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- Q2 FY27 results
Milestone Global Q2 FY27 results: net profit ₹0.72 crore vs ₹0.10 crore loss, revenue up 83.3%
Milestone Global Ltd reported consolidated revenue of ₹6.69 crore in Q2 FY27, up 83.3% from ₹3.65 crore in Q2 FY26. EBITDA was ₹0.78 crore with an 11.7% margin, while the company returned to profit with a net profit of ₹0.72 crore and basic EPS of ₹1.44.
Key points
- Consolidated revenue was ₹6.69 crore in Q2 FY27, up 83.3% from ₹3.65 crore in Q2 FY26.
- EBITDA was ₹0.78 crore with a margin of 11.7%, compared with a negative EBITDA margin of 3.5% in Q2 FY26.
- Net profit was ₹0.72 crore, against a net loss of ₹0.10 crore in Q2 FY26; basic EPS was ₹1.44.
- Revenue rose 46.4% from ₹4.57 crore in Q1 FY27, and net profit improved from a net loss of ₹0.03 crore.
- H1 FY27 revenue was ₹11.26 crore, up 44.0% from ₹7.82 crore in H1 FY26, while net profit was ₹0.69 crore.
How did Milestone Global perform in Q2 FY27?
Milestone Global reported consolidated revenue of ₹6.69 crore for Q2 FY27, compared with ₹3.65 crore in Q2 FY26 and ₹4.57 crore in Q1 FY27. EBITDA was ₹0.78 crore, with a margin of 11.7%, versus a negative EBITDA margin of 3.5% in Q2 FY26 and 0.5% in Q1 FY27.
The company reported a net profit of ₹0.72 crore in Q2 FY27, against a net loss of ₹0.10 crore in Q2 FY26 and a net loss of ₹0.03 crore in Q1 FY27. Basic EPS was ₹1.44 in the quarter. On the standalone basis, revenue was ₹3.83 crore and profit after tax was ₹0.03 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6.69 | 4.57 | 3.65 | +83.3% | +46.4% |
| Other income | 0.03 | 0.04 | 0.11 | −72.7% | −25.0% |
| Total expenses | 6 | 4.64 | 3.86 | +55.4% | +29.3% |
| EBITDA | 0.78 | 0.02 | −0.13 | turned to profit | +3800.0% |
| EBITDA margin | 11.7% | 0.5% | -3.5% | +15.2 pp | +11.2 pp |
| Profit before tax | 0.72 | −0.03 | −0.10 | turned to profit | turned to profit |
| Tax | 0 | 0 | 0 | ||
| Net profit | 0.72 | −0.03 | −0.10 | turned to profit | turned to profit |
| EPS (₹) | 1.44 | −0.06 | −0.22 | turned to profit | turned to profit |
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 Milestone Global's costs and profit?
Total expenses were ₹6 crore in Q2 FY27, up ₹2.14 crore from ₹3.86 crore in Q2 FY26. Cost of materials fell by ₹0.12 crore to ₹1.72 crore, employee cost rose by ₹0.13 crore to ₹0.54 crore, and other expenses increased by ₹1.09 crore to ₹3.28 crore. Depreciation and finance costs were unchanged.
Other income fell by ₹0.08 crore, from ₹0.11 crore in Q2 FY26 to ₹0.03 crore in Q2 FY27. There was no exceptional item, and tax remained unchanged at no tax expense. The filing did not state a reason for the changes in expenses or other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1.72 | 1.84 | −0.12 | −6.5% |
| Employee cost | 0.54 | 0.41 | +0.13 | +31.7% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.09 | 0.09 | 0 | +0.0% |
| Other expenses | 3.28 | 2.19 | +1.09 | +49.8% |
| Total expenses | 6 | 3.86 | +2.14 | +55.4% |
| Other income | 0.03 | 0.11 | −0.08 | −72.7% |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Milestone Global reported revenue of ₹11.26 crore, up 44.0% from ₹7.82 crore in H1 FY26. Total income was ₹11.33 crore, compared with ₹8.17 crore in the year-ago period.
Profit before tax and profit after tax were each ₹0.69 crore in H1 FY27, up ₹0.36 crore from ₹0.33 crore in H1 FY26. EPS was ₹1.37 in H1 FY27, compared with ₹0.46 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 11.26 | 7.82 | +44.0% |
| Profit before tax | 0.69 | 0.33 | +109.1% |
| Net profit | 0.69 | 0.33 | +109.1% |
| EPS (₹) | 1.37 | 0.46 | +197.8% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹12.41 crore, compared with ₹12.09 crore at 31 March 2026. Total equity was ₹10.62 crore against ₹10.13 crore, cash was ₹0.87 crore against ₹0.79 crore, and borrowings were ₹0.13 crore against no borrowings. Inventories rose from ₹4.42 crore to ₹4.62 crore.
