EMA India Q2 FY27 results: net loss of ₹0.10 crore vs ₹6.90 crore profit

How did EMA India perform in Q2 FY27?

EMA India reported standalone revenue of ₹0 crore for Q2 FY27, unchanged from both Q2 FY26 and Q1 FY27. Other income was ₹0.02 crore, while total expenses were ₹0.12 crore, resulting in an EBITDA loss of ₹0.12 crore and a loss before tax of ₹0.10 crore. Basic EPS was ₹1.02, compared with ₹69.28 in Q2 FY26 and ₹3.16 in Q1 FY27.

The net result was a net loss of ₹0.10 crore in Q2 FY27, compared with a net profit of ₹6.90 crore in Q2 FY26 and a net loss of ₹0.32 crore in Q1 FY27. The results were presented on a standalone basis; no consolidated figures were provided in the supplied filing information. The company’s EBITDA margin was not reported.

What changed in EMA India's costs and profit?

Total expenses fell to ₹0.12 crore in Q2 FY27 from ₹0.14 crore in Q2 FY26, while other income rose to ₹0.02 crore from ₹0 crore. Employee benefit expense declined to ₹0.03 crore from ₹0.06 crore, but other expenses increased to ₹0.09 crore from ₹0.07 crore. Cost of materials, finance costs and depreciation were unchanged at ₹0 crore.

The main difference in the year-ago profit was the absence of an exceptional gain. Q2 FY26 included an exceptional gain of ₹7.93 crore, whereas Q2 FY27 had no exceptional item. Tax expense was ₹0 crore in Q2 FY27, down from ₹0.90 crore in Q2 FY26. The filing does not state a reason for the movement in other expenses.

How did the first half of FY27 go?

In the first half of FY27, revenue remained ₹0 crore, while total income was ₹0.02 crore. The company reported a loss before tax of ₹0.42 crore and a net loss of ₹0.42 crore, compared with a profit before tax of ₹7.68 crore and net profit of ₹6.78 crore in H1 FY26. Basic EPS was ₹42.04, against ₹68.24 in H1 FY26.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹4.07 crore, total equity was ₹4.02 crore, borrowings were ₹0 crore and cash was ₹3.15 crore. Compared with 31 March 2026, total assets were ₹4.80 crore, total equity was ₹4.44 crore, borrowings were ₹0 crore and cash was ₹4.22 crore. Inventories, trade receivables and trade payables were each reported at ₹0 crore on both dates.

H1 FY27 operating cash flow was an outflow of ₹0.83 crore, against an inflow of ₹7.15 crore in H1 FY26. Investing cash flow was an outflow of ₹0.24 crore, compared with ₹4.48 crore a year earlier, while financing cash flow was unchanged at ₹0 crore. Capital expenditure was ₹0 crore in both periods.

How has EMA India done over the last 8 quarters?

The quarterly profit pattern shows a loss in most of the available periods, with Q2 FY26 standing out at a net profit of ₹6.90 crore. The net loss reached ₹0.48 crore in Q4 FY26, improved to ₹0.32 crore in Q1 FY27 and narrowed further to ₹0.10 crore in Q2 FY27. Revenue remained ₹0 crore throughout the supplied quarterly series, and EBITDA margin figures were not reported.

What else did the company announce?

On 30 October 2026, the board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026 and the related limited review report. The same-day filings recorded the appointment of Shraddha Bhatt Dave as Chief Financial Officer and Key Managerial Personnel, effective 30 October 2026, following the takeover of the company and resignation of the erstwhile CFO.

The board also noted the resignation of Awashesh Dixit as secretarial auditor, effective 30 October 2026. The filing stated that he cited his inability to continue as the company’s secretarial auditor. No dividend or fund-raising decision was included in the supplied same-day filing information.

How did EMA India shares react?

How did other Industrial Products companies do?

Among 37 Industrial Products companies compared for the quarter, the median revenue growth was 33.8%. The supplied peer data did not provide counts for companies growing faster or slower than EMA India or for peers with profit growth.