Trishakti Q2: consolidated PAT up 230% YoY to ₹5.23 Cr, revenue +134%, margins expand

Trishakti Industries' consolidated Q2 FY27 (quarter ended 30 September 2026) revenue from operations rose 134% YoY to ₹15.57 Cr from ₹6.65 Cr a year ago, while PAT attributable to owners nearly tripled to ₹5.23 Cr from ₹1.59 Cr — a 230% YoY jump that comfortably outpaced revenue growth. Sequentially, revenue grew a more modest 8.3% QoQ and PAT 22% QoQ over Q1 FY27 (₹14.38 Cr revenue, ₹4.29 Cr PAT), so the YoY base-effect print, not the QoQ trend, is the real story. Margins expanded on both counts: operating (EBITDA) margin moved to roughly 61.0% from ~58.7% both YoY and QoQ, and net margin rose to roughly 33.6% from 23.7% YoY and 25.5% QoQ. Neither the current nor year-ago quarter carried exceptional items, so the growth is unadjusted and clean. No published street consensus for this quarter could be located for this micro-cap, so the print cannot be benchmarked against external estimates. Against the company's own July 2026 guidance — FY27 ARR of ₹70-72 Cr at 60-65% EBITDA margin and 25-30% PAT margin on the existing order book — the quarter's ~61% OPM sits within the guided band and ~33.6% NPM runs ahead of the guided 25-30% range, a beat on profitability. Revenue progress is more mixed: H1 FY27 consolidated revenue of ₹29.95 Cr is roughly 42% of the full-year ₹70-72 Cr target, implying H2 needs to run about 37% above H1 to hit guidance — achievable only if the ramp accelerates well beyond this quarter's 8.3% QoQ pace, likely contingent on deploying the remaining ₹130-140 Cr of planned capex into wind energy, tower cranes and UAE expansion. The ₹105 Cr order for 60 heavy machinery units placed on 28 September adds directly to the order book underpinning that ramp. No company press release or management commentary accompanied this filing, so there is no formal quote to reconcile against the numbers.