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Exxaro Tiles Q2 FY27 results: net profit up 155.8% to ₹3.07 crore, revenue up 62.6%
Exxaro Tiles Limited reported consolidated revenue of ₹112.14 crore and a net profit of ₹3.07 crore for Q2 FY27. Revenue rose 62.6% from Q2 FY26 and 31.6% from Q1 FY27, while basic EPS was ₹0.07; EBITDA margin declined to 7.8% from 9.2% a year earlier.
Key points
- Consolidated revenue was ₹112.14 crore in Q2 FY27, up 62.6% from ₹68.96 crore in Q2 FY26 and 31.6% from ₹85.22 crore in Q1 FY27.
- EBITDA was ₹8.71 crore, up 36.9% from Q2 FY26 and 25.0% from Q1 FY27, while EBITDA margin fell 1.4 percentage points year on year to 7.8%.
- Net profit was ₹3.07 crore, compared with ₹1.20 crore in Q2 FY26 and ₹2.07 crore in Q1 FY27; basic EPS was ₹0.07.
- H1 FY27 revenue was ₹197.36 crore, up 47.4% from H1 FY26, while net profit rose 155.7% to ₹5.14 crore.
- Total assets rose to ₹515.52 crore from ₹488.04 crore, while borrowings increased to ₹112.12 crore from ₹90.31 crore.
How did Exxaro Tiles perform in Q2 FY27?
Exxaro Tiles reported consolidated revenue of ₹112.14 crore in Q2 FY27, compared with ₹68.96 crore in Q2 FY26 and ₹85.22 crore in Q1 FY27. The quarter’s revenue rose 62.6% from the year-ago quarter and 31.6% from the previous quarter. Total income was ₹112.28 crore, against ₹69.16 crore and ₹85.98 crore, respectively.
EBITDA rose to ₹8.71 crore from ₹6.36 crore in Q2 FY26 and ₹6.97 crore in Q1 FY27, but the EBITDA margin declined to 7.8% from 9.2% and 8.2%. Profit before tax was ₹3.44 crore, while net profit was ₹3.07 crore and basic EPS was ₹0.07. On a standalone basis, revenue was ₹91.18 crore and net profit was ₹1.88 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 112.14 | 85.22 | 68.96 | +62.6% | +31.6% |
| Other income | 0.14 | 0.75 | 0.20 | −30.0% | −81.3% |
| Total expenses | 108.84 | 83.40 | 67.60 | +61.0% | +30.5% |
| EBITDA | 8.71 | 6.97 | 6.36 | +36.9% | +25.0% |
| EBITDA margin | 7.8% | 8.2% | 9.2% | −1.4 pp | −0.4 pp |
| Profit before tax | 3.44 | 2.58 | 1.56 | +120.5% | +33.3% |
| Tax | 0.38 | 0.50 | 0.37 | +2.7% | −24.0% |
| Net profit | 3.07 | 2.07 | 1.20 | +155.8% | +48.3% |
| EPS (₹) | 0.07 | 0.05 | 0.03 | +133.3% | +40.0% |
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 Exxaro Tiles' costs and profit?
Total expenses increased by ₹41.24 crore from Q2 FY26 to ₹108.84 crore, mainly alongside higher cost of materials and other expenses. Cost of materials rose ₹10.66 crore to ₹25.55 crore, other expenses increased ₹8.97 crore to ₹40.74 crore, and finance costs and depreciation rose ₹0.13 crore and ₹0.27 crore, respectively. Employee cost fell ₹1.19 crore to ₹6.46 crore.
Other income declined ₹0.06 crore from Q2 FY26 to ₹0.14 crore, while tax was ₹0.38 crore compared with ₹0.37 crore. There was no exceptional item in either quarter. Profit before tax rose ₹1.88 crore to ₹3.44 crore, and net profit increased ₹1.87 crore to ₹3.07 crore; net profit margin was 2.7%, up 1.0 percentage point from 1.7%.
Against Q1 FY27, total expenses rose ₹25.44 crore to ₹108.84 crore as cost of materials increased ₹0.53 crore and employee cost rose ₹0.27 crore. Other expenses fell ₹2.21 crore to ₹40.74 crore, while other income declined ₹0.61 crore to ₹0.14 crore. Tax fell ₹0.12 crore to ₹0.38 crore, and net profit rose ₹1 crore to ₹3.07 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 25.55 | 14.89 | +10.66 | +71.6% |
| Employee cost | 6.46 | 7.65 | −1.19 | −15.6% |
| Finance costs | 2.72 | 2.59 | +0.13 | +5.0% |
| Depreciation | 2.68 | 2.41 | +0.27 | +11.2% |
| Other expenses | 40.74 | 31.77 | +8.97 | +28.2% |
| Total expenses | 108.84 | 67.60 | +41.24 | +61.0% |
| Other income | 0.14 | 0.20 | −0.06 | −30.0% |
| Tax | 0.38 | 0.37 | +0.01 | +2.7% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹197.36 crore, up 47.4% from ₹133.89 crore in H1 FY26. Total income increased 47.8% to ₹198.26 crore from ₹134.13 crore. Profit before tax rose 126.3% to ₹6.02 crore from ₹2.66 crore.
