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Le Lavoir Q2 FY27 results: net loss of ₹0.60 crore vs ₹0.79 crore profit, revenue down 78.4%
Le Lavoir Limited reported consolidated revenue of ₹0.29 crore in Q2 FY27, down 78.4% from ₹1.34 crore in Q2 FY26, and a net loss of ₹0.60 crore against a profit of ₹0.79 crore a year earlier. EBITDA turned to a loss of ₹0.43 crore from ₹0.33 crore, with the margin falling to -150.3% from 24.6%. On a standalone basis, revenue was ₹0.15 crore and profit attributable to owners was ₹0.48 crore.
Key points
- Consolidated revenue fell 78.4% to ₹0.29 crore in Q2 FY27 from ₹1.34 crore in Q2 FY26, and declined 84.0% from ₹1.81 crore in Q1 FY27.
- The company reported a net loss of ₹0.60 crore in Q2 FY27, against a net profit of ₹0.79 crore in Q2 FY26 and ₹0.10 crore in Q1 FY27.
- EBITDA was a loss of ₹0.43 crore, with the margin at -150.3%, against EBITDA of ₹0.33 crore and a margin of 24.6% in Q2 FY26.
- Basic EPS turned to a loss of ₹1.72 from ₹2.44 in Q2 FY26 and ₹0.29 in Q1 FY27.
- In H1 FY27, revenue rose 20.8% to ₹2.09 crore, while the company moved to a net loss of ₹0.49 crore from a profit of ₹1.04 crore.
How did Le Lavoir perform in Q2 FY27?
Le Lavoir Limited reported consolidated revenue of ₹0.29 crore for Q2 FY27, down 78.4% from ₹1.34 crore in Q2 FY26 and down 84.0% from ₹1.81 crore in Q1 FY27. Total income fell 86.6% to ₹0.29 crore from ₹2.16 crore a year earlier and declined 84.2% from ₹1.84 crore in the previous quarter.
EBITDA for the quarter was a loss of ₹0.43 crore, against EBITDA of ₹0.33 crore in Q2 FY26 and ₹0.26 crore in Q1 FY27. The EBITDA margin was -150.3%, against 24.6% a year earlier and 14.5% in the previous quarter, a change of -174.9 percentage points from Q2 FY26.
Profit before tax was a loss of ₹0.61 crore, against ₹1.05 crore in Q2 FY26 and ₹0.15 crore in Q1 FY27. After tax of ₹0.01 crore, the company reported a net loss of ₹0.60 crore, with basic EPS of -1.72 against 2.44 and 0.29 respectively. On a standalone basis, revenue was ₹0.15 crore and profit attributable to owners was ₹0.48 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.29 | 1.81 | 1.34 | −78.4% | −84.0% |
| Other income | 0 | 0.03 | 0.82 | ||
| Total expenses | 0.89 | 1.69 | 1.11 | −19.8% | −47.3% |
| EBITDA | −0.43 | 0.26 | 0.33 | turned to loss | turned to loss |
| EBITDA margin | -150.3% | 14.5% | 24.6% | −174.9 pp | −164.8 pp |
| Profit before tax | −0.61 | 0.15 | 1.05 | turned to loss | turned to loss |
| Tax | −0.01 | 0.04 | 0.26 | ||
| Net profit | −0.60 | 0.10 | 0.79 | turned to loss | turned to loss |
| EPS (₹) | −1.72 | 0.29 | 2.44 | 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 Le Lavoir's costs and profit?
Total expenses in Q2 FY27 were ₹0.89 crore, down 19.8% from ₹1.11 crore in Q2 FY26 and down 47.3% from ₹1.69 crore in Q1 FY27. Within that, cost of materials was ₹0.13 crore, up ₹0.05 crore or 62.5% from a year earlier, employee benefit expense was ₹0.15 crore, up ₹0.13 crore or 650.0%, and depreciation was ₹0.18 crore, up ₹0.09 crore or 100.0%. Other expenses were ₹0.44 crore, up ₹0.16 crore or 57.1% from Q2 FY26 and up ₹0.18 crore or 69.2% from Q1 FY27.
Other income was ₹0 crore in the quarter, against ₹0.82 crore in Q2 FY26 and ₹0.03 crore in Q1 FY27. Finance costs were unchanged at ₹0 crore, there was no exceptional item, and the tax line moved to ₹0.01 crore from ₹0.26 crore a year earlier. The filing did not state reasons for the changes in these cost lines or the fall in other income.
Against Q1 FY27, cost of materials fell ₹0.96 crore or 88.1% to ₹0.13 crore and employee benefit expense fell ₹0.01 crore or 6.3% to ₹0.15 crore. Depreciation rose ₹0.04 crore or 28.6% to ₹0.18 crore, while other expenses rose ₹0.18 crore or 69.2% to ₹0.44 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.13 | 0.08 | +0.05 | +62.5% |
| Employee cost | 0.15 | 0.02 | +0.13 | +650.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.18 | 0.09 | +0.09 | +100.0% |
| Other expenses | 0.44 | 0.28 | +0.16 | +57.1% |
| Total expenses | 0.89 | 1.11 | −0.22 | −19.8% |
| Other income | 0 | 0.82 | −0.82 | |
| Tax | −0.01 | 0.26 | −0.27 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹2.09 crore, up 20.8% from ₹1.73 crore in H1 FY26. Total income for the half year was ₹2.12 crore, down 25.9% from ₹2.86 crore in the year-ago period.
