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Kapston Services Q2 FY27 results: net profit up 19.1% to ₹8.41 crore, revenue up 7.0%
Kapston Services Limited reported consolidated revenue of ₹225.37 crore in Q2 FY27, up 7.0% from Q2 FY26. EBITDA rose 46.6% to ₹14.59 crore and the EBITDA margin expanded 1.8 percentage points to 6.5%, while net profit increased 19.1% to ₹8.41 crore. The results were announced after market hours on 20 October 2026.
Key points
- Consolidated revenue was ₹225.37 crore, up ₹14.72 crore or 7.0% from ₹210.65 crore in Q2 FY26.
- EBITDA rose ₹4.64 crore or 46.6% to ₹14.59 crore, and margin improved from 4.7% to 6.5%.
- Net profit was ₹8.41 crore, up ₹1.35 crore or 19.1% from ₹7.06 crore, while basic EPS fell 20.4% to ₹2.77.
- In H1 FY27, revenue rose 11.4% to ₹447.03 crore and net profit increased 28.2% to ₹16.90 crore.
- The stock closed 1.7% lower on the reaction day and was down 6.2% by the fifth session from its pre-results close.
How did Kapston Services perform in Q2 FY27?
Kapston Services reported consolidated revenue of ₹225.37 crore for Q2 FY27, up ₹14.72 crore or 7.0% from ₹210.65 crore in Q2 FY26. Total income rose ₹14.42 crore or 6.8% to ₹225.69 crore, while EBITDA increased ₹4.64 crore or 46.6% to ₹14.59 crore. The EBITDA margin expanded 1.8 percentage points to 6.5% from 4.7%.
Profit before tax rose ₹3.05 crore or 47.7% to ₹9.44 crore, and net profit increased ₹1.35 crore or 19.1% to ₹8.41 crore. Basic EPS declined 20.4% to ₹2.77 from ₹3.48. Against Q1 FY27, revenue was up ₹3.71 crore or 1.7%, EBITDA was up ₹0.06 crore or 0.4%, and net profit was down ₹0.08 crore or 0.9%.
On the standalone basis, Q2 FY27 revenue was ₹223.17 crore, up 6.3%, while net profit was ₹8.94 crore against ₹7.02 crore in Q2 FY26. The board approved the unaudited standalone and consolidated results for the quarter ended 30 September 2026, along with the auditors’ limited review report.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 225.37 | 221.66 | 210.65 | +7.0% | +1.7% |
| Other income | 0.32 | 0.23 | 0.62 | −48.4% | +39.1% |
| Total expenses | 216.25 | 212.16 | 204.89 | +5.5% | +1.9% |
| EBITDA | 14.59 | 14.53 | 9.95 | +46.6% | +0.4% |
| EBITDA margin | 6.5% | 6.6% | 4.7% | +1.8 pp | −0.1 pp |
| Profit before tax | 9.44 | 9.72 | 6.39 | +47.7% | −2.9% |
| Tax | 1.03 | 1.23 | −0.67 | −16.3% | |
| Net profit | 8.41 | 8.49 | 7.06 | +19.1% | −0.9% |
| EPS (₹) | 2.77 | 2.79 | 3.48 | −20.4% | −0.7% |
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 Kapston Services' costs and profit?
Total expenses were ₹216.25 crore in Q2 FY27, up ₹11.36 crore or 5.5% from ₹204.89 crore in Q2 FY26. Employee cost increased ₹8.83 crore or 4.5% to ₹204.43 crore, cost of materials rose ₹1.19 crore or 64.0% to ₹3.05 crore, and finance costs increased ₹0.92 crore or 28.3% to ₹4.17 crore. Depreciation rose ₹0.36 crore or 38.7% to ₹1.29 crore, while other expenses increased ₹0.58 crore or 17.9% to ₹3.82 crore.
Other income fell ₹0.30 crore or 48.4% to ₹0.32 crore from ₹0.62 crore, and there was no exceptional item in either quarter. Tax moved from ₹0.67 crore in Q2 FY26 to ₹1.03 crore, a difference of ₹1.70 crore. The figures show higher operating expenses alongside lower other income, while EBITDA and profit before tax rose.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 3.05 | 1.86 | +1.19 | +64.0% |
| Employee cost | 204.43 | 195.60 | +8.83 | +4.5% |
| Finance costs | 4.17 | 3.25 | +0.92 | +28.3% |
| Depreciation | 1.29 | 0.93 | +0.36 | +38.7% |
| Other expenses | 3.82 | 3.24 | +0.58 | +17.9% |
| Total expenses | 216.25 | 204.89 | +11.36 | +5.5% |
| Other income | 0.32 | 0.62 | −0.30 | −48.4% |
| Tax | 1.03 | −0.67 | +1.70 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue rose ₹45.68 crore or 11.4% to ₹447.03 crore from ₹401.35 crore in H1 FY26. Total income increased ₹45.01 crore or 11.2% to ₹447.57 crore, and profit before tax rose ₹7.27 crore or 61.1% to ₹19.16 crore.
