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Lehar Footwears Q2 FY27 results: net profit down 37.2% to ₹4.58 crore, revenue down 28.8%
Lehar Footwears Ltd reported standalone revenue of ₹100.06 crore and a net profit of ₹4.58 crore for Q2 FY27. Revenue fell 28.8% from Q2 FY26 but rose 33.5% from Q1 FY27, while basic EPS was ₹2.58.
Key points
- Q2 FY27 revenue was ₹100.06 crore, down 28.8% from ₹140.52 crore in Q2 FY26 and up 33.5% from ₹74.95 crore in Q1 FY27.
- EBITDA was ₹9.02 crore in Q2 FY27, with a 9.0% margin, compared with ₹12.60 crore and a 9.0% margin a year earlier.
- Net profit was ₹4.58 crore in Q2 FY27, down 37.2% from ₹7.29 crore in Q2 FY26 and up 52.2% from ₹3.01 crore in Q1 FY27.
- Basic EPS was ₹2.58 crore for the quarter and ₹4.29 crore for H1 FY27.
- Total assets stood at ₹303.27 crore on 30 September 2026, while borrowings were ₹69.03 crore and cash was ₹0.19 crore.
How did Lehar Footwears perform in Q2 FY27?
Lehar Footwears reported standalone revenue of ₹100.06 crore for Q2 FY27, down ₹40.46 crore or 28.8% from ₹140.52 crore in Q2 FY26. Against Q1 FY27, revenue rose ₹25.11 crore or 33.5% from ₹74.95 crore. Other income was ₹0.27 crore, taking total income to ₹100.33 crore.
EBITDA was ₹9.02 crore in Q2 FY27, down ₹3.58 crore or 28.4% from ₹12.60 crore in Q2 FY26, with the margin unchanged at 9.0%. Compared with Q1 FY27, EBITDA rose ₹2 crore or 28.5% from ₹7.02 crore, while the margin declined 0.4 percentage points from 9.4%.
Profit before tax was ₹6.10 crore in Q2 FY27, down ₹3.97 crore or 39.4% from ₹10.07 crore a year earlier and up ₹2.07 crore or 51.4% from ₹4.03 crore in Q1 FY27. Net profit was ₹4.58 crore, with basic EPS of ₹2.58, versus ₹7.29 crore and ₹4.13 in Q2 FY26 and ₹3.01 crore and ₹1.71 in Q1 FY27. The filing stated that the results were standalone.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 100.06 | 74.95 | 140.52 | −28.8% | +33.5% |
| Other income | 0.27 | 0.06 | 0.07 | +285.7% | +350.0% |
| Total expenses | 94.22 | 70.98 | 130.52 | −27.8% | +32.7% |
| EBITDA | 9.02 | 7.02 | 12.60 | −28.4% | +28.5% |
| EBITDA margin | 9.0% | 9.4% | 9.0% | +0.0 pp | −0.4 pp |
| Profit before tax | 6.10 | 4.03 | 10.07 | −39.4% | +51.4% |
| Tax | 1.52 | 1.02 | 2.78 | −45.3% | +49.0% |
| Net profit | 4.58 | 3.01 | 7.29 | −37.2% | +52.2% |
| EPS (₹) | 2.58 | 1.71 | 4.13 | −37.5% | +50.9% |
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 Lehar Footwears' costs and profit?
Total expenses fell ₹36.30 crore or 27.8% from Q2 FY26 to ₹94.22 crore, but the decline was smaller than the revenue reduction of ₹40.46 crore. Cost of materials was ₹48.30 crore, up ₹23.35 crore or 93.6% from ₹24.95 crore, while employee cost rose ₹3.81 crore or 88.2% from ₹4.32 crore to ₹8.13 crore.
Other expenses increased ₹1.37 crore or 10.6% to ₹14.26 crore, finance costs rose ₹0.24 crore or 19.7% to ₹1.46 crore, and depreciation rose ₹0.35 crore or 25.4% to ₹1.73 crore. Other income increased ₹0.20 crore or 285.7% from ₹0.07 crore to ₹0.27 crore.
Tax expense fell ₹1.26 crore or 45.3% from ₹2.78 crore to ₹1.52 crore. There was no exceptional item in either Q2 FY27 or Q2 FY26. The filing did not state reasons for the movements in the cost lines or other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 48.30 | 24.95 | +23.35 | +93.6% |
| Employee cost | 8.13 | 4.32 | +3.81 | +88.2% |
| Finance costs | 1.46 | 1.22 | +0.24 | +19.7% |
| Depreciation | 1.73 | 1.38 | +0.35 | +25.4% |
| Other expenses | 14.26 | 12.89 | +1.37 | +10.6% |
| Total expenses | 94.22 | 130.52 | −36.30 | −27.8% |
| Other income | 0.27 | 0.07 | +0.20 | +285.7% |
| Tax | 1.52 | 2.78 | −1.26 | −45.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Lehar Footwears reported revenue of ₹175.01 crore, down ₹107.71 crore or 38.1% from ₹282.72 crore in H1 FY26. Total income was ₹175.34 crore, down ₹107.50 crore or 38.0% from ₹282.84 crore.
