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Essen Speciality Films Q2 FY27 results: net loss of ₹0.28 crore vs ₹5.19 crore profit, revenue down 40.2%
Essen Speciality Films Limited reported a standalone net loss of ₹0.28 crore for Q2 FY27, against a net profit of ₹5.19 crore in Q2 FY26. Revenue fell 40.2% to ₹28.91 crore and EBITDA margin declined to 2.0% from 19.5%. The board approved the unaudited standalone results for the July–September 2026 quarter on 20 October 2026, and the statutory auditors’ limited review carried no qualification or modification.
Key points
- Revenue was ₹28.91 crore in Q2 FY27, down ₹19.44 crore or 40.2% from ₹48.35 crore in Q2 FY26.
- EBITDA was ₹0.58 crore, down ₹8.87 crore or 93.9% from ₹9.45 crore, with margin at 2.0% versus 19.5%.
- The company reported a net loss of ₹0.28 crore, against a net profit of ₹5.19 crore a year earlier, and basic EPS was -₹0.11.
- For H1 FY27, revenue fell 32.3% to ₹60.56 crore and profit after tax was ₹0.08 crore, against ₹6.97 crore in H1 FY26.
- Total assets rose to ₹236.65 crore from ₹207.09 crore as of 31 March 2026, while borrowings rose to ₹60.19 crore from ₹46.76 crore.
How did Essen Speciality Films perform in Q2 FY27?
Essen Speciality Films reported standalone revenue of ₹28.91 crore for Q2 FY27, down ₹19.44 crore or 40.2% from ₹48.35 crore in Q2 FY26 and ₹2.74 crore or 8.7% lower than ₹31.65 crore in Q1 FY27. Total income was ₹28.96 crore, against ₹48.36 crore a year earlier and ₹32.26 crore in the previous quarter. These were standalone figures for the July–September 2026 quarter, approved by the board on 20 October 2026.
EBITDA was ₹0.58 crore, down ₹8.87 crore or 93.9% from ₹9.45 crore in Q2 FY26, and unchanged against ₹0.58 crore in Q1 FY27. The EBITDA margin was 2.0%, against 19.5% a year earlier and 1.8% in the previous quarter. The company recorded a loss before tax of ₹0.85 crore, compared with profit of ₹7.58 crore a year earlier, and a net loss of ₹0.28 crore against a net profit of ₹5.19 crore. Basic EPS was -₹0.11, compared with ₹2.09 in Q2 FY26 and ₹0.15 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 28.91 | 31.65 | 48.35 | −40.2% | −8.7% |
| Other income | 0.05 | 0.61 | 0.01 | +400.0% | −91.8% |
| Total expenses | 29.80 | 32.62 | 40.78 | −26.9% | −8.6% |
| EBITDA | 0.58 | 0.58 | 9.45 | −93.9% | +0.0% |
| EBITDA margin | 2.0% | 1.8% | 19.5% | −17.5 pp | +0.2 pp |
| Profit before tax | −0.85 | −0.36 | 7.58 | turned to loss | |
| Tax | −0.57 | −0.72 | 2.39 | ||
| Net profit | −0.28 | 0.36 | 5.19 | turned to loss | turned to loss |
| EPS (₹) | −0.11 | 0.15 | 2.09 | turned to loss | turned to loss |
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 Essen Speciality Films' costs and profit?
Total expenses fell ₹10.98 crore or 26.9% to ₹29.80 crore from ₹40.78 crore in Q2 FY26. Cost of materials consumed was ₹17.38 crore, lower by ₹38.17 crore or 68.7%, employee cost was ₹5.33 crore, down ₹2.38 crore or 30.9%, depreciation was ₹0.97 crore, down ₹0.60 crore or 38.2%, and other expenses were ₹5.12 crore, down ₹3.66 crore or 41.7%. Finance costs were ₹0.51 crore, higher by ₹0.20 crore or 64.5%.
Other income was ₹0.05 crore, up ₹0.04 crore from ₹0.01 crore in Q2 FY26. There was no exceptional item in the quarter, as in the year-ago period. Tax moved from ₹2.39 crore to a deferred tax credit of ₹0.57 crore. Despite the lower expense base, the year-ago profit of ₹7.58 crore before tax became a loss of ₹0.85 crore, and net profit of ₹5.19 crore became a net loss of ₹0.28 crore. The filing does not state a reason for the revenue decline.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 17.38 | 55.55 | −38.17 | −68.7% |
| Employee cost | 5.33 | 7.71 | −2.38 | −30.9% |
| Finance costs | 0.51 | 0.31 | +0.20 | +64.5% |
| Depreciation | 0.97 | 1.57 | −0.60 | −38.2% |
| Other expenses | 5.12 | 8.78 | −3.66 | −41.7% |
| Total expenses | 29.80 | 40.78 | −10.98 | −26.9% |
| Other income | 0.05 | 0.01 | +0.04 | +400.0% |
| Tax | −0.57 | 2.39 | −2.96 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue was ₹60.56 crore, down ₹28.95 crore or 32.3% from ₹89.51 crore in H1 FY26, while total income was ₹61.22 crore, down ₹28.93 crore or 32.1% from ₹90.15 crore. The company said it is engaged in manufacturing plastic and home decor products.
