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BTRFLY Gandhi Appl Q2 FY27 results: net profit up 18.7% to ₹20.18 crore, revenue up 13.1%
Butterfly Gandhimathi Appliances Limited reported standalone revenue of ₹331.47 crore and net profit of ₹20.18 crore for Q2 FY27. Revenue rose 13.1% from Q2 FY26, while net profit rose 18.7%; EBITDA margin remained at 9.5%.
Key points
- Standalone Q2 FY27 revenue was ₹331.47 crore, up 13.1% from ₹292.99 crore in Q2 FY26.
- Net profit was ₹20.18 crore, up 18.7% from ₹17 crore, and basic EPS was ₹11.29 against ₹9.51.
- EBITDA was ₹31.50 crore, up 13.4% from ₹27.79 crore, while EBITDA margin was 9.5% in both quarters.
- H1 FY27 revenue was ₹545.34 crore, up 13.5%, and net profit was ₹29.07 crore, up 24.1%.
- The stock closed 7.8% higher on the reaction day and was up 6.7% from its pre-results close by the next day's close.
How did BTRFLY Gandhi Appl perform in Q2 FY27?
Butterfly Gandhimathi Appliances Limited reported standalone revenue of ₹331.47 crore for Q2 FY27, up 13.1% from ₹292.99 crore in Q2 FY26 and 55.0% from ₹213.87 crore in Q1 FY27. Total income was ₹334.08 crore, up 13.5% year on year and 53.9% sequentially.
EBITDA was ₹31.50 crore, compared with ₹27.79 crore in Q2 FY26 and ₹15.03 crore in Q1 FY27. EBITDA margin was 9.5%, unchanged from Q2 FY26 but up 2.5 percentage points from Q1 FY27. Profit before tax was ₹26.93 crore, while net profit was ₹20.18 crore and basic EPS was ₹11.29.
Against Q2 FY26, profit before tax rose 18.5% from ₹22.72 crore, net profit rose 18.7% from ₹17 crore and basic EPS rose 18.7% from ₹9.51. Sequentially, net profit rose 127.0% from ₹8.89 crore and basic EPS rose 127.2% from ₹4.97. No consolidated figures were given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 331.47 | 213.87 | 292.99 | +13.1% | +55.0% |
| Other income | 2.61 | 3.20 | 1.33 | +96.2% | −18.4% |
| Total expenses | 307.15 | 205.15 | 271.60 | +13.1% | +49.7% |
| EBITDA | 31.50 | 15.03 | 27.79 | +13.4% | +109.6% |
| EBITDA margin | 9.5% | 7.0% | 9.5% | +0.0 pp | +2.5 pp |
| Profit before tax | 26.93 | 11.93 | 22.72 | +18.5% | +125.7% |
| Tax | 6.75 | 3.04 | 5.73 | +17.8% | +122.0% |
| Net profit | 20.18 | 8.89 | 17 | +18.7% | +127.0% |
| EPS (₹) | 11.29 | 4.97 | 9.51 | +18.7% | +127.2% |
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 BTRFLY Gandhi Appl's costs and profit?
Total expenses rose 13.1% year on year to ₹307.15 crore from ₹271.60 crore, broadly in line with the 13.1% increase in revenue. Cost of materials was ₹156.44 crore, up ₹15.20 crore, while employee cost rose ₹3.23 crore to ₹33.79 crore and other expenses rose ₹2.47 crore to ₹54.78 crore.
Finance costs fell ₹0.18 crore to ₹0.27 crore from ₹0.45 crore, while depreciation rose ₹0.97 crore to ₹6.92 crore. Other income increased ₹1.28 crore to ₹2.61 crore from ₹1.33 crore. There was no exceptional item in either quarter.
Tax expense rose ₹1.02 crore to ₹6.75 crore from ₹5.73 crore. Despite the higher cost lines, profit before tax increased ₹4.21 crore to ₹26.93 crore and net profit increased ₹3.18 crore to ₹20.18 crore; PAT margin rose 0.3 percentage points to 6.1%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 156.44 | 141.24 | +15.20 | +10.8% |
| Employee cost | 33.79 | 30.56 | +3.23 | +10.6% |
| Finance costs | 0.27 | 0.45 | −0.18 | −40.0% |
| Depreciation | 6.92 | 5.95 | +0.97 | +16.3% |
| Other expenses | 54.78 | 52.31 | +2.47 | +4.7% |
| Total expenses | 307.15 | 271.60 | +35.55 | +13.1% |
| Other income | 2.61 | 1.33 | +1.28 | +96.2% |
| Tax | 6.75 | 5.73 | +1.02 | +17.8% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue was ₹545.34 crore, up 13.5% from ₹480.4 crore in H1 FY26. Total income rose 14.0% to ₹551.15 crore from ₹483.65 crore, while profit before tax increased 23.7% to ₹38.85 crore from ₹31.4 crore.
Net profit for the first half was ₹29.07 crore, up 24.1% from ₹23.43 crore, and EPS was ₹16.26 against ₹13.1. The filing presented the quarter and half-year results on a standalone basis.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 545.34 | 480.40 | +13.5% |
| Profit before tax | 38.85 | 31.40 | +23.7% |
| Net profit | 29.07 | 23.43 | +24.1% |
| EPS (₹) | 16.26 | 13.10 | +24.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹637.21 crore against ₹559.22 crore on 31 March 2026, while total equity rose to ₹400.2 crore from ₹372.26 crore. The company reported no borrowings on either date, and cash declined to ₹4.68 crore from ₹13.01 crore.
