NIS Management started FY27 with strong top-line growth and margin expansion, securing large orders while focusing on shifting its service mix towards higher-margin technology and project-based businesses.
The quarter featured mixed operational results with higher sugar sales but pressured margins, significant progress on debt reduction through real estate profit repatriation, and a strategic focus on consolidating investments and growing the real estate and engineering businesses.
Revenue growth across standalone segments was strong, especially in engineering and mobility, with management confident of full recovery of steel price inflation and continued traction in the EV business.
While standalone margins were pressured by steel inflation with a lagged price pass-through, volume growth was strong across engineering, mobility, and the core cycle business, and the EV segment showed significant volume traction and moved past peak quarterly losses.
All key divisions performed well with record Drum Closure margins and strong US-driven demand for Scaffolding and Engineering services.
The company reported record quarterly income driven by strong diversified operations and disciplined cost management.
Grasim delivered record quarterly revenues, with standalone business accelerating and new growth engines Birla Opus Paints and Birla Pivot scaling rapidly.
The quarter was defined by revenue growth across segments and a key turnaround in the chipboard business turning EBITDA positive, though geopolitical disruptions caused export shipment delays and raw material volatility.