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Artson Q2 FY27 results: net profit ₹2.01 crore vs ₹2.24 crore loss, revenue down 19.6%
Artson Ltd reported standalone results for Q2 FY27, with revenue of ₹38.68 crore and a net profit of ₹2.01 crore after a loss in the year-ago quarter. EBITDA was ₹4.99 crore at a margin of 12.9%, and basic EPS was ₹0.54. The results were filed with BSE on 16 October 2026.
Key points
- Revenue was ₹38.68 crore in Q2 FY27, down ₹9.44 crore or 19.6% from ₹48.12 crore in Q2 FY26.
- Net profit was ₹2.01 crore, against a net loss of ₹2.24 crore a year earlier, a difference of ₹4.25 crore.
- EBITDA rose to ₹4.99 crore from a loss of ₹0.04 crore, with the margin at 12.9% against -0.1%.
- Basic EPS was ₹0.54, compared with a loss of ₹0.61 per share in Q2 FY26.
- Total expenses fell to ₹36.17 crore from ₹51.20 crore, down ₹15.03 crore or 29.4%.
How did Artson perform in Q2 FY27?
Artson's standalone revenue for the July–September 2026 quarter was ₹38.68 crore, against ₹48.12 crore in Q2 FY26 and ₹26.13 crore in Q1 FY27. Total income was ₹38.89 crore, lower than ₹48.17 crore a year earlier and higher than ₹26.55 crore in the previous quarter.
EBITDA for the quarter was ₹4.99 crore at a margin of 12.9%, against a loss of ₹0.04 crore and a margin of -0.1% in Q2 FY26, and ₹1.18 crore at 4.5% in Q1 FY27. Profit before tax was ₹2.72 crore, against a loss of ₹3.04 crore a year earlier, and tax of ₹0.72 crore left a net profit of ₹2.01 crore. Basic EPS was ₹0.54, compared with a loss of ₹0.61 in Q2 FY26 and a loss of ₹0.11 in Q1 FY27. The figures reported here are standalone.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 38.68 | 26.13 | 48.12 | −19.6% | +48.0% |
| Other income | 0.21 | 0.41 | 0.04 | +425.0% | −48.8% |
| Total expenses | 36.17 | 27.32 | 51.20 | −29.4% | +32.4% |
| EBITDA | 4.99 | 1.18 | −0.04 | turned to profit | +322.9% |
| EBITDA margin | 12.9% | 4.5% | -0.1% | +13.0 pp | +8.4 pp |
| Profit before tax | 2.72 | −0.77 | −3.04 | turned to profit | turned to profit |
| Tax | 0.72 | −0.36 | −0.80 | ||
| Net profit | 2.01 | −0.41 | −2.24 | turned to profit | turned to profit |
| EPS (₹) | 0.54 | −0.11 | −0.61 | 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 Artson's costs and profit?
Total expenses fell to ₹36.17 crore in Q2 FY27 from ₹51.20 crore in Q2 FY26, a reduction of ₹15.03 crore or 29.4%. Other expenses were lower by ₹9.39 crore at ₹14.99 crore, finance costs were lower by ₹0.47 crore at ₹1.92 crore, employee cost was lower by ₹0.10 crore at ₹5.14 crore, and depreciation was lower by ₹0.09 crore at ₹0.57 crore. Cost of materials consumed was higher by ₹5.73 crore at ₹16.44 crore.
Other income rose to ₹0.21 crore from ₹0.04 crore, a difference of ₹0.17 crore, while tax moved to ₹0.72 crore from a credit of ₹0.80 crore, a difference of ₹1.52 crore. There was no exceptional item in the quarter. The company said it recognised revenue for a claim of Rs. 992 lakhs towards recovery of additional costs incurred on account of extension of time, execution of ground improvement works and other related works at the project site, and that management believes the amount recognised is recoverable.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 16.44 | 10.71 | +5.73 | +53.5% |
| Employee cost | 5.14 | 5.24 | −0.10 | −1.9% |
| Finance costs | 1.92 | 2.39 | −0.47 | −19.7% |
| Depreciation | 0.57 | 0.66 | −0.09 | −13.6% |
| Other expenses | 14.99 | 24.38 | −9.39 | −38.5% |
| Total expenses | 36.17 | 51.20 | −15.03 | −29.4% |
| Other income | 0.21 | 0.04 | +0.17 | +425.0% |
| Tax | 0.72 | −0.80 | +1.52 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Artson reported revenue of ₹64.81 crore against ₹92.87 crore in H1 FY26, a fall of ₹28.06 crore or 30.2%. Total income was ₹65.44 crore against ₹92.92 crore, down ₹27.48 crore or 29.6%.
Profit before tax for the half year was ₹1.95 crore, against a loss of ₹2.57 crore in H1 FY26, a difference of ₹4.52 crore. Net profit was ₹1.6 crore, against a net loss of ₹2.02 crore, a difference of ₹3.62 crore, and basic EPS was ₹0.43 against a loss of ₹0.55 per share.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 64.81 | 92.87 | −30.2% |
| Profit before tax | 1.95 | −2.57 | turned to profit |
| Net profit | 1.60 | −2.02 | turned to profit |
| EPS (₹) | 0.43 | −0.55 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹119.00 crore against ₹123.44 crore at 31 March 2026, and total equity was ₹2.24 crore against ₹0.39 crore. Borrowings were ₹53.19 crore against ₹53.35 crore, and cash was ₹0.00 crore at both dates, meaning there was no cash on either balance sheet.
