Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
Steamhouse H1 Steam Volumes Up 14.35% YoY; Guides FY28 EBITDA/Ton to ₹1,100–₹1,200
Steamhouse India Limited published its Q2 and H1 FY27 earnings call transcript, highlighting a 14.35% YoY growth in steam volumes for H1 FY27 despite seasonal monsoon softness. The company is actively executing multiple expansion projects, including the Jhagadia facility where 14.8 TPH capacity is contracted out of a planned 30 TPH. Management guided next full year's EBITDA per ton to reach ₹1,100 to ₹1,200 as four waste-to-steam facilities become operational. Additionally, an MoU was signed with Haryana Enterprise Promotion Centre for a proposed ₹500 crore investment in industrial infrastructure.
high confidence
What changedSubmission of the formal transcript of the Q2 and H1 FY27 earnings conference call held on October 30, 2026.
Why it mattersProvides detailed operational clarity on community boiler volume growth, project commissioning timelines, and medium-term unit profitability guidance.
H1 FY27 Volume Growth: 14.35% YoYNext Year Guided EBITDA per Ton: ₹1,100 to ₹1,200Jhagadia Contracted Capacity: 14.8 tons per hourJhagadia Planned Total Capacity: 30 tons per hourHaryana MoU Investment Size: INR 500 crores
📅 Short termEBITDA per ton is expected to expand in H2 FY27 as finance costs moderate and two waste-to-steam facilities begin revenue generation.
📈 Long termExpansion beyond Gujarat (such as the Bulk Drug Park in Una, Himachal Pradesh, and Haryana MoU) along with higher-margin waste-to-steam models could structurally enhance return ratios.
⚠ Risk flags
Availability and quality of local industrial and municipal waste feedstock for waste-to-steam facilities
Execution delays in multi-location project pipeline (Jhagadia, Vapi, Nandesari, Pirana)
👀 What to Watch
Track the commissioning timelines and utilization ramp-up of the Jhagadia plant and the waste-to-steam facilities in Q3/Q4 FY27 to monitor whether EBITDA per ton expands towards guided levels.
Steamhouse Reports H1 FY27 PAT Up 99.6% to ₹26.11 Cr, Revenue at ₹256.62 Cr
Steamhouse India Limited released its Q2 & H1 FY27 investor presentation, reporting a 7.63% YoY increase in H1 FY27 revenue from operations to ₹2,566.18 Mn (₹256.62 Cr). Operating leverage and waste-to-energy boiler efficiencies led to an EBITDA surge of 65.72% YoY to ₹556.15 Mn (margin at 21.67%) and a 99.56% YoY jump in PAT to ₹261.13 Mn. Total steam sold during H1 FY27 reached a record 607,458.63 tons, up 14.35% YoY. The company is also commissioning an additional 750 Nm³/hr PSA nitrogen plant at Ankleshwar by the end of CY 2026.
high confidence
What changedSubmission of the Q2 & H1 FY27 investor presentation highlighting operational and financial performance.
Why it mattersDemonstrates strong margin expansion driven by higher EBITDA per ton and waste-to-energy boiler integration, along with visibility into the industrial gas (nitrogen) pipeline.
📅 Short termPositive sentiment likely given the strong 99.6% YoY PAT growth and sharp EBITDA margin improvement in H1 FY27 despite monsoon seasonality.
📈 Long termCompany targets 30-35% EBITDA CAGR over the next 3 years by expanding community boiler infrastructure across Maharashtra, West Bengal, and Himachal Pradesh, alongside new industrial gas offerings.
⚠ Risk flags
Quarterly seasonality (heavy monsoons moderately impact operations and margins)
Capital deployment execution risks as funds are deployed post-IPO
👀 What to Watch
Track the commissioning of the 750 Nm³/hr Ankleshwar nitrogen expansion by end of CY 2026 and monitor if the EBITDA/ton run rate of >₹900 can be sustained post-monsoon.
