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Lagnam Spintex Q2 FY27 results: net profit ₹8.18 crore vs ₹0.38 crore, revenue up 30.3%
Lagnam Spintex Limited reported standalone revenue of ₹172.59 crore and a net profit of ₹8.18 crore for Q2 FY27. Revenue rose 30.3% from Q2 FY26, while EBITDA increased 97.8% to ₹23.48 crore and the margin expanded 4.6 percentage points to 13.6%.
Key points
- Revenue was ₹172.59 crore in Q2 FY27, up 30.3% from ₹132.43 crore in Q2 FY26.
- EBITDA was ₹23.48 crore, up 97.8% from ₹11.87 crore, with the margin rising 4.6 percentage points to 13.6%.
- Net profit was ₹8.18 crore versus ₹0.38 crore in Q2 FY26, while basic EPS was ₹4.63.
- Against Q1 FY27, revenue rose 4.1% to ₹172.59 crore and net profit rose 38.9% to ₹8.18 crore.
- H1 FY27 revenue was ₹338.44 crore and net profit was ₹14.07 crore, compared with ₹272.53 crore and ₹2.35 crore in H1 FY26.
How did Lagnam Spintex perform in Q2 FY27?
Lagnam Spintex reported standalone revenue of ₹172.59 crore for Q2 FY27, up ₹40.16 crore or 30.3% from ₹132.43 crore in Q2 FY26. EBITDA rose ₹11.61 crore or 97.8% to ₹23.48 crore, while the margin increased 4.6 percentage points to 13.6%. Profit before tax was ₹11.97 crore, up from ₹0.41 crore.
Against Q1 FY27, revenue rose ₹6.73 crore or 4.1% to ₹172.59 crore. EBITDA increased ₹2.77 crore or 13.4% to ₹23.48 crore, and its margin rose 1.1 percentage points to 13.6%. Net profit rose ₹2.29 crore or 38.9% to ₹8.18 crore, while basic EPS increased ₹1.30 to ₹4.63.
The board approved the unaudited standalone results for the quarter and half year ended 30 September 2026. The filing states that the company has no subsidiary, associate or joint venture, so consolidated results were not applicable.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 172.59 | 165.86 | 132.43 | +30.3% | +4.1% |
| Other income | 0.18 | 0.07 | 0.07 | +157.1% | +157.1% |
| Total expenses | 160.80 | 156.97 | 132.08 | +21.7% | +2.4% |
| EBITDA | 23.48 | 20.71 | 11.87 | +97.8% | +13.4% |
| EBITDA margin | 13.6% | 12.5% | 9.0% | +4.6 pp | +1.1 pp |
| Profit before tax | 11.97 | 8.96 | 0.41 | +2819.5% | +33.6% |
| Tax | 3.79 | 3.07 | 0.03 | +12533.3% | +23.5% |
| Net profit | 8.18 | 5.89 | 0.38 | +2052.6% | +38.9% |
| EPS (₹) | 4.63 | 3.33 | 0.21 | +2104.8% | +39.0% |
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 Lagnam Spintex's costs and profit?
Total expenses rose ₹28.72 crore or 21.7% from Q2 FY26 to ₹160.80 crore, lower than the ₹40.16 crore increase in revenue. Cost of materials consumed was the largest expense at ₹137.68 crore, up ₹32.09 crore or 30.4%; employee cost rose ₹0.42 crore to ₹6.97 crore and other expenses increased ₹2.82 crore to ₹21.57 crore.
Finance costs were ₹7.54 crore, up ₹0.22 crore from ₹7.32 crore, while depreciation was ₹4.15 crore, down ₹0.06 crore from ₹4.21 crore. Other income rose ₹0.11 crore to ₹0.18 crore, and there was no exceptional item in either quarter.
Tax expense increased ₹3.76 crore from ₹0.03 crore in Q2 FY26 to ₹3.79 crore in Q2 FY27. Despite the higher tax charge, profit before tax rose ₹11.56 crore to ₹11.97 crore and net profit rose ₹7.80 crore to ₹8.18 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 137.68 | 105.59 | +32.09 | +30.4% |
| Employee cost | 6.97 | 6.55 | +0.42 | +6.4% |
| Finance costs | 7.54 | 7.32 | +0.22 | +3.0% |
| Depreciation | 4.15 | 4.21 | −0.06 | −1.4% |
| Other expenses | 21.57 | 18.75 | +2.82 | +15.0% |
| Total expenses | 160.80 | 132.08 | +28.72 | +21.7% |
| Other income | 0.18 | 0.07 | +0.11 | +157.1% |
| Tax | 3.79 | 0.03 | +3.76 | +12533.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue was ₹338.44 crore, up ₹65.91 crore or 24.2% from ₹272.53 crore in H1 FY26. Total income rose 24.2% to ₹338.69 crore, and profit before tax increased ₹17.77 crore to ₹20.93 crore.
