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Kanoria Energy & Infrastructure Q2 FY27 results: net profit ₹3.04 crore vs ₹0.02 crore, revenue up 71.0%
Kanoria Energy & Infrastructure Ltd reported standalone revenue of ₹66.69 crore and a net profit of ₹3.04 crore for Q2 FY27, compared with revenue of ₹38.99 crore and a net profit of ₹0.02 crore in Q2 FY26. EBITDA rose to ₹6.81 crore from ₹3.55 crore, while the EBITDA margin increased to 10.2% from 9.1%.
Key points
- Q2 FY27 standalone revenue was ₹66.69 crore, up ₹27.70 crore or 71.0% year on year.
- EBITDA was ₹6.81 crore, up ₹3.26 crore or 91.8% from Q2 FY26, with margin at 10.2% compared with 9.1%.
- Net profit was ₹3.04 crore versus ₹0.02 crore in the year-ago quarter, and basic EPS was ₹0.36.
- Against Q1 FY27, revenue fell ₹49.22 crore to ₹66.69 crore, but net profit moved from a loss of ₹4.83 crore to ₹3.04 crore.
- H1 FY27 revenue was ₹182.6 crore, up 31.7% from ₹138.63 crore in H1 FY26, while the company reported a net loss of ₹1.79 crore.
How did Kanoria Energy & Infrastructure perform in Q2 FY27?
Kanoria Energy & Infrastructure reported standalone revenue of ₹66.69 crore in Q2 FY27, up ₹27.70 crore or 71.0% from ₹38.99 crore in Q2 FY26. EBITDA rose ₹3.26 crore or 91.8% to ₹6.81 crore, and the margin increased 1.1 percentage points to 10.2%.
Profit before tax was ₹3.87 crore in Q2 FY27, up ₹3.79 crore from ₹0.08 crore in the year-ago quarter. Net profit rose ₹3.02 crore to ₹3.04 crore from ₹0.02 crore, while basic EPS was ₹0.36. Against Q1 FY27, revenue fell ₹49.22 crore, EBITDA fell ₹0.75 crore, and the company moved from a net loss of ₹4.83 crore to ₹3.04 crore.
The figures are standalone. The company stated that it has no subsidiary, joint venture or associate and that preparation of consolidated financial statements was not required.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 66.69 | 115.91 | 38.99 | +71.0% | −42.5% |
| Other income | 0.02 | 0.09 | 0.03 | −33.3% | −77.8% |
| Total expenses | 62.84 | 111.87 | 38.95 | +61.3% | −43.8% |
| EBITDA | 6.81 | 7.56 | 3.55 | +91.8% | −9.9% |
| EBITDA margin | 10.2% | 6.5% | 9.1% | +1.1 pp | +3.7 pp |
| Profit before tax | 3.87 | −5.16 | 0.08 | +4737.5% | turned to profit |
| Tax | 0.84 | −0.33 | 0.06 | +1300.0% | |
| Net profit | 3.04 | −4.83 | 0.02 | +15100.0% | turned to profit |
| EPS (₹) | 0.36 | −0.57 | 0.00 | turned to profit |
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 Kanoria Energy & Infrastructure's costs and profit?
Total expenses rose ₹23.89 crore or 61.3% to ₹62.84 crore in Q2 FY27 from ₹38.95 crore in Q2 FY26. Cost of materials increased ₹17.60 crore to ₹45.94 crore, employee cost rose ₹1.35 crore to ₹6.56 crore, and other expenses increased ₹6.53 crore to ₹20.59 crore.
Finance costs fell ₹0.38 crore to ₹2.06 crore from ₹2.44 crore, while depreciation fell ₹0.18 crore to ₹0.89 crore from ₹1.07 crore. Other income decreased ₹0.01 crore to ₹0.02 crore. Tax expense rose ₹0.78 crore to ₹0.84 crore.
Q2 FY27 had no exceptional item. In Q1 FY27, the company recorded an exceptional charge of ₹9.29 crore; the filing attributed the loss to the sale of a flat in Mumbai.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 45.94 | 28.34 | +17.60 | +62.1% |
| Employee cost | 6.56 | 5.21 | +1.35 | +25.9% |
| Finance costs | 2.06 | 2.44 | −0.38 | −15.6% |
| Depreciation | 0.89 | 1.07 | −0.18 | −16.8% |
| Other expenses | 20.59 | 14.06 | +6.53 | +46.4% |
| Total expenses | 62.84 | 38.95 | +23.89 | +61.3% |
| Other income | 0.02 | 0.03 | −0.01 | −33.3% |
| Tax | 0.84 | 0.06 | +0.78 | +1300.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue rose ₹43.97 crore or 31.7% to ₹182.6 crore from ₹138.63 crore in H1 FY26. Total income rose ₹43.6 crore or 31.3% to ₹182.71 crore from ₹139.11 crore.
