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Martin Burn Q2 FY27 results: net profit down 39.0% to ₹0.36 crore
Martin Burn Ltd reported standalone Q2 FY27 revenue of ₹0.03 crore, a net profit of ₹0.36 crore and basic EPS of ₹0.70. Revenue was higher than Q2 FY26 but lower than Q1 FY27, while profit and EPS declined against both periods; the EBITDA margin was -3554.2%.
Key points
- Standalone Q2 FY27 revenue was ₹0.03 crore, against ₹0 crore in Q2 FY26 and ₹0.62 crore in Q1 FY27.
- Net profit was ₹0.36 crore, down from ₹0.59 crore in Q2 FY26 and ₹2.41 crore in Q1 FY27.
- Basic EPS was ₹0.70, compared with ₹1.14 in Q2 FY26 and ₹4.68 in Q1 FY27.
- EBITDA was ₹1.01 crore, with an EBITDA margin of -3554.2%.
- H1 FY27 total income was ₹5.86 crore and net profit was ₹2.77 crore, with basic EPS of ₹5.37.
How did Martin Burn perform in Q2 FY27?
Martin Burn reported standalone revenue of ₹0.03 crore in Q2 FY27, compared with ₹0 crore in Q2 FY26 and ₹0.62 crore in Q1 FY27. EBITDA was ₹1.01 crore, with a margin of -3554.2%, against -19869.6% in the year-ago quarter and -121.2% in the previous quarter. The filing states that sales figures are non-comparable because the company operates in the real estate business.
Profit before tax was ₹0.50 crore in Q2 FY27, down from ₹0.82 crore in Q2 FY26 and ₹2.85 crore in Q1 FY27. Net profit was ₹0.36 crore, against ₹0.59 crore and ₹2.41 crore respectively, while basic EPS was ₹0.70 versus ₹1.14 and ₹4.68. The results were standalone; the company said consolidated figures were furnished because it has no associates or subsidiaries.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.03 | 0.62 | 0 | −95.2% | |
| Other income | 1.56 | 3.65 | 1.78 | −12.4% | −57.3% |
| Total expenses | 1.09 | 1.42 | 0.97 | +12.4% | −23.2% |
| EBITDA | −1.01 | −0.75 | −0.91 | ||
| EBITDA margin | -3554.2% | -121.2% | -19869.6% | +16315.4 pp | −3433.0 pp |
| Profit before tax | 0.50 | 2.85 | 0.82 | −39.0% | −82.5% |
| Tax | 0.14 | 0.44 | 0.23 | −39.1% | −68.2% |
| Net profit | 0.36 | 2.41 | 0.59 | −39.0% | −85.1% |
| EPS (₹) | 0.70 | 4.68 | 1.14 | −38.6% | −85.0% |
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 Martin Burn's costs and profit?
Total expenses were ₹1.09 crore in Q2 FY27, up ₹0.12 crore or 12.4% from ₹0.97 crore in Q2 FY26. Employee cost rose ₹0.12 crore, or 33.3%, to ₹0.48 crore, while other expenses fell ₹0.39 crore, or 40.6%, to ₹0.57 crore. Depreciation fell ₹0.01 crore, or 20.0%, to ₹0.04 crore; finance cost and cost of materials were unchanged.
Other income declined ₹0.22 crore, or 12.4%, to ₹1.56 crore from ₹1.78 crore in Q2 FY26, and total income fell ₹0.21 crore, or 11.7%, to ₹1.58 crore. Tax expense fell ₹0.09 crore, or 39.1%, to ₹0.14 crore. There was no exceptional item in either quarter.
Against Q1 FY27, other income fell ₹2.09 crore, or 57.3%, and total expenses declined ₹0.33 crore, or 23.2%. Employee cost rose ₹0.11 crore, or 29.7%, to ₹0.48 crore, while other expenses fell ₹0.04 crore, or 6.6%, to ₹0.57 crore. Tax expense fell ₹0.30 crore, or 68.2%, to ₹0.14 crore; there was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.48 | 0.36 | +0.12 | +33.3% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.04 | 0.05 | −0.01 | −20.0% |
| Other expenses | 0.57 | 0.96 | −0.39 | −40.6% |
| Total expenses | 1.09 | 0.97 | +0.12 | +12.4% |
| Other income | 1.56 | 1.78 | −0.22 | −12.4% |
| Tax | 0.14 | 0.23 | −0.09 | −39.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue was ₹0.65 crore, compared with ₹0.01 crore in H1 FY26. Total income rose ₹2.27 crore, or 63.2%, to ₹5.86 crore, while profit before tax increased ₹1.36 crore, or 68.3%, to ₹3.35 crore.
