Linde India (523457) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was Rs 7,231.97 million, up from Rs 6,441.93 million YoY; net profit fell to Rs 1,188.12 million from Rs 1,710.00 million.

• H1 revenue rose to Rs 14,175.60 million from Rs 12,152.73 million, while net profit declined to Rs 2,234.06 million from Rs 2,781.90 million.

Financial highlights

• Q2 consolidated profit before tax was Rs 1,590.38 million versus Rs 2,282.78 million YoY; total expenses increased to Rs 5,748.85 million from Rs 4,214.34 million.

• Q2 power and fuel expense was Rs 1,283.24 million versus Rs 414.68 million YoY; finance costs were Rs 158.14 million versus Rs 31.48 million.

• H1 consolidated profit before tax was Rs 2,987.18 million versus Rs 3,726.14 million; total expenses were Rs 11,370.25 million versus Rs 8,546.33 million.

Segment performance

• Q2 segment revenue was Rs 5,627.57 million for Gases, related products and services versus Rs 5,604.25 million YoY; Project Engineering revenue was Rs 2,238.05 million versus Rs 2,250.37 million.

• Q2 segment profit before interest and tax was Rs 1,600.77 million for Gases versus Rs 2,158.74 million YoY, and Rs 204.68 million for Project Engineering versus Rs 237.29 million.

• H1 segment revenue was Rs 11,071.73 million for Gases versus Rs 10,601.19 million; Project Engineering was Rs 4,483.69 million versus Rs 4,790.55 million.