Inventories increased to ₹197.46 crore from ₹144.32 crore, trade receivables to ₹159.26 crore from ₹60.55 crore and trade payables to ₹138.64 crore from ₹105.55 crore. H1 FY27 operating cash flow was an outflow of ₹70.97 crore, compared with an inflow of ₹11.57 crore in H1 FY26.
Investing cash flow for H1 FY27 was an inflow of ₹67.29 crore, against an outflow of ₹8.3 crore a year earlier, while financing cash flow was an outflow of ₹4.64 crore compared with ₹4.35 crore. Capital expenditure was ₹6.92 crore, up from ₹5.65 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 637.21 | 559.22 |
| Total equity | 400.20 | 372.26 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 4.68 | 13.01 |
| Inventories | 197.46 | 144.32 |
| Trade receivables | 159.26 | 60.55 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −70.97 | 11.57 |
| Cash from investing | 67.29 | −8.30 |
| Cash from financing | −4.64 | −4.35 |
| Capital expenditure | 6.92 | 5.65 |
Source: Company's results filing (XBRL).
How has BTRFLY Gandhi Appl done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters. Over the reported trend, revenue reached its highest level of ₹331.47 crore in Q2 FY27, while its lowest level was ₹187.0 crore in Q4 FY25.
Net profit peaked at ₹20.18 crore in Q2 FY27 and bottomed at ₹6.43 crore in Q1 FY26. EBITDA margin reached 9.5% in both Q2 FY26 and Q2 FY27, while its lowest point was 6.8% in Q1 FY26.
The latest quarter marked a directional rise from Q1 FY27: revenue increased from ₹213.87 crore to ₹331.47 crore, net profit from ₹8.89 crore to ₹20.18 crore and EBITDA margin from 7.0% to 9.5%. Profit has risen year on year in each of the last six quarters.
What else did the company announce?
The board approved the unaudited standalone financial results for the quarter ended 30 September 2026 and the limited review report. ASA & Associates LLP said its review found nothing that caused it to believe the statement had not disclosed the required information or contained a material misstatement.
The board also approved the re-appointment of P. M. Murty and Smita Anand as non-executive independent directors for a second consecutive term of three years, from 1 April 2027 to 31 March 2030. The appointments are subject to members' approval, and the board approved a postal ballot notice seeking that consent. The same-day filings did not disclose a dividend or fund raise.
How did BTRFLY Gandhi Appl shares react?
The stock initially traded in the market after the filing, falling 3.5% after five minutes and 4.8% after 15 minutes from the price when the filing appeared. It closed 7.8% higher from its pre-results close on the reaction day and was up 6.7% from that close by the next day's close.
By five sessions after the results, the stock was down 1.8% from its pre-results close. The Household Appliances industry median moved down 0.7% on the reaction day, down 0.8% by the next day and down 7.6% over five days, leaving the stock ahead of the industry median by 8.4 percentage points, 7.5 percentage points and 5.9 percentage points, respectively.
Earlier reaction-day moves were positive on seven of the eight listed results dates. The largest was 14.5% on 11 May 2026, while the only decline among those dates was 3.7% on 10 February 2025.
| After the filing | Stock | Household Appliances median |
|---|---|---|
| 5 minutes | −3.5% | |
| 15 minutes | −4.8% | |
| Reaction day | +7.8% | −0.7% |
| Next day | +6.7% | −0.8% |
| 5 days | −1.8% | −7.6% |
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 |
|---|---|
| 3 August 2026 | +3.3% |
| 11 May 2026 | +14.5% |
| 4 February 2026 | +2.9% |
| 4 November 2025 | +3.3% |
| 4 August 2025 | +3.7% |
| 13 May 2025 | +3.1% |
| 10 February 2025 | −3.7% |
| 11 November 2024 | +0.6% |
Source: MarketPing price-reaction measurement.
How did other Household Appliances companies do?
Eleven other Household Appliances companies that had filed for the quarter recorded a median revenue growth of 18.2%. Three peers grew slower than BTRFLY Gandhi Appl, while eight grew faster than the company.
Among the 11 peers for which profit was compared, seven reported higher profit. The peer figures were as of 4 November 2026.
| BTRFLY Gandhi Appl revenue growth (YoY) | +13.1% |
|---|---|
| Median of 11 other Household Appliances companies | +18.2% |
| Companies with slower revenue growth than BTRFLY Gandhi Appl | 3 of 11 |
| Companies with faster revenue growth than BTRFLY Gandhi Appl | 8 of 11 |
| Companies whose net profit rose | 7 of 11 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was BTRFLY Gandhi Appl's revenue in Q2 FY27?
Revenue from operations was ₹331.47 crore, up 13.1% from ₹292.99 crore in Q2 FY26 (standalone).
Did BTRFLY Gandhi Appl make a profit in Q2 FY27?
Yes. Net profit was ₹20.18 crore, against a net profit of ₹17 crore in Q2 FY26.
What was BTRFLY Gandhi Appl's EPS in Q2 FY27?
Basic earnings per share were ₹11.29, against ₹9.51 in Q2 FY26.
How did BTRFLY Gandhi Appl shares react to the Q2 FY27 results?
On the reaction day the stock moved +7.8% from the previous close; the median Household Appliances stock moved −0.7%.
When did BTRFLY Gandhi Appl announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudiited Financial Results For The Quarter And Period Ended September 30 2026 (BSE, 6 October 2026) · PDF
- Financial Results (BSE, 15 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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