Karamtara Engineering Ltd (KARAMTARA) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Karamtara Engineering makes lattice transmission towers, solar structures and other steel fabrications, with power T&D accounting for roughly 70% of its end-market revenue mix. The quarter's central question is margin: HRC steel prices surged about Rs. 6,000/tonne between August 1 and late September 2026 to a four-year high, and the print will show how much of that input-cost rally was passed through to PGCIL, state utility and telecom customers.

Karamtara Engineering Ltd Q2 Results Date and Time

Karamtara Engineering Ltd is scheduled to report its Q2 FY 2026-2027 results on October 06, 2026. No separate board-meeting intimation line was available in the source note.

The available call announcement concerns unaudited results for the quarter ended June 30, 2026, and states that the call was scheduled for October 7, 2026. Rajiv Singh, Joint Managing Director, and Sunil Rustagi, Whole-time Director & CEO, are identified as call participants.

What to expect from Karamtara Engineering Ltd's Q2 FY27 results

The dominant theme for this quarter is the Aug-September steel price rally — HRC moved from Rs. 58,000/tonne on August 1 to Rs. 64,000/tonne by September 22, a four-year high, driven by coking coal rising about USD 65/tonne to USD 305/tonne — and how completely Karamtara's price-variation clauses passed that through. On the demand side, power T&D capex remained active, with PGCIL's Kurnool-IV REZ Phase-I transmission project worth over Rs. 5,550 crore and RE transmission projects worth over Rs. 4,370 crore in Andhra Pradesh, though new project announcements moderated in Q2 after a strong Q1. Karamtara's starting position is strong: FY26 consolidated revenue of Rs. 4,311.98 crore grew 36.5% YoY with lattice transmission-tower revenue up 65.95% YoY to Rs. 273.71 crore, and the Bhachau fungible tower/solar pile facility became operational during FY27. The margin bridge — how much of the steel-cost impact was absorbed versus recovered — will be the single most important disclosure on the call.

Key Things To Watch

Margin bridge and steel-cost pass-through: The sharp Aug-September HRC rally is the swing factor for Q2 margins.

• Exact steel-cost impact in Q2 given the ~Rs. 6,000/tonne HRC rally from August 1 levels, and how much was passed through via price-variation clauses versus absorbed
• Raw-material inventory buffer at the start of Q2 from pre-August, lower-priced procurement
• How the existing 11.5% safeguard duty and the potential hike to 25% affect contract terms, and whether existing contracts carry price-variation clauses for duty changes

Order book composition and inflows

• Current order book value split across Power T&D, telecom, renewables, and railways
• Any new large orders won in Q2 from PGCIL, state utilities, or the new Altius telecom tower entity created by Brookfield's acquisition of ATC India's unit (257,000 towers)

Working capital and billing cycle

• Whether debtor days or unbilled revenue are rising given the project execution environment
• Management of working-capital limits with elevated steel carrying costs, and whether the Bhachau capacity addition has altered working-capital dynamics