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Alfa Transformers Q2 FY27 results: net profit ₹2.18 crore vs ₹0.58 crore loss
Alfa Transformers Ltd reported standalone Q2 FY27 revenue of ₹22.49 crore and a net profit of ₹2.18 crore for the September 2026 quarter. Revenue rose 291.1% from Q2 FY26, while basic EPS moved from a loss of ₹0.63 to EPS of ₹2.93.
Key points
- Revenue was ₹22.49 crore in Q2 FY27, up 291.1% from ₹5.75 crore in Q2 FY26 and 305.2% from ₹5.55 crore in Q1 FY27.
- EBITDA was ₹2.92 crore at a 13.0% margin, compared with ₹0.01 crore and a 0.1% margin in Q2 FY26.
- The company reported a net profit of ₹2.18 crore in Q2 FY27 against a net loss of ₹0.58 crore in Q2 FY26.
- Basic EPS was ₹2.93 in Q2 FY27, compared with a loss of ₹0.63 in Q2 FY26 and a loss of ₹0.72 in Q1 FY27.
- H1 FY27 revenue was ₹28.04 crore and net profit was ₹1.50 crore, against revenue of ₹10.62 crore and a net loss of ₹0.98 crore in H1 FY26.
How did Alfa Transformers perform in Q2 FY27?
Alfa Transformers reported standalone revenue of ₹22.49 crore in Q2 FY27, up 291.1% from ₹5.75 crore in Q2 FY26 and 305.2% from ₹5.55 crore in Q1 FY27. Total income was ₹22.58 crore, against ₹5.80 crore a year earlier and ₹5.58 crore in the previous quarter. These were standalone figures; no consolidated figures were provided.
EBITDA rose to ₹2.92 crore from ₹0.01 crore in Q2 FY26 and ₹0.03 crore in Q1 FY27, with the margin increasing to 13.0% from 0.1% and 0.5%, respectively. Profit before tax was ₹2.18 crore against a loss of ₹0.66 crore in Q2 FY26 and a loss of ₹0.67 crore in Q1 FY27.
The company reported a net profit of ₹2.18 crore for Q2 FY27, against a net loss of ₹0.58 crore in the year-ago quarter and a net loss of ₹0.66 crore in the previous quarter. Basic EPS was ₹2.93, compared with a loss of ₹0.63 in Q2 FY26 and a loss of ₹0.72 in Q1 FY27. The quarter’s profit margin was 9.7%, compared with a loss margin of 10.1% a year earlier.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 22.49 | 5.55 | 5.75 | +291.1% | +305.2% |
| Other income | 0.09 | 0.03 | 0.05 | +80.0% | +200.0% |
| Total expenses | 20.40 | 6.26 | 6.46 | +215.8% | +225.9% |
| EBITDA | 2.92 | 0.03 | 0.01 | +29100.0% | +9633.3% |
| EBITDA margin | 13.0% | 0.5% | 0.1% | +12.9 pp | +12.5 pp |
| Profit before tax | 2.18 | −0.67 | −0.66 | turned to profit | turned to profit |
| Tax | 0.50 | 0 | −0.08 | ||
| Net profit | 2.18 | −0.66 | −0.58 | turned to profit | turned to profit |
| EPS (₹) | 2.93 | −0.72 | −0.63 | turned to profit | turned to profit |
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 Alfa Transformers' costs and profit?
Total expenses rose ₹13.94 crore year on year to ₹20.40 crore, with cost of materials increasing ₹10.11 crore to ₹14.68 crore. Other expenses were higher by ₹0.41 crore at ₹1.21 crore, while employee cost rose ₹0.15 crore to ₹1.09 crore and finance costs increased ₹0.14 crore to ₹0.58 crore. Depreciation fell ₹0.03 crore to ₹0.25 crore.
Other income increased ₹0.04 crore from ₹5 crore to ₹9 crore for the quarter, while total income rose ₹16.78 crore to ₹22.58 crore. The reported figures show revenue rising faster than total expenses, while the company reported no exceptional item. No consolidated figures were provided for the quarter.
Tax was ₹0.50 crore in Q2 FY27, compared with ₹0.08 crore in Q2 FY26, an increase of ₹0.58 crore. Profit before tax moved to ₹2.18 crore from a loss of ₹0.66 crore, and the net result moved to a profit of ₹2.18 crore from a net loss of ₹0.58 crore. The filing did not state why the year-on-year movements occurred.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 14.68 | 4.57 | +10.11 | +221.2% |
| Employee cost | 1.09 | 0.94 | +0.15 | +16.0% |
| Finance costs | 0.58 | 0.44 | +0.14 | +31.8% |
| Depreciation | 0.25 | 0.28 | −0.03 | −10.7% |
| Other expenses | 1.21 | 0.80 | +0.41 | +51.2% |
| Total expenses | 20.40 | 6.46 | +13.94 | +215.8% |
| Other income | 0.09 | 0.05 | +0.04 | +80.0% |
| Tax | 0.50 | −0.08 | +0.58 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Alfa Transformers reported standalone revenue of ₹28.04 crore, up 164.0% from ₹10.62 crore in H1 FY26. Total income was ₹28.16 crore, compared with ₹10.78 crore, while profit before tax moved to ₹1.50 crore from a loss of ₹1.19 crore.