Trade receivables were ₹2.46 crore at the quarter end, compared with ₹2.01 crore at 31 March 2026, while trade payables were ₹0.92 crore against ₹0.70 crore. In the first half, operating cash flow was negative ₹0.01 crore, compared with negative ₹0.19 crore in H1 FY26; investing cash flow was negative ₹0.04 crore against negative ₹0.09 crore, and financing cash flow was ₹0.13 crore against no financing cash flow.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 12.41 | 12.09 |
| Total equity | 10.62 | 10.13 |
| Borrowings | 0.13 | 0 |
| Cash and equivalents | 0.87 | 0.79 |
| Inventories | 4.62 | 4.42 |
| Trade receivables | 2.46 | 2.01 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.01 | −0.19 |
| Cash from investing | −0.04 | −0.09 |
| Cash from financing | 0.13 | 0 |
| Capital expenditure | 0.05 | 0.09 |
Source: Company's results filing (XBRL).
How has Milestone Global done over the last 8 quarters?
Revenue reached ₹6.69 crore in Q2 FY27, its highest level in the reported period, after ₹4.57 crore in Q1 FY27. Profit for the period was ₹0.72 crore, while the EBITDA margin was 11.7%.
Over the reported quarters, the EBITDA margin reached 16.0% in Q4 FY26 and bottomed at negative 3.5% in Q2 FY26. Revenue rose in each of the last two quarters. The trend data show that revenue has increased in each of the last two quarters year-on-year.
Which businesses drove the quarter?
Segment Europe was the largest reported business in Q2 FY27, with revenue of ₹4.74 crore, up 245.6% from ₹1.37 crore in Q2 FY26, and EBIT of ₹0.51 crore against a loss of ₹0.06 crore. Its EBIT margin was 10.8%. Segment USA reported revenue of ₹1.95 crore, up 3.2% from ₹1.89 crore, and EBIT of ₹0.30 crore against ₹0.01 crore; the EBIT margin was 15.3%. Segment Canada reported no revenue or EBIT in Q2 FY27, compared with ₹0.39 crore of revenue and ₹0.02 crore of EBIT in Q2 FY26.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Segment USA | 1.95 | +3.2% | 0.30 | 15.3% |
| Segment Europe | 4.74 | +245.6% | 0.51 | 10.8% |
| Segment Canada | 0 | 0 | ||
| Segment India | 0 | 0 |
Source: Company's results filing (XBRL segment data).
How did Milestone Global shares react?
The results were announced after market hours on 4 November 2026. On the reaction day, the stock moved up 5.0% from its pre-results close of ₹17.50. The industry median move was 0.0%, leaving a 5.0 percentage-point excess move against the sector. No next-day or five-day reaction figures were available.
Earlier reaction-day moves were up 2.8% on 11 August 2026, down 2.5% on 23 May 2026, up 5.0% on 24 May 2025, up 2.1% on 10 August 2024 and up 4.9% on 25 May 2024.
| After the filing | Stock | Other Construction Materials median |
|---|---|---|
| Reaction day | +5.0% | +0.0% |
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 |
|---|---|
| 11 August 2026 | +2.8% |
| 23 May 2026 | −2.5% |
| 24 May 2025 | +5.0% |
| 10 August 2024 | +2.1% |
| 25 May 2024 | +4.9% |
Source: MarketPing price-reaction measurement.
How did other Other Construction Materials companies do?
Eight other Other Construction Materials companies were compared for this quarter. Their median revenue growth was 7.4%, while all 8 companies grew slower than Milestone Global and none grew faster. Nine of 12 companies with comparable profit data reported higher profit.
| Milestone Global revenue growth (YoY) | +83.3% |
|---|---|
| Median of 8 other Other Construction Materials companies | +7.4% |
| Companies with slower revenue growth than Milestone Global | 8 of 8 |
| Companies with faster revenue growth than Milestone Global | 0 of 8 |
| Companies whose net profit rose | 9 of 12 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Milestone Global's revenue in Q2 FY27?
Revenue from operations was ₹6.69 crore, up 83.3% from ₹3.65 crore in Q2 FY26 (consolidated).
Did Milestone Global make a profit in Q2 FY27?
Yes. Net profit was ₹0.72 crore, against a net loss of ₹0.10 crore in Q2 FY26.
What was Milestone Global's EPS in Q2 FY27?
Basic earnings per share were ₹1.44, against a loss of ₹0.22 in Q2 FY26.
How did Milestone Global shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.0% from the previous close; the median Other Construction Materials stock moved +0.0%.
When did Milestone Global announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Considering And Approving The Unaudited Quarterly Financial Results For The Quarter/Half Year Ended 30Th September 2026. (BSE, 27 October 2026) · PDF
- Submission Of Unaudited Quarterly 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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