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Invigorated Business Consulting Q2 FY27 results: net loss narrows to ₹0.07 crore
Invigorated Business Consulting Limited reported standalone Q2 FY27 revenue of ₹0 crore, other income of ₹0.05 crore and a net loss of ₹0.07 crore. The loss narrowed from ₹0.08 crore in Q2 FY26 but widened from ₹0.05 crore in Q1 FY27, while basic EPS was ₹0.02.
Key points
- Q2 FY27 standalone revenue was ₹0 crore, unchanged from Q2 FY26 and Q1 FY27.
- Other income was ₹0.05 crore, up ₹0.01 crore from Q2 FY26, while total expenses fell ₹0.01 crore to ₹0.12 crore.
- The company reported a net loss of ₹0.07 crore in Q2 FY27, compared with a net loss of ₹0.08 crore in Q2 FY26 and ₹0.05 crore in Q1 FY27.
- Basic EPS was ₹0.02 in Q2 FY27, unchanged from Q2 FY26 and lower than ₹0.01 in Q1 FY27.
- H1 FY27 operating cash flow was negative ₹0.47 crore, compared with negative ₹2.35 crore in H1 FY26.
How did Invigorated Business Consulting perform in Q2 FY27?
Invigorated Business Consulting reported standalone revenue of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. Other income was ₹0.05 crore, while EBITDA was negative ₹0.09 crore. No EBITDA margin was reported.
The company reported a net loss of ₹0.07 crore for Q2 FY27, compared with a net loss of ₹0.08 crore in Q2 FY26 and ₹0.05 crore in Q1 FY27. Basic EPS was ₹0.02 in Q2 FY27, unchanged from Q2 FY26 but lower than ₹0.01 in the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0.05 | 0.05 | 0.04 | +25.0% | +0.0% |
| Total expenses | 0.12 | 0.10 | 0.13 | −7.7% | +20.0% |
| EBITDA | −0.09 | −0.08 | −0.10 | ||
| Profit before tax | −0.07 | −0.05 | −0.08 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.07 | −0.05 | −0.08 | ||
| EPS (₹) | −0.02 | −0.01 | −0.02 |
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 Invigorated Business Consulting's costs and profit?
Against Q2 FY26, total expenses fell ₹0.01 crore, or 7.7%, to ₹0.12 crore. Other expenses declined ₹0.01 crore, or 10.0%, to ₹0.09 crore, while finance costs remained ₹0.02 crore. Cost of materials, employee cost and depreciation were unchanged.
Other income increased ₹0.01 crore, or 25.0%, to ₹0.05 crore, and total income also rose ₹0.01 crore, or 25.0%, to ₹0.05 crore. Tax was unchanged and there was no exceptional item. The net loss narrowed by ₹0.01 crore to ₹0.07 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0 | 0 | 0 | |
| Finance costs | 0.02 | 0.02 | 0 | +0.0% |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.09 | 0.10 | −0.01 | −10.0% |
| Total expenses | 0.12 | 0.13 | −0.01 | −7.7% |
| Other income | 0.05 | 0.04 | +0.01 | +25.0% |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue was ₹0 crore, unchanged from H1 FY26, while total income was ₹0.1 crore in both periods. Loss before tax and net loss were each ₹0.12 crore, compared with ₹0.13 crore in H1 FY26, while EPS remained ₹0.03.
The first-half figures show a narrower loss on unchanged revenue and total income. The filing did not provide a percentage change for revenue or EPS, and no consolidated comparison was reported.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.12 | −0.13 | |
| Net profit | −0.12 | −0.13 | |
| EPS (₹) | −0.03 | −0.03 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹4.01 crore, compared with ₹4.09 crore at 31 March 2026. Total equity was negative ₹179.67 crore against negative ₹179.55 crore, while borrowings were ₹9.87 crore against ₹9.82 crore.
Cash and cash equivalents fell to ₹0.07 crore from ₹0.55 crore at 31 March 2026. H1 FY27 operating cash flow was negative ₹0.47 crore, compared with negative ₹2.35 crore in H1 FY26; investing, financing and capital expenditure cash flows were ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 4.01 | 4.09 |
| Total equity | −179.67 | −179.55 |
| Borrowings | 9.87 | 9.82 |
| Cash and equivalents | 0.07 | 0.55 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.47 | −2.35 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Invigorated Business Consulting done over the last 8 quarters?
Revenue remained ₹0 crore in each quarter from Q3 FY25 through Q2 FY27. Profit after tax was negative ₹0.04 crore in Q4 FY25 and Q1 FY26, bottomed at negative ₹0.08 crore in Q2 FY26, and was negative ₹0.07 crore in Q2 FY27.
No EBITDA margin figures were reported for the quarterly trend. The latest result therefore shows unchanged revenue and a net loss that remained wider than in Q1 FY27, when profit after tax was negative ₹0.05 crore.
What else did the company announce?
The board approved the unaudited financial results for the quarter and half-year ended 30 September 2026, along with the statutory auditors’ limited review report. The results were announced on 29 October 2026.
The board approved the appointment of GAV & Associates as statutory auditors for five years, subject to shareholder approval at the 39th AGM in 2027. Kapish Jain & Associates will continue until the conclusion of that AGM.
How did Invigorated Business Consulting shares react?
On the reaction day, the stock rose 1.3% from its pre-results close of ₹8.25. By the next day’s close, it was down 3.6% from that pre-results close. The Consulting Services industry median fell 1.7% on the reaction day and 2.4% by the next day.
| After the filing | Stock | Consulting Services median |
|---|---|---|
| Reaction day | +1.3% | −1.7% |
| Next day | −3.6% | −2.4% |
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 |
|---|---|
| 28 July 2026 | +2.3% |
| 30 April 2026 | −2.3% |
| 30 January 2026 | −1.8% |
| 29 July 2025 | −4.9% |
| 5 May 2025 | +3.5% |
| 30 July 2024 | +4.9% |
Source: MarketPing price-reaction measurement.
How did other Consulting Services companies do?
Five other Consulting Services companies had filed for the quarter by 4 November 2026. Their median revenue growth was 29.6%, and two of the five reported higher profit.
Invigorated Business Consulting’s revenue was unchanged at ₹0 crore, while the five peers posted median revenue growth of 29.6%. The company therefore recorded revenue growth below the peer group, alongside a net loss of ₹0.07 crore.
| Invigorated Business Consulting revenue growth (YoY) | not comparable |
|---|---|
| Median of 5 other Consulting Services companies | +29.6% |
| Companies whose net profit rose | 2 of 5 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Invigorated Business Consulting's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Invigorated Business Consulting make a profit in Q2 FY27?
No. It reported a net loss of ₹0.07 crore, against a net loss of ₹0.08 crore in Q2 FY26.
What was Invigorated Business Consulting's EPS in Q2 FY27?
Basic loss per share was ₹0.02, against a loss of ₹0.02 in Q2 FY26.
How did Invigorated Business Consulting shares react to the Q2 FY27 results?
On the reaction day the stock moved +1.3% from the previous close; the median Consulting Services stock moved −1.7%.
When did Invigorated Business Consulting announce its Q2 FY27 results?
On 29 October 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, 16 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 29 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 29 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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