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Kalind Q2 FY27 results: net profit up 151.4% to ₹23.20 crore, revenue ₹88.20 crore vs ₹17.97 crore
Kalind Limited reported Q2 FY27 consolidated revenue of ₹88.20 crore and a net profit of ₹23.20 crore for the July–September 2026 quarter, up from ₹17.97 crore and ₹9.23 crore a year earlier. EBITDA rose to ₹34.67 crore, while the margin narrowed to 39.3% from 63.7%.
Key points
- Consolidated revenue was ₹88.20 crore in Q2 FY27, up 390.8% from ₹17.97 crore in Q2 FY26 and 151.6% from ₹35.06 crore in Q1 FY27.
- EBITDA was ₹34.67 crore, up ₹23.23 crore year on year, with margin at 39.3%, down 24.4 percentage points.
- Net profit was ₹23.20 crore against ₹9.23 crore a year earlier and ₹14.65 crore in the previous quarter.
- Basic EPS was ₹0.25, down from ₹3.08 in Q2 FY26 and ₹1.20 in Q1 FY27.
- For H1 FY27, revenue was ₹123.26 crore and net profit ₹37.85 crore, against ₹31.56 crore and ₹14.56 crore in H1 FY26.
How did Kalind perform in Q2 FY27?
On a consolidated basis, Kalind reported revenue from operations of ₹88.20 crore for Q2 FY27, up ₹70.23 crore or 390.8% from ₹17.97 crore in Q2 FY26. Total income was ₹88.61 crore against ₹18.21 crore, and EBITDA was ₹34.67 crore, up ₹23.23 crore from ₹11.44 crore. The EBITDA margin was 39.3%, 24.4 percentage points below the year-ago margin of 63.7%.
Profit before tax rose to ₹30.21 crore from ₹11.20 crore, and net profit was ₹23.20 crore against ₹9.23 crore a year earlier, a net margin of 26.3% compared with 51.4%. Basic EPS was ₹0.25, down from ₹3.08 in Q2 FY26. Sequentially, revenue was ₹53.14 crore higher than Q1 FY27, EBITDA rose ₹12.67 crore to ₹34.67 crore, and net profit increased ₹8.55 crore to ₹23.20 crore, with EPS lower at ₹0.25 from ₹1.20.
On a standalone basis, revenue was ₹87.98 crore and profit for the period was ₹23.23 crore, against ₹8.25 crore in the year-ago quarter. The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026 on 5 November 2026, along with a limited review report from the statutory auditors.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 88.20 | 35.06 | 17.97 | +390.8% | +151.6% |
| Other income | 0.42 | 0.30 | 0.24 | +75.0% | +40.0% |
| Total expenses | 58.40 | 16.75 | 7.01 | +733.1% | +248.7% |
| EBITDA | 34.67 | 22 | 11.44 | +203.1% | +57.6% |
| EBITDA margin | 39.3% | 62.7% | 63.7% | −24.4 pp | −23.4 pp |
| Profit before tax | 30.21 | 18.61 | 11.20 | +169.7% | +62.3% |
| Tax | 7 | 3.96 | 1.97 | +255.3% | +76.8% |
| Net profit | 23.20 | 14.65 | 9.23 | +151.4% | +58.4% |
| EPS (₹) | 0.25 | 1.20 | 3.08 | −91.9% | −79.2% |
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 Kalind's costs and profit?
Total expenses were ₹58.40 crore in Q2 FY27, up ₹51.39 crore from ₹7.01 crore in Q2 FY26. Cost of materials consumed rose ₹45.47 crore to ₹58.64 crore, employee benefit expense was up ₹0.97 crore to ₹2.30 crore, finance costs were ₹0.03 crore, and depreciation and amortisation increased ₹4.38 crore to ₹4.86 crore. Other expenses fell by ₹8.38 crore to ₹7.42 crore.
Other income was ₹0.42 crore, up ₹0.18 crore from ₹0.24 crore a year earlier. There was no exceptional item in the quarter. Tax expense was ₹7 crore, up ₹5.03 crore from ₹1.97 crore, while profit before tax rose ₹19.01 crore to ₹30.21 crore. The filings do not state why costs, other income or tax moved in the quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 58.64 | 13.17 | +45.47 | +345.3% |
| Employee cost | 2.30 | 1.33 | +0.97 | +72.9% |
| Finance costs | 0.03 | 0.01 | +0.02 | +200.0% |
| Depreciation | 4.86 | 0.48 | +4.38 | +912.5% |
| Other expenses | −7.42 | 0.96 | −8.38 | |
| Total expenses | 58.40 | 7.01 | +51.39 | +733.1% |
| Other income | 0.42 | 0.24 | +0.18 | +75.0% |
| Tax | 7 | 1.97 | +5.03 | +255.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹123.26 crore, up ₹91.70 crore or 290.6% from ₹31.56 crore in H1 FY26. Total income was ₹123.97 crore against ₹32.36 crore, and profit before tax was ₹48.81 crore, up ₹31.35 crore from ₹17.46 crore.
