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Lippi Systems Q2 FY27 results: net loss narrows to ₹0.04 crore
Lippi Systems Ltd reported a standalone net loss of ₹0.04 crore and basic EPS of ₹0.06 loss for Q2 FY27, compared with a net loss of ₹0.46 crore in Q2 FY26. Total income was ₹0.45 crore, while total expenses were ₹0.47 crore and there was no exceptional item. The figures are for the July–September 2026 quarter and were announced on 4 November 2026.
Key points
- Total income was ₹0.45 crore in Q2 FY27, up from ₹0.11 crore in Q2 FY26 and ₹0.38 crore in Q1 FY27.
- Total expenses were ₹0.47 crore, down from ₹0.74 crore a year earlier but up from ₹0.38 crore in the previous quarter.
- The company reported a net loss of ₹0.04 crore, compared with a net loss of ₹0.46 crore in Q2 FY26; basic EPS was ₹0.06.
- Other income was ₹0.45 crore in Q2 FY27, compared with ₹0.11 crore in Q2 FY26 and ₹0.38 crore in Q1 FY27.
- Standalone total assets were ₹35.07 crore and total equity was ₹34.11 crore as of 30 September 2026.
How did Lippi Systems perform in Q2 FY27?
Lippi Systems Ltd reported standalone revenue of ₹0 crore and total income of ₹0.45 crore for Q2 FY27, compared with total income of ₹0.11 crore in Q2 FY26 and ₹0.38 crore in Q1 FY27. Total expenses were ₹0.47 crore in Q2 FY27, against ₹0.74 crore in Q2 FY26 and ₹0.38 crore in Q1 FY27. The company reported an EBITDA loss of ₹0.33 crore; no EBITDA margin was reported.
The standalone net loss was ₹0.04 crore in Q2 FY27, compared with a net loss of ₹0.46 crore in Q2 FY26 and a net loss of ₹0.04 crore in Q1 FY27. Loss before tax was ₹0.02 crore in Q2 FY27, against ₹0.63 crore in Q2 FY26 and ₹0 crore in Q1 FY27. Basic EPS was ₹0.06 loss in Q2 FY27, compared with ₹0.66 loss in Q2 FY26 and ₹0 crore in Q1 FY27. No consolidated figures were provided in the filing.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0.45 | 0.38 | 0.11 | +309.1% | +18.4% |
| Total expenses | 0.47 | 0.38 | 0.74 | −36.5% | +23.7% |
| EBITDA | −0.33 | −0.25 | −0.54 | ||
| Profit before tax | −0.02 | 0 | −0.63 | turned to loss | |
| Tax | 0.02 | 0 | −0.17 | ||
| Net profit | −0.04 | 0 | −0.46 | turned to loss | |
| EPS (₹) | −0.06 | 0.00 | −0.66 | 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 Lippi Systems' costs and profit?
Other income was the main reported source of income in Q2 FY27 at ₹0.45 crore, up ₹0.34 crore from ₹0.11 crore in Q2 FY26 and up ₹0.07 crore from ₹0.38 crore in Q1 FY27. Total expenses fell ₹0.27 crore year on year, to ₹0.47 crore from ₹0.74 crore, while they rose ₹0.09 crore from ₹0.38 crore in the previous quarter.