Profit before tax moved to a loss of ₹0.46 crore from ₹1.39 crore in H1 FY26, a difference of ₹1.85 crore. The company reported a net loss of ₹0.49 crore against a net profit of ₹1.04 crore, and EPS moved to -1.43 from 3.22.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 2.09 | 1.73 | +20.8% |
| Profit before tax | −0.46 | 1.39 | turned to loss |
| Net profit | −0.49 | 1.04 | turned to loss |
| EPS (₹) | −1.43 | 3.22 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹32.61 crore as of 30 September 2026, against ₹32.17 crore as of 31 March 2026. Total equity was ₹24.57 crore compared with ₹25.06 crore, borrowings were ₹4.32 crore against ₹4.02 crore, and cash was ₹1.76 crore compared with ₹2.59 crore.
Inventories rose to ₹2.04 crore from ₹1.16 crore at the previous balance sheet date, trade receivables were ₹3.92 crore against ₹4.55 crore, and trade payables were ₹2.04 crore against ₹1.60 crore. In the filing, cash and cash equivalents stood at ₹154.56 lakh against ₹99.98 lakh and short-term borrowings were ₹395.72 lakh against ₹395.72 lakh.
For H1 FY27, operating cash flow was a outflow of ₹1.14 crore, against an inflow of ₹0.66 crore in H1 FY26. Investing cash flow was ₹0 crore against an outflow of ₹1.85 crore, financing cash flow was ₹0.31 crore against an outflow of ₹0.32 crore, and capital expenditure was ₹1.24 crore against ₹1.25 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 32.61 | 32.17 |
| Total equity | 24.57 | 25.06 |
| Borrowings | 4.32 | 4.02 |
| Cash and equivalents | 1.76 | 2.59 |
| Inventories | 2.04 | 1.16 |
| Trade receivables | 3.92 | 4.55 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.14 | 0.66 |
| Cash from investing | 0 | −1.85 |
| Cash from financing | 0.31 | −0.32 |
| Capital expenditure | 1.24 | 1.25 |
Source: Company's results filing (XBRL).
How has Le Lavoir done over the last 5 quarters?
Revenue over the last five quarters moved from ₹1.34 crore in Q2 FY26 to ₹3.5 crore in Q3 FY26, then fell to ₹1.41 crore in Q4 FY26 and ₹1.81 crore in Q1 FY27 before dropping to ₹0.29 crore in Q2 FY27. Q3 FY26 was the peak for revenue and Q2 FY27 the low point in the period shown.
Profit after tax moved from ₹0.79 crore in Q2 FY26 to ₹0.70 crore in Q3 FY26, ₹0.49 crore in Q4 FY26 and ₹0.10 crore in Q1 FY27, before turning to a loss of ₹0.60 crore in Q2 FY27. EBITDA margin fell from 13.6% in Q3 FY26 and 14.5% in Q1 FY27 to -150.3% in the latest quarter, its lowest level in the series shown.
Which businesses drove the quarter?
Dry Cleaning & Laundry Services reported revenue of ₹0.15 crore in Q2 FY27, down 88.1% from ₹1.25 crore in Q2 FY26. Segment EBIT was a loss of ₹0.51 crore against ₹0.59 crore a year earlier, with an EBIT margin of -345.1%.
Agricultural Products reported revenue of ₹0.08 crore, down 91.0% from ₹0.90 crore in the year-ago quarter, and segment EBIT of a loss of ₹0.09 crore against ₹0.20 crore, with an EBIT margin of -105.4%. Technology Products and Solutions recorded revenue of ₹0.06 crore, segment EBIT of a loss of ₹0.03 crore and an EBIT margin of -49.3%. The filing said Le Lavoir is primarily engaged in Dry Cleaning & Laundry Services, while its subsidiaries operate in Agricultural Products and Technology Products and Solutions.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Dry Cleaning & Laundry Services | 0.15 | −88.1% | −0.51 | -345.1% |
| Agricultural Products | 0.08 | −91.0% | −0.09 | -105.4% |
| Technology Products and Solutions | 0.06 | −0.03 | -49.3% |
Source: Company's results filing (XBRL segment data).
How did other Trading & Distributors companies do?
Thirty-one Trading & Distributors companies had filed results for this quarter as of 5 November 2026, and their median revenue growth was 46.8%. Of these, 4 grew more slowly than Le Lavoir and 27 grew faster than the company.
Among the peers for which profit was compared, 25 reported higher profit. The company itself reported a net loss of ₹0.60 crore in Q2 FY27, against ₹0.79 crore in Q2 FY26, a fall of ₹1.39 crore.
| Le Lavoir revenue growth (YoY) | −78.4% |
|---|---|
| Median of 31 other Trading & Distributors companies | +46.8% |
| Companies with slower revenue growth than Le Lavoir | 4 of 31 |
| Companies with faster revenue growth than Le Lavoir | 27 of 31 |
| Companies whose net profit rose | 25 of 44 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Le Lavoir's revenue in Q2 FY27?
Revenue from operations was ₹0.29 crore, down 78.4% from ₹1.34 crore in Q2 FY26 (consolidated).
Did Le Lavoir make a profit in Q2 FY27?
No. It reported a net loss of ₹0.60 crore, against a net profit of ₹0.79 crore in Q2 FY26.
What was Le Lavoir's EPS in Q2 FY27?
Basic loss per share was ₹1.72, against ₹2.44 in Q2 FY26.
When did Le Lavoir announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Wednesday, 4Th November, 2026 (BSE, 31 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Wednesday, 4Th November, 2026 (BSE, 4 November 2026) · PDF
- Submission Of Financial Results For The Quarter Ended On 30Th September, 2026. (BSE, 4 November 2026) · PDF
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