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Banas Finance Q2 FY27 results: net profit down 77.0% to ₹2.53 crore, revenue down 67.6%
Banas Finance Ltd reported consolidated revenue of ₹6.16 crore and a net profit of ₹2.53 crore in Q2 FY27. Revenue rose from Q1 FY27 but fell from Q2 FY26, while basic EPS declined to ₹0.49 from ₹0.55 in the previous quarter and ₹1.22 a year earlier.
Key points
- Consolidated revenue was ₹6.16 crore in Q2 FY27, down 67.6% from ₹18.99 crore in Q2 FY26 and up 106.0% from ₹2.99 crore in Q1 FY27.
- Net profit was ₹2.53 crore, down 77.0% from ₹10.99 crore a year earlier and down 49.1% from ₹4.97 crore in the previous quarter.
- Basic EPS was ₹0.49, compared with ₹1.22 in Q2 FY26 and ₹0.55 in Q1 FY27.
- In H1 FY27, revenue was ₹9.15 crore and net profit was ₹5.40 crore, with basic EPS of ₹3.77.
- Total assets rose to ₹172.60 crore and cash increased to ₹10.19 crore as of 30 September 2026, while borrowings were not reported.
How did Banas Finance perform in Q2 FY27?
Banas Finance reported consolidated revenue of ₹6.16 crore for Q2 FY27, compared with ₹18.99 crore in Q2 FY26 and ₹2.99 crore in Q1 FY27. Revenue fell 67.6% year on year but rose 106.0% from the previous quarter. Total income was ₹6.25 crore, down from ₹19.27 crore a year earlier and up from ₹2.99 crore in Q1 FY27.
Profit before tax was ₹2.53 crore, down ₹6.90 crore or 73.2% from Q2 FY26 and ₹0.34 crore or 11.8% from Q1 FY27. Following tax of ₹0 crore, the company reported a net profit of ₹2.53 crore against ₹10.99 crore and ₹4.97 crore, respectively. Basic EPS was ₹0.49 versus ₹1.22 and ₹0.55. EBITDA and EBITDA margin were not reported.
On a standalone basis, revenue was ₹6.16 crore and net profit was ₹2.53 crore. Standalone profit before tax was ₹9.33 crore, compared with ₹2.53 crore on the consolidated basis. The board approved the unaudited standalone and consolidated results for the quarter ended 30 September 2026 on 5 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6.16 | 2.99 | 18.99 | −67.6% | +106.0% |
| Other income | 0.09 | 0 | 0.29 | −69.0% | |
| Total expenses | 3.72 | 0.13 | 9.84 | −62.2% | +2761.5% |
| Profit before tax | 2.53 | 2.87 | 9.43 | −73.2% | −11.8% |
| Tax | 0 | 0 | 0.10 | ||
| Net profit | 2.53 | 4.97 | 10.99 | −77.0% | −49.1% |
| EPS (₹) | 0.49 | 0.55 | 1.22 | −59.8% | −10.9% |
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 Banas Finance's costs and profit?
Total expenses fell ₹6.12 crore or 62.2% to ₹3.72 crore from ₹9.84 crore in Q2 FY26, but rose ₹3.59 crore from ₹0.13 crore in Q1 FY27. Employee cost increased ₹0.05 crore or 7.0% year on year to ₹0.76 crore and was ₹0.08 crore higher than in Q1 FY27. Finance costs and depreciation were unchanged at ₹0 crore in both comparison periods.
Other income declined ₹0.20 crore or 69.0% to ₹0.09 crore from ₹0.29 crore in Q2 FY26, while it was ₹0.09 crore higher than Q1 FY27. Other expenses were ₹0.92 crore against ₹1.25 crore a year earlier and ₹0.99 crore in the previous quarter. There was no exceptional item in either reported quarter.
Tax was ₹0.10 crore lower year on year at ₹0 crore and unchanged from Q1 FY27. The consolidated profit margin fell from 57.9% in Q2 FY26 to 41.1% in Q2 FY27, a decline of 16.8 percentage points. The filings do not state a reason for the changes in revenue, expenses or profit.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.76 | 0.71 | +0.05 | +7.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | −0.92 | −1.25 | +0.33 | |
| Total expenses | 3.72 | 9.84 | −6.12 | −62.2% |
| Other income | 0.09 | 0.29 | −0.20 | −69.0% |
| Tax | 0 | 0.10 | −0.10 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, consolidated revenue was ₹9.15 crore, down ₹29.33 crore or 76.2% from ₹38.48 crore in H1 FY26. Total income fell ₹29.65 crore or 76.2% to ₹9.25 crore from ₹38.90 crore, while profit before tax declined ₹13.59 crore or 71.6% to ₹5.40 crore from ₹18.99 crore.
