- Opening HookWhen half the market was still Googling “What is a pre-engineered building?”, Interarch quietly stacked steel, cash, and credibility into India’s growth story. Now, with record revenues and a 200,000 MT capacity flex, Arvind Nanda’s team is basically building India one bolted beam at a time. The real twist? They’re calling it aproduct, not a project — turning factories into factories-for-factories. And if you thought this was just another quarter of ‘robust growth’, wait till you hear how Gujarat and Andhra are about to change the game. Grab your chai — things are about to getstructurally interesting.
- At a Glance
- Revenue up 52%– Steel met demand, spreadsheets followed.
- EBITDA grew 65%– Margins lifted weights; gym membership renewed.
- PAT up 56%– Profit’s finally catching the growth train.
- Order Book ₹1,634 Cr– Pipeline so fat, even Ambit’s analysts smiled.
- Capacity at 200,000 MT– The plants are running, not walking.
- 80–85% Repeat Orders– Customers clearly like their steel spicy and on time.
- Management’s Key Commentary
“We delivered our highest-ever quarterly revenue, inching closer to the ₹500 crore mark.”(Translation: They basically touched it but didn’t want to jinx FY27 targets.😏)
“The commissioning of our Andhra unit and upcoming Gujarat facility will drive capacity and diversification.”(Translation: South and West India – brace for more cranes and helmets.)
“Order book stands at ₹1,634 crore, with 80–85% repeat business.”(Translation: Clients aren’t experimenting; Interarch’s their comfort food.)
“We’ll easily cross ₹2,000 crore next year; capacity is ready.”(Translation: FY27 brochures are already being printed.)
“We don’t compete with others. Interarch competes with Interarch.”(Translation: The Mercedes of metal is revving its own engine.🚗)
“New entrants can’t just jump into lithium or semiconductor plants.”(Translation: Kids, put your welding guns down – this isn’t Lego.)
“Our goal is double-digit EBITDA margins, maybe not this year.”(Translation: Don’t expect fireworks just yet, but the fuse is lit.)
- Numbers Decoded
| Metric | Q2 FY26 | Q2 FY25 | YoY Growth | Punchline |
|---|---|---|---|---|
| Revenue | ₹491 Cr | ₹323 Cr | 52% | Cement who? Steel’s the new concrete. |
| EBITDA | ₹42 Cr | ₹25 Cr | 65% | Muscles of margin showing up. |
| EBITDA Margin | 8.5% | 7.7% | +80 bps | Flexing but not yet shredded. |
| PAT | ₹32 Cr | ₹21 Cr | 56% | Profits finally leaving the gym. |
| H1 Revenue | ₹872 Cr | ₹627 Cr | 39% | Half-year marathon run in sprints. |
| Order Book | ₹1,634 Cr | ₹1,200 Cr | +36% | Pipeline thicker than steel beams. |
Note:Volume stood at ~41,200 MT — factories sweating it out near full tilt.
- Analyst Questions (Decoded)
- Q:“How did you execute so fast?”A:“New plants, better coordination.”(Translation: We finally found the missing bolts.)
- Q:“₹2,000 crore target realistic?”A:“Already planning for it.”(Translation: Overachiever alert.)
- Q:“Competitors say they’ll eat your lunch.”A:“We brought the tiffin.”(Translation: Good luck catching up.😏)
- Q:“Any export traction yet?”A:“Canada called, we picked up.”(Translation: Early days, but passports are stamped.)
- Q:“Heavy steel margins?”A:“Similar to PEB, bigger volumes, fewer headaches.”(Translation: Same butter, bigger bread.)
- Guidance & Outlook
