Bloom Industries Q2 FY27 results: net profit up 72.0% to ₹0.43 crore, revenue down 71.2%

How did Bloom Industries perform in Q2 FY27?

Bloom Industries reported standalone revenue of ₹2.47 crore for Q2 FY27, down ₹6.11 crore or 71.2% from ₹8.58 crore in Q2 FY26. Against Q1 FY27, revenue was lower by ₹0.88 crore, or 26.3%, from ₹3.35 crore. Total income stood at ₹3.26 crore, including other income of ₹0.79 crore.

EBITDA for the quarter was a loss of ₹0.16 crore, against ₹0.47 crore in Q2 FY26 and ₹0.44 crore in Q1 FY27, and the EBITDA margin was -6.6% compared with 5.4% and 13.2% respectively. Profit before tax was ₹0.45 crore, up 32.4% from ₹0.34 crore a year earlier and 60.7% from ₹0.28 crore in the previous quarter. Net profit was ₹0.43 crore against ₹0.25 crore a year earlier, with basic EPS of ₹0.65 versus ₹0.38 and ₹0.31. The results are standalone.

What changed in Bloom Industries' costs and profit?

Total expenses fell to ₹2.81 crore in Q2 FY27 from ₹8.24 crore in Q2 FY26, a decline of ₹5.43 crore or 65.9%, and were down ₹0.26 crore from ₹3.07 crore in Q1 FY27. Employee cost was ₹0.04 crore, down ₹0.01 crore or 20.0% year on year, while finance costs rose ₹0.05 crore or 41.7% to ₹0.17 crore. Depreciation was ₹0.01 crore, unchanged, and other expenses rose ₹0.01 crore or 8.3% to ₹0.13 crore.

Other income was ₹0.79 crore in Q2 FY27, against no other income in Q2 FY26 and Q1 FY27. Tax expense fell to ₹0.02 crore from ₹0.09 crore a year earlier, a decline of ₹0.07 crore or 77.8%, and from ₹0.07 crore in the previous quarter. There was no exceptional item in the quarter. The filing states the company operates in a single segment, Trading, and does not give a reason for the change in revenue or other income.

Profit before tax rose to ₹0.45 crore from ₹0.34 crore even as EBITDA turned to a loss, reflecting the higher other income and the lower tax expense alongside the fall in total expenses. The EBITDA margin moved by -12.0 percentage points year on year and -19.8 percentage points against the previous quarter, while the profit after tax margin was 17.6%, up 14.7 percentage points from the year-ago quarter.

How did the first half of FY27 go?

In the first half of FY27, Bloom Industries reported standalone revenue of ₹5.82 crore, down ₹8.3 crore or 58.8% from ₹14.12 crore in H1 FY26. Total income was ₹6.6 crore against ₹14.12 crore, a decline of ₹7.52 crore or 53.3%.

Profit before tax for the half year rose 40.4% to ₹0.73 crore from ₹0.52 crore, while profit after tax rose 64.1% to ₹0.64 crore from ₹0.39 crore. Basic EPS for H1 FY27 was ₹0.96, up from ₹0.58 in H1 FY26.

What do the balance sheet and cash flow show?

Total assets stood at ₹20.16 crore as on 30 September 2026, against ₹19.73 crore as on 31 March 2026. Total equity rose to ₹11.51 crore from ₹10.87 crore, while borrowings were lower at ₹5.1 crore from ₹5.22 crore. Cash and cash equivalents were ₹0.02 crore compared with ₹0.03 crore, and trade receivables rose to ₹7.38 crore from ₹4.77 crore.

For H1 FY27, operating cash flow was -₹0.18 crore, against ₹0.2 crore a year earlier. Investing cash flow was ₹0.52 crore compared with -₹0.0 crore in H1 FY26, financing cash flow was -₹0.35 crore against -₹0.2 crore, and capital expenditure was ₹0.01 crore against ₹0.0 crore.

How has Bloom Industries done over the last 8 quarters?

Revenue over the reported quarters peaked at ₹8.58 crore in Q2 FY26 and was at its lowest at ₹2.47 crore in Q2 FY27, following ₹3.35 crore in Q1 FY27. Profit after tax rose in each of the last three quarters on a year-on-year basis, reaching ₹0.43 crore in Q2 FY27 from ₹0.2 crore in Q1 FY27 and ₹0.25 crore in Q2 FY26.

The EBITDA margin was -6.6% in Q2 FY27, the lowest reading in the reported series, after 13.2% in Q1 FY27 and a peak of 5.9% in Q4 FY25. The direction now is a lower revenue base alongside higher reported profit after tax and a negative EBITDA margin.

What else did the company announce?

The Board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026 along with the independent auditor's review report at its meeting on 4 November 2026, which ran from 11:30 A.M. to 12:30 P.M. The results had been reviewed by the Audit Committee, and the statutory auditors expressed an unqualified opinion on the limited review.

At a separate board meeting on 4 November 2026, the company approved convening an extraordinary general meeting on 30 November 2026 to seek shareholder approval for material corporate actions, with remote e-voting from 27 November 2026 to 29 November 2026. The board also approved a security interest over the company's assets to secure the non-convertible debenture issue of Shivom Minerals Limited, covering a pledge of 09.40% of the equity shares of Shivom Minerals held by the company along with other properties and assets. The company said there would be no material adverse impact on its operational revenues and that the risk is limited to the value of the pledged asset.

How did Bloom Industries shares react?

Bloom Industries' shares were unchanged at 33.45 through the first 15 minutes, 30 minutes and the reaction day, measured from the previous close. The Iron & Steel Products industry median moved 1.6% over the same close, so the stock underperformed the sector by 1.6 percentage points on the reaction day. No move was recorded for the next day or the five-day window.

How did other Iron & Steel Products companies do?

Thirty-six Iron & Steel Products companies were compared for the quarter, with a median revenue growth of 18.4% as of 5 November 2026. Thirty-five peers grew faster than Bloom Industries and one grew slower. Of the 39 peers for which profit was compared, 24 reported higher profit.