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Maitri Enterprises Q2 FY27 results: net profit up 104.9% to ₹0.84 crore, revenue up 17.8%
Maitri Enterprises Ltd reported consolidated revenue of ₹9.14 crore in Q2 FY27, up 17.8% from ₹7.76 crore in Q2 FY26. EBITDA rose to ₹1.26 crore from ₹0.31 crore, while the margin increased to 13.7% from 4.0%; net profit was ₹0.84 crore and basic EPS was ₹1.92. The results were also reported on a standalone basis, with revenue of ₹9.14 crore and profit after tax of ₹0.86 crore.
Key points
- Consolidated Q2 FY27 revenue was ₹9.14 crore, up ₹1.38 crore, or 17.8%, from Q2 FY26.
- EBITDA was ₹1.26 crore in Q2 FY27 against ₹0.31 crore in Q2 FY26, while the margin rose to 13.7% from 4.0%.
- Profit before tax was ₹1.12 crore, up ₹0.73 crore, or 187.2%, and net profit was ₹0.84 crore against ₹0.41 crore.
- Basic EPS was ₹1.92, compared with ₹0.93 in Q2 FY26 and ₹1.05 in Q1 FY27.
- In H1 FY27, revenue was ₹14.34 crore and profit after tax was ₹0.38 crore; profit before tax was ₹0.74 crore.
How did Maitri Enterprises perform in Q2 FY27?
Maitri Enterprises reported consolidated revenue of ₹9.14 crore for Q2 FY27, compared with ₹7.76 crore in Q2 FY26 and ₹5.20 crore in Q1 FY27. EBITDA was ₹1.26 crore, with a margin of 13.7%, against ₹0.31 crore and 4.0% in the year-ago quarter and ₹0.28 crore and -5.4% in the previous quarter.
Profit before tax was ₹1.12 crore and net profit was ₹0.84 crore, compared with ₹0.39 crore and ₹0.41 crore in Q2 FY26 and losses of ₹0.38 crore and ₹0.46 crore in Q1 FY27. Basic EPS was ₹1.92, against ₹0.93 in Q2 FY26 and ₹1.05 in Q1 FY27.
The filing also included standalone results for the quarter. Standalone revenue was ₹9.14 crore, up 17.8% from ₹7.76 crore, while profit after tax was ₹0.86 crore, compared with ₹0.30 crore in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 9.14 | 5.20 | 7.76 | +17.8% | +75.8% |
| Other income | 0 | 0 | 0.30 | ||
| Total expenses | 8.02 | 5.59 | 7.67 | +4.6% | +43.5% |
| EBITDA | 1.26 | −0.28 | 0.31 | +306.5% | turned to profit |
| EBITDA margin | 13.7% | -5.4% | 4.0% | +9.7 pp | +19.1 pp |
| Profit before tax | 1.12 | −0.38 | 0.39 | +187.2% | turned to profit |
| Tax | 0.28 | 0.08 | −0.02 | +250.0% | |
| Net profit | 0.84 | −0.46 | 0.41 | +104.9% | turned to profit |
| EPS (₹) | 1.92 | 1.05 | 0.93 | +106.5% | +82.9% |
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 Maitri Enterprises' costs and profit?
Total expenses were ₹8.02 crore in Q2 FY27, up ₹0.35 crore, or 4.6%, from ₹7.67 crore in Q2 FY26. Cost of materials fell ₹1.53 crore, or 25.4%, to ₹4.50 crore, while other expenses rose ₹1.77 crore to ₹1.31 crore.
Employee cost was ₹0.22 crore, up ₹0.01 crore from ₹0.21 crore, and finance costs were ₹0.11 crore, down ₹0.09 crore from ₹0.20 crore. Depreciation was ₹0.03 crore against ₹0.02 crore. There was no exceptional item in either quarter.
Other income fell ₹0.30 crore, from ₹0.30 crore in Q2 FY26 to ₹0 crore in Q2 FY27. Tax expense was ₹0.28 crore against ₹0.02 crore in the year-ago quarter, a rise of ₹0.30 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 4.50 | 6.03 | −1.53 | −25.4% |
| Employee cost | 0.22 | 0.21 | +0.01 | +4.8% |
| Finance costs | 0.11 | 0.20 | −0.09 | −45.0% |
| Depreciation | 0.03 | 0.02 | +0.01 | +50.0% |
| Other expenses | 1.31 | −0.46 | +1.77 | |
| Total expenses | 8.02 | 7.67 | +0.35 | +4.6% |
| Other income | 0 | 0.30 | −0.30 | |
| Tax | 0.28 | −0.02 | +0.30 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹14.34 crore, down ₹0.39 crore, or 2.6%, from ₹14.73 crore in H1 FY26. Total income fell ₹0.76 crore, or 5.0%, to ₹14.34 crore from ₹15.10 crore.
Profit before tax turned to a profit of ₹0.74 crore from a loss of ₹0.44 crore in H1 FY26, a difference of ₹1.18 crore. Profit after tax turned to ₹0.38 crore from a loss of ₹0.29 crore, a difference of ₹0.67 crore, and EPS was ₹0.86.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 14.34 | 14.73 | −2.6% |
| Profit before tax | 0.74 | −0.44 | turned to profit |
| Net profit | 0.38 | −0.29 | turned to profit |
| EPS (₹) | 0.86 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹15.37 crore against ₹14.64 crore on 31 March 2026, and total equity was ₹5.64 crore against ₹5.26 crore. Borrowings fell to ₹4.56 crore from ₹4.83 crore, while cash declined to ₹0.43 crore from ₹0.51 crore.
