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Blue Pearl Agriventures Q2 FY27 results: net profit up 3.6% to ₹0.29 crore, revenue down 13.1%
Blue Pearl Agriventures Limited reported standalone revenue of ₹10.81 crore for Q2 FY27, down 13.1% from ₹12.44 crore a year earlier. Net profit for the period was ₹0.29 crore against ₹0.28 crore in Q2 FY26, while EBITDA fell to ₹0.29 crore and the margin narrowed to 2.7% from 3.0%.
Key points
- Q2 FY27 revenue was ₹10.81 crore, down ₹1.63 crore or 13.1% from ₹12.44 crore in Q2 FY26.
- EBITDA was ₹0.29 crore in Q2 FY27 against ₹0.37 crore a year earlier, with the margin at 2.7% versus 3.0%.
- Net profit for the period was ₹0.29 crore, up ₹0.01 crore or 3.6% from ₹0.28 crore in Q2 FY26.
- H1 FY27 revenue was ₹21.48 crore, down 11.3% from ₹24.23 crore in H1 FY26, while profit for the period rose 5.6% to ₹0.57 crore.
- Total assets were ₹67.09 crore as at 30 September 2026 against ₹83.17 crore as at 31 March 2026, with borrowings of ₹4.56 crore.
How did Blue Pearl Agriventures perform in Q2 FY27?
Blue Pearl Agriventures reported standalone revenue of ₹10.81 crore for Q2 FY27, down ₹1.63 crore or 13.1% from ₹12.44 crore in Q2 FY26. Total income was ₹10.89 crore against ₹12.44 crore a year earlier, a decline of ₹1.55 crore or 12.5%. Against the previous quarter, revenue was higher by ₹0.15 crore or 1.4% from ₹10.66 crore in Q1 FY27, and total income rose ₹0.23 crore or 2.2%.
EBITDA for Q2 FY27 was ₹0.29 crore, down ₹0.08 crore or 21.6% from ₹0.37 crore in the year-ago quarter, and the EBITDA margin was 2.7% against 3.0%. Sequentially, EBITDA fell ₹0.06 crore or 17.1% from ₹0.35 crore in Q1 FY27 and the margin narrowed 0.6 percentage points from 3.3%.
Profit before tax was ₹0.36 crore, down ₹0.01 crore or 2.7% from ₹0.37 crore in Q2 FY26 but up ₹0.01 crore or 2.9% from ₹0.35 crore in Q1 FY27. Net profit for the period was ₹0.29 crore, up ₹0.01 crore or 3.6% from ₹0.28 crore a year earlier and also up ₹0.01 crore or 3.6% from the previous quarter. Basic EPS was unchanged at ₹0.00. The filing states the results are standalone; no consolidated figures were given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 10.81 | 10.66 | 12.44 | −13.1% | +1.4% |
| Other income | 0.07 | 0 | 0 | ||
| Total expenses | 10.53 | 10.31 | 12.07 | −12.8% | +2.1% |
| EBITDA | 0.29 | 0.35 | 0.37 | −21.6% | −17.1% |
| EBITDA margin | 2.7% | 3.3% | 3.0% | −0.3 pp | −0.6 pp |
| Profit before tax | 0.36 | 0.35 | 0.37 | −2.7% | +2.9% |
| Tax | 0.07 | 0.07 | 0.09 | −22.2% | +0.0% |
| Net profit | 0.29 | 0.28 | 0.28 | +3.6% | +3.6% |
| EPS (₹) | 0.00 | 0.00 | 0.00 |
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 Blue Pearl Agriventures' costs and profit?
Total expenses in Q2 FY27 were ₹10.53 crore, down ₹1.54 crore or 12.8% from ₹12.07 crore in Q2 FY26, but up ₹0.22 crore or 2.1% from ₹10.31 crore in Q1 FY27. Cost of materials consumed, finance costs and depreciation were unchanged at ₹0 crore against the year-ago quarter. Employee cost was lower by ₹0.03 crore, at ₹0 crore against ₹0.03 crore, and fell ₹0.01 crore from ₹0.01 crore in the previous quarter.
Other expenses rose ₹0.05 crore or 250.0% to ₹0.07 crore from ₹0.02 crore in Q2 FY26, against ₹0.13 crore in Q1 FY27, where they were lower by ₹0.06 crore or 46.2%. Other income was ₹0.07 crore, up ₹0.07 crore from a year earlier and also higher than the previous quarter. There was no exceptional item in either the year-ago or the previous quarter, and the filing does not state reasons for the changes in these lines.
Tax expense was ₹0.07 crore, down ₹0.02 crore or 22.2% from ₹0.09 crore in Q2 FY26 and unchanged from ₹0.07 crore in Q1 FY27. With total expenses lower and other income higher than a year earlier, profit before tax fell ₹0.01 crore to ₹0.36 crore, while net profit for the period rose ₹0.01 crore to ₹0.29 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0 | 0.03 | −0.03 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.07 | 0.02 | +0.05 | +250.0% |
| Total expenses | 10.53 | 12.07 | −1.54 | −12.8% |
| Other income | 0.07 | 0 | +0.07 | |
| Tax | 0.07 | 0.09 | −0.02 | −22.2% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue was ₹21.48 crore, down ₹2.75 crore or 11.3% from ₹24.23 crore in H1 FY26. Total income was ₹21.55 crore against ₹24.23 crore, a fall of ₹2.68 crore or 11.1%.
