Steamhouse India Limited — Q2FY27 earnings call summary

Filed 10 October 2026 · Official transcript

Capacity utilization improved to 41.4% in Q1 FY27 from 36.06% in Q1 FY26
Expansion underway: capacity to rise from 345 TPH to ~705 TPH by FY29; new projects in Gujarat and Himachal Pradesh
Q1 FY27 steam sales grew 16.7% y-y to 305,816 tons; revenue rose 13.35% to INR128.62 Cr
Industrial gases vertical launched with nitrogen generation; plans to expand to oxygen and hydrogen
Contracts mostly long-term (1-10 years) with non-exit clauses; 70% of current capacity tied up
Working capital cycle improved; coal purchases shifted from credit to cash to reduce costs
EBITDA surged 60.08% y-y to INR30.93 Cr; margin expanded 702 bps to 24.05%
PAT increased 80.25% y-y to INR18.34 Cr; PAT margin improved 529 bps to 14.26%