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FGP Q2 FY27 results: net loss of ₹0.20 crore vs ₹0.05 crore profit, revenue ₹0.52 crore vs ₹0.07 crore
FGP Limited reported standalone Q2 FY27 revenue of ₹0.52 crore, up 642.9% from ₹0.07 crore in Q2 FY26, but a net loss of ₹0.20 crore compared with net profit of ₹0.05 crore a year earlier. Total expenses rose to ₹0.74 crore from ₹0.30 crore, while other income fell to ₹0 crore from ₹0.28 crore; basic EPS was negative ₹0.17.
Key points
- Revenue rose 642.9% year on year to ₹0.52 crore in Q2 FY27, but fell 1.9% from ₹0.53 crore in Q1 FY27.
- FGP reported a net loss of ₹0.20 crore in Q2 FY27, against net profit of ₹0.05 crore in Q2 FY26 and ₹0.24 crore in Q1 FY27.
- Total expenses increased 146.7% year on year to ₹0.74 crore, while other income fell ₹0.28 crore to ₹0 crore.
- Basic EPS was negative ₹0.17, down ₹0.21 from ₹0.04 in Q2 FY26; no exceptional item was reported.
- In H1 FY27, revenue rose 707.7% to ₹1.05 crore, but PAT fell 87.5% to ₹0.04 crore from ₹0.32 crore.
How did FGP perform in Q2 FY27?
FGP Limited’s standalone Q2 FY27 revenue was ₹0.52 crore, up 642.9% from ₹0.07 crore in Q2 FY26. Total income was ₹0.52 crore against ₹0.35 crore, up 48.6%. Total expenses rose 146.7% to ₹0.74 crore, resulting in a loss before tax of ₹0.22 crore versus profit before tax of ₹0.05 crore. The company reported a net loss of ₹0.20 crore and basic EPS of negative ₹0.17.
Against Q1 FY27, revenue was ₹0.01 crore lower at ₹0.52 crore, while total income fell 42.9% to ₹0.52 crore from ₹0.91 crore. Total expenses increased 19.4% to ₹0.74 crore, producing a loss before tax of ₹0.22 crore compared with profit before tax of ₹0.30 crore. Net profit fell from ₹0.24 crore to a net loss of ₹0.20 crore, while basic EPS moved from ₹0.20 to negative ₹0.17.
The filing reports standalone results for the quarter ended 30 September 2026. EBITDA and EBITDA margin were not reported. The board approved the unaudited financial results and the limited review reports on 3 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.52 | 0.53 | 0.07 | +642.9% | −1.9% |
| Other income | 0 | 0.38 | 0.28 | ||
| Total expenses | 0.74 | 0.62 | 0.30 | +146.7% | +19.4% |
| Profit before tax | −0.22 | 0.30 | 0.05 | turned to loss | turned to loss |
| Tax | −0.01 | 0.05 | 0 | ||
| Net profit | −0.20 | 0.24 | 0.05 | turned to loss | turned to loss |
| EPS (₹) | −0.17 | 0.20 | 0.04 | 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 FGP's costs and profit?
Total expenses increased by ₹0.44 crore year on year to ₹0.74 crore. Other expenses rose ₹0.05 crore to ₹0.24 crore, while employee benefits expense fell ₹0.04 crore to ₹0.07 crore. Finance costs and depreciation were unchanged at ₹0 crore each, and there was no exceptional item. The filing does not state a reason for the year-on-year movement in expenses.
Other income fell ₹0.28 crore year on year to ₹0 crore. Tax moved lower by ₹0.01 crore, from ₹0 crore to a tax expense of ₹0.01 crore. Together with the higher total expenses, these figures show the change from profit before tax of ₹0.05 crore in Q2 FY26 to loss before tax of ₹0.22 crore in Q2 FY27.
From Q1 FY27, total expenses increased ₹0.12 crore, driven by other expenses rising ₹0.14 crore to ₹0.24 crore; employee benefits expense was unchanged at ₹0.07 crore. Other income fell ₹0.38 crore to ₹0 crore and tax moved lower by ₹0.06 crore, while finance costs and depreciation remained unchanged at ₹0 crore each. There was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.07 | 0.11 | −0.04 | −36.4% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.24 | 0.19 | +0.05 | +26.3% |
| Total expenses | 0.74 | 0.30 | +0.44 | +146.7% |
| Other income | 0 | 0.28 | −0.28 | |
| Tax | −0.01 | 0 | −0.01 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
Profit before tax fell 78.4% to ₹0.08 crore in H1 FY27 from ₹0.37 crore in H1 FY26. PAT fell 87.5% to ₹0.04 crore from ₹0.32 crore, and EPS declined 88.9% to ₹0.03 from ₹0.27. The results are standalone.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1.05 | 0.13 | +707.7% |
| Profit before tax | 0.08 | 0.37 | −78.4% |
| Net profit | 0.04 | 0.32 | −87.5% |
| EPS (₹) | 0.03 | 0.27 | −88.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets rose to ₹3.88 crore at 30 September 2026 from ₹3.79 crore at 31 March 2026. Total equity was ₹3.46 crore against ₹3.42 crore, while borrowings remained at ₹0 crore. Cash was ₹0.03 crore at both balance-sheet dates. Trade payables were ₹0.16 crore compared with ₹0.17 crore, and inventories and trade receivables were ₹0 crore at both dates.
