INFRASTRUCTURES Q2 FY27 (CONSOLIDATED)

• Net Profit: ₹10.85 Cr ↑78.46% (YoY) | ↑28.50% (QoQ)

• Revenue: ₹118.51 Cr ↑60.07% (YoY) | ↑59.70% (QoQ)

• EBITDA: ₹15.19 Cr ↑87.43% (YoY) | ↑102.95% (QoQ)

• EBITDA Margin: 12.81% vs 10.94% (YoY) | 10.08% (QoQ)

ADVANCED ENZYME TECHNOLOGIES Q2 FY27 (CONS.)

• Net Profit: ₹51.15 Cr ↑14.35% (YoY) | ↑32.56% (QoQ)

• Revenue: ₹214.51 Cr ↑16.25% (YoY) | ↑11.89% (QoQ)

• EBITDA: ₹107 Cr ↑18% (YoY) | ↑22% (QoQ)

• EBITDA Margin: 49.8% vs 49.1% (YoY) | 45.7% (QoQ)

• EPS: ₹4.33 vs ₹3.87 (YoY) | ₹3.31 (QoQ)

• Other Income: ₹8.72 Cr

SKY GOLD & DIAMONDS – Q2 FY27 CONCALL HIGHLIGHTS

💰 Financial Performance

• Revenue: ₹2,391 Cr, up 61% YoY and 18.8% QoQ.

• Gross Profit: ₹229 Cr, up 87% YoY.

• Gross Margin: 9.6%, up 133 bps YoY.

• EBITDA: ₹189 Cr, up 90% YoY; margin at 7.9%.

• Reported PAT: ₹129 Cr, up 93% YoY.

• Operational PAT (excluding exceptional charge): ₹135 Cr, up 101% YoY.

📈 H1 FY27 Performance

• Revenue: ₹4,403 Cr, up 68% YoY.

• EBITDA: ₹346 Cr.

• PAT: ₹234 Cr, up 112% YoY.

• Operating Cash Flow: ₹136 Cr vs outflow of ₹101 Cr last year.

SKY GOLD & DIAMONDS – Q2 FY27 CONCALL HIGHLIGHTS

💎 Business & Product Mix

• Advanced Gold contributed 16% of Q2 business, ahead of the 15% FY27 target.

• Advanced Gold contributed around 120 bps to gross margin.

• Natural and lab-grown diamond jewellery contributed around 2.5–2.6% of revenue.

• Focus on higher-margin studded and diamond jewellery.

• Lightweight jewellery is 20–30% lighter through technology-led manufacturing.

🌍 Exports & Expansion

• Q2 exports reached ₹435 Cr versus ₹35 Cr for the entire FY23.

• Exports now contribute around 18% of business.

• Annualised export run rate is approximately ₹1,600 Cr.

• Dubai office supports expansion across GCC markets.

• Expanding presence in Singapore, Malaysia, Saudi Arabia, UK and Japan.

SKY GOLD & DIAMONDS – Q2 FY27 CONCALL HIGHLIGHTS

⚙️ Working Capital & Debt

• Net working capital reduced to 55 days from 63 days in September 2025.

• Net debt stood at ₹531 Cr vs ₹550 Cr in March 2026.

• H1 operating cash flow conversion was 58% of PAT.

• Net interest cost was 0.89% of sales versus 0.96% last year.

• Receivable days stood at 33; management expects festive-season receivables to be collected in October and November.

🏭 Acquisitions & Growth Strategy

• Acquisitions focus on adding product categories, management expertise and customer relationships.

• Rishabh Gold monthly Mangalsutra volumes increased from 20–25 kg to around 150 kg.

• Rishabh Gold revenue grew from ₹49 Cr to ₹175 Cr; profit increased from ₹1.6 Cr to ₹18.8 Cr.

• Management sees further consolidation opportunities in the jewellery manufacturing industry.

SKY GOLD & DIAMONDS – Q2 FY27 CONCALL HIGHLIGHTS

💼 Fundraise & Land Monetisation

• Management discussed the proposed ₹1,800 Cr fundraise but did not disclose utilisation details due to regulatory restrictions.

• Land monetisation is at an advanced due-diligence stage with a prospective buyer.

• If no final commitment is received within 20–30 days, promoters may acquire the land.

📌 Management Commentary

• No fresh forward guidance due to SEBI restrictions.

• Management reiterated its historical PAT margin guidance of 5–5.25% remains on track.

• Focus remains on advanced gold, exports, higher-margin products, capital efficiency and operating cash flow.

• Promoters stated they will take salaries only when the company generates operating cash flow.

EXXARO TILES Q2 FY27

• Net Profit: ₹3 Cr vs ₹1.17 Cr (↑156% YoY) | ₹2.03 Cr (↑48% QoQ)

• Revenue: ₹112 Cr vs ₹68.71 Cr (↑63% YoY) | ₹84.85 Cr (↑32% QoQ)

• EBITDA: ₹9 Cr vs ₹6.57 Cr (↑37% YoY) | ₹7.20 Cr (↑25% QoQ)

• EBITDA Margin: 7.8% vs 9.2% (YoY) | 8.2% (QoQ)

CLEAN SCIENCE Q2 FY27

• Net Profit: ₹56 Cr vs ₹55.45 Cr (↑1% YoY) | ₹73.68 Cr (↓24% QoQ)

• Revenue: ₹299 Cr vs ₹245.08 Cr (↑22% YoY) | ₹266.96 Cr (↑12% QoQ)

• EBITDA: ₹92 Cr vs ₹86.79 Cr (↑6% YoY) | ₹96.84 Cr (↓5% QoQ)

• EBITDA Margin: 30.8% vs 35.6% (YoY) | 35.9% (QoQ)

📊 CDSL Q2 FY27 – SEGMENT-WISE PERFORMANCE (CONS.)

DEPOSITORY ACTIVITY

• Revenue: ₹338.74 Cr, up 37.31% QoQ.

• Segment Profit: ₹196.22 Cr, up 79.11% QoQ.

DATA ENTRY & STORAGE

• Revenue: ₹54.90 Cr, up 21.97% QoQ.

• Segment Profit: ₹14.02 Cr, up 33.14% QoQ.

REPOSITORY

• Revenue: ₹1.15 Cr, down 9.45% QoQ.

• Segment Loss: ₹2.28 Cr vs ₹1.40 Cr loss in previous quarter.

GHCL Q2 FY27 (STANDALONE)

• Net Profit: ₹127 Cr vs ₹107 Cr (↑19% YoY) | ₹191 Cr (↓33% QoQ)

• Revenue: ₹808 Cr vs ₹721 Cr (↑12% YoY) | ₹774 Cr (↑4% QoQ)

• EPS: ₹14.02 vs ₹11.22 (↑25% YoY) | ₹21.04 (↓33% QoQ)

• Other Income: ₹13 Cr vs ₹18 Cr (YoY) | ₹24 Cr (QoQ)