Net profit for the first half was ₹14.07 crore, up ₹11.72 crore or 498.7% from ₹2.35 crore in H1 FY26. Basic EPS increased from ₹1.33 to ₹7.96. The half-year figures were unaudited and approved by the board on 17 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 338.44 | 272.53 | +24.2% |
| Profit before tax | 20.93 | 3.16 | +562.3% |
| Net profit | 14.07 | 2.35 | +498.7% |
| EPS (₹) | 7.96 | 1.33 | +498.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹628.42 crore, compared with ₹571.59 crore at 31 March 2026, while total equity rose to ₹149.50 crore from ₹135.35 crore. Borrowings increased to ₹407.29 crore from ₹357.90 crore, and cash stood at ₹1.10 crore compared with ₹0.18 crore.
Inventories were ₹117.94 crore at the end of September 2026, compared with ₹117.01 crore at 31 March 2026. Trade receivables increased to ₹89.01 crore from ₹68.94 crore, while trade payables fell to ₹10.35 crore from ₹20.56 crore.
Operating cash flow in H1 FY27 was negative ₹1.92 crore, compared with positive ₹49.59 crore in H1 FY26. Investing cash flow was negative ₹31.50 crore versus negative ₹2.19 crore, financing cash flow was positive ₹34.38 crore versus negative ₹47.39 crore, and capital expenditure was ₹28.18 crore compared with ₹2.32 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 628.42 | 571.59 |
| Total equity | 149.50 | 135.35 |
| Borrowings | 407.29 | 357.90 |
| Cash and equivalents | 1.10 | 0.18 |
| Inventories | 117.94 | 117.01 |
| Trade receivables | 89.01 | 68.94 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.92 | 49.59 |
| Cash from investing | −31.50 | −2.19 |
| Cash from financing | 34.38 | −47.39 |
| Capital expenditure | 28.18 | 2.32 |
Source: Company's results filing (XBRL).
How has Lagnam Spintex done over the last 8 quarters?
Revenue increased year on year in each of the last four quarters. It bottomed at ₹132.43 crore in Q2 FY26 and reached a period high of ₹179.65 crore in Q4 FY26, before easing to ₹165.86 crore in Q1 FY27 and rising to ₹172.59 crore in Q2 FY27.
Profit bottomed at ₹0.38 crore in Q2 FY26 and later reached ₹8.35 crore in Q4 FY26. It was ₹5.89 crore in Q1 FY27 and increased to ₹8.18 crore in Q2 FY27, while profit rose year on year in each of the last two quarters.
The EBITDA margin bottomed at 9.0% in Q2 FY26 and peaked at 15.2% in Q4 FY25. It then eased to 12.5% in Q1 FY27 before rising to 13.6% in Q2 FY27.
How did Lagnam Spintex shares react?
The filing was released after market hours on 17 October 2026. The stock did not move in the first 30 minutes, then rose 20.3% on the reaction day. By the next day’s close, it was up 30.7% from the pre-results close, and by the fifth session it was up 15.1%.
Other Other Textile Products stocks had a median move of -0.7% on the reaction day, -3.3% by the next day’s close and -4.4% by the fifth session. Lagnam Spintex exceeded the industry median by 21.0 percentage points on the reaction day, 34.0 percentage points by the next day and 19.5 percentage points by the fifth session.
Earlier reaction-day moves were mixed: 5.6% on 7 February 2026, 1.6% on 8 May 2026, -1.9% on 10 November 2025 and 0.5% on 11 August 2025.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | +20.3% | −0.7% |
| Next day | +30.7% | −3.3% |
| 5 days | +15.1% | −4.4% |
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 |
|---|---|
| 8 May 2026 | +1.6% |
| 7 February 2026 | +5.6% |
| 10 November 2025 | −1.9% |
| 11 August 2025 | +0.5% |
| 8 February 2025 | −0.7% |
| 11 November 2024 | −10.4% |
| 3 August 2024 | −17.1% |
| 29 April 2024 | +1.4% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 other Other Textile Products companies compared for the quarter, the median revenue growth was 22.4%. Forty peers grew slower than Lagnam Spintex and 21 grew faster than the company’s 30.3% revenue growth.
Of 64 peers for which profit was compared, 43 reported higher profit. The peer comparison was available as of 4 November 2026, while Lagnam Spintex reported revenue growth of 30.3% and net profit growth of 2052.6% in Q2 FY27.
| Lagnam Spintex revenue growth (YoY) | +30.3% |
|---|---|
| Median of 61 other Other Textile Products companies | +22.4% |
| Companies with slower revenue growth than Lagnam Spintex | 40 of 61 |
| Companies with faster revenue growth than Lagnam Spintex | 21 of 61 |
| Companies whose net profit rose | 43 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Lagnam Spintex's revenue in Q2 FY27?
Revenue from operations was ₹172.59 crore, up 30.3% from ₹132.43 crore in Q2 FY26 (standalone).
Did Lagnam Spintex make a profit in Q2 FY27?
Yes. Net profit was ₹8.18 crore, against a net profit of ₹0.38 crore in Q2 FY26.
What was Lagnam Spintex's EPS in Q2 FY27?
Basic earnings per share were ₹4.63, against ₹0.21 in Q2 FY26.
How did Lagnam Spintex shares react to the Q2 FY27 results?
On the reaction day the stock moved +20.3% from the previous close; the median Other Textile Products stock moved −0.7%.
When did Lagnam Spintex announce its Q2 FY27 results?
On 17 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 17 October 2026) · PDF
- Outcome of Board Meeting (NSE, 17 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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