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Nahar Spinning Mills Q2 FY27 results: net profit ₹71.05 crore vs ₹4.64 crore loss, revenue up 14.8%
Nahar Spinning Mills Limited reported standalone revenue of ₹894.44 crore and a net profit of ₹71.05 crore for Q2 FY27, compared with a net loss of ₹4.64 crore in Q2 FY26. EBITDA was ₹117.81 crore at a margin of 13.2%, against ₹25.56 crore and 3.3% a year earlier, while basic EPS was ₹19.69. The results were approved by the board on 30 October 2026 and are un-audited.
Key points
- Revenue was ₹894.44 crore in Q2 FY27, up ₹115.17 crore or 14.8% from ₹779.27 crore in Q2 FY26.
- EBITDA rose to ₹117.81 crore from ₹25.56 crore, and the margin was 13.2% against 3.3%, a rise of 9.9 percentage points.
- Nahar Spinning Mills reported a net profit of ₹71.05 crore in Q2 FY27, against a net loss of ₹4.64 crore in Q2 FY26.
- Basic EPS was ₹19.69 for the quarter, against a loss of ₹1.29 per share in Q2 FY26.
- For H1 FY27, revenue was ₹1,860.54 crore, up 16.4%, and profit after tax was ₹140.92 crore against ₹11.32 crore in H1 FY26.
How did Nahar Spinning Mills perform in Q2 FY27?
Nahar Spinning Mills reported standalone revenue of ₹894.44 crore for Q2 FY27, the July–September 2026 quarter, against ₹779.27 crore in Q2 FY26, a rise of ₹115.17 crore or 14.8%. Total income was ₹908.05 crore, up ₹127.05 crore or 16.3% from ₹781.0 crore. EBITDA stood at ₹117.81 crore against ₹25.56 crore a year earlier, and the EBITDA margin was 13.2% compared with 3.3%.
Profit before tax was ₹91.90 crore, against a loss of ₹7.03 crore in Q2 FY26, while profit after tax was ₹71.05 crore, against a net loss of ₹4.64 crore. Basic EPS was ₹19.69, against a loss of ₹1.29 per share. Against the previous quarter, Q1 FY27, revenue was lower at ₹894.44 crore versus ₹966.10 crore, and EBITDA was lower at ₹117.81 crore versus ₹127.09 crore, with the margin unchanged at 13.2%. Profit after tax was higher at ₹71.05 crore against ₹69.88 crore, and EPS was ₹19.69 against ₹19.38.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 894.44 | 966.10 | 779.27 | +14.8% | −7.4% |
| Other income | 13.61 | 9.42 | 1.73 | +686.7% | +44.5% |
| Total expenses | 816.16 | 882.14 | 788.03 | +3.6% | −7.5% |
| EBITDA | 117.81 | 127.09 | 25.56 | +360.9% | −7.3% |
| EBITDA margin | 13.2% | 13.2% | 3.3% | +9.9 pp | +0.0 pp |
| Profit before tax | 91.90 | 93.38 | −7.03 | turned to profit | −1.6% |
| Tax | 20.85 | 23.50 | −2.39 | −11.3% | |
| Net profit | 71.05 | 69.88 | −4.64 | turned to profit | +1.7% |
| EPS (₹) | 19.69 | 19.38 | −1.29 | turned to profit | +1.6% |
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 Nahar Spinning Mills' costs and profit?
Total expenses were ₹816.16 crore in Q2 FY27, higher by ₹28.13 crore or 3.6% than ₹788.03 crore in Q2 FY26. Cost of materials consumed was ₹583.35 crore, up ₹48.47 crore or 9.1%, and employee cost was ₹84.02 crore, up ₹5.71 crore or 7.3%. Finance costs were ₹13.04 crore, up ₹1.63 crore or 14.3%, depreciation was ₹26.49 crore, up ₹3.57 crore or 15.6%, and other expenses were ₹150.23 crore, down ₹2.54 crore or 1.7%.
Other income was ₹13.61 crore, up ₹11.88 crore or 686.7% from ₹1.73 crore in Q2 FY26. There was no exceptional item in either period. Tax expense was ₹20.85 crore against a credit of ₹2.39 crore in the year-ago quarter, a difference of ₹23.24 crore. The filing does not state the reasons for the changes in these cost and income lines.
