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Indus Finance Q2 FY27 results: net profit up 12.5% to ₹0.09 crore, revenue up 21.9%
Indus Finance Ltd reported standalone revenue of ₹1.28 crore for Q2 FY27, up 21.9% from ₹1.05 crore in the year-ago quarter. Net profit was ₹0.09 crore against ₹0.08 crore a year earlier, but fell 88.0% from ₹0.75 crore in Q1 FY27 as total expenses rose to ₹1.07 crore.
Key points
- Revenue was ₹1.28 crore in Q2 FY27, up ₹0.23 crore or 21.9% from ₹1.05 crore in Q2 FY26
- Net profit was ₹0.09 crore, up ₹0.01 crore or 12.5% from ₹0.08 crore a year ago
- Against Q1 FY27, revenue fell ₹0.27 crore or 17.4% and net profit fell ₹0.66 crore or 88.0%
- Basic EPS was ₹0.10 in Q2 FY27, against ₹0.09 in Q2 FY26 and ₹0.81 in Q1 FY27
- For H1 FY27, revenue was ₹2.79 crore and net profit was ₹0.84 crore, against ₹2.17 crore and ₹0.26 crore in H1 FY26
How did Indus Finance perform in Q2 FY27?
Indus Finance reported standalone revenue of ₹1.28 crore for the quarter ended 30 September 2026, up 21.9% from ₹1.05 crore in Q2 FY26 and down 17.4% from ₹1.55 crore in Q1 FY27. The filing presents figures on a standalone basis under Ind AS, and the results were reviewed by the statutory auditors and approved by the board on 14 October 2026.
Profit before tax was ₹0.09 crore and net profit was ₹0.09 crore, against ₹0.08 crore each in Q2 FY26 and ₹0.75 crore each in Q1 FY27. Basic EPS was ₹0.10, compared with ₹0.09 in the year-ago quarter and ₹0.81 in the previous quarter. Net profit margin was 7.0%, lower than 7.9% a year earlier and 48.7% in Q1 FY27. EBITDA and EBITDA margin were not reported.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1.28 | 1.55 | 1.05 | +21.9% | −17.4% |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 1.07 | 0.67 | 0.85 | +25.9% | +59.7% |
| Profit before tax | 0.09 | 0.75 | 0.08 | +12.5% | −88.0% |
| Tax | 0 | 0 | 0 | ||
| Net profit | 0.09 | 0.75 | 0.08 | +12.5% | −88.0% |
| EPS (₹) | 0.10 | 0.81 | 0.09 | +11.1% | −87.7% |
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 Indus Finance's costs and profit?
Total expenses rose ₹0.22 crore or 25.9% to ₹1.07 crore from ₹0.85 crore in Q2 FY26, against revenue that rose ₹0.23 crore or 21.9%. Employee cost was ₹0.37 crore, up ₹0.16 crore or 76.2%, and other expenses were ₹0.24 crore, up ₹0.08 crore or 50.0%. Finance costs fell ₹0.21 crore or 44.7% to ₹0.26 crore.
The filing records a net loss on fair value changes of ₹18.10 lakh in the quarter, against no such charge in the year-ago quarter, and ₹4.34 lakh of profit on sale of investments against nil a year earlier. An exceptional item of ₹0.12 crore was recorded in Q2 FY27, and tax expense was ₹0.00 crore. Against Q1 FY27, total expenses rose ₹0.40 crore or 59.7% and employee cost rose ₹0.19 crore or 105.6%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.37 | 0.21 | +0.16 | +76.2% |
| Finance costs | 0.26 | 0.47 | −0.21 | −44.7% |
| Depreciation | 0.01 | 0.01 | 0 | +0.0% |
| Other expenses | 0.24 | 0.16 | +0.08 | +50.0% |
| Total expenses | 1.07 | 0.85 | +0.22 | +25.9% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | |
| Exceptional items | −0.12 (charge) | −0.12 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, Indus Finance reported standalone revenue of ₹2.79 crore, up ₹0.62 crore or 28.6% from ₹2.17 crore in H1 FY26. Profit before tax and net profit were ₹0.84 crore each, up ₹0.58 crore or 223.1% from ₹0.26 crore each in the year-ago period.
