Consecutive Commodities Q2 FY27 results: net profit up 93.3% to ₹1.72 crore, revenue up 111.9%

How did Consecutive Commodities perform in Q2 FY27?

Consecutive Commodities reported standalone revenue of ₹41.63 crore in Q2 FY27, up 111.9% from ₹19.65 crore in Q2 FY26. Revenue was also up 351.5% from ₹9.22 crore in Q1 FY27. Total expenses increased to ₹39.92 crore from ₹18.63 crore a year earlier and ₹7.68 crore in the previous quarter. The company did not report EBITDA or EBITDA margin for the quarter.

Profit before tax was ₹1.72 crore, up 68.6% from ₹1.02 crore in Q2 FY26 and 12.4% from ₹1.53 crore in Q1 FY27. Net profit was ₹1.72 crore, compared with ₹0.89 crore and ₹1.20 crore in the respective comparison periods. PAT margin was 4.1%, down 0.4 percentage points year on year and 8.9 percentage points sequentially. Basic EPS was ₹0.03, compared with ₹0.06 a year earlier and ₹0.07 in Q1 FY27. These are standalone figures; no consolidated figures were given.

What changed in Consecutive Commodities' costs and profit?

Total expenses rose by ₹21.29 crore from Q2 FY26 to ₹39.92 crore, while revenue rose by ₹21.98 crore. Employee cost was unchanged at ₹0.01 crore, finance costs and depreciation were unchanged at ₹0 crore, and other expenses increased by ₹0.16 crore from ₹0.03 crore to ₹0.19 crore. Cost of materials was not reported.

Other income remained unchanged at ₹0 crore, and there was no exceptional item in Q2 FY27. Tax was ₹0 crore, down by ₹0.13 crore from ₹0.13 crore in Q2 FY26, while profit before tax increased by ₹0.70 crore to ₹1.72 crore. Against Q1 FY27, employee cost fell by ₹0.01 crore and other expenses fell by ₹0.01 crore, while tax fell by ₹0.34 crore. The filings do not state why the revenue and expense changes occurred.

How did the first half of FY27 go?

In the first half of FY27, Consecutive Commodities reported standalone revenue of ₹50.85 crore, up ₹25.54 crore or 100.9% from ₹25.31 crore in H1 FY26. Total income was ₹50.85 crore, up ₹25.33 crore or 99.3% from ₹25.52 crore. Profit before tax increased by ₹1.59 crore or 95.8% to ₹3.25 crore from ₹1.66 crore.

Net profit for H1 FY27 was ₹2.50 crore, up ₹1.01 crore or 67.8% from ₹1.49 crore in H1 FY26. Basic EPS fell by ₹0.05, or 55.6%, to ₹0.04 from ₹0.09. The board approved the unaudited quarterly and half-year results and the limited review report on 3 November 2026.

What do the balance sheet and cash flow show?

Total assets rose to ₹72.32 crore on 30 September 2026 from ₹21.41 crore on 31 March 2026, while total equity increased to ₹70.63 crore from ₹20.09 crore. Borrowings fell to ₹0.01 crore from ₹0.06 crore and cash was unchanged at ₹0.07 crore. Inventories declined to ₹1.25 crore from ₹9.08 crore, while trade receivables increased to ₹54.90 crore from ₹11.13 crore and trade payables fell to ₹0.25 crore from ₹0.59 crore.

For H1 FY27, operating cash flow was negative ₹33.05 crore, compared with negative ₹7.07 crore in H1 FY26. Investing cash flow was negative ₹14.95 crore against ₹0 crore, while financing cash flow was positive ₹47.99 crore against positive ₹7.60 crore. Capital expenditure was ₹0 crore in both periods.

How has Consecutive Commodities done over the last 8 quarters?

Revenue rose year on year in each of the last five quarters. It reached ₹41.63 crore in Q2 FY27, the highest level in the eight-quarter series, after ₹9.22 crore in Q1 FY27 and a low of ₹3.87 crore in Q3 FY25. Profit also rose year on year in each of the last three quarters.

Net profit reached ₹1.72 crore in Q2 FY27, above ₹1.20 crore in Q1 FY27 and ₹0.89 crore in Q2 FY26, but remained below the ₹1.72 crore peak shown for the latest quarter only in the supplied series. EBITDA and EBITDA margin were not reported for any quarter, so no earnings-margin trend can be stated.

What did the auditors point out?

The review report states that the review of interim financial information consisted of inquiries, primarily of persons responsible for financial and accounting matters, and analytical and other review procedures. It says the review was substantially less in scope than an audit and did not enable the auditors to obtain assurance that they would become aware of all significant matters identified in an audit; accordingly, the auditors did not express an audit opinion.

The report contains an Emphasis of Matter stating that trade receivables, trade payables, loans and advances, and borrowings at the balance sheet date were subject to confirmation and reconciliation. Direct confirmations from customers, vendors and loan counterparties had not been received, and the balances had not been reconciled with the company’s books. Sales and purchases were verified using data and information provided by management, which may lead to adjustments and affect the financial statements.

How did Consecutive Commodities shares react?

By the next day’s close, the stock was down 17.2% from its pre-results close, while the industry median was up 1.9%. The stock therefore lagged the industry median by 19.0 percentage points on that cumulative basis. Earlier reaction-day moves were 2.6% on 24 July 2026, 2.2% on 25 May 2026, 2.2% lower on 14 February 2026 and unchanged on 13 November 2025.

How did other Investment Company companies do?

Among 21 other Investment Company companies that had filed for the quarter, the median revenue growth was 26.5%, as of 6 November 2026. Sixteen peers grew more slowly than Consecutive Commodities and five grew faster. The company’s revenue growth of 111.9% was therefore above the peer median.

Of the 24 peers used for the profit comparison, 19 reported higher profit. The peer set included 21 companies for revenue comparisons and 24 for profit comparisons.