Malt Land Distilleries Q2 FY27 results: net profit ₹9.37 crore

How did Malt Land Distilleries perform in Q2 FY27?

Malt Land Distilleries reported consolidated revenue of ₹499.74 crore for the July–September 2026 quarter, against no revenue in the previous quarter. Total income was ₹499.79 crore, including other income of ₹0.05 crore, while total expenses were ₹500.07 crore. EBITDA was ₹0.34 crore and the EBITDA margin was -0.1%. Profit before tax was a loss of ₹0.29 crore, against ₹0.14 crore in Q1 FY27.

The company moved from a net loss of ₹9.52 crore in Q1 FY27 to a net profit of ₹9.37 crore in Q2 FY27, a difference of ₹18.89 crore. Basic EPS was ₹3.15, down from ₹3.21 in the previous quarter. There was no exceptional item in the quarter. On a standalone basis, revenue was ₹499.74 crore and the company reported a net loss of ₹0.29 crore, against profit before tax of ₹0.38 crore.

For the first half of FY27, consolidated revenue was ₹499.74 crore and total income was ₹500.05 crore. Profit before tax was a loss of ₹0.15 crore, the net loss was ₹0.15 crore and EPS was -0.05. The year-ago quarter comparison is not included in the filings provided.

What do the balance sheet and cash flow show?

Total assets fell to ₹924.32 crore as on 30 September 2026 from ₹3767.11 crore as on 31 March 2026. Total equity was ₹707.73 crore, compared with ₹648.58 crore at the previous balance sheet date, while borrowings declined to ₹216.39 crore from ₹3118.2 crore. Cash stood at ₹0.04 crore against ₹0.14 crore, and inventories were unchanged at ₹324.63 crore.

In the first half of FY27, operating activities generated ₹59.02 crore of cash flow, investing activities used ₹2842.69 crore and financing activities used ₹2901.81 crore. Capital expenditure was ₹0.12 crore. A comparison with the year-earlier cash flow is not included in the filings provided.

What did the auditors point out?

The auditors carried out a review, not an audit, and did not express an audit opinion. The report states that a review provides less assurance than an audit, and that the review was conducted to obtain moderate assurance on whether the financial statements are free of any material misstatement.

The report refers to a matter given in an emphasis of matter and states that, subject to it, the accompanying unaudited standalone financial results have not been prepared in accordance with applicable accounting standards under Section 133 of the Companies Act, 2013. It adds that nothing has come to its attention causing it to believe that the required disclosures under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the SEBI circular dated 5 July 2016, or the Institute of Chartered Accountants of India were not made. No going-concern qualification is stated in the excerpts provided.

How did other Other Food Products companies do?

Seven Other Food Products companies filed this quarter, and their median revenue growth was 28.5%. Six of the companies reported higher profit, while the filing covers six peers for the profit comparison. The data for the peer group is as on 4 November 2026.