Net profit for the first half increased ₹3.72 crore or 28.2% to ₹16.90 crore from ₹13.18 crore. Basic EPS fell 14.5% to ₹5.56 from ₹6.50 despite the higher reported net profit.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 447.03 | 401.35 | +11.4% |
| Profit before tax | 19.16 | 11.89 | +61.1% |
| Net profit | 16.90 | 13.18 | +28.2% |
| EPS (₹) | 5.56 | 6.50 | −14.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹405.66 crore against ₹348.92 crore on 31 March 2026, while total equity increased to ₹150.45 crore from ₹116.35 crore. Borrowings rose to ₹187.69 crore from ₹175.25 crore, and cash and cash equivalents remained ₹2.81 crore. Trade receivables increased to ₹236.89 crore from ₹202.50 crore, inventories to ₹6.57 crore from ₹5.24 crore, and trade payables fell to ₹1.01 crore from ₹2.86 crore.
H1 FY27 operating cash flow was negative ₹3.80 crore, compared with positive ₹1.62 crore in H1 FY26. Investing cash flow was negative ₹18.29 crore against negative ₹1.49 crore, while financing cash flow was positive ₹22.08 crore against negative ₹0.09 crore. Capital expenditure was ₹4.19 crore, compared with ₹1.49 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 405.66 | 348.92 |
| Total equity | 150.45 | 116.35 |
| Borrowings | 187.69 | 175.25 |
| Cash and equivalents | 2.81 | 2.81 |
| Inventories | 6.57 | 5.24 |
| Trade receivables | 236.89 | 202.50 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −3.80 | 1.62 |
| Cash from investing | −18.29 | −1.49 |
| Cash from financing | 22.08 | −0.09 |
| Capital expenditure | 4.19 | 1.49 |
Source: Company's results filing (XBRL).
How has Kapston Services done over the last 8 quarters?
Revenue increased in each of the last five reported quarters on a year-on-year basis. Across the eight-quarter series, revenue bottomed at ₹182.55 crore in Q3 FY25 and reached ₹225.37 crore in Q2 FY27, with the latest quarter marking the highest level in the series.
Net profit bottomed at ₹4.53 crore in Q3 FY25 and reached ₹7.52 crore in Q4 FY26 before reporting ₹8.41 crore in Q2 FY27. EBITDA margin also bottomed at 4.5% in Q3 FY25 and peaked at 6.6% in Q1 FY27, easing to 6.5% in the latest quarter. Profit also rose year on year in each of the last five quarters.
How did Kapston Services shares react?
The results appeared after market hours on 20 October 2026. From the price when the filing appeared, the stock fell 1.1% after five minutes, 1.3% after 15 minutes and 1.4% after 30 minutes. It closed 1.7% lower on the reaction day, was down 3.0% from its pre-results close by the next day’s close and was down 6.2% by the fifth session.
The Diversified Commercial Services industry median was down 1.4% on the reaction day and over the next day’s close, and down 2.5% by five sessions. Kapston Services therefore lagged the industry median by 0.3 percentage points on the reaction day, 1.6 percentage points by the next day’s close and 3.7 percentage points by five sessions. Earlier reaction-day moves included a rise of 19.6% on 19 May 2025 and a fall of 5.5% on 8 November 2024.
| After the filing | Stock | Diversified Commercial Services median |
|---|---|---|
| 5 minutes | −1.1% | |
| 15 minutes | −1.3% | |
| 30 minutes | −1.4% | |
| Reaction day | −1.7% | −1.4% |
| Next day | −3.0% | −1.4% |
| 5 days | −6.2% | −2.5% |
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 |
|---|---|
| 10 August 2026 | +0.5% |
| 27 May 2026 | −0.2% |
| 6 February 2026 | −1.9% |
| 10 November 2025 | −0.7% |
| 4 August 2025 | −2.6% |
| 19 May 2025 | +19.6% |
| 8 February 2025 | +4.1% |
| 8 November 2024 | −5.5% |
Source: MarketPing price-reaction measurement.
How did other Diversified Commercial Services companies do?
Twenty-four other Diversified Commercial Services companies were compared for revenue growth, with a median revenue growth of 18.1% as of 4 November 2026. Of the companies with comparable revenue-growth data, 8 grew more slowly than Kapston Services and 16 grew faster than Kapston Services.
Among 30 peers for which profit was compared, 18 reported higher profit. Kapston Services’ 7.0% revenue growth in Q2 FY27 was below the peer median of 18.1%.
| Kapston Services revenue growth (YoY) | +7.0% |
|---|---|
| Median of 24 other Diversified Commercial Services companies | +18.1% |
| Companies with slower revenue growth than Kapston Services | 8 of 24 |
| Companies with faster revenue growth than Kapston Services | 16 of 24 |
| Companies whose net profit rose | 18 of 30 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kapston Services' revenue in Q2 FY27?
Revenue from operations was ₹225.37 crore, up 7.0% from ₹210.65 crore in Q2 FY26 (consolidated).
Did Kapston Services make a profit in Q2 FY27?
Yes. Net profit was ₹8.41 crore, against a net profit of ₹7.06 crore in Q2 FY26.
What was Kapston Services' EPS in Q2 FY27?
Basic earnings per share were ₹2.77, against ₹3.48 in Q2 FY26.
How did Kapston Services shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.7% from the previous close; the median Diversified Commercial Services stock moved −1.4%.
When did Kapston Services announce its Q2 FY27 results?
On 20 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 20 October 2026) · PDF
- Stock split (NSE, 20 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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