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Aerpace Industries Q2 FY27 results: net loss widens to ₹5.89 crore
Aerpace Industries Ltd reported consolidated revenue of ₹0 crore in Q2 FY27 and a net loss of ₹5.89 crore. Total income was ₹0.23 crore, while basic EPS was ₹0.38.
Key points
- Consolidated revenue was ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27.
- Aerpace Industries reported a net loss of ₹5.89 crore in Q2 FY27, compared with a net loss of ₹3.45 crore in Q2 FY26.
- EBITDA was ₹4.73 crore negative in Q2 FY27, against ₹2.70 crore negative in Q2 FY26 and ₹2.99 crore negative in Q1 FY27.
- Total expenses increased to ₹6.15 crore in Q2 FY27 from ₹3.53 crore in Q2 FY26.
- Basic EPS was ₹0.38 in Q2 FY27, compared with ₹0.22 in Q2 FY26 and ₹0.27 in Q1 FY27.
How did Aerpace Industries perform in Q2 FY27?
Aerpace Industries reported consolidated revenue of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. Total income was ₹0.23 crore, against ₹0.02 crore in Q2 FY26 and ₹0.25 crore in Q1 FY27. No EBITDA margin was reported for the quarter.
On a consolidated basis, Aerpace Industries recorded an EBITDA loss of ₹4.73 crore in Q2 FY27, compared with an EBITDA loss of ₹2.70 crore in Q2 FY26 and ₹2.99 crore in Q1 FY27. The company reported a loss before tax of ₹5.92 crore, compared with ₹3.51 crore in Q2 FY26 and ₹4.22 crore in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0.23 | 0.25 | 0.02 | +1050.0% | −8.0% |
| Total expenses | 6.15 | 4.47 | 3.53 | +74.2% | +37.6% |
| EBITDA | −4.73 | −2.99 | −2.70 | ||
| Profit before tax | −5.92 | −4.22 | −3.51 | ||
| Tax | −0.04 | −0.06 | −0.06 | ||
| Net profit | −5.89 | −4.15 | −3.45 | ||
| EPS (₹) | −0.38 | −0.27 | −0.22 |
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 Aerpace Industries' costs and profit?
Aerpace Industries’ consolidated total expenses rose to ₹6.15 crore in Q2 FY27 from ₹3.53 crore in Q2 FY26, an increase of ₹2.62 crore. Employee cost was ₹2.42 crore, up ₹1.65 crore from ₹0.77 crore, while finance costs were ₹0.50 crore, up ₹0.23 crore from ₹0.27 crore.
Depreciation and amortisation was ₹0.93 crore in Q2 FY27, up ₹0.37 crore from ₹0.56 crore in Q2 FY26. Other expenses were ₹2.31 crore, up ₹0.38 crore from ₹1.93 crore. There was no exceptional item in either quarter.
Other income increased to ₹0.23 crore from ₹0.02 crore, a rise of ₹0.21 crore. Total income was therefore ₹0.23 crore against ₹0.02 crore in Q2 FY26, even as the loss before tax widened to ₹5.92 crore from ₹3.51 crore. The tax figure was ₹0.04 crore, compared with ₹0.06 crore in Q2 FY26.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 2.42 | 0.77 | +1.65 | +214.3% |
| Finance costs | 0.50 | 0.27 | +0.23 | +85.2% |
| Depreciation | 0.93 | 0.56 | +0.37 | +66.1% |
| Other expenses | 2.31 | 1.93 | +0.38 | +19.7% |
| Total expenses | 6.15 | 3.53 | +2.62 | +74.2% |
| Other income | 0.23 | 0.02 | +0.21 | +1050.0% |
| Tax | −0.04 | −0.06 | +0.02 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Aerpace Industries reported consolidated revenue of ₹0 crore, unchanged from H1 FY26. Total income rose to ₹0.48 crore from ₹0.16 crore, an increase of ₹0.32 crore or 200.0%.
The consolidated loss before tax widened to ₹10.14 crore in H1 FY27 from ₹5.35 crore in H1 FY26. The net loss increased to ₹10.04 crore from ₹5.22 crore, and basic EPS was ₹0.65 compared with ₹0.34.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −10.14 | −5.35 | |
| Net profit | −10.04 | −5.22 | |
| EPS (₹) | −0.65 | −0.34 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, Aerpace Industries reported total assets of ₹112.04 crore, compared with ₹83.85 crore at 31 March 2026. Total equity was ₹43.07 crore against ₹39.09 crore, while borrowings were ₹52.7 crore compared with ₹27.11 crore. Cash stood at ₹3.94 crore against ₹0.4 crore.