The company reported a net profit of ₹1.50 crore in H1 FY27 against a net loss of ₹0.98 crore in H1 FY26. Basic EPS was ₹2.21, compared with a loss of ₹1.07. The results remained on a standalone basis.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 28.04 | 10.62 | +164.0% |
| Profit before tax | 1.50 | −1.19 | turned to profit |
| Net profit | 1.50 | −0.98 | turned to profit |
| EPS (₹) | 2.21 | −1.07 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹47.53 crore, compared with ₹41.61 crore at 31 March 2026, while total equity was ₹23.46 crore against ₹21.45 crore. Borrowings increased to ₹13.85 crore from ₹11.65 crore, and inventories rose to ₹9.84 crore from ₹8.49 crore.
Trade receivables increased to ₹9.66 crore from ₹5.89 crore and trade payables to ₹6.50 crore from ₹5.88 crore. Cash was ₹0.02 crore at 30 September 2026, compared with no cash at 31 March 2026. H1 FY27 operating cash flow was negative ₹0.95 crore, against positive ₹0.11 crore in H1 FY26.
Investing cash flow was negative ₹0.25 crore in H1 FY27, compared with negative ₹0.46 crore a year earlier, while financing cash flow was positive ₹1.23 crore against positive ₹0.35 crore. Capital expenditure was ₹0.00 crore in H1 FY27, compared with ₹0.54 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 47.53 | 41.61 |
| Total equity | 23.46 | 21.45 |
| Borrowings | 13.85 | 11.65 |
| Cash and equivalents | 0.02 | 0 |
| Inventories | 9.84 | 8.49 |
| Trade receivables | 9.66 | 5.89 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.95 | 0.11 |
| Cash from investing | −0.25 | −0.46 |
| Cash from financing | 1.23 | 0.35 |
| Capital expenditure | 0 | 0.54 |
Source: Company's results filing (XBRL).
How has Alfa Transformers done over the last 8 quarters?
Revenue over the last eight quarters bottomed at ₹4.87 crore in Q1 FY26 and reached ₹22.49 crore in Q2 FY27. Net profit was at its low of negative ₹0.66 crore in Q1 FY27 before moving to ₹2.18 crore in the latest quarter, while EBITDA margin rose from 0.5% to 13.0%.
Across the earlier quarterly sequence, revenue reached ₹12.50 crore in Q3 FY25 and the EBITDA margin reached 10.9% in Q3 FY26. The margin then fell to negative 16.6% in Q4 FY26 before recovering in the latest two quarters. Revenue rose year on year in each of the last two quarters.
How did Alfa Transformers shares react?
The filing appeared after market hours. There was no price movement in the first 5, 15 or 30 minutes, while the stock closed 16.8% higher on the reaction day from its pre-results close of ₹33.90. By the next day's close it was up 40.2% from that close, and by the fifth session it was up 49.7%.
| After the filing | Stock | Other Electrical Equipment median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | +16.8% | −0.2% |
| Next day | +40.2% | +0.3% |
| 5 days | +49.7% | +2.3% |
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 |
|---|---|
| 13 August 2026 | −7.1% |
| 30 May 2026 | −2.0% |
| 31 January 2026 | +35.4% |
| 14 November 2025 | −5.9% |
| 2 July 2025 | −1.8% |
| 27 May 2025 | −1.5% |
| 14 August 2024 | −2.0% |
| 27 May 2024 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Other Electrical Equipment companies do?
Eighteen Other Electrical Equipment companies that filed for the quarter had a median revenue growth of 40.1%. Seventeen peers grew more slowly than Alfa Transformers, while one grew faster. Among the 16 peers for which profit was compared, 10 reported higher profit.
| Alfa Transformers revenue growth (YoY) | +291.1% |
|---|---|
| Median of 18 other Other Electrical Equipment companies | +40.1% |
| Companies with slower revenue growth than Alfa Transformers | 17 of 18 |
| Companies with faster revenue growth than Alfa Transformers | 1 of 18 |
| Companies whose net profit rose | 10 of 16 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Alfa Transformers' revenue in Q2 FY27?
Revenue from operations was ₹22.49 crore, up 291.1% from ₹5.75 crore in Q2 FY26 (standalone).
Did Alfa Transformers make a profit in Q2 FY27?
Yes. Net profit was ₹2.18 crore, against a net loss of ₹0.58 crore in Q2 FY26.
What was Alfa Transformers' EPS in Q2 FY27?
Basic earnings per share were ₹2.93, against a loss of ₹0.63 in Q2 FY26.
How did Alfa Transformers shares react to the Q2 FY27 results?
On the reaction day the stock moved +16.8% from the previous close; the median Other Electrical Equipment stock moved −0.2%.
When did Alfa Transformers announce its Q2 FY27 results?
On 27 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting Intimation For Unaudited Standalone Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 15 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 27 October 2026) · PDF
- Unaudited Financial Statement For The Quarter And Half Year Ended 30Th September,2026 (BSE, 27 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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