Net profit rose ₹1.34 crore, or 93.7%, to ₹2.77 crore from ₹1.43 crore in H1 FY26. Basic EPS increased ₹2.59, or 93.2%, to ₹5.37 from ₹2.78. The board approved the unaudited standalone results for the quarter and half-year ended 30 September 2026 after review by the audit committee.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.65 | 0.01 | +6400.0% |
| Profit before tax | 3.35 | 1.99 | +68.3% |
| Net profit | 2.77 | 1.43 | +93.7% |
| EPS (₹) | 5.37 | 2.78 | +93.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹124.82 crore, up from ₹95.34 crore at 31 March 2026, and total equity was ₹87.29 crore versus ₹58.82 crore. Borrowings were ₹0.12 crore at both dates, while cash fell to ₹0.67 crore from ₹2.05 crore. Inventories declined to ₹0.41 crore from ₹0.80 crore, and trade receivables rose to ₹0.29 crore from ₹0.22 crore.
H1 FY27 operating cash flow was -₹1.87 crore, compared with -₹2.41 crore in H1 FY26. Investing cash flow was ₹0.51 crore against ₹1.94 crore, while financing cash flow was -₹0.02 crore against -₹0.01 crore. Capital expenditure was ₹0.01 crore, against ₹0.00 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 124.82 | 95.34 |
| Total equity | 87.29 | 58.82 |
| Borrowings | 0.12 | 0.12 |
| Cash and equivalents | 0.67 | 2.05 |
| Inventories | 0.41 | 0.80 |
| Trade receivables | 0.29 | 0.22 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.87 | −2.41 |
| Cash from investing | 0.51 | 1.94 |
| Cash from financing | −0.02 | −0.01 |
| Capital expenditure | 0.01 | 0 |
Source: Company's results filing (XBRL).
How has Martin Burn done over the last 8 quarters?
Revenue moved from ₹0.62 crore in Q1 FY27 to ₹0.03 crore in Q2 FY27, after being reported at ₹0.00 crore in the preceding four quarters. Profit followed the same direction, declining from ₹2.41 crore to ₹0.36 crore in the latest quarter. The EBITDA margin also fell, from -121.2% in Q1 FY27 to -3554.2% in Q2 FY27.
Across the supplied quarterly series, revenue peaked at ₹0.62 crore in Q1 FY27 and bottomed at ₹0.00 crore in several quarters. Profit peaked at ₹4.03 crore in Q4 FY25 and bottomed at ₹0.17 crore in Q4 FY26. The latest quarter therefore showed lower revenue, profit and margin than the preceding quarter.
How did Martin Burn shares react?
Martin Burn's reaction-day close was 7.9% below the previous close of ₹48.85, with the reference price after the filing at ₹45.00. By the next day's close, the stock was down 5.8% from that pre-results close. The Residential, Commercial Projects industry median was unchanged on the reaction day and up 0.3% by the next day's close, leaving Martin Burn 6.1 percentage points behind the sector on the next day.
| After the filing | Stock | Residential, Commercial Projects median |
|---|---|---|
| Reaction day | −7.9% | +0.0% |
| Next day | −5.8% | +0.3% |
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 |
|---|---|
| 28 July 2026 | +0.0% |
| 28 May 2026 | −1.2% |
| 20 January 2026 | +7.8% |
| 29 July 2025 | −0.8% |
| 28 May 2025 | +2.9% |
| 24 October 2024 | +4.2% |
| 12 August 2024 | −0.2% |
| 29 May 2024 | −2.6% |
Source: MarketPing price-reaction measurement.
How did other Residential, Commercial Projects companies do?
Among 11 other Residential, Commercial Projects companies that filed for the quarter, the median revenue growth was 14.3%. The number of peers growing slower than Martin Burn and the number growing faster are not provided in the available facts. Eight of 14 peers reported higher profit, based on the profit comparison.
| Martin Burn revenue growth (YoY) | not comparable |
|---|---|
| Median of 11 other Residential, Commercial Projects companies | +14.3% |
| Companies whose net profit rose | 8 of 14 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Martin Burn's revenue in Q2 FY27?
Revenue from operations was ₹0.03 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Martin Burn make a profit in Q2 FY27?
Yes. Net profit was ₹0.36 crore, against a net profit of ₹0.59 crore in Q2 FY26.
What was Martin Burn's EPS in Q2 FY27?
Basic earnings per share were ₹0.70, against ₹1.14 in Q2 FY26.
How did Martin Burn shares react to the Q2 FY27 results?
On the reaction day the stock moved −7.9% from the previous close; the median Residential, Commercial Projects stock moved +0.0%.
When did Martin Burn announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Prior Intimation Of Board Meeting (BSE, 17 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 28 October 2026) · PDF
- Results-Quarter Ended 30-09-2026 (BSE, 28 October 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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