Basic EPS for H1 FY27 was ₹0.91, against ₹0.28 in H1 FY26. Interest income for the half year was ₹274.57 lakh compared with ₹213.12 lakh, finance costs were ₹57.23 lakh against ₹93.83 lakh, and employee benefits were ₹55.44 lakh against ₹38.66 lakh. The half-year exceptional item was ₹24.04 lakh and tax expense was ₹0.00 crore.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 2.79 | 2.17 | +28.6% |
| Profit before tax | 0.84 | 0.26 | +223.1% |
| Net profit | 0.84 | 0.26 | +223.1% |
| EPS (₹) | 0.91 | 0.28 | +225.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹39.24 crore as at 30 September 2026, against ₹34.50 crore as at 31 March 2026. Total equity was ₹23.28 crore compared with ₹22.97 crore. Borrowings were ₹1,574.97 lakh against ₹1,107.24 lakh, and cash and cash equivalents were ₹76.21 lakh against ₹11.36 lakh. Loans were ₹3,189.30 lakh against ₹2,492.96 lakh.
For H1 FY27, net cash used in operating activities was ₹7.08 crore, compared with net cash used in operating activities of ₹0.79 crore in H1 FY26. Net cash used in investing activities was ₹1.74 crore against ₹0.03 crore, and net cash used in financing activities was ₹4.69 crore against ₹1.03 crore generated. The filing reported cash and cash equivalents of ₹76.20 lakh at the end of the period against ₹11.36 lakh at the beginning of the financial year.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 39.24 | 34.50 |
| Total equity | 23.28 | 22.97 |
| Cash and equivalents | 0.76 | 0.11 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 7.08 | −0.79 |
| Cash from investing | −1.74 | −0.03 |
| Cash from financing | −4.69 | 1.03 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Indus Finance done over the last 8 quarters?
Revenue reached its highest point in the series at ₹5.69 crore in Q4 FY26 and its lowest at ₹1.02 crore in Q4 FY25. It then fell to ₹1.55 crore in Q1 FY27 and ₹1.28 crore in Q2 FY27. Revenue rose year on year in each of the last three quarters.
Profit after tax peaked at ₹1.46 crore in Q4 FY26 and bottomed at ₹0.04 crore in Q4 FY25. It was ₹0.75 crore in Q1 FY27 before falling to ₹0.09 crore in Q2 FY27. Profit rose year on year in each of the last four quarters. EBITDA margin was not reported for the quarters in the series.
How did Indus Finance shares react?
The filing was released after market hours on 14 October 2026. The stock did not move in the first 5, 15 or 30 minutes, then rose 5.0% on the reaction day from its pre-results close of ₹351.25. By the next day's close it was up 10.2% from that close, and by five sessions it was up 4.4%.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | +5.0% | −0.2% |
| Next day | +10.2% | −0.2% |
| 5 days | +4.4% | −4.9% |
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 |
|---|---|
| 11 August 2026 | −0.3% |
| 6 May 2026 | +4.5% |
| 28 January 2026 | +3.5% |
| 7 November 2025 | +1.8% |
| 11 August 2025 | −0.2% |
| 27 May 2025 | −1.7% |
| 25 October 2024 | +10.0% |
| 24 July 2024 | +4.9% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Among 77 Non Banking Financial Company peers compared for revenue growth this quarter, the median revenue growth was 21.6%. Indus Finance's revenue growth of 21.9% was above that median. Of the peers compared, 39 grew slower than the company and 38 grew faster.
Profit was higher at 56 of the 85 peers compared on profit. Indus Finance recorded standalone net profit of ₹0.09 crore for Q2 FY27. The peer figures were recorded as of 4 November 2026.
| Indus Finance revenue growth (YoY) | +21.9% |
|---|---|
| Median of 77 other Non Banking Financial Company (NBFC) companies | +21.6% |
| Companies with slower revenue growth than Indus Finance | 39 of 77 |
| Companies with faster revenue growth than Indus Finance | 38 of 77 |
| Companies whose net profit rose | 56 of 85 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Indus Finance's revenue in Q2 FY27?
Revenue from operations was ₹1.28 crore, up 21.9% from ₹1.05 crore in Q2 FY26 (standalone).
Did Indus Finance make a profit in Q2 FY27?
Yes. Net profit was ₹0.09 crore, against a net profit of ₹0.08 crore in Q2 FY26.
What was Indus Finance's EPS in Q2 FY27?
Basic earnings per share were ₹0.10, against ₹0.09 in Q2 FY26.
How did Indus Finance shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.0% from the previous close; the median Non Banking Financial Company (NBFC) stock moved −0.2%.
When did Indus Finance announce its Q2 FY27 results?
On 14 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for To Consider And Approve The Un-Audited Financial Results & Consider And Recommend A Proposal For Issue Of Bonus Shares. (BSE, 7 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 14 October 2026) · PDF
- UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED SEPTEMBER 30 2026 (BSE, 14 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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