The company’s H1 FY27 operating cash flow was ₹24.39 crore negative, compared with ₹2.7 crore negative in H1 FY26. Investing cash flow was ₹7.02 crore negative against ₹3.83 crore negative, while financing cash flow was ₹34.96 crore compared with ₹6.43 crore. Capital expenditure was ₹1.86 crore, against ₹8.79 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 112.04 | 83.85 |
| Total equity | 43.07 | 39.09 |
| Borrowings | 52.70 | 27.11 |
| Cash and equivalents | 3.94 | 0.40 |
| Inventories | 1.40 | 0.48 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −24.39 | −2.70 |
| Cash from investing | −7.02 | −3.83 |
| Cash from financing | 34.96 | 6.43 |
| Capital expenditure | 1.86 | 8.79 |
Source: Company's results filing (XBRL).
How has Aerpace Industries done over the last 8 quarters?
Aerpace Industries’ consolidated net loss peaked at ₹8.93 crore in Q4 FY26 and was lowest at ₹1.77 crore in Q1 FY26. The loss then narrowed to ₹4.15 crore in Q1 FY27 before widening to ₹5.89 crore in Q2 FY27.
Revenue remained at ₹0 crore across the reported quarters, and no EBITDA margin figures were available for the trend. Profit was therefore lower in Q2 FY27 than in Q1 FY27, following the Q4 FY26 low in the reported loss series.
How did Aerpace Industries shares react?
After the filing, Aerpace Industries’ stock was down 0.5% after five minutes, down 0.6% after 15 minutes and up 0.3% after 30 minutes from the price when the filing appeared. On the reaction day, it fell 2.3% from the previous close of ₹35.34 to the close of the first session that could trade on the news.
By the next day’s close, the stock was up 1.6% from its pre-results close, and by the fifth day it was up 8.4%. The Iron & Steel Products sector’s median move was down 2.3% on the reaction day, down 4.2% by the next day and down 4.6% by five days. Aerpace’s excess performance was 0.1 percentage points on the reaction day, 5.7 percentage points by the next day and 13.0 percentage points by five days.
Earlier reaction-day moves were mixed: the stock rose 3.6% on 11 August 2026, fell 7.7% on 11 May 2026 and fell 5.2% on 12 February 2026. The largest earlier declines shown were 7.7% and 6.7%, while the largest earlier increase was 3.6%.
| After the filing | Stock | Iron & Steel Products median |
|---|---|---|
| 5 minutes | −0.5% | |
| 15 minutes | −0.6% | |
| 30 minutes | +0.3% | |
| Reaction day | −2.3% | −2.3% |
| Next day | +1.6% | −4.2% |
| 5 days | +8.4% | −4.6% |
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 | +3.6% |
| 11 May 2026 | −7.7% |
| 12 February 2026 | −5.2% |
| 12 November 2025 | −1.8% |
| 14 August 2025 | −6.7% |
| 14 May 2025 | +2.0% |
| 13 August 2024 | −2.0% |
| 14 May 2024 | +2.0% |
Source: MarketPing price-reaction measurement.
How did other Iron & Steel Products companies do?
Aerpace Industries was compared with 29 other Iron & Steel Products companies that had filed this quarter. Their median revenue growth was 23.9%. Of the 33 companies used for the profit comparison, 23 reported higher profit.
The peer data supplied does not specify how many of the other companies grew revenue slower or faster than Aerpace Industries, and it does not provide a median for the peer set’s profit growth beyond the count of companies with higher profit.
| Aerpace Industries revenue growth (YoY) | not comparable |
|---|---|
| Median of 29 other Iron & Steel Products companies | +23.9% |
| Companies whose net profit rose | 23 of 33 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Aerpace Industries' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (consolidated).
Did Aerpace Industries make a profit in Q2 FY27?
No. It reported a net loss of ₹5.89 crore, against a net loss of ₹3.45 crore in Q2 FY26.
What was Aerpace Industries' EPS in Q2 FY27?
Basic loss per share was ₹0.38, against a loss of ₹0.22 in Q2 FY26.
How did Aerpace Industries shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.3% from the previous close; the median Iron & Steel Products stock moved −2.3%.
When did Aerpace Industries announce its Q2 FY27 results?
On 19 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Financial Results (Consolidated And Standalone) Along With Limited Review Report For The Quarter Ended September 30, 2026. (BSE, 12 October 2026) · PDF
- Board Meeting Outcome for Unaudited Standalone And Consolidated Financials Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 19 October 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 19 October 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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