Maral Overseas Approves Rs 180 Crore Sarovar Plant Upgradation Till 2030

Q2 FY27 Standalone Results YoY: Revenue at 301 Cr vs 250 Cr, up 20.7%. EBITDA at 25.1 Cr vs 13.7 Cr, up 82.4%. EBITDA Margin at 8.3% vs 5.5%. PAT turned profitable at 7.0 Cr vs loss of 2.8 Cr. Yarn drove growth at +28.6% while garment fell 10.9%, loss narrowing. In-principle 180 Cr Sarovar capex till 2030. Solar stake at 3.64 Cr vs 2.6 lakh. Context: revives capex plan kept in abeyance. H1 EBITDA includes Rs 2.8 Cr unrealized FX gain and Rs 3.0 Cr provision write-back per CFS; adjusted margin ~7.3% vs 8.4%. EBITDA margin supported as employee costs fell 3.4% vs revenue growth of 20.7%.