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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Indag Rubber Ltd-$

Indag Rubber Q2 FY27 Revenue Up 27% to Rs. 69.8 Crs; PAT Down 9%

RESULTS ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 10 Nov 2026, 06:01 PM IST  ·  BSE ID: 5d4126df-455e-4e1d-bce6-681558a9503a
View Original BSE Filing (PDF)
💡
In Simple Terms
Indag Rubber saw higher sales but lower quarterly profit, while its half-year profit increased significantly, and a dividend was announced.
🤖 AI Summary
  • Q2 FY27 total revenue increased 27.0% YoY to Rs. 69.8 Crs.
  • Q2 FY27 Profit After Tax decreased 9% YoY to Rs. 3.3 Crs.
  • H1 FY27 total revenue increased 26.5% YoY to Rs. 130.3 Crs.
  • H1 FY27 Profit After Tax rose 53% YoY to Rs. 8.4 Crs.
  • Interim dividend of ₹0.90 per equity share declared for FY27, record date November 16, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Q2 FY27 Total Revenue
69.8 Rs. Crs.
27.0%
Q2 FY26 Total Revenue
55.0 Rs. Crs.
Q2 FY27 EBITDA
5.6 Rs. Crs.
-10%
Q2 FY27 EBITDA Margin
8.0%
-324 bps
Q2 FY27 Profit After Tax
3.3 Rs. Crs.
-9%
Q2 FY27 PAT Margin
4.7%
-188 bps
H1 FY27 Total Revenue
130.3 Rs. Crs.
26.5%
H1 FY27 EBITDA
13.8 Rs. Crs.
36%
H1 FY27 EBITDA Margin
10.6%
74 bps
H1 FY27 Profit After Tax
8.4 Rs. Crs.
53%
H1 FY27 PAT Margin
6.4%
111 bps
Interim Dividend per share
₹0.90
🏢 How This Affects the Company
📈
Business Impact
The company's core retreading business experienced higher sales volumes in Q2 and H1 FY27, indicating continued customer demand for its Indag-branded products and services. The subsidiary Millenium Manufacturing Systems completed its first commercial serial order.
💰
Financial Impact
Despite revenue growth, Q2 FY27 profitability metrics like EBITDA and PAT declined, with EBITDA margin decreasing by 324 bps and PAT margin by 188 bps. H1 FY27 showed stronger profit growth, with EBITDA up 36% and PAT up 53%.
⚙️
Operational Impact
Raw material costs, influenced by the 2026 West Asia escalation, impacted the quarter's margins. The company is managing this through calibrated price pass-through, raw-material monitoring, and supplier/geography diversification.
⚠️
Risk Impact
The company acknowledged high raw material costs as a factor weighing on Q2 FY27 margins, reflecting a continued cost-side risk in the operating environment.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must ensure their shares are held in dematerialized form by the record date of November 16, 2026, to be eligible for the interim dividend.
👤
Who Is Affected
Shareholders holding Indag Rubber equity shares with a face value of ₹2 on the record date of November 16, 2026, will receive an interim dividend of ₹0.90 per share for FY27.
🔍
Management Signal
The declaration of an interim dividend for FY27 suggests management's continued commitment to shareholder returns amidst mixed quarterly financial performance.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — monitor raw material cost impact on margins.
Dividend payment date — confirm interim dividend distribution.
Updates on Millenium Manufacturing Systems' subsequent orders.
MEDIUM RISK Q2 FY27 profitability declined due to high raw material costs, posing a margin pressure risk.
💡 Investor Takeaway
Indag Rubber reported Q2 FY27 total revenue of Rs. 69.8 Crs, up 27.0% YoY, but Profit After Tax fell 9% to Rs. 3.3 Crs. For H1 FY27, revenue rose 26.5% to Rs. 130.3 Crs, with PAT increasing 53% to Rs. 8.4 Crs. An interim dividend of ₹0.90 per share was declared.
⚖️ Strengths & Concerns

✅ Positives

  • Total Revenue for Q2 FY27 grew 27.0% to Rs. 69.8 Crs, supported by higher sales volumes.
  • H1 FY27 Profit After Tax increased 53% to Rs. 8.4 Crs, with EBITDA growing 36% to Rs. 13.8 Crs.

⚠️ Concerns

  • Profit After Tax for Q2 FY27 decreased 9% to Rs. 3.3 Crs, from Rs. 3.6 Crs in Q2 FY26.
  • EBITDA Margin for Q2 FY27 declined by 324 bps to 8.0%, from 11.3% in Q2 FY26 due to high raw material costs.
📅 Company Track Record
In Q2 FY27, Indag Rubber's net profit decreased to Rs. 327.84 lakh despite revenue growth, as reported on November 6, 2026. The Board had approved an interim dividend of Rs. 0.90/- per share on the same date. For FY26, the company's Q4 PAT rose 115% to Rs. 3.55 Crs and full FY26 PAT was up 47%.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Indag Rubber's total revenue in Q2 FY27?
Indag Rubber's total revenue for Q2 FY27 was Rs. 69.8 Crs, representing a 27.0% increase compared to Q2 FY26.
What was Indag Rubber's Profit After Tax for Q2 FY27?
Indag Rubber reported a Profit After Tax of Rs. 3.3 Crs for Q2 FY27, which is a 9% decrease from Rs. 3.6 Crs in Q2 FY26.
What interim dividend did Indag Rubber declare for FY27?
Indag Rubber declared an interim dividend of ₹0.90 per equity share of face value ₹2 for FY27, with a record date of November 16, 2026.
How did raw material costs impact Indag Rubber's Q2 FY27 performance?
Raw material costs remained high in Q2 FY27 following the 2026 West Asia escalation, weighing on the quarter's margins, as noted by the CEO.
What was Indag Rubber's Profit After Tax for H1 FY27?
For H1 FY27, Indag Rubber's Profit After Tax stood at Rs. 8.4 Crs, marking a 53% increase compared to H1 FY26.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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