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Aayush Art and Bullion Q2 FY27 results: net profit ₹3.69 crore vs ₹0.37 crore, revenue up 55.7%
Aayush Art and Bullion Limited reported standalone revenue of ₹74.32 crore and a net profit of ₹3.69 crore for Q2 FY27. EBITDA rose to ₹4.99 crore and margin to 6.7%, while basic EPS was ₹2.41; the results were approved by the board on 4 November 2026.
Key points
- Revenue rose 55.7% year on year to ₹74.32 crore in Q2 FY27 from ₹47.72 crore.
- EBITDA increased to ₹4.99 crore from ₹0.55 crore, with margin rising to 6.7% from 1.1%.
- Net profit rose to ₹3.69 crore from ₹0.37 crore, and basic EPS increased to ₹2.41 from ₹0.24.
- Total expenses increased 46.9% to ₹69.35 crore, while other expenses fell 72.9% to ₹0.38 crore.
- The standalone results were approved by the board on 4 November 2026; no exceptional item was reported.
How did Aayush Art and Bullion perform in Q2 FY27?
Aayush Art and Bullion reported standalone revenue of ₹74.32 crore in Q2 FY27, up 55.7% from ₹47.72 crore in Q2 FY26. EBITDA was ₹4.99 crore, up from ₹0.55 crore, while EBITDA margin increased 5.6 percentage points to 6.7% from 1.1%.
Profit before tax rose to ₹4.98 crore from ₹0.52 crore, and net profit increased to ₹3.69 crore from ₹0.37 crore. Basic EPS was ₹2.41, compared with ₹0.24 in the year-ago quarter. No previous-quarter figures were provided, so a sequential comparison with Q1 FY27 is not available.
The figures are standalone and unaudited. The company reported that it has a single reportable segment. The board approved the standalone financial results for the half year ended 30 September 2026 on 4 November 2026, following an independent auditor’s review.
| ₹ crore | Q2 FY27 | Q2 FY26 | YoY |
|---|---|---|---|
| Revenue from operations | 74.32 | 47.72 | +55.7% |
| Other income | 0.01 | 0 | |
| Total expenses | 69.35 | 47.20 | +46.9% |
| EBITDA | 4.99 | 0.55 | +807.3% |
| EBITDA margin | 6.7% | 1.1% | +5.6 pp |
| Profit before tax | 4.98 | 0.52 | +857.7% |
| Tax | 1.28 | 0.15 | +753.3% |
| Net profit | 3.69 | 0.37 | +897.3% |
| EPS (₹) | 2.41 | 0.24 | +904.2% |
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 Aayush Art and Bullion's costs and profit?
Total expenses increased by ₹22.15 crore to ₹69.35 crore in Q2 FY27 from ₹47.20 crore in Q2 FY26. Employee cost rose by ₹0.04 crore to ₹0.09 crore, while depreciation fell by ₹0.01 crore to ₹0.02 crore. Cost of materials and finance costs were unchanged at ₹0 crore.
Other expenses declined by ₹1.02 crore to ₹0.38 crore from ₹1.40 crore, while other income rose by ₹0.01 crore to ₹0.01 crore. There was no exceptional item in either quarter, so the reported profit before tax of ₹4.98 crore was not affected by one.
Tax expense increased by ₹1.13 crore to ₹1.28 crore from ₹0.15 crore. Against this, the fall in other expenses was the largest stated change among the cost lines, and the filing did not provide a reason for the year-on-year movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.09 | 0.05 | +0.04 | +80.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.02 | 0.03 | −0.01 | −33.3% |
| Other expenses | 0.38 | 1.40 | −1.02 | −72.9% |
| Total expenses | 69.35 | 47.20 | +22.15 | +46.9% |
| Other income | 0.01 | 0 | +0.01 | |
| Tax | 1.28 | 0.15 | +1.13 | +753.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹174.25 crore at 30 September 2026 from ₹125.32 crore at 31 March 2026. Total equity rose to ₹64.47 crore from ₹60.78 crore, while borrowings remained at ₹0 crore and cash declined to ₹0.49 crore from ₹0.68 crore.
