SH Kelkar reports 15% Q2 revenue growth, with net debt at Rs. 911 crore
As filed · S H Kelkar and Company Limited has informed the Exchange about Business Update for Q2 FY 2026-27
What happened
FactSH Kelkar reported consolidated revenue of Rs. 632.7 crore for the quarter ended September 30, 2026, up 15% from the corresponding quarter of the previous year. Gross margins are expected to remain broadly stable, while net debt stood at Rs. 911 crore; the figures are provisional, unaudited and subject to limited review.
Why it matters
CapitSignal interpretationProduction and sales volumes are the operating data behind the next set of reported numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Debt
WithdrawnAs of March 31, 2026, net debt stood at Rs. 789 crore, reflecting continued investments towards capacity expansion and capability building
Debt levels remain consistent with our earlier guidance.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Volume trend against the prior period
- Notwithstanding these quarterly variations, the current business momentum keeps us on track to deliver double- (management committed by FY27)
Evidence
- S H Kelkar and Company Limited has informed the Exchange about Business Update for Q2 FY 2026-27(opens the original filing in a new tab)
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The update indicates continued revenue growth despite challenging global supply-chain and commodity-market conditions. Elevated net debt reflects capacity expansion, capabilities and working-capital requirements, while the company stated that it remains focused on medium- to long-term deleveraging.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%