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B.a.g.convergence Q2 FY27 results: net profit up 1.8% to ₹6.14 crore, revenue up 3.9%
B.A.G. Convergence Limited reported standalone Q2 FY27 revenue of ₹22.72 crore, up 3.9% from ₹21.86 crore in Q2 FY26, while EBITDA fell 3.3% to ₹9.68 crore and margin declined to 42.6%. Net profit was ₹6.14 crore against ₹6.03 crore a year earlier, and basic EPS fell to ₹2.89 from ₹3.86.
Key points
- Revenue was ₹22.72 crore in Q2 FY26, up 3.9% from ₹21.86 crore in Q2 FY26.
- EBITDA was ₹9.68 crore, down 3.3% from ₹10.01 crore, with margin at 42.6% against 45.8%.
- Profit before tax fell 14.1% to ₹6.94 crore, while net profit rose 1.8% to ₹6.14 crore.
- Basic EPS declined 25.1% to ₹2.89 from ₹3.86 in Q2 FY26.
- Total assets were ₹113.21 crore on 30 September 2026, against ₹102.41 crore on 31 March 2026.
How did B.a.g.convergence perform in Q2 FY27?
B.A.G. Convergence Limited reported standalone revenue of ₹22.72 crore in Q2 FY27, up ₹0.86 crore or 3.9% from ₹21.86 crore in Q2 FY26. EBITDA was ₹9.68 crore, down ₹0.33 crore or 3.3%, while the EBITDA margin declined by 3.2 percentage points to 42.6% from 45.8%.
Profit before tax was ₹6.94 crore, down ₹1.14 crore or 14.1% from ₹8.08 crore, while net profit rose ₹0.11 crore or 1.8% to ₹6.14 crore from ₹6.03 crore. Basic EPS fell ₹0.97 or 25.1% to ₹2.89 from ₹3.86. The filing presents half-year results and does not give separate previous-quarter figures.
The filing also shows total revenue of ₹23.41 crore for H1 FY27, including other income of ₹0.70 crore, compared with total revenue of ₹22.03 crore for H1 FY26. The available figures are standalone, and the filing does not provide separate consolidated results.
| ₹ crore | Q2 FY27 | Q2 FY26 | YoY |
|---|---|---|---|
| Revenue from operations | 22.72 | 21.86 | +3.9% |
| Other income | 0.70 | 0.17 | +311.8% |
| Total expenses | 16.47 | 13.96 | +18.0% |
| EBITDA | 9.68 | 10.01 | −3.3% |
| EBITDA margin | 42.6% | 45.8% | −3.2 pp |
| Profit before tax | 6.94 | 8.08 | −14.1% |
| Tax | 0.80 | 2.05 | −61.0% |
| Net profit | 6.14 | 6.03 | +1.8% |
| EPS (₹) | 2.89 | 3.86 | −25.1% |
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 B.a.g.convergence's costs and profit?
Total expenses increased ₹2.51 crore or 18.0% to ₹16.47 crore from ₹13.96 crore in Q2 FY26. Employee cost rose ₹1.53 crore or 56.2% to ₹4.25 crore, depreciation and amortisation increased ₹1.15 crore or 78.2% to ₹2.62 crore, and other expenses rose ₹4.45 crore or 48.7% to ₹13.59 crore.
Finance costs increased ₹0.19 crore or 30.2% to ₹0.82 crore from ₹0.63 crore, while other income rose ₹0.53 crore to ₹0.70 crore from ₹0.17 crore. Cost of materials remained unchanged at ₹0 crore, and there was no exceptional item in either quarter.
Tax expense fell ₹1.25 crore or 61.0% to ₹0.80 crore from ₹2.05 crore. The filing does not state reasons for the changes in costs, other income or tax; the reported figures show the effect of higher expenses and lower tax on profit.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 4.25 | 2.72 | +1.53 | +56.2% |
| Finance costs | 0.82 | 0.63 | +0.19 | +30.2% |
| Depreciation | 2.62 | 1.47 | +1.15 | +78.2% |
| Other expenses | 13.59 | 9.14 | +4.45 | +48.7% |
| Total expenses | 16.47 | 13.96 | +2.51 | +18.0% |
| Other income | 0.70 | 0.17 | +0.53 | +311.8% |
| Tax | 0.80 | 2.05 | −1.25 | −61.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹113.21 crore on 30 September 2026 from ₹102.41 crore on 31 March 2026. Total equity was ₹83.08 crore against ₹76.93 crore, while borrowings remained at ₹0 crore and cash and cash equivalents were ₹0.03 crore against ₹0.02 crore. Inventories rose to ₹11.68 crore from ₹6.87 crore, trade receivables to ₹17.97 crore from ₹15.59 crore, and trade payables to ₹1.99 crore from ₹1.11 crore.
For H1 FY27, net cash used in operating activities was ₹23.53 crore, compared with cash generated of ₹2.92 crore in H1 FY26. Net cash used in investing activities was ₹1.07 crore against ₹3.51 crore, while financing cash flow was negative ₹0.05 crore against positive ₹16.40 crore. Capital expenditure was ₹1.76 crore, compared with ₹3.68 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 113.21 | 102.41 |
| Total equity | 83.08 | 76.93 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.03 | 0.02 |
| Inventories | 11.68 | 6.87 |
| Trade receivables | 17.97 | 15.59 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −23.53 | 2.92 |
| Cash from investing | −1.07 | −3.51 |
| Cash from financing | −0.05 | 16.40 |
| Capital expenditure | 1.76 | 3.68 |
Source: Company's results filing (XBRL).
Quick answers
What was B.a.g.convergence's revenue in Q2 FY27?
Revenue from operations was ₹22.72 crore, up 3.9% from ₹21.86 crore in Q2 FY26 (standalone).
Did B.a.g.convergence make a profit in Q2 FY27?
Yes. Net profit was ₹6.14 crore, against a net profit of ₹6.03 crore in Q2 FY26.
What was B.a.g.convergence's EPS in Q2 FY27?
Basic earnings per share were ₹2.89, against ₹3.86 in Q2 FY26.
When did B.a.g.convergence announce its Q2 FY27 results?
On 3 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 3 November 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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