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Khadim India Q2 FY27 results: net profit up 58.7% to ₹2.65 crore, revenue down 7.3%
Khadim India Limited reported consolidated Q2 FY27 revenue of ₹94.22 crore, down 7.3% from Q2 FY26, while net profit rose to ₹2.65 crore and basic EPS increased to ₹1.44. EBITDA fell to ₹1.86 crore and its margin narrowed to 2.0% from 13.6%, with higher other income supporting profit before tax.
Key points
- Consolidated revenue was ₹94.22 crore in Q2 FY27, down 7.3% from ₹101.60 crore in Q2 FY26 but up 21.0% from ₹77.84 crore in Q1 FY27.
- EBITDA fell to ₹1.86 crore from ₹13.78 crore a year ago, while the EBITDA margin declined to 2.0% from 13.6%.
- Net profit rose to ₹2.65 crore from ₹1.67 crore in Q2 FY26, and basic EPS increased to ₹1.44 from ₹0.91.
- Other income rose to ₹15.09 crore from ₹1.85 crore, while profit before tax increased to ₹4.02 crore from ₹2.25 crore.
- H1 FY27 revenue fell to ₹172.06 crore from ₹197.3 crore, but net profit rose to ₹3.17 crore from ₹2.52 crore.
How did Khadim India perform in Q2 FY27?
Khadim India’s consolidated Q2 FY27 revenue was ₹94.22 crore, down 7.3% from ₹101.60 crore in Q2 FY26 and up 21.0% from ₹77.84 crore in Q1 FY27. EBITDA fell to ₹1.86 crore from ₹13.78 crore a year ago and from ₹7.83 crore in the previous quarter. The EBITDA margin was 2.0%, down 11.6 percentage points from Q2 FY26 and 8.1 percentage points from Q1 FY27.
Consolidated net profit was ₹2.65 crore, up from ₹1.67 crore in Q2 FY26 and ₹0.52 crore in Q1 FY27. Basic EPS was ₹1.44, compared with ₹0.91 a year ago and ₹0.28 in the previous quarter. On the standalone basis, revenue was ₹94.22 crore and profit after tax was ₹2.69 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 94.22 | 77.84 | 101.60 | −7.3% | +21.0% |
| Other income | 15.09 | 5.83 | 1.85 | +715.7% | +158.8% |
| Total expenses | 105.28 | 82.96 | 101.21 | +4.0% | +26.9% |
| EBITDA | 1.86 | 7.83 | 13.78 | −86.5% | −76.2% |
| EBITDA margin | 2.0% | 10.1% | 13.6% | −11.6 pp | −8.1 pp |
| Profit before tax | 4.02 | 0.71 | 2.25 | +78.7% | +466.2% |
| Tax | 1.37 | 0.18 | 0.57 | +140.4% | +661.1% |
| Net profit | 2.65 | 0.52 | 1.67 | +58.7% | +409.6% |
| EPS (₹) | 1.44 | 0.28 | 0.91 | +58.2% | +414.3% |
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 Khadim India's costs and profit?
Other income rose to ₹15.09 crore in Q2 FY27 from ₹1.85 crore in Q2 FY26, an increase of ₹13.24 crore, while total expenses increased to ₹105.28 crore from ₹101.21 crore. The filings do not state the reason for the increase in other income. Profit before tax consequently rose to ₹4.02 crore from ₹2.25 crore, despite EBITDA falling to ₹1.86 crore from ₹13.78 crore.
Cost of materials declined to ₹1.12 crore from ₹1.38 crore, finance costs fell to ₹6.32 crore from ₹6.69 crore and depreciation decreased to ₹6.60 crore from ₹6.71 crore. Employee cost rose to ₹12.57 crore from ₹12.36 crore, while other expenses increased to ₹25.59 crore from ₹21.73 crore. There was no exceptional item, while tax increased to ₹1.37 crore from ₹0.57 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1.12 | 1.38 | −0.26 | −18.8% |
| Employee cost | 12.57 | 12.36 | +0.21 | +1.7% |
| Finance costs | 6.32 | 6.69 | −0.37 | −5.5% |
| Depreciation | 6.60 | 6.71 | −0.11 | −1.6% |
| Other expenses | 25.59 | 21.73 | +3.86 | +17.8% |
| Total expenses | 105.28 | 101.21 | +4.07 | +4.0% |
| Other income | 15.09 | 1.85 | +13.24 | +715.7% |
| Tax | 1.37 | 0.57 | +0.80 | +140.4% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹172.06 crore, down 12.8% from ₹197.3 crore in H1 FY26. Total income fell to ₹192.97 crore from ₹201.68 crore, a decrease of ₹8.71 crore, while profit before tax rose to ₹4.73 crore from ₹3.72 crore.