Net profit for H1 FY27 was ₹37.85 crore, up ₹23.29 crore from ₹14.56 crore in the year-ago first half. Basic EPS was ₹0.41 for H1 FY27, down from ₹2.85 in H1 FY26, a decline of 85.6%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 123.26 | 31.56 | +290.6% |
| Profit before tax | 48.81 | 17.46 | +179.6% |
| Net profit | 37.85 | 14.56 | +160.0% |
| EPS (₹) | 0.41 | 2.85 | −85.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets rose to ₹337.25 crore at 30 September 2026 from ₹239.26 crore at 31 March 2026, and total equity was ₹249.53 crore against ₹212.25 crore. Borrowings fell to ₹1.43 crore from ₹9.84 crore, while cash and cash equivalents were ₹1.23 crore against ₹0.76 crore. Inventories stood at ₹17.20 crore versus ₹6.25 crore, trade receivables at ₹141.83 crore versus ₹49.34 crore, and trade payables at ₹58.35 crore versus ₹6.41 crore.
For the first half of FY27, net cash from operating activities was ₹32.93 crore, against an outflow of ₹55.18 crore in H1 FY26. Investing activities recorded an outflow of ₹30.77 crore compared with ₹46.38 crore, and financing activities an outflow of ₹8.45 crore against an inflow of ₹102.10 crore. Capital expenditure was ₹30.25 crore, up from ₹17.67 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 337.25 | 239.26 |
| Total equity | 249.53 | 212.25 |
| Borrowings | 1.43 | 9.84 |
| Cash and equivalents | 1.23 | 0.76 |
| Inventories | 17.20 | 6.25 |
| Trade receivables | 141.83 | 49.34 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 32.93 | −55.18 |
| Cash from investing | −30.77 | −46.38 |
| Cash from financing | −8.45 | 102.10 |
| Capital expenditure | 30.25 | 17.67 |
Source: Company's results filing (XBRL).
How has Kalind done over the last 8 quarters?
Revenue rose year on year in each of the last two quarters and profit in each of the last three, according to the trend data. Revenue reached its highest point of the series at ₹88.20 crore in Q2 FY27, while profit also peaked at ₹23.20 crore in the September 2026 quarter. Earlier in the series, revenue bottomed at nil in Q3 FY25, when the company reported a net loss of ₹0.20 crore.
The EBITDA margin was 39.3% in Q2 FY27, below the 62.7% recorded in Q1 FY27 and the 63.7% of Q2 FY26. It had earlier reached 28.5% in Q3 FY26 and 54.4% in Q4 FY26. The latest quarter therefore shows higher revenue and profit alongside a lower margin than the preceding quarter.
How did other Diversified Commercial Services companies do?
Among 33 Diversified Commercial Services companies that have filed for this quarter, the median revenue growth was 14.1%, compared with Kalind's 390.8% consolidated revenue growth. All 33 peers grew slower than the company, and none grew faster, according to the peer comparison as of 6 November 2026.
Of the peers for which profit was compared, 27 reported higher profit. The peer set covered 47 companies on the profit measure.
| Kalind revenue growth (YoY) | +390.8% |
|---|---|
| Median of 33 other Diversified Commercial Services companies | +14.1% |
| Companies with slower revenue growth than Kalind | 33 of 33 |
| Companies with faster revenue growth than Kalind | 0 of 33 |
| Companies whose net profit rose | 27 of 47 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kalind's revenue in Q2 FY27?
Revenue from operations was ₹88.20 crore, up 390.8% from ₹17.97 crore in Q2 FY26 (consolidated).
Did Kalind make a profit in Q2 FY27?
Yes. Net profit was ₹23.20 crore, against a net profit of ₹9.23 crore in Q2 FY26.
What was Kalind's EPS in Q2 FY27?
Basic earnings per share were ₹0.25, against ₹3.08 in Q2 FY26.
When did Kalind announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results Of The Company, Along With The Limited Review Report, For The Quarter And Half Year Ended September 30, 2026. (BSE, 2 November 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 5 November, 2026 (BSE, 5 November 2026) · PDF
- Quarter And Half Year Ended 30 September 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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