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Mohit Industries Q2 FY27 results: net loss widens to ₹0.37 crore, revenue down 18.0%
Mohit Industries Limited reported consolidated revenue of ₹28.31 crore in Q2 FY27, down 18.0% from ₹34.54 crore in Q2 FY26. The company reported an EBITDA loss of ₹0.24 crore, a net loss of ₹0.37 crore and basic EPS of ₹0.26 loss for the September 2026 quarter; on a standalone basis, revenue was ₹28.31 crore and the net loss was ₹0.35 crore.
Key points
- Consolidated Q2 FY27 revenue was ₹28.31 crore, down 18.0% from ₹34.54 crore in Q2 FY26 and up 14.0% from ₹24.83 crore in Q1 FY27.
- Consolidated EBITDA was a loss of ₹0.24 crore, compared with ₹1.25 crore in Q2 FY26, while EBITDA margin was -0.8% versus 3.6%.
- The company reported a net loss of ₹0.37 crore and basic EPS of ₹0.26 loss for Q2 FY27, against a net loss of ₹0.14 crore and basic EPS of ₹0.10 loss in Q2 FY26.
- For H1 FY27, revenue was ₹53.14 crore, down 20.4% from ₹66.78 crore in H1 FY26, and the net loss was ₹0.66 crore.
- Total assets were ₹159.71 crore and total equity was ₹108.76 crore at 30 September 2026, while borrowings were ₹50.03 crore and cash was ₹0.02 crore.
How did Mohit Industries perform in Q2 FY27?
Mohit Industries reported consolidated revenue of ₹28.31 crore in Q2 FY27, down 18.0% from ₹34.54 crore in Q2 FY26. Against Q1 FY27, revenue was up 14.0% from ₹24.83 crore. Consolidated EBITDA was a loss of ₹0.24 crore, compared with ₹1.25 crore in Q2 FY26, and the EBITDA margin fell to -0.8% from 3.6%.
The company reported a consolidated net loss of ₹0.37 crore for Q2 FY27, compared with a net loss of ₹0.14 crore in Q2 FY26 and a net loss of ₹0.29 crore in Q1 FY27. Basic EPS was ₹0.26 loss, compared with ₹0.10 loss in Q2 FY26 and ₹0.21 loss in Q1 FY27. On a standalone basis, revenue was ₹28.31 crore, the net loss was ₹0.35 crore and basic EPS was ₹0.24 loss.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 28.31 | 24.83 | 34.54 | −18.0% | +14.0% |
| Other income | −0.17 | 1.58 | −0.05 | ||
| Total expenses | 29.57 | 26.68 | 34.69 | −14.8% | +10.8% |
| EBITDA | −0.24 | −0.58 | 1.25 | turned to loss | |
| EBITDA margin | -0.8% | -2.4% | 3.6% | −4.4 pp | +1.6 pp |
| Profit before tax | −0.65 | −0.27 | −0.20 | ||
| Tax | −0.31 | 0.05 | −0.05 | ||
| Net profit | −0.37 | −0.29 | −0.14 | ||
| EPS (₹) | −0.26 | −0.21 | −0.10 |
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 Mohit Industries' costs and profit?
Total expenses were ₹29.57 crore in Q2 FY27, down ₹5.12 crore, or 14.8%, from ₹34.69 crore in Q2 FY26. Cost of materials consumed was ₹29.22 crore, up ₹3.92 crore, or 15.5%; employee cost fell ₹0.75 crore, or 35.2%; finance costs fell ₹0.31 crore, or 31.0%; depreciation fell ₹0.06 crore, or 15.0%; and other expenses fell ₹1.26 crore, or 26.1%.
Other income was ₹0.17 crore in Q2 FY27, down ₹0.12 crore from Q2 FY26, while tax was ₹0.31 crore, down ₹0.26 crore from Q2 FY26. The quarter included an exceptional gain of ₹0.78 crore, against no exceptional item in Q2 FY26 and Q1 FY27. The filing does not state why costs, other income or tax changed.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 29.22 | 25.30 | +3.92 | +15.5% |
| Employee cost | 1.38 | 2.13 | −0.75 | −35.2% |
| Finance costs | 0.69 | 1 | −0.31 | −31.0% |
| Depreciation | 0.34 | 0.40 | −0.06 | −15.0% |
| Other expenses | 3.57 | 4.83 | −1.26 | −26.1% |
| Total expenses | 29.57 | 34.69 | −5.12 | −14.8% |
| Other income | −0.17 | −0.05 | −0.12 | |
| Tax | −0.31 | −0.05 | −0.26 | |
| Exceptional items | +0.78 (gain) | none |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Mohit Industries reported consolidated revenue of ₹53.14 crore, down 20.4% from ₹66.78 crore in H1 FY26. Total income was ₹54.09 crore, down 19.5% from ₹67.23 crore. The company reported a profit before tax loss of ₹0.92 crore and a net loss of ₹0.66 crore, compared with a profit before tax loss of ₹0.78 crore and a net loss of ₹0.57 crore in H1 FY26.