Net profit for the first half was ₹5.40 crore, down ₹16.22 crore or 75.0% from ₹21.62 crore in H1 FY26. Basic EPS increased ₹1.36 or 56.4% to ₹3.77 from ₹2.41, despite the fall in net profit.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 9.15 | 38.48 | −76.2% |
| Profit before tax | 5.40 | 18.99 | −71.6% |
| Net profit | 5.40 | 21.62 | −75.0% |
| EPS (₹) | 3.77 | 2.41 | +56.4% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹172.60 crore, compared with ₹138.07 crore as of 31 March 2026. Total equity was ₹171.78 crore against ₹137.43 crore, and cash increased to ₹10.19 crore from ₹2.55 crore. Borrowings were not reported for either balance-sheet date.
In H1 FY27, operating cash flow was ₹2.04 crore, compared with negative ₹2.57 crore in H1 FY26. Investing cash flow was ₹5.60 crore against negative ₹0.31 crore, while financing cash flow was negative ₹0.00 crore compared with negative ₹0.01 crore. Capital expenditure was ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 172.60 | 138.07 |
| Total equity | 171.78 | 137.43 |
| Cash and equivalents | 10.19 | 2.55 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 2.04 | −2.57 |
| Cash from investing | 5.60 | −0.31 |
| Cash from financing | 0 | −0.01 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Banas Finance done over the last 8 quarters?
Revenue and profit were volatile over the reported period. Revenue was highest at ₹30.57 crore in Q3 FY25 and lowest at ₹2.99 crore in Q1 FY27, before rising to ₹6.16 crore in Q2 FY27. Profit was highest at ₹10.99 crore in Q2 FY26 and bottomed at a net loss of ₹40.42 crore in Q3 FY26.
The latest quarter therefore extended the recovery in revenue from Q1 FY27, while net profit declined from ₹4.97 crore to ₹2.53 crore. EBITDA margin figures were not reported for the quarterly trend, so the margin’s peak, trough and current direction could not be assessed from the available data.
Which businesses drove the quarter?
Income from the Finance Business was ₹6.16 crore in Q2 FY27, down 67.6% from ₹18.99 crore in Q2 FY26. Segment EBIT was ₹2.44 crore, compared with ₹9.15 crore a year earlier, and the reported EBIT margin was 39.6%.
Other Operating Income was ₹0.09 crore, down 67.4% from ₹0.29 crore in Q2 FY26, while segment EBIT was ₹0 crore in both periods. Commodity Trading reported no revenue and no EBIT in either quarter.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| (a) Income from CommodityTrading Business | 0 | 0 | ||
| (b) Income From Finance Business | 6.16 | −67.6% | 2.44 | 39.6% |
| (c) Other Operating Income | 0.09 | −67.4% | 0 | 0.0% |
Source: Company's results filing (XBRL segment data).
How did other Investment Company companies do?
Among 24 other Investment Company companies that filed for the quarter, the median revenue growth was 25.8%. One peer grew slower than Banas Finance and 23 peers grew faster than the company, whose revenue declined 67.6% year on year.
Profit was compared for 29 peers, of which 22 reported higher profit. The peer figures were available as of 6 November 2026.
| Banas Finance revenue growth (YoY) | −67.6% |
|---|---|
| Median of 24 other Investment Company companies | +25.8% |
| Companies with slower revenue growth than Banas Finance | 1 of 24 |
| Companies with faster revenue growth than Banas Finance | 23 of 24 |
| Companies whose net profit rose | 22 of 29 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Banas Finance's revenue in Q2 FY27?
Revenue from operations was ₹6.16 crore, down 67.6% from ₹18.99 crore in Q2 FY26 (consolidated).
Did Banas Finance make a profit in Q2 FY27?
Yes. Net profit was ₹2.53 crore, against a net profit of ₹10.99 crore in Q2 FY26.
What was Banas Finance's EPS in Q2 FY27?
Basic earnings per share were ₹0.49, against ₹1.22 in Q2 FY26.
When did Banas Finance announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Quarterly Financials Results For Quarter And Half Year Ended 30/09/2026 (BSE, 1 November 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome (BSE, 5 November 2026) · PDF
- Financial Result For The Second Quarter Ended On 30.09.2026 (BSE, 5 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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