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Laxmi Goldorna House Q2 FY27 results: net loss of ₹1.07 crore vs ₹3.76 crore profit, revenue up 102.4%
Laxmi Goldorna House Limited reported a standalone revenue of ₹50.29 crore in Q2 FY27, up from ₹24.85 crore a year earlier, but the company posted a net loss of ₹1.07 crore. EBITDA fell to ₹1.77 crore from ₹7.50 crore, while the EBITDA margin declined to 3.5% from 30.2%.
Key points
- Q2 FY27 revenue rose 102.4% year on year to ₹50.29 crore, compared with ₹24.85 crore in Q2 FY26.
- Q2 FY27 EBITDA was ₹1.77 crore, down 76.4% from ₹7.50 crore in Q2 FY26.
- The EBITDA margin fell to 3.5% from 30.2%, a decline of 26.7 percentage points.
- Laxmi Goldorna House reported a net loss of ₹1.07 crore in Q2 FY27, against a net profit of ₹3.76 crore in Q2 FY26.
- H1 FY27 revenue was ₹87.73 crore, up 64.0% from ₹53.50 crore in H1 FY26, while PAT fell to ₹0.10 crore from ₹5.97 crore.
How did Laxmi Goldorna House perform in Q2 FY27?
Laxmi Goldorna House’s standalone revenue from operations was ₹50.29 crore in Q2 FY27, compared with ₹24.85 crore in Q2 FY26 and ₹37.44 crore in Q1 FY27. Revenue rose 102.4% year on year and 34.3% sequentially. Total income was ₹50.30 crore, against ₹24.88 crore a year earlier and ₹37.45 crore in the previous quarter.
EBITDA fell to ₹1.77 crore from ₹7.50 crore in Q2 FY26 and ₹4.51 crore in Q1 FY27. The EBITDA margin was 3.5%, down from 30.2% a year earlier and 12.0% in the previous quarter. The company reported a loss before tax of ₹0.91 crore, compared with profit before tax of ₹4.62 crore in Q2 FY26 and ₹1.50 crore in Q1 FY27.
Net profit was ₹1.07 crore in Q2 FY26, but the company reported a net loss of ₹1.07 crore in Q2 FY27; Q1 FY27 net profit was ₹1.17 crore. Basic EPS was negative ₹0.21 for Q2 FY27, compared with ₹1.80 in Q2 FY26 and ₹0.23 in Q1 FY27. The results are standalone.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 50.29 | 37.44 | 24.85 | +102.4% | +34.3% |
| Other income | 0.01 | 0.01 | 0.03 | −66.7% | +0.0% |
| Total expenses | 51.11 | 35.79 | 20.35 | +151.2% | +42.8% |
| EBITDA | 1.77 | 4.51 | 7.50 | −76.4% | −60.8% |
| EBITDA margin | 3.5% | 12.0% | 30.2% | −26.7 pp | −8.5 pp |
| Profit before tax | −0.91 | 1.50 | 4.62 | turned to loss | turned to loss |
| Tax | 0.16 | 0.33 | 0.85 | −81.2% | −51.5% |
| Net profit | −1.07 | 1.17 | 3.76 | turned to loss | turned to loss |
| EPS (₹) | −0.21 | 0.23 | 1.80 | turned to loss | 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 Laxmi Goldorna House's costs and profit?
Total expenses rose to ₹51.11 crore in Q2 FY27 from ₹20.35 crore in Q2 FY26, an increase of ₹30.76 crore. Cost of materials consumed was ₹50.63 crore, up ₹33 crore from ₹17.63 crore, while employee cost rose ₹0.16 crore to ₹0.72 crore. Finance costs fell ₹0.41 crore to ₹2.54 crore, depreciation fell ₹0.01 crore to ₹0.04 crore, and other expenses fell ₹0.04 crore to ₹0.58 crore.
Other income was ₹0.01 crore in Q2 FY27, down ₹0.02 crore from ₹0.03 crore in Q2 FY26. The quarter included an exceptional charge of ₹0.10 crore, against an exceptional gain of ₹0.08 crore a year earlier. Tax expense fell ₹0.69 crore to ₹0.16 crore from ₹0.85 crore. The filing does not state a reason for the movement in profit beyond the reported cost and expense lines.
Against Q1 FY27, total expenses increased by ₹15.32 crore to ₹51.11 crore. Cost of materials rose ₹14.97 crore to ₹50.63 crore, while employee cost fell ₹0.34 crore to ₹0.72 crore, finance costs fell ₹0.28 crore to ₹2.54 crore and other expenses fell ₹0.27 crore to ₹0.58 crore. The exceptional charge was ₹0.10 crore, compared with ₹0.16 crore in the previous quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 50.63 | 17.63 | +33 | +187.2% |
| Employee cost | 0.72 | 0.56 | +0.16 | +28.6% |
| Finance costs | 2.54 | 2.95 | −0.41 | −13.9% |
| Depreciation | 0.04 | 0.05 | −0.01 | −20.0% |
| Other expenses | 0.58 | 0.62 | −0.04 | −6.5% |
| Total expenses | 51.11 | 20.35 | +30.76 | +151.2% |
| Other income | 0.01 | 0.03 | −0.02 | −66.7% |
| Tax | 0.16 | 0.85 | −0.69 | −81.2% |
| Exceptional items | −0.10 (charge) | +0.08 (gain) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue was ₹87.73 crore, compared with ₹53.50 crore in H1 FY26, an increase of ₹34.23 crore or 64.0%. Total income was ₹87.75 crore, up ₹34.2 crore or 63.9% from ₹53.55 crore. Basic EPS for the half-year was ₹0.02.