Employee cost declined to ₹0.07 crore from ₹0.10 crore in Q2 FY26, depreciation declined to ₹0.13 crore from ₹0.20 crore, and other expenses declined to ₹0.26 crore from ₹0.43 crore. Finance cost was ₹0.01 crore against ₹0 crore in the year-ago quarter, and tax expense was ₹0.02 crore against ₹0.17 crore. There was no exceptional item. The filing did not state reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.07 | 0.10 | −0.03 | −30.0% |
| Finance costs | 0.01 | 0 | +0.01 | |
| Depreciation | 0.13 | 0.20 | −0.07 | −35.0% |
| Other expenses | 0.26 | 0.43 | −0.17 | −39.5% |
| Total expenses | 0.47 | 0.74 | −0.27 | −36.5% |
| Other income | 0.45 | 0.11 | +0.34 | +309.1% |
| Tax | 0.02 | −0.17 | +0.19 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, standalone revenue was ₹0 crore and total income was ₹0.83 crore, compared with revenue of ₹0 crore and total income of ₹0.24 crore in H1 FY26. The pre-tax loss was ₹0.02 crore, compared with ₹0.90 crore, and the net loss was ₹0.04 crore, compared with ₹0.68 crore. Basic EPS was ₹0.06 loss, compared with ₹0.97 loss in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.02 | −0.90 | |
| Net profit | −0.04 | −0.68 | |
| EPS (₹) | −0.06 | −0.97 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, standalone total assets were ₹35.07 crore, compared with ₹29.12 crore as of 31 March 2026. Total equity was ₹34.11 crore against ₹24.91 crore, borrowings were ₹0.33 crore against ₹2.96 crore, and cash was ₹1.76 crore against ₹0.01 crore. Trade receivables were ₹0.08 crore compared with ₹0.04 crore, and trade payables were ₹0.07 crore compared with ₹0.02 crore.
In the first half of FY27, operating cash flow was negative ₹5.56 crore, compared with negative ₹4.21 crore in H1 FY26. Investing cash flow was ₹0.72 crore against ₹0.24 crore, while financing cash flow was ₹6.6 crore against ₹2.11 crore. Capital expenditure was ₹0.01 crore in H1 FY27 and ₹0 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 35.07 | 29.12 |
| Total equity | 34.11 | 24.91 |
| Borrowings | 0.33 | 2.96 |
| Cash and equivalents | 1.76 | 0.01 |
| Inventories | 0 | 0 |
| Trade receivables | 0.08 | 0.04 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −5.56 | −4.21 |
| Cash from investing | 0.72 | 0.24 |
| Cash from financing | 6.60 | 2.11 |
| Capital expenditure | 0.01 | 0 |
Source: Company's results filing (XBRL).
How has Lippi Systems done over the last 8 quarters?
The quarterly profit trend shows a net profit of ₹4.97 crore in Q3 FY26, followed by a net loss of ₹0.52 crore in Q4 FY26. The loss narrowed to ₹0 crore in Q1 FY27 before widening to ₹0.04 crore in Q2 FY27. Revenue was reported at ₹0 crore in each quarter in the supplied trend data, and no EBITDA margin figures were provided.
Which businesses drove the quarter?
The company reported two operating businesses, manufacturing roto-gravure printing cylinders and generating power from wind turbine generators. In Q2 FY27, the Power Generation–Wind Farm segment reported revenue of ₹0.11 crore, up 66.6% from ₹0.07 crore in Q2 FY26, and an EBIT loss of ₹0.10 crore, compared with an EBIT loss of ₹0.13 crore. The filing also reported Other Income revenue of ₹0.34 crore, up 633.9% from ₹0.05 crore, with EBIT of ₹0.09 crore compared with an EBIT loss of ₹0.49 crore.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Other Income | 0.34 | +633.9% | 0.09 | 25.6% |
| Power Gerneration-Wind Farm | 0.11 | +66.6% | −0.10 | -90.5% |
Source: Company's results filing (XBRL segment data).
How did other Industrial Products companies do?
Among 43 Industrial Products companies compared, the median revenue growth was 33.8%. The data supplied does not include the number of other companies whose revenue grew faster or slower than Lippi Systems, or the number of peers that reported higher profit.
| Lippi Systems revenue growth (YoY) | not comparable |
|---|---|
| Median of 43 other Industrial Products companies | +33.8% |
| Companies whose net profit rose | 26 of 36 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Lippi Systems' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Lippi Systems make a profit in Q2 FY27?
No. It reported a net loss of ₹0.04 crore, against a net loss of ₹0.46 crore in Q2 FY26.
What was Lippi Systems' EPS in Q2 FY27?
Basic loss per share was ₹0.06, against a loss of ₹0.66 in Q2 FY26.
When did Lippi Systems announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Quartely Results 30Th September 2026 (BSE, 30 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30Th September 2026 (BSE, 4 November 2026) · PDF
- Unaudited Financial Results For The Quarter Ended 30Th September 2026 (BSE, 4 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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