TANFAC Industries Reports 36.6% YoY Revenue Growth in Q2 FY27
TANFAC Industries announced its unaudited financial results for Q2 and H1 FY27. The company reported quarterly revenue of ~₹230 crores and half-yearly revenue of ~₹418 crores, marking a 36.6% and 21.2% year-over-year increase, respectively. This growth was driven by improved realization and new product introductions. Gross margins were affected by higher sulphur prices and initial subdued margins on new products, which are expected to improve with increased volumes. During the quarter, TANFAC enhanced its Solar Grade DHF manufacturing capacity by 25% through debottlenecking. The company also successfully completed a preferential issue of ~₹100 crores, strengthening its financial position. Management anticipates a stronger H2 FY27 performance due to moderating raw material prices and scaling of new products.
Key Highlights
- Q2 FY27 revenue grew 36.6% YoY to ~₹230 crores.
- H1 FY27 revenue increased 21.2% YoY to ~₹418 crores.
- Solar Grade DHF capacity enhanced by 25% via debottlenecking.
- Preferential issue of ~₹100 crores successfully completed.
- H2 FY27 expected to show stronger performance than H1 FY27.
Price Impact
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