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Mahalaxmi Fabric Mills Q2 FY27 results: net profit ₹1.75 crore vs ₹3.40 crore loss, revenue up 20.7%
Mahalaxmi Fabric Mills Limited reported consolidated revenue of ₹38.17 crore and a net profit of ₹1.75 crore for Q2 FY27. Revenue rose 20.7% from Q2 FY26, while the company moved from a net loss of ₹3.40 crore to profit; basic EPS was ₹1.65.
Key points
- Consolidated Q2 FY27 revenue was ₹38.17 crore, up 20.7% from ₹31.62 crore in Q2 FY26.
- EBITDA was ₹3.31 crore, up 49.8% from ₹2.21 crore, while EBITDA margin rose 1.7 percentage points to 8.7%.
- The company reported a net profit of ₹1.75 crore, against a net loss of ₹3.40 crore in Q2 FY26; basic EPS was ₹1.65.
- H1 FY27 revenue was ₹68.98 crore, up 5.9% from ₹65.14 crore, and PAT turned to ₹1.79 crore from a loss of ₹0.82 crore.
- Total assets were ₹195.33 crore and total equity was ₹99.52 crore as of 30 September 2026, compared with ₹199.76 crore and ₹97.69 crore at 31 March 2026.
How did Mahalaxmi Fabric Mills perform in Q2 FY27?
On a consolidated basis, Mahalaxmi Fabric Mills reported Q2 FY27 revenue of ₹38.17 crore, against ₹31.62 crore in Q2 FY26 and ₹30.81 crore in Q1 FY27. The July–September 2026 quarter was 20.7% above the year-ago quarter and 23.9% above the previous quarter.
EBITDA was ₹3.31 crore, compared with ₹2.21 crore in Q2 FY26 and ₹2.70 crore in Q1 FY27. The EBITDA margin was 8.7%, up 1.7 percentage points from 7.0% a year earlier, but down 0.1 percentage points from 8.8% in the previous quarter.
The company reported a net profit of ₹1.75 crore in Q2 FY27, against a net loss of ₹3.40 crore in Q2 FY26 and a net profit of ₹0.04 crore in Q1 FY27. Basic EPS was ₹1.65, compared with a loss of ₹3.21 per share a year earlier and ₹0.04 in the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 38.17 | 30.81 | 31.62 | +20.7% | +23.9% |
| Other income | 1.42 | 0.35 | 0.90 | +57.8% | +305.7% |
| Total expenses | 37.63 | 31.11 | 30.52 | +23.3% | +21.0% |
| EBITDA | 3.31 | 2.70 | 2.21 | +49.8% | +22.6% |
| EBITDA margin | 8.7% | 8.8% | 7.0% | +1.7 pp | −0.1 pp |
| Profit before tax | 1.96 | 0.05 | −2.43 | turned to profit | +3820.0% |
| Tax | 0.21 | 0.01 | 0.97 | −78.4% | +2000.0% |
| Net profit | 1.75 | 0.04 | −3.40 | turned to profit | +4275.0% |
| EPS (₹) | 1.65 | 0.04 | −3.21 | turned to profit | +4025.0% |
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 Mahalaxmi Fabric Mills' costs and profit?
Total expenses were ₹37.63 crore, up ₹7.11 crore from Q2 FY26. Cost of materials increased by ₹3.58 crore to ₹16.97 crore, employee cost rose by ₹0.39 crore to ₹1.98 crore, finance costs increased by ₹0.30 crore to ₹1.10 crore, depreciation rose by ₹1.37 crore to ₹1.67 crore, and other expenses increased by ₹4.25 crore to ₹18.85 crore.
Other income rose by ₹0.52 crore from ₹0.90 crore in Q2 FY26 to ₹1.42 crore in Q2 FY27. The year-ago quarter included an exceptional charge of ₹4.44 crore, while Q2 FY27 had no exceptional item.
Profit before tax moved from a loss of ₹2.43 crore in Q2 FY26 to profit of ₹1.96 crore, while tax fell by ₹0.76 crore to ₹0.21 crore. The consolidated net result therefore changed from a net loss of ₹3.40 crore to a net profit of ₹1.75 crore. The filing did not state reasons for the movements in individual cost lines.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 16.97 | 13.39 | +3.58 | +26.7% |
| Employee cost | 1.98 | 1.59 | +0.39 | +24.5% |
| Finance costs | 1.10 | 0.80 | +0.30 | +37.5% |
| Depreciation | 1.67 | 0.30 | +1.37 | +456.7% |
| Other expenses | 18.85 | 14.60 | +4.25 | +29.1% |
| Total expenses | 37.63 | 30.52 | +7.11 | +23.3% |
| Other income | 1.42 | 0.90 | +0.52 | +57.8% |
| Tax | 0.21 | 0.97 | −0.76 | −78.4% |
| Exceptional items | none | −4.44 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹68.98 crore, compared with ₹65.14 crore in H1 FY26, while total income was ₹70.75 crore against ₹66.99 crore. Revenue rose 5.9% and total income rose 5.6% from the year-earlier first half.