Inventories fell to ₹10.25 crore from ₹17.0 crore, while trade receivables rose to ₹156.26 crore from ₹99.0 crore. Trade payables increased to ₹105.62 crore from ₹61.65 crore. The filing presents the results on a standalone basis and identifies the company’s segment as single reportable.
For H1 FY27, operating cash flow was negative ₹1.17 crore, compared with negative ₹1.44 crore in H1 FY26. Investing cash flow was ₹0.98 crore against ₹1.37 crore, financing cash flow was ₹0 crore in both periods, and capital expenditure was ₹0.04 crore against ₹0.02 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 174.25 | 125.32 |
| Total equity | 64.47 | 60.78 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.49 | 0.68 |
| Inventories | 10.25 | 17 |
| Trade receivables | 156.26 | 99 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.17 | −1.44 |
| Cash from investing | 0.98 | 1.37 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0.04 | 0.02 |
Source: Company's results filing (XBRL).
How has Aayush Art and Bullion done over the last 6 quarters?
Revenue reached ₹168.63 crore in Q4 FY26 before falling to ₹74.32 crore in Q2 FY27. It had risen from ₹0.17 crore in Q4 FY24 and ₹26.58 crore in Q2 FY25, while the year-ago quarter recorded ₹47.72 crore. The current direction was lower than Q4 FY26 but higher than Q2 FY26.
Profit after tax peaked at ₹7.53 crore in Q4 FY26, compared with ₹1.56 crore in Q4 FY25 and ₹0.37 crore in Q2 FY26, before easing to ₹3.69 crore in Q2 FY27. EBITDA margin reached 6.7% in the current quarter, above 6.1% in Q4 FY26 and 1.1% in Q2 FY26.
Revenue rose year on year in each of the last four quarters, while profit rose year on year in each of the last two quarters. The current quarter therefore followed the stated revenue streak, although revenue and profit were lower than the preceding peak in Q4 FY26.
How did other Other Textile Products companies do?
Among 70 Other Textile Products companies compared for the quarter, the median revenue growth was 23.2%. Aayush Art and Bullion’s revenue growth of 55.7% was faster than the growth recorded by 15 peers and slower than the growth recorded by 55 peers.
Of the 72 peers for which profit was compared, 50 reported higher profit. The peer data, compiled as of 5 November 2026, therefore shows more companies with profit growth than without it, while Aayush Art and Bullion remained above the peer median revenue growth rate.
| Aayush Art and Bullion revenue growth (YoY) | +55.7% |
|---|---|
| Median of 70 other Other Textile Products companies | +23.2% |
| Companies with slower revenue growth than Aayush Art and Bullion | 55 of 70 |
| Companies with faster revenue growth than Aayush Art and Bullion | 15 of 70 |
| Companies whose net profit rose | 50 of 72 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Aayush Art and Bullion's revenue in Q2 FY27?
Revenue from operations was ₹74.32 crore, up 55.7% from ₹47.72 crore in Q2 FY26 (standalone).
Did Aayush Art and Bullion make a profit in Q2 FY27?
Yes. Net profit was ₹3.69 crore, against a net profit of ₹0.37 crore in Q2 FY26.
What was Aayush Art and Bullion's EPS in Q2 FY27?
Basic earnings per share were ₹2.41, against ₹0.24 in Q2 FY26.
When did Aayush Art and Bullion announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Prior Intimation Of The Board Meeting Pursuant To Regulation 29 Of SEBI (Listing Obligations & Disclosures Requirements), Regulations, 2015 (BSE, 30 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015- Financial Results (BSE, 4 November 2026) · PDF
- Outcome Of The Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015- Financial Results (BSE, 4 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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