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Frontline Corporation Q2 FY27 results: net loss of ₹0.15 crore, revenue up 18.4%
Frontline Corporation Ltd reported standalone revenue of ₹30.63 crore in Q2 FY27, up 18.4% from ₹25.86 crore in Q2 FY26. The company posted an EBITDA loss of ₹0.51 crore and a net loss of ₹0.15 crore, compared with profit in the year-ago quarter.
Key points
- Revenue was ₹30.63 crore in Q2 FY27, up 18.4% from ₹25.86 crore in Q2 FY26 and 8.1% from ₹28.34 crore in Q1 FY27.
- EBITDA was a loss of ₹0.51 crore, against EBITDA of ₹0.11 crore in Q2 FY26 and ₹1 crore in Q1 FY27.
- EBITDA margin was -1.7% in Q2 FY27, compared with 0.4% in Q2 FY26 and 3.5% in Q1 FY27.
- The company reported a net loss of ₹0.15 crore and basic EPS of -₹0.30, against basic EPS of ₹1.10 in Q2 FY26.
- H1 FY27 revenue was ₹58.97 crore, while profit before tax was ₹1.87 crore and basic EPS was ₹1.29.
How did Frontline Corporation perform in Q2 FY27?
Frontline Corporation reported standalone revenue of ₹30.63 crore for Q2 FY27, up ₹4.77 crore or 18.4% from ₹25.86 crore in Q2 FY26. Revenue also rose ₹2.29 crore or 8.1% from ₹28.34 crore in Q1 FY27. These are standalone figures, and the results were unaudited.
EBITDA moved to a loss of ₹0.51 crore from ₹0.11 crore in Q2 FY26 and ₹1 crore in Q1 FY27. The EBITDA margin was -1.7%, down from 0.4% and 3.5%, respectively. Profit before tax was ₹0.84 crore, compared with ₹0.72 crore in Q2 FY26 and ₹1.02 crore in Q1 FY27.
Frontline Corporation reported a net loss of ₹0.15 crore and basic EPS of -₹0.30 for Q2 FY27. Basic EPS was ₹1.10 in Q2 FY26 and ₹1.59 in Q1 FY27, while the year-ago net profit figure was not available in the facts.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 30.63 | 28.34 | 25.86 | +18.4% | +8.1% |
| Other income | 2.09 | 0.78 | 0.81 | +158.0% | +167.9% |
| Total expenses | 31.88 | 28.10 | 25.94 | +22.9% | +13.5% |
| EBITDA | −0.51 | 1 | 0.11 | turned to loss | turned to loss |
| EBITDA margin | -1.7% | 3.5% | 0.4% | −2.1 pp | −5.2 pp |
| Profit before tax | 0.84 | 1.02 | 0.72 | +16.7% | −17.6% |
| Tax | 0.99 | 0.23 | 0.17 | +482.4% | +330.4% |
| Net profit | −0.15 | 0.79 | turned to loss | ||
| EPS (₹) | −0.30 | 1.59 | 1.10 | 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 Frontline Corporation's costs and profit?
Total expenses were ₹31.88 crore in Q2 FY27, up ₹5.94 crore or 22.9% from ₹25.94 crore in the year-ago quarter. Other expenses increased ₹1.71 crore or 27.7% to ₹7.89 crore, while employee cost fell ₹0.02 crore or 1.3% to ₹1.58 crore and finance costs fell ₹0.02 crore or 10.0% to ₹0.18 crore.
Other income was ₹2.09 crore in Q2 FY27, up ₹1.28 crore or 158.0% from ₹0.81 crore in Q2 FY26. The company reported no exceptional item. Tax expense was ₹0.99 crore, up ₹0.82 crore or 482.4% from ₹0.17 crore, while profit before tax rose ₹0.12 crore or 16.7% to ₹0.84 crore.
The available figures show higher revenue and other income alongside higher total expenses, other expenses and tax. The filings reviewed do not state the reasons for the changes in operating costs, other income or tax.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 1.58 | 1.60 | −0.02 | −1.3% |
| Finance costs | 0.18 | 0.20 | −0.02 | −10.0% |
| Other expenses | 7.89 | 6.18 | +1.71 | +27.7% |
| Total expenses | 31.88 | 25.94 | +5.94 | +22.9% |
| Other income | 2.09 | 0.81 | +1.28 | +158.0% |
| Tax | 0.99 | 0.17 | +0.82 | +482.4% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Frontline Corporation reported standalone revenue of ₹58.97 crore, up ₹1.63 crore or 2.8% from ₹57.34 crore in H1 FY26. Total income rose ₹2.96 crore or 5.0% to ₹61.84 crore from ₹58.88 crore.
