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Deepak Spinners Q2 FY27 results: net profit ₹7.49 crore vs ₹1.97 crore, revenue up 119.5%
Deepak Spinners Ltd reported standalone revenue of ₹306.20 crore and a net profit of ₹7.49 crore for Q2 FY27, ended on 30 September 2026. Revenue rose 119.5% from the year-ago quarter, while profit increased 280.2%; EBITDA margin was 4.2%, down 0.7 percentage points from Q2 FY26.
Key points
- Revenue was ₹306.20 crore in Q2 FY27, up 119.5% from ₹139.47 crore in Q2 FY26 and 123.8% from ₹136.82 crore in Q1 FY27.
- EBITDA was ₹12.84 crore, up 87.7% from the year-ago quarter, while EBITDA margin fell 0.7 percentage points to 4.2%.
- Net profit was ₹7.49 crore, compared with ₹1.97 crore in Q2 FY26 and ₹3.09 crore in Q1 FY27; basic EPS was ₹10.42.
- Total expenses rose 119.7% from the year-ago quarter to ₹302.76 crore, and other income increased 551.5% to ₹6.32 crore.
- By the next day's close, the stock was down 1.1% from its pre-results close, against a 0.8% rise for the industry median.
How did Deepak Spinners perform in Q2 FY27?
Deepak Spinners reported standalone revenue of ₹306.20 crore for Q2 FY27, ended on 30 September 2026, against ₹139.47 crore in Q2 FY26 and ₹136.82 crore in Q1 FY27. Revenue was up 119.5% from the year-ago quarter and 123.8% from the previous quarter. Total income was ₹312.52 crore, compared with ₹140.44 crore in Q2 FY26 and ₹139.43 crore in Q1 FY27.
EBITDA was ₹12.84 crore, up from ₹6.84 crore in Q2 FY26 and ₹6.31 crore in Q1 FY27. The EBITDA margin was 4.2%, down from 4.9% a year earlier and 4.6% in the previous quarter. Profit before tax was ₹9.76 crore, and net profit was ₹7.49 crore, compared with ₹2.63 crore and ₹1.97 crore in Q2 FY26.
Basic EPS was ₹10.42, up from ₹2.74 in Q2 FY26 and ₹4.30 in Q1 FY27. These are standalone results. The filing states that the board approved the unaudited quarter and half-year results on 30 October 2026, following a limited review by the statutory auditors.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 306.20 | 136.82 | 139.47 | +119.5% | +123.8% |
| Other income | 6.32 | 2.61 | 0.97 | +551.5% | +142.1% |
| Total expenses | 302.76 | 135.28 | 137.81 | +119.7% | +123.8% |
| EBITDA | 12.84 | 6.31 | 6.84 | +87.7% | +103.5% |
| EBITDA margin | 4.2% | 4.6% | 4.9% | −0.7 pp | −0.4 pp |
| Profit before tax | 9.76 | 4.15 | 2.63 | +271.1% | +135.2% |
| Tax | 2.27 | 1.06 | 0.66 | +243.9% | +114.2% |
| Net profit | 7.49 | 3.09 | 1.97 | +280.2% | +142.4% |
| EPS (₹) | 10.42 | 4.30 | 2.74 | +280.3% | +142.3% |
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 Deepak Spinners' costs and profit?
Total expenses increased 119.7% from the year-ago quarter to ₹302.76 crore. Cost of materials rose 124.2% by ₹99.28 crore to ₹179.21 crore, employee cost rose 112.4% by ₹20.69 crore to ₹39.09 crore, and other expenses rose 110.2% by ₹29.72 crore to ₹56.68 crore.
Depreciation increased 90.2% by ₹3.96 crore to ₹8.35 crore, while finance costs rose 32.9% by ₹0.26 crore to ₹1.05 crore. Other income increased 551.5% by ₹5.35 crore to ₹6.32 crore. There was no exceptional item in the quarter.
Tax expense was ₹2.27 crore, up 243.9% by ₹1.61 crore from ₹0.66 crore in Q2 FY26. The filing reports higher revenue, expenses, other income and tax, but does not state the reasons for these changes.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 179.21 | 79.93 | +99.28 | +124.2% |
| Employee cost | 39.09 | 18.40 | +20.69 | +112.4% |
| Finance costs | 1.05 | 0.79 | +0.26 | +32.9% |
| Depreciation | 8.35 | 4.39 | +3.96 | +90.2% |
| Other expenses | 56.68 | 26.96 | +29.72 | +110.2% |
| Total expenses | 302.76 | 137.81 | +164.95 | +119.7% |
| Other income | 6.32 | 0.97 | +5.35 | +551.5% |
| Tax | 2.27 | 0.66 | +1.61 | +243.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹309.95 crore on 30 September 2026, compared with ₹318.22 crore on 31 March 2026. Total equity rose to ₹237.61 crore from ₹229.40 crore, while borrowings fell to ₹8.95 crore from ₹30.48 crore. Cash and cash equivalents were ₹0.18 crore, compared with ₹0.04 crore.
