Max India standalone Q2 revenue at Rs 1.28 crore, net loss widens to Rs 3.87 crore

Net loss reportedExceptional itemNegative operating cash flowRevenue growth above 20%EBITDA margin expansionResults View source PDF Explain this filing

MAXIND · price

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Price reactionminutes from the announcement price · days from the prior close

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₹143.00

prior close

₹168.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+0.5% vs market

Holding Company peers, median of 15sector+1.4%+1.3% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.3 pts more than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-7.3

10m

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15m

-8.9

30m

-8.9

Sessions after the filingfrom the prior close

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Reaction day

+2.7+2.2+0.5+1.4+1.3

Next day

+4.9+3.3+1.6+2.7+2.2

+4.2pendingpending+1.6+2.6

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AI summary

Standalone for the quarter ended 30 September 2026, Max India's revenue from operations was Rs 1.28 crore versus Rs 3.14 crore a year earlier, and net loss widened to Rs 3.87 crore from Rs 0.42 crore. Exceptional items were Rs 0.23 crore. Half-year standalone revenue was Rs 2.79 crore, net loss Rs 7.65 crore and operating cash outflow Rs 10.05 crore. Consolidated results were approved but not detailed here.

Likely market impact

Lower sales, a wider loss and cash burn are negative for shareholders; the stock may remain under pressure.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹86.79 Cr	₹45.16 Cr	+92.2%
Operating profit	−₹30.52 Cr	−₹40.26 Cr	loss narrowed
Profit after tax	−₹22.25 Cr	−₹34.07 Cr	loss narrowed
EBITDA margin	-23.2%	-67.1%	+43.8 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.