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Kritika Wires Q2 FY27 results: net profit down 6.1% to ₹1.07 crore, revenue down 5.4%
Kritika Wires Limited reported standalone revenue of ₹169.85 crore and a net profit of ₹1.07 crore for Q2 FY27. Revenue rose from the previous quarter, while profit declined; EBITDA margin was 1.5% compared with 2.8% in the year-ago quarter.
Key points
- Revenue was ₹169.85 crore in Q2 FY27, down 5.4% from ₹179.63 crore in Q2 FY26 and up 4.9% from ₹161.86 crore in Q1 FY27.
- EBITDA was ₹2.53 crore, down 49.6% from ₹5.02 crore year on year, while the EBITDA margin fell 1.3 percentage points to 1.5%.
- Net profit was ₹1.07 crore, down 6.1% from ₹1.14 crore a year earlier and down 33.1% from ₹1.60 crore in the previous quarter.
- Basic EPS was ₹0.04, unchanged from Q2 FY26 but lower than ₹0.06 in Q1 FY27.
- H1 FY27 revenue was ₹331.72 crore and net profit was ₹2.67 crore, compared with ₹386.48 crore and ₹4.39 crore in H1 FY26.
How did Kritika Wires perform in Q2 FY27?
Kritika Wires reported standalone revenue of ₹169.85 crore in Q2 FY27, down 5.4% from ₹179.63 crore in Q2 FY26 but up 4.9% from ₹161.86 crore in Q1 FY27. Total income was ₹171.49 crore, down 4.9% year on year and up 5.1% from the previous quarter. The results were standalone; no consolidated figures were given.
EBITDA was ₹2.53 crore, down 49.6% from ₹5.02 crore in Q2 FY26 and up 6.3% from ₹2.38 crore in Q1 FY27. The EBITDA margin was 1.5%, down 1.3 percentage points from 2.8% a year earlier and unchanged from the previous quarter. Profit before tax was ₹1.85 crore, up 22.5% year on year and 29.4% from Q1 FY27.
Net profit was ₹1.07 crore, down 6.1% from ₹1.14 crore in Q2 FY26 and down 33.1% from ₹1.60 crore in the previous quarter. Basic EPS was ₹0.04, unchanged from the year-ago quarter but down from ₹0.06 in Q1 FY27. The net profit margin was 0.6% in Q2 FY27, unchanged from Q2 FY26 and down 0.4 percentage points from Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 169.85 | 161.86 | 179.63 | −5.4% | +4.9% |
| Other income | 1.63 | 1.35 | 0.66 | +147.0% | +20.7% |
| Total expenses | 169.63 | 161.78 | 176.90 | −4.1% | +4.9% |
| EBITDA | 2.53 | 2.38 | 5.02 | −49.6% | +6.3% |
| EBITDA margin | 1.5% | 1.5% | 2.8% | −1.3 pp | +0.0 pp |
| Profit before tax | 1.85 | 1.43 | 1.51 | +22.5% | +29.4% |
| Tax | 0.78 | −0.16 | 0.37 | +110.8% | |
| Net profit | 1.07 | 1.60 | 1.14 | −6.1% | −33.1% |
| EPS (₹) | 0.04 | 0.06 | 0.04 | +0.0% | −33.3% |
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 Kritika Wires' costs and profit?
Total expenses were ₹169.63 crore in Q2 FY27, down 4.1% from ₹176.90 crore in Q2 FY26 but up 4.9% from ₹161.78 crore in Q1 FY27. Cost of materials was ₹171.38 crore, up 0.08 crore from the year-ago quarter, while employee cost rose 19.5% to ₹2.21 crore and finance costs increased 14.3% to ₹1.44 crore.
Other income was ₹1.63 crore, up ₹0.97 crore from ₹0.66 crore in Q2 FY26 and ₹0.28 crore from ₹1.35 crore in Q1 FY27. Depreciation fell 14.6% to ₹0.88 crore and other expenses declined 29.9% to ₹6.67 crore against the year-ago quarter. Q2 FY26 included an exceptional charge of ₹1.88 crore; there was no exceptional item in Q2 FY27.