Profit before tax moved from ₹0.32 crore in H1 FY26 to a loss of ₹1.28 crore in H1 FY27. The company reported a net loss of ₹1.79 crore, compared with a net profit of ₹0.17 crore, while basic EPS was -₹0.21 versus ₹0.02.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 182.60 | 138.63 | +31.7% |
| Profit before tax | −1.28 | 0.32 | turned to loss |
| Net profit | −1.79 | 0.17 | turned to loss |
| EPS (₹) | −0.21 | 0.02 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹275.71 crore against ₹265.96 crore at 31 March 2026. Total equity fell to ₹91.93 crore from ₹94.02 crore, while borrowings rose to ₹107.51 crore from ₹77.3 crore and cash increased to ₹29.16 crore from ₹5.37 crore.
Inventories rose to ₹114.63 crore from ₹105.63 crore. Trade receivables fell to ₹21.3 crore from ₹22.58 crore, and trade payables fell to ₹25.62 crore from ₹27.8 crore.
H1 FY27 operating cash flow was -₹26.36 crore, compared with ₹21.31 crore in H1 FY26. Investing cash flow was ₹26.52 crore against -₹1.03 crore, while financing cash flow was ₹23.63 crore against -₹20.77 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 275.71 | 265.96 |
| Total equity | 91.93 | 94.02 |
| Borrowings | 107.51 | 77.30 |
| Cash and equivalents | 29.16 | 5.37 |
| Inventories | 114.63 | 105.63 |
| Trade receivables | 21.30 | 22.58 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −26.36 | 21.31 |
| Cash from investing | 26.52 | −1.03 |
| Cash from financing | 23.63 | −20.77 |
| Capital expenditure | 0 | 0.07 |
Source: Company's results filing (XBRL).
How has Kanoria Energy & Infrastructure done over the last 8 quarters?
Revenue reached ₹115.91 crore in Q1 FY27 before falling to ₹66.69 crore in Q2 FY27. The EBITDA margin peaked at 10.2% in Q2 FY27, after reaching its lowest level of 2.0% in Q4 FY25.
Net profit moved from a loss of ₹4.83 crore in Q1 FY27 to ₹3.04 crore in Q2 FY27. Across the last three quarters, revenue rose year on year in each quarter, while profit recovered from the preceding quarter’s loss.
How did Kanoria Energy & Infrastructure shares react?
The filing appeared after market hours. The stock was unchanged after 5 minutes and 15 minutes, then rose 3.3% after 30 minutes. It closed the reaction day 8.5% above its pre-results close of ₹14.63.
By the next day’s close, the stock was up 16.1% from the pre-results close, and by the fifth session it was up 15.2%. The Cement & Cement Products industry median moved -0.5% on the reaction day and -1.0% by the next day, leaving the stock ahead by 8.9 percentage points and 17.1 percentage points, respectively.
Earlier results-day moves were mixed: the stock rose 4.0% on 23 July 2026 and 4.9% on 20 May 2026, fell 2.9% on 14 February 2026 and 1.8% on 14 November 2025, and recorded smaller moves on the other listed dates.
| After the filing | Stock | Cement & Cement Products median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +3.3% | |
| Reaction day | +8.5% | −0.5% |
| Next day | +16.1% | −1.0% |
| 5 days | +15.2% | +1.0% |
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 |
|---|---|
| 23 July 2026 | +4.0% |
| 20 May 2026 | +4.9% |
| 14 February 2026 | −2.9% |
| 14 November 2025 | −1.8% |
| 5 August 2025 | +0.2% |
| 23 May 2025 | −2.5% |
| 9 August 2024 | +4.8% |
| 30 May 2024 | −2.5% |
Source: MarketPing price-reaction measurement.
How did other Cement & Cement Products companies do?
Nineteen other Cement & Cement Products companies had filed for the quarter, and their median revenue growth was 11.0%. Seventeen grew more slowly than Kanoria Energy & Infrastructure, while two grew faster than the company.
Eight of the 19 peers reported higher profit, based on 19 peers for which profit was compared. The peer figures were available as of 4 November 2026.
| Kanoria Energy & Infrastructure revenue growth (YoY) | +71.0% |
|---|---|
| Median of 19 other Cement & Cement Products companies | +11.0% |
| Companies with slower revenue growth than Kanoria Energy & Infrastructure | 17 of 19 |
| Companies with faster revenue growth than Kanoria Energy & Infrastructure | 2 of 19 |
| Companies whose net profit rose | 8 of 19 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kanoria Energy & Infrastructure's revenue in Q2 FY27?
Revenue from operations was ₹66.69 crore, up 71.0% from ₹38.99 crore in Q2 FY26 (standalone).
Did Kanoria Energy & Infrastructure make a profit in Q2 FY27?
Yes. Net profit was ₹3.04 crore, against a net profit of ₹0.02 crore in Q2 FY26.
What was Kanoria Energy & Infrastructure's EPS in Q2 FY27?
Basic earnings per share were ₹0.36, against ₹0.00 in Q2 FY26.
How did Kanoria Energy & Infrastructure shares react to the Q2 FY27 results?
On the reaction day the stock moved +8.5% from the previous close; the median Cement & Cement Products stock moved −0.5%.
When did Kanoria Energy & Infrastructure announce its Q2 FY27 results?
On 26 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration Of Unaudited Financial Result (BSE, 17 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 26 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2026 (BSE, 26 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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