Profit before tax for the first half was ₹0.71 crore, down ₹0.01 crore or 1.4% from ₹0.72 crore in H1 FY26. Profit for the period was ₹0.57 crore, up ₹0.03 crore or 5.6% from ₹0.54 crore, and EPS was unchanged at ₹0.01.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 21.48 | 24.23 | −11.3% |
| Profit before tax | 0.71 | 0.72 | −1.4% |
| Net profit | 0.57 | 0.54 | +5.6% |
| EPS (₹) | 0.01 | 0.01 | +0.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets fell to ₹67.09 crore as at 30 September 2026 from ₹83.17 crore as at 31 March 2026. Total equity was ₹62.06 crore against ₹61.49 crore at the previous balance sheet date, while borrowings were ₹4.56 crore against ₹0.04 crore. Cash and cash equivalents stood at ₹1.74 crore compared with ₹0.33 crore, inventories were ₹10.25 crore against ₹9.29 crore, and trade receivables were ₹54.0 crore against ₹73.44 crore. Trade payables were ₹0 crore against ₹21.31 crore.
For H1 FY27, operating cash flow was ₹2.4 crore against an outflow of ₹0.04 crore in H1 FY26. Investing cash flow was an outflow of ₹1.0 crore compared with ₹0 crore a year earlier, while financing cash flow was ₹0 crore in both periods. Capital expenditure was ₹0 crore in each of the two halves.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 67.09 | 83.17 |
| Total equity | 62.06 | 61.49 |
| Borrowings | 4.56 | 0.04 |
| Cash and equivalents | 1.74 | 0.33 |
| Inventories | 10.25 | 9.29 |
| Trade receivables | 54 | 73.44 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 2.40 | −0.04 |
| Cash from investing | −1 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Blue Pearl Agriventures done over the last 8 quarters?
Revenue rose from ₹10.23 crore in Q3 FY25 to a peak of ₹13.58 crore in Q3 FY26, then declined to ₹12.19 crore in Q4 FY26 and ₹10.66 crore in Q1 FY27 before recovering to ₹10.81 crore in Q2 FY27. Profit for the period bottomed at a net loss of ₹0.34 crore in Q4 FY25 and has since remained positive, at ₹0.29 crore in Q2 FY27.
The EBITDA margin was lowest at -5.0% in Q4 FY25, when the company reported a net loss, and has stayed between 2.3% and 3.3% since then, reaching 3.3% in Q1 FY27 before easing to 2.7% in Q2 FY27. Net profit has risen year on year in each of the last two quarters, and the current quarter's ₹0.29 crore was up from ₹0.28 crore in Q2 FY26.
How did Blue Pearl Agriventures shares react?
Blue Pearl Agriventures filed the results after market hours on 13 October 2026. The stock was up 2.7% at 5, 15 and 30 minutes after the filing appeared, and by the close of the first session that could trade on the news it was up 5.2% from the previous close of ₹5.81. By the next day's close the stock was up 10.3% from its pre-results close, and by the close five sessions later it was up 33.4%.
The Commodity Chemicals industry median move was 0.3% on the reaction day, -0.2% by the next day's close and -6.2% by five sessions, while the Nifty Microcap 250 moved 0.7%, -1.0% and -5.5% over the same closes. The stock's excess move over the industry median was 4.9 percentage points on the reaction day, 10.5 percentage points by the next day's close and 39.6 percentage points by five sessions.
| After the filing | Stock | Commodity Chemicals median |
|---|---|---|
| 5 minutes | +2.7% | |
| 15 minutes | +2.7% | |
| 30 minutes | +2.7% | |
| Reaction day | +5.2% | +0.3% |
| Next day | +10.3% | −0.2% |
| 5 days | +33.4% | −6.2% |
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 |
|---|---|
| 1 July 2026 | +5.0% |
| 29 May 2026 | −5.0% |
| 5 February 2026 | −5.0% |
| 11 November 2025 | −5.0% |
| 7 August 2025 | +2.0% |
| 27 May 2025 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Commodity Chemicals companies do?
Fifteen other Commodity Chemicals companies have filed results for this quarter, with a median revenue growth of 19.1% as of 4 November 2026. Of these, one grew slower than Blue Pearl Agriventures and 14 grew faster. Among the 18 peers for which profit was compared, 13 reported higher profit.
| Blue Pearl Agriventures revenue growth (YoY) | −13.1% |
|---|---|
| Median of 15 other Commodity Chemicals companies | +19.1% |
| Companies with slower revenue growth than Blue Pearl Agriventures | 1 of 15 |
| Companies with faster revenue growth than Blue Pearl Agriventures | 14 of 15 |
| Companies whose net profit rose | 13 of 18 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Blue Pearl Agriventures' revenue in Q2 FY27?
Revenue from operations was ₹10.81 crore, down 13.1% from ₹12.44 crore in Q2 FY26 (standalone).
Did Blue Pearl Agriventures make a profit in Q2 FY27?
Yes. Net profit was ₹0.29 crore, against a net profit of ₹0.28 crore in Q2 FY26.
What was Blue Pearl Agriventures' EPS in Q2 FY27?
Basic earnings per share were ₹0.00, against ₹0.00 in Q2 FY26.
How did Blue Pearl Agriventures shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.2% from the previous close; the median Commodity Chemicals stock moved +0.3%.
When did Blue Pearl Agriventures announce its Q2 FY27 results?
On 13 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unundited Financial Result For The Quater Ended 30Th September, 2026 (BSE, 9 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting For Unaudited Financial Results For The Quater Ended 30Th September, 2026 (BSE, 13 October 2026) · PDF
- Unaudited Financial Results For The Quater And Half Year Ended 30Th September, 2026 (BSE, 13 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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