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Dharti Proteins Q2 FY27 results: net profit ₹3.37 crore

Dharti Proteins Limited reported standalone revenue of ₹2.85 crore, EBITDA of ₹1.27 crore and a net profit of ₹3.37 crore for Q2 FY27. The quarter ended with a basic EPS of ₹67.45, compared with a net loss of ₹0.14 crore in Q1 FY27 and a net loss of ₹0.0 crore in Q2 FY26.

Key points

  • Standalone Q2 FY27 revenue was ₹2.85 crore, against ₹0 crore in Q2 FY26 and Q1 FY27.
  • EBITDA was ₹1.27 crore, with an EBITDA margin of 44.5%, and turned to profit from a net loss of ₹0.14 crore in Q1 FY27.
  • Q2 FY27 net profit was ₹3.37 crore and basic EPS was ₹67.45.
  • H1 FY27 revenue was ₹2.85 crore, total income was ₹6.0 crore and net profit was ₹3.23 crore.
  • The board recommended a 1:1 bonus issue for public shareholders, excluding promoters and the promoter group, subject to shareholder approval.

How did Dharti Proteins perform in Q2 FY27?

Dharti Proteins reported standalone revenue of ₹2.85 crore, EBITDA of ₹1.27 crore and an EBITDA margin of 44.5% in Q2 FY27. Against Q2 FY26, revenue was higher by ₹2.85 crore and EBITDA moved from a net loss of ₹0.01 crore to profit, a difference of ₹1.28 crore. Against Q1 FY27, revenue was higher by ₹2.85 crore and EBITDA improved by ₹1.41 crore, moving from a net loss of ₹0.14 crore to profit.

The company reported a net profit of ₹3.37 crore and basic EPS of ₹67.45 for Q2 FY27. Net profit was higher by ₹3.37 crore than in Q2 FY26 and by ₹3.51 crore than in Q1 FY27, when it reported a net loss of ₹0.14 crore. EPS increased by ₹67.45 from Q2 FY26 and by ₹70.31 from Q1 FY27. The results were on a standalone basis, and the filing did not provide consolidated figures for the quarter.

Dharti Proteins Q2 FY27 results, standalone (₹ crore unless stated)
₹ croreQ2 FY27Q1 FY27Q2 FY26YoYQoQ
Revenue from operations2.8500
Other income3.1500
Total expenses1.580.140.01+15700.0%+1028.6%
EBITDA1.27−0.14−0.01turned to profitturned to profit
EBITDA margin44.5%
Profit before tax4.41−0.140turned to profit
Tax1.0400
Net profit3.37−0.140turned to profit
EPS (₹)67.45−2.860.00turned to profit

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 Dharti Proteins' costs and profit?

Other income was ₹3.15 crore in Q2 FY27, against ₹0 crore in both Q2 FY26 and Q1 FY27, representing increases of ₹3.15 crore. The auditor’s report stated that the company received a waiver of unsecured loan amounting to Rs.314.50 lakhs from its Managing Director under the approved resolution plan and recognised the amount as other income during the quarter and period.

Total expenses were ₹1.58 crore, up ₹1.57 crore from ₹0.01 crore in Q2 FY26 and up ₹1.44 crore from ₹0.14 crore in Q1 FY27. Other expenses were ₹0.15 crore, compared with ₹0.01 crore a year ago and ₹0.12 crore in the previous quarter; employee cost was ₹0.03 crore, while cost of materials, finance costs and depreciation were unchanged at ₹0 crore. There was no exceptional item. Tax was ₹1.04 crore, compared with ₹0 crore in both comparison quarters.

Costs and other lines, Q2 FY27 against Q2 FY26 (₹ crore)
₹ croreQ2 FY27Q2 FY26ChangeChange %
Cost of materials000
Employee cost0.030+0.03
Finance costs000
Depreciation000
Other expenses0.150.01+0.14+1400.0%
Total expenses1.580.01+1.57+15700.0%
Other income3.150+3.15
Tax1.040+1.04

Source: Company's results filing (XBRL).

How did the first half of FY27 go?

In H1 FY27, Dharti Proteins reported revenue of ₹2.85 crore, total income of ₹6.0 crore, PBT of ₹4.27 crore and net profit of ₹3.23 crore, with basic EPS of ₹64.59. In H1 FY26, revenue was ₹0 crore, total income was ₹0.02 crore, PBT and net profit were each a loss of ₹0.05 crore, and basic EPS was -₹0.05.

Total income increased by ₹5.98 crore in the first half, while PBT moved to profit from a loss of ₹0.05 crore, a difference of ₹4.32 crore. Net profit moved to ₹3.23 crore from a loss of ₹0.05 crore, a difference of ₹3.28 crore, and EPS increased by ₹64.64.