Basic EPS for H1 FY27 was ₹0.47 loss, compared with ₹0.40 loss in H1 FY26. The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, along with the statutory auditors’ limited review report.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 53.14 | 66.78 | −20.4% |
| Profit before tax | −0.92 | −0.78 | |
| Net profit | −0.66 | −0.57 | |
| EPS (₹) | −0.47 | −0.40 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹159.71 crore, compared with ₹149.66 crore at 31 March 2026, while total equity was ₹108.76 crore against ₹92.54 crore. Borrowings fell to ₹50.03 crore from ₹55.68 crore and cash was ₹0.02 crore against ₹0.03 crore. Inventories were ₹14.37 crore, trade receivables ₹7.18 crore and trade payables ₹0.35 crore.
For H1 FY27, operating cash flow was ₹5.71 crore, compared with ₹0.46 crore in H1 FY26. Investing cash flow was ₹1.58 crore against negative ₹2.99 crore, financing cash flow was negative ₹7.3 crore against ₹2.56 crore, and capital expenditure was ₹1.21 crore against ₹8.34 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 159.71 | 149.66 |
| Total equity | 108.76 | 92.54 |
| Borrowings | 50.03 | 55.68 |
| Cash and equivalents | 0.02 | 0.03 |
| Inventories | 14.37 | 16.61 |
| Trade receivables | 7.18 | 9.88 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 5.71 | 0.46 |
| Cash from investing | 1.58 | −2.99 |
| Cash from financing | −7.30 | 2.56 |
| Capital expenditure | 1.21 | 8.34 |
Source: Company's results filing (XBRL).
How has Mohit Industries done over the last 8 quarters?
Revenue reached ₹36.83 crore in Q4 FY26, its highest level in the reported series, before falling to ₹24.83 crore in Q1 FY27 and recovering to ₹28.31 crore in Q2 FY27. Profit bottomed at a loss of ₹0.57 crore in Q3 FY25 and briefly turned positive at ₹0.07 crore in Q4 FY26, then returned to a loss of ₹0.37 crore in Q2 FY27. EBITDA margin was highest at 3.6% in Q2 FY26 and lowest at -2.5% in Q3 FY25; it was -0.8% in Q2 FY27.
How did Mohit Industries shares react?
After the filing, the stock fell 1.9% in the first five minutes and 1.9% after 15 minutes, then fell 3.3% after 30 minutes. It fell 2.8% on the reaction day and was down 2.4% by the next day’s close from the pre-results close, according to the price-move data. The Other Textile Products industry median moved up 0.1% on the reaction day and up 1.5% by the next day’s close, so Mohit Industries underperformed by 2.9 percentage points and 3.8 percentage points, respectively.
Earlier results-day reactions were -5.4% on 12 August 2026, -9.0% on 29 May 2026 and -5.2% on 13 February 2026. Earlier positive reaction-day moves were 7.9% on 12 August 2025, 2.5% on 30 May 2025 and 0.2% on 11 February 2025.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | −1.9% | |
| 15 minutes | −1.9% | |
| 30 minutes | −3.3% | |
| Reaction day | −2.8% | +0.1% |
| Next day | −2.4% | +1.5% |
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 |
|---|---|
| 12 August 2026 | −5.4% |
| 29 May 2026 | −9.0% |
| 13 February 2026 | −5.2% |
| 14 November 2025 | −3.5% |
| 12 August 2025 | +7.9% |
| 30 May 2025 | +2.5% |
| 11 February 2025 | +0.2% |
| 14 November 2024 | −5.1% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 Other Textile Products companies compared for the quarter, the median revenue growth was 24.1%. Eight peers grew slower than Mohit Industries and 53 grew faster than it. Of 64 peers for which profit was compared, 44 reported higher profit.
| Mohit Industries revenue growth (YoY) | −18.0% |
|---|---|
| Median of 61 other Other Textile Products companies | +24.1% |
| Companies with slower revenue growth than Mohit Industries | 8 of 61 |
| Companies with faster revenue growth than Mohit Industries | 53 of 61 |
| Companies whose net profit rose | 44 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Mohit Industries' revenue in Q2 FY27?
Revenue from operations was ₹28.31 crore, down 18.0% from ₹34.54 crore in Q2 FY26 (consolidated).
Did Mohit Industries make a profit in Q2 FY27?
No. It reported a net loss of ₹0.37 crore, against a net loss of ₹0.14 crore in Q2 FY26.
What was Mohit Industries' EPS in Q2 FY27?
Basic loss per share was ₹0.26, against a loss of ₹0.10 in Q2 FY26.
How did Mohit Industries shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.8% from the previous close; the median Other Textile Products stock moved +0.1%.
When did Mohit Industries announce its Q2 FY27 results?
On 2 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026. (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, November 02, 2026 (BSE, 2 November 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 2 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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