Adroit Industries Q2 FY27 results: net profit ₹8.55 crore

How did Adroit Industries perform in Q2 FY27?

On a consolidated basis, Adroit Industries reported revenue of ₹42.67 crore in the quarter ended 30 September 2026, against ₹34.11 crore in Q1 FY27, while total income was ₹43.79 crore compared with ₹35.41 crore. Total expenses rose to ₹33.19 crore from ₹25.87 crore. Cost of materials was ₹15.69 crore against ₹8.85 crore, employee cost was ₹7.07 crore against ₹5.93 crore, and other expenses were ₹10.73 crore against ₹8.40 crore.

EBITDA for Q2 FY27 was ₹11.96 crore, up from ₹10.55 crore in Q1 FY27, while the EBITDA margin was 28.0%, compared with 30.9% in the previous quarter. Profit before tax was ₹10.60 crore against ₹9.53 crore, and tax was ₹2.05 crore. Net profit was ₹8.55 crore, up from ₹7.49 crore, with the net profit margin at 20.0% against 22.0%. Basic EPS was ₹1.91, lower than ₹2.15 in Q1 FY27. There was no exceptional item.

On a standalone basis, revenue was ₹12.61 crore and net profit was ₹0.89 crore for Q2 FY27. The company does not provide figures here for the year-ago quarter.

What do the balance sheet and cash flow show?

As on 30 September 2026, total assets were ₹386.19 crore and total equity was ₹267.75 crore. Borrowings stood at ₹80.66 crore, while cash and cash equivalents were ₹131.32 crore. Inventories were ₹62.43 crore, trade receivables were ₹61.3 crore and trade payables were ₹19.94 crore. The company has not provided a comparison with the previous balance sheet date in the figures available here.

For the first half of FY27, net cash used in operating activities was ₹18.3 crore. Investing activities generated ₹5.99 crore and financing activities generated ₹142.12 crore. Capital expenditure was ₹4.52 crore. A year-earlier cash flow comparison is not available in the figures provided.

What else did the company announce?

The board of Adroit Industries met on 28 October 2026 and approved the un-audited Ind AS standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the limited review report. The results had been reviewed and recommended by the audit committee. The board also approved the CFO declaration that the financial results do not contain any false or misleading statement or figures and do not omit any material fact.

The company had earlier filed a board meeting intimation on 21 October 2026, stating that the meeting would consider and approve the standalone and consolidated results for the quarter and half year ended 30 September 2026. The filings available here do not include a dividend announcement, a fund raise or any appointment.

What did Adroit Industries' management say?

Management said it aims to maintain an EBITDA margin of approximately 30%, plus or minus 2 percentage points, supported by disciplined procurement, manufacturing efficiency and appropriate pricing, according to Chief Financial Officer B.R. Patidar. Management set an FY27 revenue ambition of more than ₹180 crore, expected FY28 revenue of approximately ₹250 crore, and a mid-term revenue vision of approximately ₹475–500 crore by FY31. Chairman and Managing Director Saurabh Sangla said the FY31 figure was the company's mid-term vision.

Management said Pithampur machining and assembly capacity would increase from 900,000 units annually to 1,800,000 units in Q4 FY27, while Dewas annual forging capacity would rise from 3,000 tonnes to 5,500 tonnes in Q1 FY28. Full ramp-up was targeted for Q4 FY28. Management said the order book stood at ₹68–70 crore, with 78% from export customers, and that the working-capital cycle was 248–249 days and expected to remain at 200–230 days.

Management identified risks including the six months to one year of testing and customer approvals required for industrial and defence shafts. It said exports accounted for 82.36% of first-half revenue, with the US contributing 59.56% of export sales. Management also said growth could be managed without raising additional funds, as stated by the Chairman and Managing Director. No specific analyst questions were recorded in the figures available here.

How did Adroit Industries shares react?

After the filing appeared, the share price was unchanged over the first five minutes. From the previous close of ₹204.0, the stock fell 4.4% on the reaction day, to ₹192.77. By the next day's close it was down 9.4% from its pre-results close, and by the fifth session it was down 16.6%.

Over the same period, the Nifty Microcap 250 rose 0.8% on the reaction day, was up 1.0% by the next day's close and was down 0.9% by the fifth session. An industry median comparison was not available, and there are no earlier results-day moves in the records provided.