Ausom Enterprise Q2 FY27 results: net profit up 105.0% to ₹3.71 crore, revenue ₹848.84 crore vs ₹119.10 crore

How did Ausom Enterprise perform in Q2 FY27?

On a consolidated basis, Ausom Enterprise reported Q2 FY27 revenue of ₹848.84 crore, against ₹119.10 crore in Q2 FY26 and ₹2,784 crore in Q1 FY27. Total income was ₹850.27 crore, compared with ₹120.74 crore a year earlier and ₹2,785.71 crore in the previous quarter. The results were released after market hours on 4 November 2026.

EBITDA was ₹0.92 crore, with a 0.1% margin, versus ₹0.14 crore and a -0.1% margin in Q2 FY26 and ₹26.94 crore and a 1.0% margin in Q1 FY27. Profit before tax fell to ₹0.80 crore from ₹1.45 crore a year earlier and ₹28.54 crore in the previous quarter. Net profit was ₹3.71 crore and basic EPS was ₹2.72, against ₹1.81 crore and ₹1.33 in Q2 FY26.

On a standalone basis, revenue was ₹493.49 crore and profit after tax was ₹1.18 crore, compared with ₹0.51 crore of profit after tax in the year-ago quarter. Standalone revenue rose 314.3% from the preceding quarter.

What changed in Ausom Enterprise's costs and profit?

Total expenses rose 612.2% to ₹849.47 crore in Q2 FY26 comparison, with cost of materials up ₹312.01 crore to ₹320.02 crore. Employee cost increased ₹0.47 crore to ₹0.55 crore, finance costs rose ₹1.16 crore to ₹1.16 crore, and depreciation increased ₹0.35 crore to ₹0.40 crore. Other expenses were ₹1.46 crore, up ₹1.27 crore, while other income fell ₹0.19 crore to ₹1.44 crore.

Against Q1 FY27, total expenses fell 69.2% to ₹849.47 crore and cost of materials declined ₹2,185 crore to ₹320.02 crore. Other expenses fell ₹3.31 crore to ₹1.46 crore, employee cost decreased ₹0.03 crore to ₹0.55 crore, and other income fell ₹0.54 crore to ₹1.44 crore. Finance costs rose ₹1.14 crore to ₹1.16 crore.

There was no exceptional item in Q2 FY27. Tax was ₹0.07 crore, down ₹1.21 crore from Q2 FY26 and ₹9.86 crore from Q1 FY27. The filing does not state why revenue, costs or the tax movement changed.

How did the first half of FY27 go?

In the first half of FY27, consolidated revenue was ₹3,632.57 crore, up ₹3,042.42 crore or 515.5% from H1 FY26. Total income rose 512.5% to ₹3,635.99 crore, while profit before tax increased 87.2% to ₹29.33 crore. Net profit rose 43.7% to ₹23.84 crore from ₹16.59 crore, and EPS increased to ₹17.50 from ₹12.18.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹228.50 crore, against ₹198.31 crore at 31 March 2026, while total equity rose to ₹183.67 crore from ₹161.17 crore. Borrowings increased to ₹16.14 crore from ₹0.38 crore and cash to ₹10.32 crore from ₹0.65 crore. Inventories were ₹20.07 crore, trade receivables ₹31.99 crore and trade payables ₹7.22 crore.

H1 FY27 operating cash flow was negative ₹18.39 crore, compared with negative ₹12.31 crore in H1 FY26. Investing cash flow was ₹12.96 crore against ₹7.98 crore, financing cash flow was ₹15.28 crore against negative ₹1.37 crore, and capital expenditure was ₹6.94 crore against ₹0.00 crore.

How has Ausom Enterprise done over the last 8 quarters?

Revenue reached its highest level in the reported series in Q1 FY27 at ₹2,783.73 crore, compared with ₹848.84 crore in Q2 FY27. The latest quarter was below the ₹1,440.43 crore recorded in Q4 FY26 but above ₹54.34 crore in Q3 FY26. Revenue rose year on year in each of the last two quarters.

Net profit peaked at ₹20.13 crore in Q1 FY27 and was ₹3.71 crore in Q2 FY27, compared with ₹1.81 crore in Q2 FY26. The EBITDA margin reached 2.6% in Q1 FY26, fell to -0.1% in Q2 FY26, and was 1.0% in Q1 FY27 before easing to 0.1% in the latest quarter.

Which businesses drove the quarter?

Bullion was the largest reported segment in Q2 FY27, with revenue of ₹527.96 crore and EBIT of ₹9.02 crore, representing a 1.7% EBIT margin. Refining reported revenue of ₹328.06 crore and EBIT of ₹1.79 crore, with a 0.5% EBIT margin.

Shares and Securities and derivatives reported negative revenue of ₹7.19 crore and EBIT of negative ₹7.89 crore. The Power segment reported no revenue and no EBIT. The filing did not provide year-ago segment revenue or EBIT figures for a growth comparison.

What did the auditors point out?

The limited review report for the standalone results states that the review was conducted under Standard on Review Engagement 2410 and was substantially less in scope than an audit, so the reviewers did not express an audit opinion. They said nothing had come to their attention indicating that the statement failed to disclose information required under Regulation 33 or contained a material misstatement.

The consolidated results carried a qualification. The excerpt says the Group’s share of profit or loss and total comprehensive income or loss from joint venture Bsafal KZ Estate LLP for the quarter and half year ended 30 September 2026 was not recognised, resulting in a departure from the equity method under paragraph 10 of Ind AS 28. The auditors said this may result in overstatement or understatement of consolidated profit and the carrying value of the joint-venture investment, with the amount unascertained.

How did Ausom Enterprise shares react?

After the filing appeared, the stock was down 1.7% after 5 minutes, down 1.4% after 15 minutes and down 1.4% after 30 minutes. It closed the reaction day up 4.0% from the previous close of ₹140.16, with a base price of ₹145.00. No next-day, five-day or industry-median comparison was provided.

Earlier reaction-day moves were mixed: the stock rose 4.2% on 12 August 2026, fell 8.2% on 29 May 2026, was unchanged on 12 February 2026 and fell 0.5% on 11 November 2025. The moves also included rises of 4.9% and 5.0% in August and May 2025.