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Key Corp Q2 FY27 results: net loss narrows to ₹1.22 crore
Key Corp Limited reported standalone revenue of ₹0.11 crore for Q2 FY27 and a net loss of ₹1.22 crore, compared with revenue of ₹2.37 crore and a net loss of ₹2.55 crore in Q2 FY26. Against Q1 FY27, revenue fell 98.8% and profit moved from ₹9.24 crore to a loss of ₹1.22 crore.
Key points
- Q2 FY27 standalone revenue was ₹0.11 crore, up ₹2.48 crore from Q2 FY26.
- The company reported a net loss of ₹1.22 crore in Q2 FY27, against a net loss of ₹2.55 crore in Q2 FY26.
- Basic EPS was ₹-2.04 in Q2 FY27, compared with ₹-4.25 in Q2 FY26 and ₹15.41 in Q1 FY27.
- H1 FY27 revenue was ₹8.42 crore, up 47.2% from ₹5.72 crore in H1 FY26, while PAT was ₹8.02 crore versus ₹5.32 crore.
- The stock was up 4.1% on the reaction day and 3.9% by the next day's close from the pre-results close.
How did Key Corp perform in Q2 FY27?
Key Corp reported standalone revenue of ₹0.11 crore in Q2 FY27, against ₹2.37 crore in Q2 FY26, an improvement of ₹2.48 crore. Against Q1 FY27, revenue fell ₹9.35 crore, or 98.8%. The filing states that the quarter ended 30 September 2026 was reviewed under the applicable reporting requirements; no consolidated figures were provided in the stated facts.
The company reported a net loss of ₹1.22 crore for Q2 FY27, compared with a net loss of ₹2.55 crore in Q2 FY26. Basic EPS was ₹-2.04, compared with ₹-4.25 in the year-ago quarter and ₹15.41 in Q1 FY27. EBITDA and EBITDA margin were not available in the stated facts for the quarter.
Profit before tax was ₹1.22 crore lower than in Q2 FY26, while total expenses were ₹1.33 crore against ₹0.18 crore. Compared with Q1 FY27, profit before tax and net profit fell by ₹10.46 crore and turned to a loss from ₹9.24 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.11 | 9.46 | −2.37 | −98.8% | |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 1.33 | 0.21 | 0.18 | +638.9% | +533.3% |
| Profit before tax | −1.22 | 9.24 | −2.55 | turned to loss | |
| Tax | 0 | 0 | 0 | ||
| Net profit | −1.22 | 9.24 | −2.55 | turned to loss | |
| EPS (₹) | −2.04 | 15.41 | −4.25 | turned to loss |
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 Key Corp's costs and profit?
Total expenses increased from ₹0.18 crore in Q2 FY26 to ₹1.33 crore in Q2 FY27, a rise of ₹1.15 crore or 638.9%. Other expenses were ₹0.08 crore against ₹0.07 crore, while employee cost was unchanged at ₹0.10 crore. Depreciation and finance costs were also unchanged at ₹0.01 crore and ₹0 crore, respectively.
There was no exceptional item in Q2 FY27, Q2 FY26 or Q1 FY27. Other income was unchanged at ₹0 crore in Q2 FY27 and Q2 FY26, and tax was unchanged at ₹0 crore. The filing does not state a reason for the increase in total expenses.
Against Q1 FY27, total expenses rose from ₹0.21 crore to ₹1.33 crore, an increase of ₹1.12 crore or 533.3%. Employee cost was ₹0.10 crore versus ₹0.09 crore, other expenses were ₹0.08 crore versus ₹0.11 crore, and depreciation and finance costs remained ₹0.01 crore and ₹0 crore, respectively.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.10 | 0.10 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.01 | 0.01 | 0 | +0.0% |
| Other expenses | 0.08 | 0.07 | +0.01 | +14.3% |
| Total expenses | 1.33 | 0.18 | +1.15 | +638.9% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Key Corp reported revenue of ₹8.42 crore, compared with ₹5.72 crore in H1 FY26, an increase of ₹2.7 crore or 47.2%. Total income was also ₹8.42 crore, against ₹5.72 crore in the previous first half.
Profit before tax was ₹8.02 crore in H1 FY27 versus ₹5.32 crore in H1 FY26, while PAT was ₹8.02 crore compared with ₹5.32 crore. Basic EPS was ₹13.37, up from ₹8.87 in H1 FY26. Total expenses were ₹1.33 crore in H1 FY27 against ₹0.18 crore in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 8.42 | 5.72 | +47.2% |
| Profit before tax | 8.02 | 5.32 | +50.8% |
| Net profit | 8.02 | 5.32 | +50.8% |
| EPS (₹) | 13.37 | 8.87 | +50.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, Key Corp reported total assets of ₹73.91 crore and total equity of ₹73.57 crore. At 31 March 2026, total assets were ₹65.71 crore and total equity was ₹65.37 crore. Cash was ₹0 crore at 30 September 2026 against ₹0.23 crore at 31 March 2026. Borrowings were not available in the stated facts.