Profit before tax for H1 FY27 was ₹1.87 crore, up ₹0.40 crore or 27.2% from ₹1.47 crore in H1 FY26. Basic EPS fell ₹0.96 or 42.7% to ₹1.29 from ₹2.25. The H1 FY26 net profit figure was not provided in the facts, so the change in profit after tax is not stated.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 58.97 | 57.34 | +2.8% |
| Profit before tax | 1.87 | 1.47 | +27.2% |
| Net profit | 0.64 | ||
| EPS (₹) | 1.29 | 2.25 | −42.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹85.06 crore, compared with ₹85.03 crore at 31 March 2026. Total equity was ₹18.53 crore, up from ₹17.86 crore, while borrowings were ₹56.02 crore, compared with ₹55.22 crore. Cash and cash equivalents rose to ₹5.05 crore from ₹1.06 crore.
Inventories were ₹11.38 crore at 30 September 2026, compared with ₹12.71 crore at 31 March 2026. Trade receivables were ₹12.13 crore against ₹11.27 crore, and trade payables were ₹6.31 crore against ₹8.06 crore. The statement of assets and liabilities was included in the filing dated 5 November 2026.
H1 FY27 operating cash flow was ₹1.81 crore, compared with ₹4.11 crore in H1 FY26. Investing cash flow was ₹1.75 crore, compared with ₹0.0 crore, while financing cash flow was ₹0.42 crore against ₹0.0 crore. Capital expenditure was ₹0.26 crore in H1 FY27, compared with ₹0.0 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 85.06 | 85.03 |
| Total equity | 18.53 | 17.86 |
| Borrowings | 56.02 | 55.22 |
| Cash and equivalents | 5.05 | 1.06 |
| Inventories | 11.38 | 12.71 |
| Trade receivables | 12.13 | 11.27 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 1.81 | 4.11 |
| Cash from investing | 1.75 | 0 |
| Cash from financing | 0.42 | 0 |
| Capital expenditure | 0.26 | 0 |
Source: Company's results filing (XBRL).
How has Frontline Corporation done over the last 8 quarters?
Revenue reached its highest level in the reported series at ₹33.05 crore in Q4 FY26 and fell to ₹28.34 crore in Q1 FY27 before rising to ₹30.63 crore in Q2 FY27. The lowest revenue shown was ₹24.86 crore in Q1 FY25, so the latest result was above the earlier low but below the Q4 FY26 peak.
PAT was ₹0.91 crore in Q2 FY25, the highest reported quarterly PAT, and reached its lowest point in Q2 FY27 at a loss of ₹0.15 crore. EBITDA margin was highest at 3.5% in Q1 FY27 and lowest at -1.7% in Q2 FY27, after being 0.4% in Q2 FY26.
The direction of revenue changed to higher in the latest quarter, but profit and EBITDA margin moved lower: PAT was ₹0.79 crore in Q1 FY27 before the loss in Q2 FY27, while the margin fell from 3.5% to -1.7%. No streak information was provided.
Which businesses drove the quarter?
Transportation reported revenue of ₹7.1 crore and EBIT of ₹0.2 crore, with an EBIT margin of 2.8%. Trading reported revenue of ₹12.08 crore and EBIT of ₹0.23 crore, with an EBIT margin of 1.9%. The filing does not provide comparable year-ago revenue or EBIT figures for these segments.
Wind Energy reported revenue of ₹0.59 crore and EBIT of ₹0.3 crore, with an EBIT margin of 51.2%. Renting of Immovable Properties reported revenue of ₹0.29 crore and EBIT of ₹0.22 crore, with an EBIT margin of 74.8%. Petrol Pump reported revenue of ₹10.06 crore and EBIT of -₹0.38 crore, with an EBIT margin of -3.8%.
Other Income reported revenue of ₹2.6 crore and EBIT of ₹0.46 crore, with an EBIT margin of 17.6%. Comparable year-ago segment figures were not provided, so segment growth rates cannot be stated.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| A) Transportation | 7.10 | 0.20 | 2.8% | |
| B) Trading | 12.08 | 0.23 | 1.9% | |
| C) Wind Energy | 0.59 | 0.30 | 51.2% | |
| D) Renting of Immovable Properties | 0.29 | 0.22 | 74.8% | |
| E) Petrol Pump | 10.06 | −0.38 | -3.8% | |
| F) Other Income | 2.60 | 0.46 | 17.6% |
Source: Company's results filing (XBRL segment data).
Quick answers
What was Frontline Corporation's revenue in Q2 FY27?
Revenue from operations was ₹30.63 crore, up 18.4% from ₹25.86 crore in Q2 FY26 (standalone).
Did Frontline Corporation make a profit in Q2 FY27?
No. It reported a net loss of ₹0.15 crore.
What was Frontline Corporation's EPS in Q2 FY27?
Basic loss per share was ₹0.30, against ₹1.10 in Q2 FY26.
When did Frontline Corporation announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting To Be Held On 5Th November 2026 For Declaration Of Results For Quarter Ended On 30Th September 2026 (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Unaudited Standalone Financial Results For The Quarter And Half Year Ended On 30-09-2026 (BSE, 5 November 2026) · PDF
- Unaudited Financial Results For The 2Nd Quarter And Half Year Ended On 30-09-2026 (BSE, 5 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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