Inventories declined to ₹71.26 crore from ₹87.39 crore, while trade receivables rose to ₹53.89 crore from ₹33.08 crore. Trade payables fell to ₹21.98 crore from ₹31.77 crore. For H1 FY27, net operating cash flow was ₹23.01 crore, compared with ₹12.81 crore in H1 FY26.
Investing cash flow was an outflow of ₹0.27 crore, compared with an outflow of ₹3.49 crore, while financing cash flow was an outflow of ₹22.59 crore against an outflow of ₹8.71 crore. Capital expenditure was ₹0.49 crore, compared with no capital expenditure in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 309.95 | 318.22 |
| Total equity | 237.61 | 229.40 |
| Borrowings | 8.95 | 30.48 |
| Cash and equivalents | 0.18 | 0.04 |
| Inventories | 71.26 | 87.39 |
| Trade receivables | 53.89 | 33.08 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 23.01 | 12.81 |
| Cash from investing | −0.27 | −3.49 |
| Cash from financing | −22.59 | −8.71 |
| Capital expenditure | 0.49 | 0 |
Source: Company's results filing (XBRL).
How has Deepak Spinners done over the last 8 quarters?
Revenue reached ₹306.20 crore in Q2 FY27, the highest level in the reported trend, after ₹136.82 crore in Q1 FY27. Profit after tax also peaked at ₹7.49 crore in Q2 FY27, compared with ₹3.09 crore in Q1 FY27. EBITDA margin moved in the opposite direction, declining from 5.5% in Q4 FY26 to 4.6% in Q1 FY27 and 4.2% in Q2 FY27.
Earlier in the series, revenue was lowest at ₹120.76 crore in Q4 FY26, while profit after tax fell to a loss of ₹3.61 crore in Q1 FY26. Profit then recovered to ₹1.97 crore in Q2 FY26 and ₹2.81 crore in Q3 FY26 before reaching the latest quarter’s high.
How did Deepak Spinners shares react?
The results were announced after market on 30 October 2026. The stock was down 0.8% after 5 minutes and 0.8% after 15 minutes, and it closed 2.2% below its previous close on the reaction day. By the next day's close, it was down 1.1% from its pre-results close.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | −0.8% | |
| 15 minutes | −0.8% | |
| 30 minutes | −0.0% | |
| Reaction day | −2.2% | +0.6% |
| Next day | −1.1% | +0.8% |
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 |
|---|---|
| 20 July 2026 | +2.1% |
| 26 May 2026 | −1.6% |
| 5 February 2026 | +1.3% |
| 4 November 2025 | +6.9% |
| 11 August 2025 | −0.4% |
| 22 May 2025 | −3.7% |
| 5 August 2024 | +2.8% |
| 29 May 2024 | +1.3% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 Other Textile Products companies compared by revenue growth, the median was 22.4%. Of the peers compared, 57 grew slower than Deepak Spinners and 4 grew faster than Deepak Spinners. Deepak Spinners’ reported revenue growth was 119.5%.
Profit was higher for 43 peers out of 64 companies compared for profit. These peer figures were available as of 4 November 2026.
| Deepak Spinners revenue growth (YoY) | +119.5% |
|---|---|
| Median of 61 other Other Textile Products companies | +22.4% |
| Companies with slower revenue growth than Deepak Spinners | 57 of 61 |
| Companies with faster revenue growth than Deepak Spinners | 4 of 61 |
| Companies whose net profit rose | 43 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Deepak Spinners' revenue in Q2 FY27?
Revenue from operations was ₹306.20 crore, up 119.5% from ₹139.47 crore in Q2 FY26 (standalone).
Did Deepak Spinners make a profit in Q2 FY27?
Yes. Net profit was ₹7.49 crore, against a net profit of ₹1.97 crore in Q2 FY26.
What was Deepak Spinners' EPS in Q2 FY27?
Basic earnings per share were ₹10.42, against ₹2.74 in Q2 FY26.
How did Deepak Spinners shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.2% from the previous close; the median Other Textile Products stock moved +0.6%.
When did Deepak Spinners announce its Q2 FY27 results?
On 30 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Financial Results -30.09.2026 (BSE, 12 October 2026) · PDF
- Unaudited Financial Results For The Half Year Ended 30.09.2026 (BSE, 30 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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