Net profit for H1 FY27 was ₹5.14 crore, compared with ₹2.01 crore in H1 FY26, an increase of 155.7%. EPS rose to ₹0.11 from ₹0.04. The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 197.36 | 133.89 | +47.4% |
| Profit before tax | 6.02 | 2.66 | +126.3% |
| Net profit | 5.14 | 2.01 | +155.7% |
| EPS (₹) | 0.11 | 0.04 | +175.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹515.52 crore on 30 September 2026 from ₹488.04 crore on 31 March 2026. Total equity rose to ₹284.89 crore from ₹279.71 crore, while borrowings increased to ₹112.12 crore from ₹90.31 crore. Cash fell to ₹1.44 crore from ₹1.9 crore.
Inventories declined to ₹149.99 crore from ₹157.31 crore, trade receivables increased to ₹123.36 crore from ₹102.35 crore, and trade payables fell to ₹88.45 crore from ₹90.04 crore. In H1 FY27, operating cash flow was ₹12.05 crore, against ₹15.0 crore in H1 FY26.
Investing cash flow was an outflow of ₹25.95 crore in H1 FY27, compared with an outflow of ₹6.95 crore in H1 FY26. Financing cash flow was an inflow of ₹13.46 crore, against an outflow of ₹9.14 crore. Capital expenditure was ₹25.57 crore, compared with ₹7.05 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 515.52 | 488.04 |
| Total equity | 284.89 | 279.71 |
| Borrowings | 112.12 | 90.31 |
| Cash and equivalents | 1.44 | 1.90 |
| Inventories | 149.99 | 157.31 |
| Trade receivables | 123.36 | 102.35 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 12.05 | 15 |
| Cash from investing | −25.95 | −6.95 |
| Cash from financing | 13.46 | −9.14 |
| Capital expenditure | 25.57 | 7.05 |
Source: Company's results filing (XBRL).
How has Exxaro Tiles done over the last 8 quarters?
Revenue rose in each of the last three quarters on a year-on-year basis and increased to ₹112.14 crore in Q2 FY27 from ₹71.11 crore in Q3 FY26. The latest quarter was below the ₹99.9 crore recorded in Q4 FY26? No: Q2 FY27 was above it. Revenue peaked at ₹112.14 crore in the reported period and had bottomed at ₹64.93 crore in Q1 FY26.
Net profit rose year on year in each of the last two quarters, reaching ₹3.07 crore in Q2 FY27 from ₹1.20 crore in Q2 FY26. Profit had bottomed at ₹0.2 crore in Q4 FY26 and later recovered to ₹2.07 crore in Q1 FY27. EBITDA margin moved in the opposite direction at the latest reading, falling to 7.8% from 8.2% in the preceding quarter.
How did Exxaro Tiles shares react?
After the filing appeared after market hours, the stock moved up 0.2% in the first five minutes, down 0.5% after 15 minutes and down 1.8% after 30 minutes. From the previous close of ₹6.13, the reaction-day close was 2.0% higher at a base price of ₹6.28. By the next day's close, the stock was up 2.4% from its pre-results close.
Earlier results-day moves were mixed: the stock fell 1.5% on 25 July 2026, rose 1.5% on 5 May 2026 and fell 3.4% on 14 February 2026. Earlier reaction-day declines included 5.8% on 8 November 2025 and 6.0% on 12 November 2024, while it rose 20.5% on 24 May 2025.
| After the filing | Stock | Ceramics median |
|---|---|---|
| 5 minutes | +0.2% | |
| 15 minutes | −0.5% | |
| 30 minutes | −1.8% | |
| Reaction day | +2.0% | +1.3% |
| Next day | +2.4% | +2.2% |
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 |
|---|---|
| 25 July 2026 | −1.5% |
| 5 May 2026 | +1.5% |
| 14 February 2026 | −3.4% |
| 8 November 2025 | −5.8% |
| 2 August 2025 | −2.7% |
| 24 May 2025 | +20.5% |
| 8 February 2025 | −0.2% |
| 12 November 2024 | −6.0% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Exxaro Tiles' revenue in Q2 FY27?
Revenue from operations was ₹112.14 crore, up 62.6% from ₹68.96 crore in Q2 FY26 (consolidated).
Did Exxaro Tiles make a profit in Q2 FY27?
Yes. Net profit was ₹3.07 crore, against a net profit of ₹1.20 crore in Q2 FY26.
What was Exxaro Tiles' EPS in Q2 FY27?
Basic earnings per share were ₹0.07, against ₹0.03 in Q2 FY26.
How did Exxaro Tiles shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.0% from the previous close; the median Ceramics stock moved +1.3%.
When did Exxaro Tiles announce its Q2 FY27 results?
On 31 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Meeting Of The Board Of Directors Of The Company Is Scheduled To Be Held On Saturday, 31St October, 2026, To Consider And Approve Standalone And Consolidated Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2026. (BSE, 24 October 2026) · PDF
- Outcome of Board Meeting (NSE, 31 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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