Steamhouse Q2 FY27 PAT Jumps 167% YoY to ₹7.77 Cr; EBITDA Up 73.4%
Steamhouse India reported a 167.14% YoY increase in consolidated Profit After Tax (PAT) to ₹77.71 Mn (₹7.77 Cr) for Q2 FY27, compared to ₹29.09 Mn in Q2 FY26, despite a seasonal 57.63% QoQ drop. Revenue from operations grew 2.45% YoY to ₹1,279.97 Mn (₹128.00 Cr), while EBITDA jumped 73.38% YoY to ₹246.84 Mn with margins expanding 789 bps to 19.28%. Steam sales volume expanded 12.06% YoY to 301,642.26 tonnes, and the company added 7 new customers representing 7.73 TPH capacity.
high confidence
What changedSteamhouse released its Q2 and H1 FY27 results, showing sharp YoY margin and profitability expansion driven by operating leverage despite flat QoQ revenue.
Why it mattersDemonstrates operating leverage as EBITDA per tonne rose 54.7% YoY, while aggressive expansion in green boiler capacity (aiming for 105 TPH) supports long-term volume runway.
📅 Short termPositive market reaction expected following robust YoY operating expansion, though sequential moderation in QoQ PAT (-57.6%) due to monsoon seasonality may temper sentiment.
📈 Long termSignificant structural growth potential driven by the 7x planned increase in green boiler capacity (15 to 105 TPH) and industrial gas expansion via centralized community networks.
⚠ Risk flags
Seasonality risk as heavy monsoons cause quarterly volume and efficiency dips
Execution risk on multi-fold green boiler capacity expansion (to 105 TPH)
👀 What to Watch
Track the commissioning timeline of the 750 Nm³/hr Ankleshwar nitrogen plant by end-CY2026 and quarterly margin recovery post-monsoon seasonality.
Steamhouse India Approves Q2 and H1 FY27 Financial Results
Steamhouse India Limited held a Board meeting on October 29, 2026, approving the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The statutory auditors have issued their Limited Review Reports on these financial statements. The meeting took place between 03:10 PM and 04:15 PM IST. Specific revenue and profit figures were not included in this outcome letter extract.
medium confidence
What changedSteamhouse India has formally approved and submitted its quarterly financial results for the period ended September 30, 2026.
Why it mattersEnables market participants to assess the company's operational performance and margin trajectory relative to its previous quarters.
Meeting date: October 29, 2026Period ended: September 30, 2026Meeting duration: 65 minutes
📅 Short termMarket reaction will depend on specific revenue and net profit numbers in the detailed tables relative to Jun 2026 PAT of Rs 18.34 cr.
📈 Long termLimited, pending examination of fundamental growth metrics and margin stability.
⚠ Risk flags
Specific financial tables omitted in the main text extract
👀 What to Watch
Review the full detailed financial statements once fully uploaded to analyze sequential growth against Jun 2026 revenue of Rs 128.62 cr and PAT of Rs 18.34 cr.
Signs Rs 500 Cr MoU with Haryana Government for Industrial Steam Infrastructure
Steamhouse India has signed an MoU with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana, on October 27, 2026. The MoU outlines a framework to explore industrial infrastructure opportunities with a proposed investment of Rs 500 crore. The focus will be on community boiler infrastructure across key industrial clusters such as Panipat and Sonipat. The agreement is non-binding and exploratory, contingent on detailed technical, commercial, and regulatory feasibility assessments.
high confidence
What changedSteamhouse signed an exploratory MoU with the Haryana state government for prospective Rs 500 crore cluster-level steam projects.
Why it mattersIf converted into definitive contracts, a Rs 500 crore deployment would represent substantial capacity growth and geographical diversification beyond its Gujarat base.
📅 Short termSentiment positive on potential geographical expansion into Delhi-NCR/Haryana, but no immediate cash flow impact as the agreement is non-binding.
📈 Long termIf feasibility studies succeed and projects are sanctioned, it could open a sizable second operational hub for community boiler systems outside Gujarat.
⚠ Risk flags
Non-binding MoU with no committed project awards or assured financial closure
Execution and regulatory risks dependent on CPCB/state environmental approvals and cluster adoption
👀 What to Watch
Track whether this exploratory MoU translates into formal project awards, capital commitments, and clear construction timelines over upcoming quarters.
