La Tim Q2 FY27 revenue rose 68.5% while PAT jumped 170.3%
Key highlights
- La Tim reported H1 FY27 revenue of Rs 287.7 crore, up 62.7% year on year, and EBITDA of Rs 14.3 crore, up 85.2%.
- La Tim’s return on equity improved to 13.8% in H1 FY27 from 10.4% in FY26, while return on capital employed rose to 23.5% from 21.5%.
- La Tim’s debt-to-equity ratio increased to 0.9 in H1 FY27 from 0.6 in FY26, while interest coverage improved to 3.7 from 2.4.
- La Tim has installed manufacturing capacity of more than 90,000 metric tonnes per annum and operates a pan-India distribution network.
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La Tim Metal & Industries Limited reported Q2 FY27 revenue from operations of Rs 150.4 crore, up 68.5% year on year, while profit after tax (PAT) increased 170.3% to Rs 3.9 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 125.3% to Rs 7.5 crore, with its margin increasing 126 basis points to 5.0%.
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Why did La Tim's Q2 FY27 profit grow faster than revenue?
La Tim's PAT grew faster than revenue because EBITDA increased 125.3% year on year, against revenue growth of 68.5%, while the EBITDA margin rose to 5.0% in Q2 FY27. PAT reached Rs 3.9 crore, up 170.3%, and the PAT margin increased 98 basis points year on year to 2.6%.
The quarterly measures show that margin expansion accompanied the rise in sales. Q2 FY27 revenue was Rs 150.4 crore and EBITDA was Rs 7.5 crore, resulting in a 5.0% EBITDA margin; PAT of Rs 3.9 crore resulted in a 2.6% PAT margin. Management attributed the period's momentum to a shift from trade distribution towards original equipment manufacturer (OEM) business and a higher contribution from value-added and premium industrial segments.
The Q2 outcome followed a turnaround in FY26. Revenue from operations increased to Rs 390.5 crore in FY26 from Rs 256.6 crore in FY25, while EBITDA rose to Rs 15.7 crore from Rs 1.2 crore. PAT was Rs 8.2 crore in FY26 after a loss of Rs 90 lakh in FY25, and PAT margin moved from negative 0.3% to 2.1%.
Which segment generated La Tim's Q2 FY27 revenue?
La Tim's steel and steel products segment generated Rs 149.7 crore in Q2 FY27 revenue. Real estate development generated Rs 70 lakh during the same quarter, leaving the steel business as the principal source of the reported Rs 150.4 crore in revenue from operations.
The first-half segment mix was similarly steel-led. Steel and steel products generated Rs 287.0 crore in H1 FY27, while real estate development generated Rs 70 lakh; total revenue from operations was Rs 287.7 crore. The identical Rs 70 lakh real-estate contribution in Q2 and H1 indicates that the source's reported half-year revenue was overwhelmingly derived from steel and steel products.
La Tim has installed manufacturing capacity of more than 90,000 metric tonnes per annum and a pan-India distribution network. Management said this operating base supports plans to scale volumes and deepen customer relationships as the company increases its focus on industrial OEM customers.
The steel portfolio includes colour-coated steel coils, design-coated or printed steel coils, stone-coated steel roofing and asphalt shingles. La Tim says its design-coated products include wood, marble, stone, tile and floral patterns, serving applications across construction, infrastructure, hospitality, premium real estate, interiors and exteriors.
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How did La Tim perform in H1 FY27 and on returns?
La Tim reported H1 FY27 revenue from operations of Rs 287.7 crore, up 62.7% year on year, while EBITDA increased 85.2% to Rs 14.3 crore. PAT more than doubled to Rs 7.1 crore during the first half, extending the pattern in Q2 FY27 in which reported profit growth exceeded revenue growth.
Return on equity was 13.8% in H1 FY27, compared with 10.4% in FY26, and return on capital employed was 23.5%, compared with 21.5%. These are comparisons between the half-year measures and FY26 figures supplied in the presentation; it does not provide corresponding prior-year half-year return figures.
La Tim's debt-to-equity ratio was 0.9 in H1 FY27, compared with 0.6 in FY26, while interest coverage was 3.7, compared with 2.4. The current ratio was 1.6 in H1 FY27 against 1.8 in FY26. Management said additional bank finance is intended to facilitate higher volumes as it expands the OEM business.
What is La Tim planning after Q2 FY27?
La Tim plans to expand its OEM business and increase its presence in value-added and premium industrial segments. Management expects this approach, together with steel-market demand conditions it describes as buoyant, to support volume growth and improve business mix through FY27 and beyond.
The company is also exploring next-generation premium roofing and cladding solutions. Its stated pipeline includes stone-coated steel roofing, asphalt shingles, exterior architectural cladding and premium interior solutions, extending a portfolio that already includes colour-coated and design-coated steel products.
Outside the steel operation, La Tim is advancing the development potential of land parcels in the Khopoli-Pali corridor. Management cited connectivity to Mumbai, Pune, Dighi Port and Nhava Sheva Port, alongside an established industrial ecosystem, as factors creating potential for phased land-parcel development.
Conclusion
La Tim's reported H1 FY27 figures show profit expansion alongside sales growth, with EBITDA up 85.2% to Rs 14.3 crore and PAT more than doubling to Rs 7.1 crore on revenue of Rs 287.7 crore. The segment disclosures also show that steel and steel products generated Rs 287.0 crore of that half-year total, while real estate development generated Rs 70 lakh.
The next results will indicate whether the OEM shift and additional bank finance deliver the volume growth and business-mix improvement management expects. Progress on premium roofing and cladding products, and the stated phased development potential of the Khopoli-Pali land parcels, are also disclosed areas to watch.