Inventories rose to ₹6.18 crore from ₹4.14 crore, while trade receivables fell to ₹3.02 crore from ₹5.19 crore. Trade payables were ₹4.01 crore against ₹4.00 crore on the previous balance sheet date.
H1 FY27 operating cash flow was ₹0.41 crore, compared with ₹0.49 crore in H1 FY26. Investing cash flow was -₹0.03 crore against -₹0.01 crore, financing cash flow was -₹0.46 crore against -₹0.49 crore, and capital expenditure was ₹0.03 crore against ₹0.01 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 15.37 | 14.64 |
| Total equity | 5.64 | 5.26 |
| Borrowings | 4.56 | 4.83 |
| Cash and equivalents | 0.43 | 0.51 |
| Inventories | 6.18 | 4.14 |
| Trade receivables | 3.02 | 5.19 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.41 | 0.49 |
| Cash from investing | −0.03 | −0.01 |
| Cash from financing | −0.46 | −0.49 |
| Capital expenditure | 0.03 | 0.01 |
Source: Company's results filing (XBRL).
How has Maitri Enterprises done over the last 8 quarters?
Revenue rose to ₹9.14 crore in Q2 FY27 after falling to ₹5.20 crore in Q1 FY27. The previous high was ₹13.91 crore in Q4 FY26, while the low in the reported series was ₹4.66 crore in Q3 FY26.
Profit after tax improved to ₹0.84 crore in Q2 FY27 from a loss of ₹0.46 crore in Q1 FY27. The reported low was a loss of ₹0.70 crore in Q1 FY26, while the highest profit was ₹0.47 crore in Q4 FY26.
The EBITDA margin reached 13.7% in Q2 FY27, compared with -5.4% in Q1 FY27. The highest margin was 19.1% in Q3 FY26, and the lowest was -10.1% in Q1 FY26.
Which businesses drove the quarter?
The Sale of Services segment reported revenue of ₹7.87 crore in Q2 FY27, up 25.8% from ₹6.25 crore in the year-ago quarter. EBIT was ₹1.39 crore against ₹0.07 crore, with an EBIT margin of 17.7%.
The pharmaceutical Goods segment reported revenue of ₹1.27 crore, down 45.0% from ₹2.31 crore in Q2 FY26. EBIT was ₹0.01 crore against a loss of ₹0.68 crore, and the EBIT margin was 0.5%.
Unallocated EBIT was a loss of ₹0.27 crore, compared with ₹1.15 crore in the year-ago quarter. The segment reported no revenue in either quarter.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Segment - Sale of Services | 7.87 | +25.8% | 1.39 | 17.7% |
| Segment - pharmaceutical Goods | 1.27 | −45.0% | 0.01 | 0.5% |
| Unallocated | 0 | −0.27 |
Source: Company's results filing (XBRL segment data).
What did the auditors point out?
The auditor issued a qualified conclusion for the consolidated results because the auditor of the wholly owned subsidiary BSA Marketing Private Limited could not obtain sufficient appropriate audit evidence regarding the recoverability of certain trade receivables. The auditor said those balances had remained outstanding for more than three years and that supporting documents and balance confirmations were inadequate.
The excerpt states that the auditor was unable to comment on the recoverability of the balances and their consequential effects. The standalone limited review report separately said that nothing had come to the auditor’s attention to indicate that the standalone statement had not been prepared under the applicable accounting principles or that it contained a material misstatement.
How did other Aluminium companies do?
Five other Aluminium companies that had filed for the quarter had a median revenue growth of 34.6%, against revenue growth of 17.8% for Maitri Enterprises. Of those peers, one grew more slowly than the company and four grew faster.
Four of the five peers reported higher profit. The peer comparison was as of 6 November 2026.
| Maitri Enterprises revenue growth (YoY) | +17.8% |
|---|---|
| Median of 5 other Aluminium companies | +34.6% |
| Companies with slower revenue growth than Maitri Enterprises | 1 of 5 |
| Companies with faster revenue growth than Maitri Enterprises | 4 of 5 |
| Companies whose net profit rose | 4 of 5 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Maitri Enterprises' revenue in Q2 FY27?
Revenue from operations was ₹9.14 crore, up 17.8% from ₹7.76 crore in Q2 FY26 (consolidated).
Did Maitri Enterprises make a profit in Q2 FY27?
Yes. Net profit was ₹0.84 crore, against a net profit of ₹0.41 crore in Q2 FY26.
What was Maitri Enterprises' EPS in Q2 FY27?
Basic earnings per share were ₹1.92, against ₹0.93 in Q2 FY26.
When did Maitri Enterprises announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of 5Th Board Meeting Of FY 2026-27 Under Regulation 29 Of SEBI (LODR) Regulations, 2015. (BSE, 31 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Under Regulation 30 And Submission Of Financial Results Under Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 5 November 2026) · PDF
- Result-Financial Result For 30Th September, 2026 (BSE, 5 November 2026) · PDF
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