Steamhouse Outlines Capacity Doubling to ~705 TPH and ₹311 Cr EPC Mandate in Q1 FY27 Call
In its maiden earnings call transcript for Q1 FY27, Steamhouse India outlined plans to more than double its steam distribution capacity from 345 tons per hour (TPH) to approximately 705 TPH. The company is executing projects across Jhagadia, Vapi, Nandesari, and Pirana, and has entered Himachal Pradesh via an asset-light EPC mandate worth approximately ₹311 crore for a 300 TPH community boiler facility at Una. In Q1 FY27, own boiler generation accounted for 73.7% of steam revenue while traded steam contributed 22.2%. Management aims to maintain its growth target of 30% to 35% EBITDA CAGR, supported by fuel cost pass-through agreements.
high confidence
What changedFiling of the full transcript of Steamhouse's maiden earnings conference call detailing growth pipeline and operational split.
Why it mattersConfirms strong volume visibility via a capacity ramp from 345 TPH to ~705 TPH and entry into EPC/O&M asset-light contracts, supported by pass-through fuel contracts.
Current steam capacity: 345 tons per hourPlanned steam capacity: approximately 705 tons per hourUna EPC project value: approximately INR311 croresOwn generated steam share (Q1): 73.7%Repeat customer share (FY26): 90.7%
📅 Short termProvides operational clarity following its recent IPO; investors will look ahead to Q2 FY27 results to see if the targeted >30% growth momentum is sustained.
📈 Long termDoubling steam distribution network and executing asset-light third-party EPC mandates can significantly expand return on capital and establish high switching barriers.
⚠ Risk flags
Execution delays in under-construction facilities
Client concentration risk with currently 21 industrial customers
Input fuel (coal) volatility risk if cost pass-through terms face client pushback
👀 What to Watch
Track the commissioning timelines of the four under-construction green facilities (Vapi, Nandesari, Jhagadia, Pirana) and the revenue recognition progress on the ₹311 crore Una EPC contract in upcoming Q2 results.
Q1 FY27 PAT Jumps 80.2% YoY to ₹18.34 Cr; Bags ₹311 Cr Una EPC Project
Steamhouse India announced its inaugural results post-listing for Q1 FY27, reporting consolidated revenue from operations of ₹128.62 crore (up 13.35% YoY). EBITDA rose 60.08% YoY to ₹30.93 crore with margins expanding 702 bps to 24.05%, driven by operating leverage and waste-to-energy boiler utilization. Profit After Tax jumped 80.25% YoY to ₹18.34 crore. Additionally, the company secured a ₹311 crore EPC and long-term O&M community boiler mandate at Bulk Drug Park, Una.
high confidence
What changedReported inaugural post-listing Q1 FY27 financial results and outlined new capacity expansions along with a ₹311 crore project award.
Why it mattersDemonstrates strong operational leverage with a 702 bps EBITDA margin expansion, while the ₹311 crore EPC project substantially enhances medium-term revenue visibility and adds recurring O&M potential.
📅 Short termPositive sentiment driven by robust 80% YoY earnings growth, sharp margin expansion, and a sizable project win.
📈 Long termExpansion into green steam generation (targeting 105 TPH), solar projects, and long-term O&M contracts provide strong structural drivers for recurring, higher-margin revenue.
👀 What to Watch
Monitor execution milestones and revenue recognition timeline for the ₹311 crore Una EPC contract, as well as the commissioning progress of the planned 105 TPH green boiler capacity.
Steamhouse Releases Q1 FY27 Presentation: Revenue Up 13.35% YoY to ₹128.62 Cr, PAT Up 80.25%
Steamhouse India Limited published its investor presentation covering Q1 FY27 financial and operational performance. Revenue from operations increased by 13.35% YoY to ₹1,286.21 million, driven by a 16.70% YoY increase in steam volumes sold to 3,05,816.37 tons. EBITDA jumped 60.08% YoY to ₹309.32 million, expanding EBITDA margins to 24.05% due to higher steam sales and zero trading coal sales. Profit after tax grew 80.25% YoY to ₹183.42 million, with management guiding for a 30-35% EBITDA CAGR over the next three years.
high confidence
What changedSteamhouse India published its comprehensive Q1 FY27 investor presentation detailing operational metrics, volume growth, and business expansion plans.
