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Aakash Exploration Services Q2 FY27 results: net loss of ₹0.28 crore vs ₹0.28 crore profit, revenue up 9.1%
Aakash Exploration Services Limited reported standalone Q2 FY27 revenue of ₹27.07 crore, up 9.1% from Q2 FY26, but a net loss of ₹0.28 crore compared with a net profit of ₹0.28 crore. EBITDA fell to ₹2.79 crore from ₹2.91 crore, while the EBITDA margin declined to 10.3% from 11.7%.
Key points
- Standalone Q2 FY27 revenue was ₹27.07 crore, up 9.1% from ₹24.81 crore in Q2 FY26.
- EBITDA was ₹2.79 crore, down 4.1% from ₹2.91 crore, with the margin at 10.3% against 11.7%.
- Aakash Exploration Services reported a net loss of ₹0.28 crore in Q2 FY27, against a net profit of ₹0.28 crore a year earlier.
- Basic EPS was a loss of ₹0.03 in Q2 FY27, compared with EPS of ₹0.03 in Q2 FY26.
- H1 FY27 revenue was ₹54.96 crore, up 12.9%, while PAT fell to ₹0.24 crore from ₹0.82 crore.
How did Aakash Exploration Services perform in Q2 FY27?
Aakash Exploration Services reported standalone revenue of ₹27.07 crore for Q2 FY27, up 9.1% from ₹24.81 crore in Q2 FY26. EBITDA was ₹2.79 crore, down 4.1% from ₹2.91 crore, and the EBITDA margin fell 1.4 percentage points to 10.3% from 11.7%.
The company moved from a net profit of ₹0.28 crore in Q2 FY26 to a net loss of ₹0.28 crore in Q2 FY27. Basic EPS was a loss of ₹0.03, compared with EPS of ₹0.03 in the year-ago quarter. Against Q1 FY27, revenue fell 2.9% to ₹27.07 crore from ₹27.89 crore, while EBITDA rose 24.6% to ₹2.79 crore from ₹2.24 crore.
The results are presented on a standalone basis. The Board approved the unaudited financial results for the quarter and half year ended 30 September 2026 on 2 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 27.07 | 27.89 | 24.81 | +9.1% | −2.9% |
| Other income | 0.52 | 1.48 | 0.18 | +188.9% | −64.9% |
| Total expenses | 27.83 | 28.67 | 24.62 | +13.0% | −2.9% |
| EBITDA | 2.79 | 2.24 | 2.91 | −4.1% | +24.6% |
| EBITDA margin | 10.3% | 8.0% | 11.7% | −1.4 pp | +2.3 pp |
| Profit before tax | −0.24 | 0.71 | 0.37 | turned to loss | turned to loss |
| Tax | 0.04 | 0.19 | 0.10 | −60.0% | −78.9% |
| Net profit | −0.28 | 0.52 | 0.28 | turned to loss | turned to loss |
| EPS (₹) | −0.03 | 0.05 | 0.03 | turned to loss | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Aakash Exploration Services' costs and profit?
Total expenses rose 13.0% year on year to ₹27.83 crore from ₹24.62 crore. Cost of materials consumed increased by ₹1.10 crore to ₹4.78 crore, employee benefits expense rose by ₹0.34 crore to ₹9.67 crore, and other expenses increased by ₹0.94 crore to ₹9.83 crore.
Finance costs rose by ₹0.09 crore to ₹0.60 crore, while depreciation and amortisation increased by ₹0.73 crore to ₹2.95 crore. Other income was ₹0.52 crore, up ₹0.34 crore from ₹0.18 crore, and there was no exceptional item in either quarter. Tax expense fell by ₹0.06 crore to ₹0.04 crore from ₹0.10 crore.
Against Q1 FY27, total expenses fell by ₹0.84 crore to ₹27.83 crore from ₹28.67 crore. Cost of materials consumed declined by ₹0.92 crore and other expenses fell by ₹0.55 crore, while employee benefits expense, finance costs and depreciation were higher. Other income fell by ₹0.96 crore to ₹0.52 crore from ₹1.48 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 4.78 | 3.68 | +1.10 | +29.9% |
| Employee cost | 9.67 | 9.33 | +0.34 | +3.6% |
| Finance costs | 0.60 | 0.51 | +0.09 | +17.6% |
| Depreciation | 2.95 | 2.22 | +0.73 | +32.9% |
| Other expenses | 9.83 | 8.89 | +0.94 | +10.6% |
| Total expenses | 27.83 | 24.62 | +3.21 | +13.0% |
| Other income | 0.52 | 0.18 | +0.34 | +188.9% |
| Tax | 0.04 | 0.10 | −0.06 | −60.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue was ₹54.96 crore, up 12.9% from ₹48.66 crore in H1 FY26. Total income was ₹56.97 crore, up 15.9% from ₹49.14 crore, while profit before tax fell 56.9% to ₹0.47 crore from ₹1.09 crore.
