Grauer & Weil Reports Mixed Q2 Results with Higher EBITDA but Lower Margins
Grauer & Weil's Q2 consolidated net profit increased 2.7% to ₹386.00 million, with revenue surging 13.7% to ₹2,900.00 million. EBITDA rose to ₹433.00 million, but the EBITDA margin declined to 14.93% from 16.75% year-over-year. The Surface Finishings segment remained the primary revenue and profit driver. Total assets stood at ₹132,849.00 million, with other equity increasing to ₹95,218.00 million.

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Grauer & Weil , a leading player in the chemicals, engineering, and paints sectors, has reported mixed results for the second quarter, with higher EBITDA but lower margins.
Financial Highlights
The company's consolidated net profit for Q2 reached ₹386.00 million, marking a 2.7% increase from ₹376.00 million in the same period last year. This growth, while modest, demonstrates the company's ability to maintain profitability in a challenging economic environment.
Grauer & Weil's Q2 revenue surged to ₹2,900.00 million, up 13.7% from ₹2,550.00 million year-over-year. This double-digit revenue growth suggests strong demand for the company's products and services across its diverse business segments.
The company reported Q2 EBITDA of ₹433.00 million compared to ₹427.00 million in the same quarter last year, representing a year-over-year increase. However, the EBITDA margin declined to 14.93% from 16.75% in the previous year's corresponding quarter, indicating potential pressure on profitability despite revenue growth.
Segment Performance
The company's financial results reveal insights into its various business segments:
| Segment | Q2 Revenue (₹ million) | Q2 Profit Before Tax (₹ million) |
|---|---|---|
| Surface Finishings | 2,589.00 | 521.30 |
| Engineering | 318.50 | 1.00 |
| Shoppertainment | 7.20 | (36.90) |
The Surface Finishings segment, which includes chemicals and paints, continues to be the primary revenue driver and profit generator for the company. The Engineering segment showed modest revenue but minimal profit contribution, while the Shoppertainment segment reported a small loss.
Balance Sheet Strength
As of September 30, Grauer & Weil maintained a strong financial position:
- Total assets stood at ₹132,849.00 million
- Equity share capital remained stable at ₹4,534.00 million
- Other equity increased to ₹95,218.00 million, indicating retained earnings growth
Management Commentary
While specific management comments were not provided, the company's board of directors approved these results in their meeting held on November 6.
Looking Ahead
The company's diverse business portfolio, spanning chemicals, engineering, paints, lubricants, and real estate, positions it well to capitalize on various market opportunities. The strong revenue growth and increased EBITDA in Q2 may indicate improving market conditions or successful expansion strategies implemented by the company.
However, the decline in EBITDA margin suggests that the company may be facing cost pressures or competitive challenges. Investors and market watchers will likely keep a close eye on how Grauer & Weil addresses these margin concerns while maintaining its growth momentum in the coming quarters, particularly in its core Surface Finishings segment.
Note: All financial figures are based on the consolidated results for the quarter ended September 30, as reported by the company.
Historical Stock Returns for Grauer & Weil
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.18% | -2.58% | -3.86% | +1.67% | -25.45% | +378.32% |

