H1 FY27 net profit was ₹3.17 crore, up 25.8% from ₹2.52 crore in H1 FY26, and basic EPS rose to ₹1.73 from ₹1.37. The consolidated figures include Khadim Shoe Bangladesh Limited, the company’s 100% subsidiary, as stated in the limited review report.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 172.06 | 197.30 | −12.8% |
| Profit before tax | 4.73 | 3.72 | +27.2% |
| Net profit | 3.17 | 2.52 | +25.8% |
| EPS (₹) | 1.73 | 1.37 | +26.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹583.1 crore, compared with ₹546.5 crore at 31 March 2026, and total equity was ₹173.15 crore against ₹166.89 crore. Borrowings rose to ₹126.65 crore from ₹121.83 crore, while cash increased to ₹2.29 crore from ₹1.76 crore. Inventories were ₹150.21 crore, compared with ₹128.89 crore; trade receivables fell to ₹160.13 crore from ₹186.38 crore, and trade payables rose to ₹140.65 crore from ₹112.95 crore.
H1 FY27 operating cash flow was ₹49.15 crore, compared with ₹0.65 crore in H1 FY26. Investing cash flow was negative ₹34.67 crore against negative ₹1.44 crore, financing cash flow was negative ₹1.12 crore against negative ₹2.33 crore, and capital expenditure was ₹2.95 crore compared with ₹2.45 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 583.10 | 546.50 |
| Total equity | 173.15 | 166.89 |
| Borrowings | 126.65 | 121.83 |
| Cash and equivalents | 2.29 | 1.76 |
| Inventories | 150.21 | 128.89 |
| Trade receivables | 160.13 | 186.38 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 49.15 | 0.65 |
| Cash from investing | −34.67 | −1.44 |
| Cash from financing | −1.12 | −2.33 |
| Capital expenditure | 2.95 | 2.45 |
Source: Company's results filing (XBRL).
How has Khadim India done over the last 8 quarters?
Revenue reached ₹160.17 crore in Q3 FY25, the highest point in the eight-quarter series, and fell to ₹77.84 crore in Q1 FY27 before recovering to ₹94.22 crore in Q2 FY27. Profit after tax reached ₹1.67 crore in Q2 FY26, recorded a loss of ₹0.18 crore in Q3 FY26, and rose to ₹2.65 crore in Q2 FY27. The EBITDA margin was 17.0% in Q4 FY25, the highest in the series, and declined to 2.0% in Q2 FY27.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026 on 5 November 2026, following review by the Audit Committee. Ray & Ray, the statutory auditors, issued limited review reports on the interim results. The same-day filing also stated that Abhijit Dan resigned as Group Company Secretary and Head-Legal, Key Managerial Personnel and Compliance Officer with effect from the close of business hours on 21 November 2026 to pursue an alternate career opportunity outside the organisation. The filing did not announce a dividend or fund raise.
How did Khadim India shares react?
After the filing appeared in the market, the Khadim India share price rose 2.0% in five minutes and 3.1% in 15 minutes. It was up 1.4% after 30 minutes and closed the reaction day 5.6% above its previous close of ₹119.98. The Footwear industry’s median reaction-day move was 1.1%, so Khadim India exceeded it by 4.5 percentage points.
| After the filing | Stock | Footwear median |
|---|---|---|
| 5 minutes | +2.0% | |
| 15 minutes | +3.1% | |
| 30 minutes | +1.4% | |
| Reaction day | +5.6% | +1.1% |
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 |
|---|---|
| 7 August 2026 | −1.1% |
| 20 May 2026 | −3.5% |
| 10 February 2026 | −0.6% |
| 7 November 2025 | +1.4% |
| 12 August 2025 | −2.3% |
| 20 May 2025 | +0.6% |
| 11 February 2025 | −8.1% |
| 8 November 2024 | +1.6% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Khadim India's revenue in Q2 FY27?
Revenue from operations was ₹94.22 crore, down 7.3% from ₹101.60 crore in Q2 FY26 (consolidated).
Did Khadim India make a profit in Q2 FY27?
Yes. Net profit was ₹2.65 crore, against a net profit of ₹1.67 crore in Q2 FY26.
What was Khadim India's EPS in Q2 FY27?
Basic earnings per share were ₹1.44, against ₹0.91 in Q2 FY26.
How did Khadim India shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.6% from the previous close; the median Footwear stock moved +1.1%.
When did Khadim India announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026 (BSE, 30 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 5 November 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 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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