Why it mattersDemonstrates operating leverage from centralized community boilers and effective pass-through of coal price volatility, leading to substantial margin expansion.
📅 Short termPositive sentiment driven by robust EBITDA margin expansion and volume growth shown in the investor deck.
📈 Long termThe shift toward non-fossil/waste-to-steam community boilers and pipeline nitrogen distribution provides structural runway if the targeted 30-35% EBITDA CAGR is executed.
⚠ Risk flags
Heavy geographic concentration in Gujarat industrial clusters
Dependency on coal costs pass-through stability with industrial clients
👀 What to Watch
Track the upcoming Q2 FY27 results announcement and progress on non-fossil capacity additions (such as Pirana 90 TPH and the Surat Municipal Corporation waste-to-steam proposal).
Steamhouse India Approves Q1 FY27 Unaudited Standalone and Consolidated Financial Results
Steamhouse India Limited held a Board meeting on October 05, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting commenced at 11:30 A.M. IST and concluded at 3:45 P.M. IST. Limited Review Reports from the Statutory Auditors were also received and taken on record. Specific financial tables and metric details were not enclosed in the provided text excerpt.
low confidence
What changedSteamhouse India formally released its unaudited financial results and limited review report for the quarter ended June 30, 2026.
Why it mattersProvides statutory quarterly financial transparency for investors, showing the company's operating performance for Q1 FY27.
Quarter ended: June 30, 2026Meeting start time: 11:30 A.M. (IST)Meeting end time: 3:45 P.M. (IST)
📅 Short termMarket response will depend on the detailed revenue and profit numbers contained in the accompanying financial tables.
📈 Long termLimited until quantitative revenue and margin growth trends can be assessed across multiple quarters.
⚠ Risk flags
Financial figures omitted from text body
👀 What to Watch
Track the full quarterly filing disclosure for revenue, EBITDA margins, and net profit figures once detailed tables are populated.
Steamhouse Wins ₹311 Cr EPC & 25-Yr O&M Mandate for Bulk Drug Park in Himachal
Steamhouse India has been awarded an EPC and long-term O&M mandate valued at ₹311 crore (inclusive of GST) by Himachal Pradesh Bulk Drug Park Infrastructure Limited. The project entails setting up a 300 TPH Common Steam Plant and an indicative 30 MW co-generation power plant in Una, Himachal Pradesh. The EPC execution period is 24 months, followed by a 25-year O&M phase featuring an initial subsidized period and revenue sharing from April 2032 to March 2052. The win marks geographic expansion outside Gujarat and expands the company's potential steam capacity pipeline to approximately 1,005 TPH.
high confidence
What changedSteamhouse secured a ₹311 crore contract for EPC, commissioning, and 25-year O&M of a steam and co-generation plant in Himachal Pradesh.
Why it mattersIt expands the company's community steam model beyond Gujarat, significantly broadens capacity pipeline to 1,005 TPH, and provides multi-decade O&M cash flow visibility.
Order value: ₹311 crore (inclusive of GST)Steam plant capacity: 300 TPHCo-generation capacity: 30 MWEPC timeline: 24 monthsO&M duration: 25 yearsTarget total capacity: approximately 1,005 TPH
📅 Short termPositive sentiment driven by the high-value project win and geographic expansion beyond its core Gujarat base.
📈 Long termSubstantially scales operations with 25 years of annuity-like O&M revenue and establishes the company's model in industrial park utilities.
⚠ Risk flags
Execution timeline risks over the 24-month EPC window
Definitive agreement execution still pending
Operational risk tied to long-term cost recoupment and revenue-sharing mechanisms
👀 What to Watch
Track execution of the definitive agreement, formal project commencement, and EPC progress over the 24-month construction schedule.
⚠️How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI
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