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MPF Systems Q2 FY27 results: net loss narrows to ₹0.03 crore
MPF Systems Ltd reported a net loss of ₹0.03 crore for Q2 FY27 on a standalone basis, an improvement from a net loss of ₹0.04 crore in Q2 FY26 and ₹0.07 crore in Q1 FY27. Revenue was ₹0 crore, total expenses were ₹0.03 crore and basic EPS was -₹0.10. The results were approved by the board on 15 October 2026 and carried a limited review from the statutory auditors.
Key points
- Revenue was ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27.
- Net loss was ₹0.03 crore, against a net loss of ₹0.04 crore a year ago and ₹0.07 crore in the previous quarter.
- Total expenses fell 25.0% year on year to ₹0.03 crore and fell 72.7% from ₹0.11 crore in Q1 FY27.
- Basic EPS was -₹0.10, compared with -₹0.16 in Q2 FY26 and -₹0.24 in Q1 FY27.
- For H1 FY27, total income was ₹0.04 crore and the net loss was ₹0.03 crore, compared with a net loss of ₹0.17 crore in H1 FY26.
How did MPF Systems perform in Q2 FY27?
MPF Systems reported standalone revenue of ₹0 crore for Q2 FY27, unchanged from both Q2 FY26 and Q1 FY27. EBITDA was a loss of ₹0.03 crore, compared with a loss of ₹0.05 crore a year earlier and a loss of ₹0.11 crore in the previous quarter. An EBITDA margin was not reported for the quarter.
The net loss for the quarter was ₹0.03 crore, against a net loss of ₹0.04 crore in Q2 FY26 and ₹0.07 crore in Q1 FY27. Loss before tax was also ₹0.03 crore, while basic EPS was -₹0.10, compared with -₹0.16 and -₹0.24 in the two comparison quarters. The figures are standalone; the board also approved unaudited standalone results for the half year ended 30 September 2026, with a limited review report from the statutory auditors.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0.04 | 0 | ||
| Total expenses | 0.03 | 0.11 | 0.04 | −25.0% | −72.7% |
| EBITDA | −0.03 | −0.11 | −0.05 | ||
| Profit before tax | −0.03 | −0.07 | −0.04 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.03 | −0.07 | −0.04 | ||
| EPS (₹) | −0.10 | −0.24 | −0.16 |
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 MPF Systems' costs and profit?
Total expenses were ₹0.03 crore in Q2 FY27, down ₹0.01 crore or 25.0% from ₹0.04 crore in Q2 FY26. Employee cost fell ₹0.01 crore or 33.3% to ₹0.02 crore, while other expenses fell ₹0.01 crore or 50.0% to ₹0.01 crore. Cost of materials, finance costs and depreciation were unchanged at ₹0 crore.
Other income was ₹0 crore in Q2 FY27, unchanged from the year-ago quarter, and there was no exceptional item. Tax was ₹0 crore. Against Q1 FY27, total expenses fell ₹0.08 crore or 72.7%, other expenses fell ₹0.08 crore or 88.9% from ₹0.09 crore, and employee cost fell ₹0.01 crore or 33.3% from ₹0.03 crore. Other income was lower by ₹0.04 crore, and the filing does not state reasons for the changes in the cost lines.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.02 | 0.03 | −0.01 | −33.3% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.01 | 0.02 | −0.01 | −50.0% |
| Total expenses | 0.03 | 0.04 | −0.01 | −25.0% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue was ₹0 crore, unchanged from H1 FY26, while total income was ₹0.04 crore against ₹0 crore. Loss before tax narrowed to ₹0.03 crore from ₹0.04 crore, and the net loss was ₹0.03 crore compared with ₹0.17 crore in H1 FY26.
Basic EPS for the first half was -₹0.34, compared with -₹0.64 in H1 FY26. The movement reflects the higher total income and the lower loss before tax, together with the reduction in the net loss, as reported in the unaudited standalone results approved by the board.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.09 | −0.17 | |
| Net profit | −0.09 | −0.17 | |
| EPS (₹) | −0.34 | −0.64 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As at 30 September 2026, total assets were ₹6.59 crore against ₹6.55 crore as at 31 March 2026. Total equity was ₹3.39 crore, lower from ₹3.48 crore, and borrowings were ₹0 crore against ₹2.67 crore at the previous balance sheet date. Cash was ₹0.01 crore against ₹0.02 crore, while trade receivables were ₹4.45 crore against ₹4.46 crore and trade payables were ₹0.02 crore against ₹0.03 crore.
For H1 FY27, net cash flow from operating activities was -₹0.15 crore, compared with -₹0.28 crore in H1 FY26. Net cash flow from investing activities was ₹0 crore in both periods, while financing activities were ₹0.14 crore against ₹0 crore. Capital expenditure was ₹0 crore in each half year.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 6.59 | 6.55 |
| Total equity | 3.39 | 3.48 |
| Borrowings | 0 | 2.67 |
| Cash and equivalents | 0.01 | 0.02 |
| Inventories | 0 | 0 |
| Trade receivables | 4.45 | 4.46 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.15 | −0.28 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.14 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has MPF Systems done over the last 8 quarters?
The quarterly pattern shows revenue at ₹0 crore in Q3 FY25 and Q1 FY27 before reaching ₹4.45 crore in Q4 FY26, with an EBITDA margin of 98.9% that quarter, and returning to ₹0 crore in Q2 FY27. The Q4 FY26 revenue of ₹4.45 crore was the peak in the series, equal to the level of trade receivables reported at 30 September 2026.
Net profit bottomed at -₹1.15 crore in Q3 FY25, then improved to -₹0.04 crore in Q2 FY26, with a profit of ₹4.05 crore in Q4 FY26 before falling back to a loss of ₹0.07 crore in Q1 FY27 and a loss of ₹0.03 crore in Q2 FY27. The direction in the latest quarter was toward a smaller loss than in the previous quarter.
How did other Diversified Commercial Services companies do?
Twenty-five other Diversified Commercial Services companies that have filed for this quarter were compared. Their median revenue growth was 16.5%. Among peers whose revenue growth was measured, the data does not state how many grew slower than MPF Systems or how many grew faster.
| MPF Systems revenue growth (YoY) | not comparable |
|---|---|
| Median of 25 other Diversified Commercial Services companies | +16.5% |
| Companies whose net profit rose | 18 of 30 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was MPF Systems' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did MPF Systems make a profit in Q2 FY27?
No. It reported a net loss of ₹0.03 crore, against a net loss of ₹0.04 crore in Q2 FY26.
What was MPF Systems' EPS in Q2 FY27?
Basic loss per share was ₹0.10, against a loss of ₹0.16 in Q2 FY26.
When did MPF Systems announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting To Be Held On Thursday, 15Th October, 2026 (BSE, 12 October 2026) · PDF
- Results- Financial Result For The September 30, 2026 (BSE, 15 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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