For H1 FY27, operating cash flow was ₹-0.21 crore, compared with ₹-0.29 crore in H1 FY26. Investing cash flow was ₹0.35 crore against ₹0.08 crore, while financing cash flow was ₹0 crore in both periods. Capital expenditure was ₹0 crore in H1 FY27 and ₹0.01 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 73.91 | 65.71 |
| Total equity | 73.57 | 65.37 |
| Cash and equivalents | 0 | 0.23 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.21 | −0.29 |
| Cash from investing | 0.35 | 0.08 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0.01 |
Source: Company's results filing (XBRL).
How has Key Corp done over the last 8 quarters?
Key Corp’s reported quarterly revenue moved from ₹-3.72 crore in Q3 FY25 and ₹-5.79 crore in Q4 FY25 to ₹8.09 crore in Q1 FY26 and ₹-2.37 crore in Q2 FY26. It then rose to ₹1.77 crore in Q3 FY26 and ₹0.12 crore in Q4 FY26 before reaching ₹9.46 crore in Q1 FY27 and ₹0.11 crore in Q2 FY27.
PAT followed a similar pattern, moving from ₹-3.96 crore in Q3 FY25 and ₹-5.97 crore in Q4 FY25 to ₹7.87 crore in Q1 FY26 and ₹-2.55 crore in Q2 FY26. It was ₹1.59 crore in Q3 FY26, ₹-9.62 crore in Q4 FY26, ₹9.24 crore in Q1 FY27 and ₹-1.22 crore in Q2 FY27. EBITDA margin was not available in the stated facts.
How did Key Corp shares react?
The stock was up 4.1% on the reaction day from the previous close of ₹66.00. By the next day's close, it was up 3.9% from the pre-results close, and the five-day move was 0.0%. The industry median fell 1.9% on the reaction day, 2.1% by the next day's close and 3.0% over five days; Key Corp's excess performance was 6.0 percentage points, 6.0 percentage points and 3.0 percentage points, respectively.
Earlier reaction-day moves were mixed: the stock was up 5.0% on 15 July 2026, down 4.9% on 4 May 2026 and up 0.1% on 16 January 2026. It fell 1.6% on 16 October 2025, rose 5.0% on 15 July 2025 and fell 1.7% on 13 May 2025; the 22 October 2024 and 10 July 2024 reaction-day moves were both down 2.0%.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| Reaction day | +4.1% | −1.9% |
| Next day | +3.9% | −2.1% |
| 5 days | +0.0% | −3.0% |
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 |
|---|---|
| 15 July 2026 | +5.0% |
| 4 May 2026 | −4.9% |
| 16 January 2026 | +0.1% |
| 16 October 2025 | −1.6% |
| 15 July 2025 | +5.0% |
| 13 May 2025 | −1.7% |
| 22 October 2024 | −2.0% |
| 10 July 2024 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Among 78 other Non Banking Financial Company companies compared for Q2 FY27, the median revenue growth was 21.5%. Key Corp's revenue growth was lower than the peer median; the facts do not provide counts for peers growing slower or faster than Key Corp. Of 85 peers for which profit was compared, 56 reported higher profit.
| Key Corp revenue growth (YoY) | not comparable |
|---|---|
| Median of 78 other Non Banking Financial Company (NBFC) companies | +21.5% |
| Companies whose net profit rose | 56 of 85 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Key Corp's revenue in Q2 FY27?
Revenue from operations was ₹0.11 crore, against ₹2.37 crore in Q2 FY26 (standalone).
Did Key Corp make a profit in Q2 FY27?
No. It reported a net loss of ₹1.22 crore, against a net loss of ₹2.55 crore in Q2 FY26.
What was Key Corp's EPS in Q2 FY27?
Basic loss per share was ₹2.04, against a loss of ₹4.25 in Q2 FY26.
How did Key Corp shares react to the Q2 FY27 results?
On the reaction day the stock moved +4.1% from the previous close; the median Non Banking Financial Company (NBFC) stock moved −1.9%.
When did Key Corp announce its Q2 FY27 results?
On 21 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for BOARD MEETING DATE 21.10.2026 (BSE, 9 October 2026) · PDF
- Results September-2026 (BSE, 21 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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