H1 FY27 against H1 FY26 (₹ crore unless stated)
₹ croreH1 FY27H1 FY26Change
Revenue from operations2.850
Profit before tax4.27−0.05turned to profit
Net profit3.23−0.05turned to profit
EPS (₹)64.59−0.05

Source: Company's results filing (XBRL).

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹3.49 crore, compared with ₹0.72 crore on 31 March 2026. Total equity was ₹0.59 crore against negative equity of ₹2.64 crore, while borrowings fell to ₹0.4 crore from ₹3.34 crore and cash rose to ₹0.1 crore from ₹0.03 crore. Trade receivables were ₹2.85 crore and trade payables were ₹1.43 crore; inventories were unchanged at ₹0 crore.

For H1 FY27, operating cash flow was -₹0.14 crore, compared with -₹3.87 crore in H1 FY26. Investing cash flow was ₹0 crore against ₹2.61 crore, financing cash flow was ₹0.2 crore against ₹0 crore, and capital expenditure was ₹0 crore in both periods.

Balance sheet (₹ crore)
₹ croreAs of 30 September 2026As of 31 March 2026
Total assets3.490.72
Total equity0.59−2.64
Borrowings0.403.34
Cash and equivalents0.100.03
Inventories00
Trade receivables2.850

Source: Company's results filing (XBRL).

Cash flow, year to date (₹ crore)
₹ croreH1 FY27H1 FY26
Cash from operations−0.14−3.87
Cash from investing02.61
Cash from financing0.200
Capital expenditure00

Source: Company's results filing (XBRL).

How has Dharti Proteins done over the last 7 quarters?

The quarterly trend changed in Q2 FY27 after a period of negligible revenue. Revenue reached ₹2.85 crore in the September 2026 quarter, while net profit rose to ₹3.37 crore from a loss of ₹0.14 crore in Q1 FY27. The EBITDA margin was 44.5% in Q2 FY27; the available quarterly data do not provide comparable margins for the earlier quarters.

Net profit had declined to a loss of ₹0.46 crore in Q4 FY26 before improving to a loss of ₹0.14 crore in Q1 FY27 and then turning positive in Q2 FY27. Revenue was ₹0 crore through Q1 FY27 before reaching ₹2.85 crore in the latest quarter, indicating a shift from sustained losses to reported profit.

Revenue from operations (₹ crore)
0Q4 FY250Q1 FY260Q2 FY260Q3 FY260Q4 FY260Q1 FY272.85Q2 FY27
Net profit (₹ crore)
0.02Q4 FY25−0.05Q1 FY260Q2 FY26−0.34Q3 FY26−0.46Q4 FY26−0.14Q1 FY273.37Q2 FY27

What else did the company announce?

On 13 October 2026, the board approved the audited standalone financial results for the quarter and half year ended 30 September 2026, along with the interim audit report and declaration of an unmodified report. It recommended one bonus equity share of Rs. 10/- each for every one fully paid-up equity share held by public shareholders, excluding promoters and the promoter group, as on the record date. The proposal is intended to meet minimum public shareholding requirements and requires shareholder approval.

The board also approved the appointment of M/S J M Patel & Bros, Chartered Accountants, as tax auditor for FY 2026-27 and initiated a change of registrar and transfer agent from System Support Services to Bigshare Services Private Limited. It called an extraordinary general meeting for 6 November 2026 to seek shareholders’ approval for the bonus issue, appointed Bigshare as remote e-voting agency and appointed M/s. Dharti Patel & Associates as scrutiniser.

How did Dharti Proteins shares react?

The results were filed after market hours on 13 October 2026. From the pre-results close of ₹66.92, the stock was up 5.0% on the reaction day. By the next day’s close, it was up 10.2% from that pre-results close, and by the fifth session it was up 34.0%.

Over the same closes, the Nifty Microcap 250 rose 0.7% on the reaction day, fell 1.0% by the next day and fell 5.5% by the fifth session. The available data do not provide an industry median reaction or earlier results-day moves for comparison.

Share price after the results filing
After the filingStock
Reaction day+5.0%
Next day+10.2%
5 days+34.0%

Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.

Quick answers

What was Dharti Proteins' revenue in Q2 FY27?

Revenue from operations was ₹2.85 crore, against ₹0 crore in Q2 FY26 (standalone).

Did Dharti Proteins make a profit in Q2 FY27?

Yes. Net profit was ₹3.37 crore, against a net profit of ₹0 crore in Q2 FY26.

What was Dharti Proteins' EPS in Q2 FY27?

Basic earnings per share were ₹67.45, against ₹0.00 in Q2 FY26.

How did Dharti Proteins shares react to the Q2 FY27 results?

On the reaction day the stock moved +5.0% from the previous close.

When did Dharti Proteins announce its Q2 FY27 results?

On 13 October 2026, in a filing to the BSE.

Sources

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.

This is information, not investment advice. MarketPing does not recommend buying or selling any security.