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Indo Cotspin Q2 FY27 results: net profit ₹0.09 crore vs ₹0.01 crore, revenue down 63.3%
Indo Cotspin Limited reported standalone revenue of ₹2.42 crore in Q2 FY27, down 63.3% from Q2 FY26 but up 21.0% from Q1 FY27. Net profit was ₹0.09 crore and basic EPS was ₹0.13, while EBITDA margin improved to 5.5%.
Key points
- Standalone Q2 FY27 revenue was ₹2.42 crore, down 63.3% from Q2 FY26 but up 21.0% from Q1 FY27.
- EBITDA was ₹0.13 crore in Q2 FY27, with margin at 5.5%, compared with 2.2% in Q2 FY26 and 5.3% in Q1 FY27.
- Net profit was ₹0.09 crore in Q2 FY27, compared with ₹0.01 crore in Q2 FY26 and ₹0.01 crore in Q1 FY27 after tax.
- H1 FY27 revenue was ₹4.43 crore, down 47.9% from H1 FY26, while PAT was ₹0.09 crore against ₹0.01 crore.
- Total assets were ₹20.51 crore on 30 September 2026, up from ₹11.38 crore on 31 March 2026.
How did Indo Cotspin perform in Q2 FY27?
Indo Cotspin reported standalone revenue of ₹2.42 crore in Q2 FY27, down 63.3% from ₹6.59 crore in Q2 FY26 and up 21.0% from ₹2 crore in Q1 FY27. Total income was ₹2.51 crore, down 62.0% year on year and up 24.9% sequentially. The figures relate to the standalone results for the July–September 2026 quarter; the company also filed consolidated results.
EBITDA was ₹0.13 crore, down 13.3% from ₹0.15 crore a year earlier and up 18.2% from ₹0.11 crore in the previous quarter. EBITDA margin rose to 5.5% from 2.2% in Q2 FY26 and increased marginally from 5.3% in Q1 FY27. PAT was ₹0.09 crore, against ₹0.01 crore in both comparison quarters, while basic EPS was ₹0.13 compared with ₹0.01 in each.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2.42 | 2 | 6.59 | −63.3% | +21.0% |
| Other income | 0.08 | 0.01 | 0 | +700.0% | |
| Total expenses | 2.41 | 2 | 6.58 | −63.4% | +20.5% |
| EBITDA | 0.13 | 0.11 | 0.15 | −13.3% | +18.2% |
| EBITDA margin | 5.5% | 5.3% | 2.2% | +3.3 pp | +0.2 pp |
| Profit before tax | 0.10 | 0.01 | 0.01 | +900.0% | +900.0% |
| Tax | 0.01 | 0 | 0.01 | +0.0% | |
| Net profit | 0.09 | 0 | 0.01 | +800.0% | |
| EPS (₹) | 0.13 | 0.01 | 0.01 | +1200.0% | +1200.0% |
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 Indo Cotspin's costs and profit?
Against Q2 FY26, total expenses fell 63.4% to ₹2.41 crore from ₹6.58 crore, despite higher costs of materials and employee expenses. Cost of materials rose 16.7% by ₹0.34 crore to ₹2.38 crore, and employee cost rose 833.3% by ₹0.25 crore to ₹0.28 crore. Finance costs were ₹0.02 crore, up ₹0.01 crore, while depreciation fell 16.7% by ₹0.02 crore to ₹0.10 crore.
Other expenses declined 45.0% by ₹0.27 crore to ₹0.33 crore, and other income was ₹0.08 crore against ₹0 crore in Q2 FY26. There was no exceptional item. Tax was unchanged at ₹0.01 crore. PBT was ₹0.10 crore, up ₹0.09 crore from Q2 FY26, and PAT margin increased to 3.7% from 0.1%.
Sequentially, total expenses rose 20.5% by ₹0.41 crore to ₹2.41 crore. Cost of materials and employee cost each increased by ₹1.17 crore and ₹0.25 crore, respectively, while other expenses rose ₹0.07 crore and other income increased ₹0.07 crore. Finance costs rose by ₹0.01 crore, depreciation was unchanged, and tax was ₹0.01 crore. PBT rose by ₹0.09 crore and PAT by ₹0.09 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 2.38 | 2.04 | +0.34 | +16.7% |
| Employee cost | 0.28 | 0.03 | +0.25 | +833.3% |
| Finance costs | 0.02 | 0.01 | +0.01 | +100.0% |
| Depreciation | 0.10 | 0.12 | −0.02 | −16.7% |
| Other expenses | 0.33 | 0.60 | −0.27 | −45.0% |
| Total expenses | 2.41 | 6.58 | −4.17 | −63.4% |
| Other income | 0.08 | 0 | +0.08 | |
| Tax | 0.01 | 0.01 | 0 | +0.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue was ₹4.43 crore, down 47.9% from ₹8.5 crore in H1 FY26. Total income was ₹4.52 crore, down 46.9% from ₹8.51 crore, while total expenses fell from ₹6.58 crore to ₹2.41 crore in the quarterly comparison data available for the filing.