Profit before tax moved from ₹9.86 crore in H1 FY26 to a loss of ₹1.21 crore in H1 FY27, a difference of ₹11.07 crore. Profit after tax fell ₹6.89 crore or 98.9% to ₹0.08 crore from ₹6.97 crore, and EPS was ₹0.03 compared with ₹2.80.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 60.56 | 89.51 | −32.3% |
| Profit before tax | −1.21 | 9.86 | turned to loss |
| Net profit | 0.08 | 6.97 | −98.9% |
| EPS (₹) | 0.03 | 2.80 | −98.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹236.65 crore as of 30 September 2026, against ₹207.09 crore at 31 March 2026. Total equity was ₹146.65 crore compared with ₹146.56 crore, while borrowings rose to ₹60.19 crore from ₹46.76 crore. Cash was ₹0.21 crore against ₹0.18 crore. Inventories were ₹92.16 crore against ₹88.98 crore, trade receivables ₹16.12 crore against ₹11.53 crore, and trade payables ₹23.76 crore against ₹7.35 crore.
For H1 FY27, operating cash flow was negative ₹1.26 crore, compared with negative ₹10.38 crore in H1 FY26. Investing cash flow was negative ₹11.04 crore against positive ₹4.77 crore, and financing cash flow was positive ₹12.32 crore against ₹8.22 crore. Capital expenditure was ₹14.83 crore in H1 FY27, compared with ₹6.15 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 236.65 | 207.09 |
| Total equity | 146.65 | 146.56 |
| Borrowings | 60.19 | 46.76 |
| Cash and equivalents | 0.21 | 0.18 |
| Inventories | 92.16 | 88.98 |
| Trade receivables | 16.12 | 11.53 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.26 | −10.38 |
| Cash from investing | −11.04 | 4.77 |
| Cash from financing | 12.32 | 8.22 |
| Capital expenditure | 14.83 | 6.15 |
Source: Company's results filing (XBRL).
How has Essen Speciality Films done over the last 7 quarters?
Revenue for Essen Speciality Films peaked at ₹48.35 crore in Q2 FY26 and has fallen in each of the three quarters since, reaching ₹28.91 crore in Q2 FY27. Over the same period, profit after tax moved from ₹5.19 crore in Q2 FY26 to a loss of ₹8.80 crore in Q4 FY26, then a profit of ₹0.36 crore in Q1 FY27 and a net loss of ₹0.28 crore in Q2 FY27.
The EBITDA margin peaked at 19.5% in Q2 FY26 and bottomed at -35.5% in Q4 FY26. It recovered to 1.8% in Q1 FY27 and edged up to 2.0% in Q2 FY27, while revenue stayed near its recent low. No consecutive-run streak is given for the series.
How did Essen Speciality Films shares react?
The filing appeared after market hours. From the previous close of ₹119.0, the stock fell 3.4% on the reaction day, and by the next day’s close it was down 7.8% from that pre-results close. By the fifth session, the decline was 12.7% from the same pre-results close. No reaction was recorded at 5, 15 or 30 minutes after the filing.
| After the filing | Stock |
|---|---|
| Reaction day | −3.4% |
| Next day | −7.8% |
| 5 days | −12.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
Quick answers
What was Essen Speciality Films' revenue in Q2 FY27?
Revenue from operations was ₹28.91 crore, down 40.2% from ₹48.35 crore in Q2 FY26 (standalone).
Did Essen Speciality Films make a profit in Q2 FY27?
No. It reported a net loss of ₹0.28 crore, against a net profit of ₹5.19 crore in Q2 FY26.
What was Essen Speciality Films' EPS in Q2 FY27?
Basic loss per share was ₹0.11, against ₹2.09 in Q2 FY26.
How did Essen Speciality Films shares react to the Q2 FY27 results?
On the reaction day the stock moved −3.4% from the previous close.
When did Essen Speciality Films announce its Q2 FY27 results?
On 20 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 20 October 2026) · PDF
- Outcome of Board Meeting (NSE, 6 November 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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