Pokarna Ltd the rescission of a US antidumping-duty review

POKARNA Pokarna reported Q2 FY27 consolidated revenue of ₹161.10 crore, up 36.0% year-on-year, with EBITDA of ₹59.45 crore (up 149.9% YoY) and net profit of ₹34.27 crore, up 441.4% YoY (versus a loss of ₹6.33 crore in Q2 FY26); the EBITDA margin expanded to 36.90%, and the results were approved by the board on November 3 and published in newspapers on November 4. On the market side, shares hit the 20% upper circuit on November 5, closing at ₹814.60 (up ₹135.75), with 21.52 lakh shares traded and a turnover of ₹156.76 crore, driven by the results disclosure and a sharp technical breakout. In a major regulatory development, the US Department of Commerce rescinded the antidumping-duty administrative review for the period June 1, 2025 to May 31, 2026 concerning quartz-surface exports from India (including Pokarna Engineered Stone Ltd), after US importers and domestic producers withdrew their request; this means assessment rates for the company’s exports during that period remain unaffected, providing regulatory certainty for its US business.