PAT declined 70.7% to ₹0.24 crore in H1 FY27 from ₹0.82 crore in H1 FY26. Basic EPS was ₹0.02, down from ₹0.08 in the year-ago period. Total expenses were ₹5,650.19 lakh in H1 FY27, compared with ₹4,805.16 lakh in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 54.96 | 48.66 | +12.9% |
| Profit before tax | 0.47 | 1.09 | −56.9% |
| Net profit | 0.24 | 0.82 | −70.7% |
| EPS (₹) | 0.02 | 0.08 | −75.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As at 30 September 2026, total assets were ₹116.57 crore, compared with ₹106.11 crore as at 31 March 2026. Total equity was ₹64.12 crore against ₹63.88 crore, while borrowings rose to ₹34.17 crore from ₹22.19 crore. Cash and cash equivalents were ₹0.11 crore as at 31 March 2026, with no cash balance reported at 30 September 2026.
Trade receivables were ₹24.71 crore at 30 September 2026, compared with ₹24.78 crore at 31 March 2026. Trade payables were ₹7.19 crore against ₹7.56 crore. H1 FY27 operating cash flow was ₹4.9 crore, compared with ₹1.32 crore in H1 FY26; investing cash flow was ₹16.28 crore and financing cash flow was ₹11.27 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 116.57 | 106.11 |
| Total equity | 64.12 | 63.88 |
| Borrowings | 34.17 | 22.19 |
| Cash and equivalents | 0 | 0.11 |
| Inventories | 0 | 0 |
| Trade receivables | 24.71 | 24.78 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 4.90 | 1.32 |
| Cash from investing | −16.28 | −8.85 |
| Cash from financing | 11.27 | 8.02 |
| Capital expenditure | 16.30 | 0 |
Source: Company's results filing (XBRL).
How has Aakash Exploration Services done over the last 8 quarters?
Revenue rose year on year in each of the last five quarters. Across the listed quarters, revenue peaked at ₹32.65 crore in Q4 FY26 and was lowest at ₹23.35 crore in Q3 FY25; Q2 FY27 revenue was ₹27.07 crore, lower than ₹27.89 crore in Q1 FY27.
PAT peaked at ₹1.88 crore in Q4 FY26 and bottomed with a net loss of ₹0.28 crore in Q2 FY27. The EBITDA margin also peaked at 16.3% in Q4 FY26, fell to 8.0% in Q1 FY27 and recovered to 10.3% in Q2 FY27.
How did Aakash Exploration Services shares react?
After the filing, the stock fell 1.3% within 5 minutes and 6.3% after both 15 and 30 minutes. From the previous close of ₹7.85, the reaction-day close was down 3.3%; by the next day’s close, the stock was down 0.6% from its pre-results close.
On the reaction day, the Oil industry’s median move was down 0.2%, leaving Aakash Exploration Services 3.1 percentage points below the industry median. By the next day’s close, the industry median was up 1.4%, while the stock was 2.1 percentage points below it.
Earlier reaction-day moves were mixed: the stock fell 2.0% on 11 August 2026 and rose 4.5% on 12 May 2026. Other recorded moves included a fall of 0.6% on 12 February 2026 and a rise of 1.0% on 6 November 2025.
| After the filing | Stock | Oil median |
|---|---|---|
| 5 minutes | −1.3% | |
| 15 minutes | −6.3% | |
| 30 minutes | −6.3% | |
| Reaction day | −3.3% | −0.2% |
| Next day | −0.6% | +1.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 11 August 2026 | −2.0% |
| 12 May 2026 | +4.5% |
| 12 February 2026 | −0.6% |
| 6 November 2025 | +1.0% |
| 30 July 2025 | −0.9% |
| 14 May 2025 | −1.9% |
| 24 January 2025 | −11.5% |
| 12 November 2024 | −3.5% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Aakash Exploration Services' revenue in Q2 FY27?
Revenue from operations was ₹27.07 crore, up 9.1% from ₹24.81 crore in Q2 FY26 (standalone).
Did Aakash Exploration Services make a profit in Q2 FY27?
No. It reported a net loss of ₹0.28 crore, against a net profit of ₹0.28 crore in Q2 FY26.
What was Aakash Exploration Services' EPS in Q2 FY27?
Basic loss per share was ₹0.03, against ₹0.03 in Q2 FY26.
How did Aakash Exploration Services shares react to the Q2 FY27 results?
On the reaction day the stock moved −3.3% from the previous close; the median Oil stock moved −0.2%.
When did Aakash Exploration Services announce its Q2 FY27 results?
On 2 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 2 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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