Profit before tax fell ₹9.67 crore or 48.8% to ₹10.13 crore from ₹19.80 crore, while net profit declined ₹6.97 crore or 47.9% to ₹7.59 crore from ₹14.56 crore. Basic EPS for the first half was ₹4.29, compared with ₹8.24 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 175.01 | 282.72 | −38.1% |
| Profit before tax | 10.13 | 19.80 | −48.8% |
| Net profit | 7.59 | 14.56 | −47.9% |
| EPS (₹) | 4.29 | 8.24 | −47.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹303.27 crore on 30 September 2026 from ₹273.02 crore on 31 March 2026. Total equity rose to ₹138.99 crore from ₹132.44 crore, while borrowings increased to ₹69.03 crore from ₹52.50 crore and cash fell to ₹0.19 crore from ₹2.25 crore.
Inventories were ₹78.96 crore against ₹78.72 crore at the previous balance sheet date. Trade receivables rose to ₹94.72 crore from ₹77.70 crore, and trade payables increased to ₹71.49 crore from ₹60.65 crore.
For H1 FY27, operating cash flow was negative ₹0.29 crore, compared with ₹18.09 crore in H1 FY26. Investing cash flow was negative ₹13.76 crore against negative ₹1.43 crore, financing cash flow was ₹12.00 crore against negative ₹16.01 crore, and capital expenditure was ₹14.09 crore against ₹6.42 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 303.27 | 273.02 |
| Total equity | 138.99 | 132.44 |
| Borrowings | 69.03 | 52.50 |
| Cash and equivalents | 0.19 | 2.25 |
| Inventories | 78.96 | 78.72 |
| Trade receivables | 94.72 | 77.70 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.29 | 18.09 |
| Cash from investing | −13.76 | −1.43 |
| Cash from financing | 12 | −16.01 |
| Capital expenditure | 14.09 | 6.42 |
Source: Company's results filing (XBRL).
How has Lehar Footwears done over the last 8 quarters?
Revenue rose from ₹66.92 crore in Q3 FY25 to a peak of ₹142.20 crore in Q1 FY26, then fell to a low of ₹57.13 crore in Q3 FY26. It recovered to ₹91.26 crore in Q4 FY26 and ₹74.95 crore in Q1 FY27 before increasing to ₹100.06 crore in Q2 FY27.
Net profit peaked at ₹7.29 crore in Q2 FY26 and bottomed at ₹2.13 crore in Q3 FY26. It then moved to ₹4.14 crore in Q4 FY26, ₹3.01 crore in Q1 FY27 and ₹4.58 crore in Q2 FY27. The EBITDA margin was 9.0% in Q2 FY27, below the 9.4% recorded in Q1 FY27.
Which businesses drove the quarter?
Footwear, Accessories and other like products generated revenue of ₹100.23 crore in Q2 FY27, up 105.5% from ₹48.77 crore in Q2 FY26. Segment EBIT was ₹7.34 crore, compared with ₹4.16 crore a year earlier, and the reported EBIT margin was 7.3%.
Toolkit and others reported revenue of negative ₹0.17 crore in Q2 FY27, against ₹104.39 crore in Q2 FY26. Segment EBIT was negative ₹0.05 crore, compared with ₹7.13 crore a year earlier; the filing provided no revenue growth percentage or EBIT margin for this segment.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Footwear, Accessories and other like products | 100.23 | +105.5% | 7.34 | 7.3% |
| Toolkit and others | −0.17 | −0.05 |
Source: Company's results filing (XBRL segment data).
How did Lehar Footwears shares react?
The filing appeared after market hours. From the price when the results were released, the stock fell 6.5% after 5 minutes, 7.0% after 15 minutes and 8.1% after 30 minutes. On the reaction day, it closed 4.1% below the previous close, and by the next day's close it was 6.8% below that pre-results close.
Earlier reaction-day moves were mixed: negative 2.0% on 22 May 2026, negative 3.2% on 13 February 2026, positive 13.4% on 10 November 2025, positive 3.0% on 12 August 2025, positive 6.4% on 19 May 2025, positive 2.0% on 9 August 2024 and negative 2.9% on 30 May 2024. The board approved the unaudited results on 2 November 2026.
| After the filing | Stock | Footwear median |
|---|---|---|
| 5 minutes | −6.5% | |
| 15 minutes | −7.0% | |
| 30 minutes | −8.1% | |
| Reaction day | −4.1% | −0.6% |
| Next day | −6.8% | −0.6% |
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 |
|---|---|
| 22 May 2026 | −2.0% |
| 13 February 2026 | −3.2% |
| 10 November 2025 | +13.4% |
| 12 August 2025 | +3.0% |
| 19 May 2025 | +6.4% |
| 9 August 2024 | +2.0% |
| 30 May 2024 | −2.9% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Lehar Footwears' revenue in Q2 FY27?
Revenue from operations was ₹100.06 crore, down 28.8% from ₹140.52 crore in Q2 FY26 (standalone).
Did Lehar Footwears make a profit in Q2 FY27?
Yes. Net profit was ₹4.58 crore, against a net profit of ₹7.29 crore in Q2 FY26.
What was Lehar Footwears' EPS in Q2 FY27?
Basic earnings per share were ₹2.58, against ₹4.13 in Q2 FY26.
How did Lehar Footwears shares react to the Q2 FY27 results?
On the reaction day the stock moved −4.1% from the previous close; the median Footwear stock moved −0.6%.
When did Lehar Footwears announce its Q2 FY27 results?
On 2 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting To Be Held On 02Nd November, 2026 (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Meeting Held On 02Nd November, 2026 (BSE, 2 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended 30.09.2026 (BSE, 2 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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