Profit before tax changed from a loss of ₹0.48 crore in H1 FY26 to profit of ₹2.01 crore in H1 FY27. PAT likewise moved from a loss of ₹0.82 crore to ₹1.79 crore, while EPS was ₹1.69, compared with a loss of ₹0.77 per share.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 68.98 | 65.14 | +5.9% |
| Profit before tax | 2.01 | −0.48 | turned to profit |
| Net profit | 1.79 | −0.82 | turned to profit |
| EPS (₹) | 1.69 | −0.77 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹195.33 crore, compared with ₹199.76 crore at 31 March 2026. Total equity was ₹99.52 crore against ₹97.69 crore, borrowings were ₹65.74 crore against ₹77.29 crore, and cash was ₹0.91 crore against ₹0.95 crore.
Inventories were ₹15.0 crore at 30 September 2026, compared with ₹9.74 crore at 31 March 2026. Trade receivables were ₹11.83 crore against ₹18.97 crore, and trade payables were ₹26.0 crore against ₹20.72 crore.
H1 FY27 operating cash flow was ₹3.49 crore, compared with ₹1.1 crore in H1 FY26. Investing cash flow was ₹10.45 crore against an outflow of ₹18.13 crore, financing cash flow was an outflow of ₹13.99 crore against an inflow of ₹17.9 crore, and capital expenditure was an outflow of ₹0.87 crore against ₹18.8 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 195.33 | 199.76 |
| Total equity | 99.52 | 97.69 |
| Borrowings | 65.74 | 77.29 |
| Cash and equivalents | 0.91 | 0.95 |
| Inventories | 15 | 9.74 |
| Trade receivables | 11.83 | 18.97 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 3.49 | 1.10 |
| Cash from investing | 10.45 | −18.13 |
| Cash from financing | −13.99 | 17.90 |
| Capital expenditure | −0.87 | 18.80 |
Source: Company's results filing (XBRL).
How has Mahalaxmi Fabric Mills done over the last 8 quarters?
Revenue reached its highest level in the supplied quarterly series at ₹39.16 crore in Q3 FY25 and its lowest at ₹26.36 crore in Q4 FY25. In the latest quarter, revenue rose to ₹38.17 crore from ₹30.81 crore in Q1 FY27.
Net profit was highest at ₹7.23 crore in Q4 FY25 and lowest at a loss of ₹3.40 crore in Q2 FY26. The latest quarterly net profit was ₹1.75 crore, higher than ₹0.04 crore in Q1 FY27.
EBITDA margin peaked at 8.8% in Q1 FY27 and was 8.7% in Q2 FY27. Across the full series, the margin was lowest at -6.5% in Q4 FY25, while revenue and profit have moved higher from the preceding quarter.
How did other Other Textile Products companies do?
Among 75 Other Textile Products companies compared for Q2 FY27, the median revenue growth was 24.5%. The peer group included 33 companies whose revenue grew more slowly than Mahalaxmi Fabric Mills and 42 whose revenue grew faster than the company.
Profit was higher at 55 of the 77 peers used for the profit comparison, with the peer data recorded as of 5 November 2026. Mahalaxmi Fabric Mills’ consolidated revenue growth of 20.7% was below the peer median of 24.5%.
| Mahalaxmi Fabric Mills revenue growth (YoY) | +20.7% |
|---|---|
| Median of 75 other Other Textile Products companies | +24.5% |
| Companies with slower revenue growth than Mahalaxmi Fabric Mills | 33 of 75 |
| Companies with faster revenue growth than Mahalaxmi Fabric Mills | 42 of 75 |
| Companies whose net profit rose | 55 of 77 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Mahalaxmi Fabric Mills' revenue in Q2 FY27?
Revenue from operations was ₹38.17 crore, up 20.7% from ₹31.62 crore in Q2 FY26 (consolidated).
Did Mahalaxmi Fabric Mills make a profit in Q2 FY27?
Yes. Net profit was ₹1.75 crore, against a net loss of ₹3.40 crore in Q2 FY26.
What was Mahalaxmi Fabric Mills' EPS in Q2 FY27?
Basic earnings per share were ₹1.65, against a loss of ₹3.21 in Q2 FY26.
When did Mahalaxmi Fabric Mills announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Thursday, November 05, 2026, For The Financial Year 2026-27. (BSE, 22 October 2026) · PDF
- Outcome Of Board Meeting Dated November 05, 2026 (BSE, 5 November 2026) · PDF
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