Profit before tax increased by ₹0.09 crore to ₹0.11 crore from ₹0.02 crore in H1 FY26, and PAT increased by ₹0.08 crore to ₹0.09 crore from ₹0.01 crore. Basic EPS rose by ₹0.11 to ₹0.14 from ₹0.03, while the H1 FY27 standalone results were approved by the board on 17 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 4.43 | 8.50 | −47.9% |
| Profit before tax | 0.11 | 0.02 | +450.0% |
| Net profit | 0.09 | 0.01 | +800.0% |
| EPS (₹) | 0.14 | 0.03 | +366.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹20.51 crore on 30 September 2026 from ₹11.38 crore on 31 March 2026. Total equity was ₹7.34 crore against ₹7.24 crore, while borrowings rose to ₹2.71 crore from ₹0.68 crore and cash fell to ₹0.02 crore from ₹0.05 crore. Inventories increased to ₹4.57 crore from ₹0.78 crore, trade receivables to ₹2.91 crore from ₹1.97 crore, and trade payables were ₹3.46 crore against ₹3.4 crore.
H1 FY27 operating cash flow was negative ₹4.08 crore, compared with negative ₹1.64 crore in H1 FY26. Investing cash flow was positive ₹0.85 crore against negative ₹0.61 crore, while financing cash flow was positive ₹2.26 crore compared with positive ₹2 crore. Capital expenditure was ₹0.03 crore in H1 FY27, against ₹0.52 crore a year earlier. The standalone balance sheet was unaudited at 30 September 2026.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 20.51 | 11.38 |
| Total equity | 7.34 | 7.24 |
| Borrowings | 2.71 | 0.68 |
| Cash and equivalents | 0.02 | 0.05 |
| Inventories | 4.57 | 0.78 |
| Trade receivables | 2.91 | 1.97 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −4.08 | −1.64 |
| Cash from investing | 0.85 | −0.61 |
| Cash from financing | 2.26 | 2 |
| Capital expenditure | 0.03 | 0.52 |
Source: Company's results filing (XBRL).
How has Indo Cotspin done over the last 8 quarters?
Revenue has moved unevenly over the last eight quarters, reaching ₹10.26 crore in Q3 FY25 and falling to ₹1.91 crore in Q1 FY26. It later rose to ₹10.14 crore in Q3 FY26 before declining to ₹5.97 crore in Q4 FY26 and ₹2 crore in Q1 FY27. Revenue increased to ₹2.42 crore in Q2 FY27.
PAT was highest in the latest quarter at ₹0.09 crore, compared with ₹0.05 crore in Q3 FY25 and ₹0.01 crore in Q2 FY26. Losses were reported in Q4 FY25 and Q4 FY26, each at ₹0.03 crore. EBITDA margin bottomed at 1.6% in Q3 FY26, reached 5.3% in Q1 FY27 and increased to 5.5% in Q2 FY27, the highest margin in the series.
How did Indo Cotspin shares react?
The stock was unchanged at 5, 15 and 30 minutes after the filing appeared after market hours. On the reaction day, it fell 9.5% from its pre-results close, compared with a 0.7% median decline for the industry’s other stocks. By the next day’s close, it was down 5.2% from the pre-results close, versus a 3.2% industry median decline.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | −9.5% | −0.7% |
| Next day | −5.2% | −3.2% |
| 5 days | +5.7% | −4.4% |
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 |
|---|---|
| 18 July 2026 | +5.0% |
| 12 May 2026 | +5.5% |
| 23 January 2026 | −9.0% |
| 6 October 2025 | −1.7% |
| 18 July 2025 | −3.6% |
| 24 May 2025 | −1.5% |
| 25 October 2024 | +2.0% |
| 12 July 2024 | +3.6% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 other Other Textile Products companies compared for this quarter, the median revenue growth was 24.1%. Indo Cotspin’s revenue declined 63.3%, with 58 peers growing faster than the company and 3 peers growing more slowly. Of the 64 peers for which profit was compared, 43 reported higher profit.
| Indo Cotspin revenue growth (YoY) | −63.3% |
|---|---|
| Median of 61 other Other Textile Products companies | +24.1% |
| Companies with slower revenue growth than Indo Cotspin | 3 of 61 |
| Companies with faster revenue growth than Indo Cotspin | 58 of 61 |
| Companies whose net profit rose | 43 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Indo Cotspin's revenue in Q2 FY27?
Revenue from operations was ₹2.42 crore, down 63.3% from ₹6.59 crore in Q2 FY26 (standalone).
Did Indo Cotspin make a profit in Q2 FY27?
Yes. Net profit was ₹0.09 crore, against a net profit of ₹0.01 crore in Q2 FY26.
What was Indo Cotspin's EPS in Q2 FY27?
Basic earnings per share were ₹0.13, against ₹0.01 in Q2 FY26.
How did Indo Cotspin shares react to the Q2 FY27 results?
On the reaction day the stock moved −9.5% from the previous close; the median Other Textile Products stock moved −0.7%.
When did Indo Cotspin announce its Q2 FY27 results?
On 17 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for For Approving Standalone Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 10 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 17Th October 2026 (BSE, 17 October 2026) · PDF
- Standalone Financial Results For Quarter And Half Year Ended On 30Th September 2026 (BSE, 17 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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