For H1 FY27, net cash used in operating activities was ₹0.21 crore, compared with net cash generated of ₹0.47 crore in H1 FY26. Net cash used in investing activities was ₹0.79 crore against net cash generated of ₹0.17 crore. Financing cash flow was ₹0 crore in both periods, while capital expenditure was ₹0 crore against ₹0.01 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3.88 | 3.79 |
| Total equity | 3.46 | 3.42 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.03 | 0.03 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.21 | 0.47 |
| Cash from investing | −0.79 | 0.17 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0.01 |
Source: Company's results filing (XBRL).
How has FGP done over the last 8 quarters?
Revenue increased year on year in each of the last eight quarters. It peaked at ₹1.73 crore in Q4 FY26, then fell to ₹0.53 crore in Q1 FY27 and ₹0.52 crore in Q2 FY27. Profit moved from ₹0.24 crore in Q1 FY27 to a net loss of ₹0.20 crore in Q2 FY27.
Across the reported quarters, revenue was lowest at ₹0.06 crore in Q3 FY25 and Q4 FY25, while the highest quarterly loss was ₹0.29 crore in Q4 FY26. EBITDA margin was not reported for the trend periods, so the pattern cannot be compared on that measure.
Which businesses drove the quarter?
FGP reported two business segments for Q2 FY27. Business Centre generated revenue of ₹0.07 crore, with an EBIT margin of 4.1%. Commodity Trading generated revenue of ₹0.46 crore, with an EBIT margin of 0.8%.
Segment revenue and EBIT for the year-ago quarter were not provided, so year-on-year segment revenue growth and EBIT comparisons cannot be stated from the available filing data.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Business Centre | 0.07 | 0 | 4.1% | |
| Commodity Trading | 0.46 | 0 | 0.8% |
Source: Company's results filing (XBRL segment data).
How did FGP shares react?
After the after-market filing on 3 November 2026, FGP’s stock fell 1.7% on the reaction day from its pre-results close. By the next day’s close, the stock was down 6.9% from that pre-results close. The other NBFC stocks posted a median reaction-day move of 0.2% and a next-day move of 1.5%; FGP therefore underperformed the sector median by 1.9 percentage points on the reaction day and 8.4 percentage points by the next day’s close.
Earlier results-day reactions were mixed. FGP’s reaction-day move was 1.2% on 4 August 2026, 1.0% on 29 April 2026, 3.2% on 29 January 2026, 3.8% on 13 October 2025 and 4.4% on 1 August 2025. Earlier reaction-day moves were negative 1.0% on 9 May 2025 and positive 4.9% on both 18 October 2024 and 26 July 2024.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| Reaction day | −1.7% | +0.2% |
| Next day | −6.9% | +1.5% |
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 |
|---|---|
| 4 August 2026 | +1.2% |
| 29 April 2026 | +1.0% |
| 29 January 2026 | +3.2% |
| 13 October 2025 | +3.8% |
| 1 August 2025 | +4.4% |
| 9 May 2025 | −1.0% |
| 18 October 2024 | +4.9% |
| 26 July 2024 | +4.9% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Among 93 NBFC companies compared for revenue growth, the peer median was 22.7%. Ninety peers grew slower than FGP and three grew faster than FGP, based on the revenue-growth comparison for the quarter.
Of the 106 peers with a profit comparison, 72 reported higher profit. The peer figures were available as of 6 November 2026, while FGP’s results were announced on 3 November 2026.
| FGP revenue growth (YoY) | +642.9% |
|---|---|
| Median of 93 other Non Banking Financial Company (NBFC) companies | +22.7% |
| Companies with slower revenue growth than FGP | 90 of 93 |
| Companies with faster revenue growth than FGP | 3 of 93 |
| Companies whose net profit rose | 72 of 106 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was FGP's revenue in Q2 FY27?
Revenue from operations was ₹0.52 crore, up 642.9% from ₹0.07 crore in Q2 FY26 (standalone).
Did FGP make a profit in Q2 FY27?
No. It reported a net loss of ₹0.20 crore, against a net profit of ₹0.05 crore in Q2 FY26.
What was FGP's EPS in Q2 FY27?
Basic loss per share was ₹0.17, against ₹0.04 in Q2 FY26.
How did FGP shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.7% from the previous close; the median Non Banking Financial Company (NBFC) stock moved +0.2%.
When did FGP announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held On November 03, 2026 (BSE, 3 November 2026) · PDF
- Unaudited Financial Results Q2 FY 2026-27 (BSE, 3 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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