Inventories rose to ₹18.60 crore from ₹15.16 crore, trade receivables to ₹35.38 crore from ₹33.86 crore, and trade payables fell to ₹39.86 crore from ₹48.23 crore. For the first half of FY27, operating cash flow was ₹3.78 crore against an outflow of ₹2.48 crore in H1 FY26, investing cash flow was ₹0.68 crore against ₹3.01 crore, financing cash flow was an outflow of ₹4.46 crore against an outflow of ₹5.52 crore, and capital expenditure was ₹0.13 crore against ₹4.50 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 119 | 123.44 |
| Total equity | 2.24 | 0.39 |
| Borrowings | 53.19 | 53.35 |
| Cash and equivalents | 0 | 0 |
| Inventories | 18.60 | 15.16 |
| Trade receivables | 35.38 | 33.86 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 3.78 | −2.48 |
| Cash from investing | 0.68 | 3.01 |
| Cash from financing | −4.46 | −5.52 |
| Capital expenditure | 0.13 | 4.50 |
Source: Company's results filing (XBRL).
How has Artson done over the last 8 quarters?
Artson's revenue over the last eight quarters moved between a low of ₹17.81 crore in Q3 FY25 and a high of ₹51.26 crore in Q4 FY25. In the latest quarter, revenue of ₹38.68 crore was higher than ₹26.13 crore in Q1 FY27 but lower than ₹38.75 crore in Q4 FY26.
Net profit over the same period ranged from a loss of ₹12.22 crore in Q3 FY26 to a profit of ₹6.38 crore in Q3 FY25. The company reported a net profit of ₹2.01 crore in Q2 FY27, after a loss of ₹0.41 crore in Q1 FY27.
The EBITDA margin bottomed at -44.9% in Q3 FY26 and peaked at 14.3% in Q4 FY26. It was 12.9% in Q2 FY27, higher than 4.5% in the previous quarter.
What else did the company announce?
In the same-day filing dated 16 October 2026, the board approved the unaudited financial results for the second quarter ended 30 September 2026 along with the statutory auditors' limited review report.
The board approved the appointment of M/s. Walker Chandiok & Co LLP as statutory auditors for 5 years from FY 2027-28, from the conclusion of the 48th AGM in 2027 to the conclusion of the 53rd AGM in 2032, subject to shareholder approval. The company said the existing auditors, M/s. Price Waterhouse & Co Chartered Accountants LLP, would complete their tenure at the 48th AGM.
The board also approved extending the maturity of the partly secured loan of ₹ 40.30 Crores taken from Tata Projects Limited from the existing 20 years, falling due in 2037, to 25 years, now due in 2042, subject to requisite approvals from Tata Projects Limited. No dividend or fund raise was announced in the filings.
How did Artson shares react?
The filing appeared after market hours. From the price when the filing was published, the stock was down 5.0% after 5 minutes and 15 minutes, and down 2.5% after 30 minutes. On the reaction day it closed up 0.7% from the previous close of ₹151.00.
| After the filing | Stock | Industrial Products median |
|---|---|---|
| 5 minutes | −5.0% | |
| 15 minutes | −5.0% | |
| 30 minutes | −2.5% | |
| Reaction day | +0.7% | −1.4% |
| Next day | −3.5% | −4.1% |
| 5 days | −7.0% | −5.4% |
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 |
|---|---|
| 15 July 2026 | −1.0% |
| 28 April 2026 | +2.3% |
| 13 January 2026 | +2.9% |
| 22 July 2025 | −2.7% |
| 24 April 2025 | −5.6% |
| 21 October 2024 | −5.0% |
| 17 July 2024 | −4.2% |
| 23 April 2024 | +3.5% |
Source: MarketPing price-reaction measurement.
How did other Industrial Products companies do?
Thirty-eight other Industrial Products companies that have filed for this quarter were compared, and their median revenue growth was 35.8%. Of these, 2 companies grew revenue slower than Artson and 36 grew faster.
Out of the 32 peers for which profit was compared, 23 reported higher profit.
| Artson revenue growth (YoY) | −19.6% |
|---|---|
| Median of 38 other Industrial Products companies | +35.8% |
| Companies with slower revenue growth than Artson | 2 of 38 |
| Companies with faster revenue growth than Artson | 36 of 38 |
| Companies whose net profit rose | 23 of 32 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Artson's revenue in Q2 FY27?
Revenue from operations was ₹38.68 crore, down 19.6% from ₹48.12 crore in Q2 FY26 (standalone).
Did Artson make a profit in Q2 FY27?
Yes. Net profit was ₹2.01 crore, against a net loss of ₹2.24 crore in Q2 FY26.
What was Artson's EPS in Q2 FY27?
Basic earnings per share were ₹0.54, against a loss of ₹0.61 in Q2 FY26.
How did Artson shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.7% from the previous close; the median Industrial Products stock moved −1.4%.
When did Artson announce its Q2 FY27 results?
On 16 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting (BSE, 8 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting & Un-Audited Financial Results For 2Nd Quarter Ended 30.09.2026 (BSE, 16 October 2026) · PDF
- UFR For The Second Quarter Ended 30Th September 2026 (BSE, 16 October 2026) · PDF
- Announcement General (BSE, 16 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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