Tax expense was ₹0.78 crore, up from ₹0.37 crore in Q2 FY26 and ₹0.16 crore in Q1 FY27. Profit before tax rose 22.5% to ₹1.85 crore from ₹1.51 crore year on year, but net profit fell 6.1% to ₹1.07 crore. The filing did not state the operational reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 171.38 | 171.30 | +0.08 | +0.0% |
| Employee cost | 2.21 | 1.85 | +0.36 | +19.5% |
| Finance costs | 1.44 | 1.26 | +0.18 | +14.3% |
| Depreciation | 0.88 | 1.03 | −0.15 | −14.6% |
| Other expenses | 6.67 | 9.52 | −2.85 | −29.9% |
| Total expenses | 169.63 | 176.90 | −7.27 | −4.1% |
| Other income | 1.63 | 0.66 | +0.97 | +147.0% |
| Tax | 0.78 | 0.37 | +0.41 | +110.8% |
| Exceptional items | none | −1.88 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Kritika Wires reported standalone revenue of ₹331.72 crore, down 14.2% from ₹386.48 crore in H1 FY26. Total income was ₹334.7 crore, down 13.7% from ₹388.0 crore. Profit before tax fell 37.2% to ₹3.29 crore from ₹5.24 crore.
Net profit for the first half was ₹2.67 crore, down 39.2% from ₹4.39 crore in H1 FY26. Basic EPS increased 11.1% to ₹0.10 from ₹0.09. The first-half results were standalone.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 331.72 | 386.48 | −14.2% |
| Profit before tax | 3.29 | 5.24 | −37.2% |
| Net profit | 2.67 | 4.39 | −39.2% |
| EPS (₹) | 0.10 | 0.09 | +11.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹191.3 crore on 30 September 2026, compared with ₹176.66 crore on 31 March 2026. Total equity was ₹103.61 crore against ₹100.82 crore, while borrowings were ₹55.38 crore compared with ₹54.96 crore. Cash and cash equivalents were ₹0.08 crore, lower than ₹0.59 crore at the previous balance-sheet date.
Inventories increased to ₹57.39 crore from ₹43.24 crore. Trade receivables fell to ₹28.89 crore from ₹36.0 crore, and trade payables rose to ₹27.52 crore from ₹16.25 crore. In the first half of FY27, operating cash flow was ₹10.75 crore, compared with ₹26.18 crore in H1 FY26; investing cash flow was ₹-8.9 crore against ₹-11.3 crore and financing cash flow was ₹-2.36 crore against ₹-14.97 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 191.30 | 176.66 |
| Total equity | 103.61 | 100.82 |
| Borrowings | 55.38 | 54.96 |
| Cash and equivalents | 0.08 | 0.59 |
| Inventories | 57.39 | 43.24 |
| Trade receivables | 28.89 | 36 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 10.75 | 26.18 |
| Cash from investing | −8.90 | −11.30 |
| Cash from financing | −2.36 | −14.97 |
| Capital expenditure | 0.86 | 0.07 |
Source: Company's results filing (XBRL).
How has Kritika Wires done over the last 8 quarters?
Revenue reached its highest point among the listed quarters at ₹239.15 crore in Q4 FY25 and its lowest at ₹146.7 crore in Q4 FY26. It then rose to ₹161.86 crore in Q1 FY27 and ₹169.85 crore in Q2 FY27, remaining below the earlier peak.
Net profit peaked at ₹3.4 crore in Q4 FY25 and bottomed at ₹1.07 crore in Q2 FY27. It had reached ₹2.05 crore in Q4 FY26 before falling to ₹1.6 crore in Q1 FY27. The EBITDA margin was highest at 2.8% in Q2 FY26 and was 1.5% in Q2 FY27, the same as Q1 FY27.
How did other Iron & Steel Products companies do?
Among the 38 other Iron & Steel Products companies that filed this quarter, the median revenue growth was 18.4%. Thirty-one peers grew faster than Kritika Wires, while seven grew slower than the company, based on the revenue-growth comparison for the quarter.
Of the 41 peers for which profit was compared, 25 reported higher profit. The peer data was available as of 5 November 2026.
| Kritika Wires revenue growth (YoY) | −5.4% |
|---|---|
| Median of 38 other Iron & Steel Products companies | +18.4% |
| Companies with slower revenue growth than Kritika Wires | 7 of 38 |
| Companies with faster revenue growth than Kritika Wires | 31 of 38 |
| Companies whose net profit rose | 25 of 41 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kritika Wires' revenue in Q2 FY27?
Revenue from operations was ₹169.85 crore, down 5.4% from ₹179.63 crore in Q2 FY26 (standalone).
Did Kritika Wires make a profit in Q2 FY27?
Yes. Net profit was ₹1.07 crore, against a net profit of ₹1.14 crore in Q2 FY26.
What was Kritika Wires' EPS in Q2 FY27?
Basic earnings per share were ₹0.04, against ₹0.04 in Q2 FY26.
When did Kritika Wires announce its Q2 FY27 results?
On 5 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 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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