Profit before tax fell to ₹0.59 crore in H1 FY27 from ₹7.52 crore in H1 FY26, while PAT declined to ₹0.10 crore from ₹5.97 crore. The EPS change was from ₹2.86 to ₹0.02. The standalone filing provides the half-year financial statements and cash-flow statement for the period ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 87.73 | 53.50 | +64.0% |
| Profit before tax | 0.59 | 7.52 | −92.2% |
| Net profit | 0.10 | 5.97 | −98.3% |
| EPS (₹) | 0.02 | 2.86 | −99.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹186.35 crore, compared with ₹196.97 crore at 31 March 2026. Total equity was ₹59.95 crore, compared with ₹70.66 crore. Borrowings were ₹118.99 crore, up from ₹108.42 crore, while cash and cash equivalents were ₹1.30 crore, compared with ₹0.20 crore. Inventories were ₹145.29 crore and trade receivables ₹17.94 crore.
Trade payables were ₹4.11 crore at the end of H1 FY27, compared with ₹13.01 crore at the previous balance-sheet date. H1 FY27 operating cash flow was negative ₹4.00 crore, compared with negative ₹9.99 crore in H1 FY26. Investing cash flow was negative ₹0.10 crore versus negative ₹0.36 crore, financing cash flow was ₹5.21 crore versus ₹10.55 crore, and capital expenditure was ₹0.03 crore versus ₹0.00 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 186.35 | 196.97 |
| Total equity | 59.95 | 70.66 |
| Borrowings | 118.99 | 108.42 |
| Cash and equivalents | 1.30 | 0.20 |
| Inventories | 145.29 | 137.24 |
| Trade receivables | 17.94 | 26.66 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −4 | −9.99 |
| Cash from investing | −0.10 | −0.36 |
| Cash from financing | 5.21 | 10.55 |
| Capital expenditure | 0.03 | 0 |
Source: Company's results filing (XBRL).
How has Laxmi Goldorna House done over the last 8 quarters?
Revenue increased in each of the last two quarters year on year. It reached ₹50.29 crore in Q2 FY27, above ₹37.44 crore in Q1 FY27, while the earlier peak was ₹28.64 crore in Q1 FY26. The lowest revenue in the reported series was ₹22.16 crore in Q3 FY25.
PAT was negative ₹1.07 crore in Q2 FY27, following a net loss of ₹6.16 crore in Q4 FY26; the highest PAT in the series was ₹3.76 crore in Q2 FY26. EBITDA margin improved to 3.5% in Q2 FY27 from negative 7.2% in Q4 FY26, but remained below the peak of 30.4% in Q3 FY25 and the 30.2% reported in Q2 FY26.
Which businesses drove the quarter?
Gold & Jewellery reported revenue of ₹46.38 crore in Q2 FY27 and an EBIT loss of ₹0.91 crore. Its reported EBIT margin was negative 2.0%. The filing does not provide year-ago revenue or EBIT figures for this segment, so a year-on-year comparison cannot be stated.
Real Estate reported revenue of ₹3.91 crore, down 31.3% from ₹5.70 crore in the year-ago quarter, and EBIT of ₹2.64 crore, compared with ₹6.08 crore a year earlier. Its reported EBIT margin was 67.6%. Unallocated other income was ₹0.01 crore, with reported EBIT of ₹0.00 crore.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Gold & Jewellery | 46.38 | −0.91 | -2.0% | |
| Real Estate | 3.91 | −31.3% | 2.64 | 67.6% |
| Unallocated (Other Income) | 0.01 | 0 | 0.0% |
Source: Company's results filing (XBRL segment data).
How did other Gems Jewellery And Watches companies do?
Among 15 other Gems Jewellery And Watches companies that filed for the quarter, the median revenue growth was 39.7% as of 6 November 2026. Thirteen peers grew slower than Laxmi Goldorna House and 2 grew faster than the company. Of the 15 peers for which profit was compared, 12 reported higher profit.
| Laxmi Goldorna House revenue growth (YoY) | +102.4% |
|---|---|
| Median of 15 other Gems Jewellery And Watches companies | +39.7% |
| Companies with slower revenue growth than Laxmi Goldorna House | 13 of 15 |
| Companies with faster revenue growth than Laxmi Goldorna House | 2 of 15 |
| Companies whose net profit rose | 12 of 15 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Laxmi Goldorna House's revenue in Q2 FY27?
Revenue from operations was ₹50.29 crore, up 102.4% from ₹24.85 crore in Q2 FY26 (standalone).
Did Laxmi Goldorna House make a profit in Q2 FY27?
No. It reported a net loss of ₹1.07 crore, against a net profit of ₹3.76 crore in Q2 FY26.
What was Laxmi Goldorna House's EPS in Q2 FY27?
Basic loss per share was ₹0.21, against ₹1.80 in Q2 FY26.
When did Laxmi Goldorna House announce its Q2 FY27 results?
On 6 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 6 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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