Against Q1 FY27, total expenses were lower by ₹65.98 crore or 7.5%, at ₹816.16 crore, while other income was higher by ₹4.19 crore or 44.5%. Cost of materials consumed rose ₹34.08 crore or 6.2% and employee cost rose ₹1.73 crore or 2.1%. Finance costs fell ₹5.59 crore or 30.0%, depreciation rose ₹1.99 crore or 8.1%, and other expenses were lower by ₹0.21 crore or 0.1%. Tax expense was lower by ₹2.65 crore or 11.3%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 583.35 | 534.88 | +48.47 | +9.1% |
| Employee cost | 84.02 | 78.31 | +5.71 | +7.3% |
| Finance costs | 13.04 | 11.41 | +1.63 | +14.3% |
| Depreciation | 26.49 | 22.92 | +3.57 | +15.6% |
| Other expenses | 150.23 | 152.77 | −2.54 | −1.7% |
| Total expenses | 816.16 | 788.03 | +28.13 | +3.6% |
| Other income | 13.61 | 1.73 | +11.88 | +686.7% |
| Tax | 20.85 | −2.39 | +23.24 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, Nahar Spinning Mills reported standalone revenue of ₹1,860.54 crore, up ₹261.99 crore or 16.4% from ₹1,598.55 crore in H1 FY26. Total income was ₹1,883.57 crore against ₹1,603.96 crore, a rise of ₹279.61 crore or 17.4%. Profit before tax was ₹185.27 crore, compared with ₹14.02 crore in the year-ago period.
Profit after tax for H1 FY27 was ₹140.92 crore, against ₹11.32 crore in H1 FY26, an increase of ₹129.6 crore or 1144.9%. Basic EPS for the half year was ₹39.07, against ₹3.14 a year earlier, a difference of ₹35.93 or 1144.3%. The standalone results for the half year ended 30 September 2026 were approved by the board on 30 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1,861 | 1,599 | +16.4% |
| Profit before tax | 185.27 | 14.02 | +1221.5% |
| Net profit | 140.92 | 11.32 | +1144.9% |
| EPS (₹) | 39.07 | 3.14 | +1144.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹2,722.27 crore as on 30 September 2026, against ₹2,693.22 crore as on 31 March 2026. Total equity was ₹1,660.55 crore, against ₹1,512.12 crore, and borrowings were ₹851.12 crore compared with ₹982.97 crore. Cash and cash equivalents were ₹0.40 crore, against ₹1.21 crore. Inventories were ₹821.96 crore against ₹844.7 crore, trade receivables ₹500.78 crore against ₹511.71 crore, and trade payables ₹37.81 crore against ₹40.91 crore.
For H1 FY27, cash flow from operating activities was ₹298.97 crore, against ₹331.55 crore in H1 FY26. Investing cash flow was negative ₹154.8 crore, compared with negative ₹11.02 crore a year earlier, while financing cash flow was negative ₹144.94 crore against negative ₹351.18 crore. Capital expenditure was ₹170.31 crore in the half year, against ₹9.1 crore in H1 FY26. Closing cash for the period is not stated in the filing excerpt.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 2,722 | 2,693 |
| Total equity | 1,661 | 1,512 |
| Borrowings | 851.12 | 982.97 |
| Cash and equivalents | 0.40 | 1.21 |
| Inventories | 821.96 | 844.70 |
| Trade receivables | 500.78 | 511.71 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 298.97 | 331.55 |
| Cash from investing | −154.80 | −11.02 |
| Cash from financing | −144.94 | −351.18 |
| Capital expenditure | 170.31 | 9.10 |
Source: Company's results filing (XBRL).
How has Nahar Spinning Mills done over the last 8 quarters?
Revenue rose year on year in each of the last three quarters. Over the eight quarters shown, revenue was lowest at ₹702.56 crore in Q3 FY26 and highest at ₹966.10 crore in Q1 FY27, before easing to ₹894.44 crore in Q2 FY27. In the latest quarter, revenue was higher than ₹779.27 crore in Q2 FY26 but lower than the prior quarter.
Profit after tax was negative in Q2 FY26 and Q3 FY26, at a loss of ₹4.64 crore and a loss of ₹12.92 crore, before turning positive at ₹23.42 crore in Q4 FY26, ₹69.88 crore in Q1 FY27 and ₹71.05 crore in Q2 FY27. The EBITDA margin bottomed at 2.1% in Q3 FY26 and reached 13.2% in Q1 FY27, where it stayed in Q2 FY27, the highest level in the series.
How did Nahar Spinning Mills shares react?
The filing appeared while the market was open. The stock moved 0.2% in the first five minutes from the price at which the filing appeared and closed the reaction day 1.0% above its previous close of ₹258.40. By the next day's close, it was down 1.6% from that pre-results close. Over the same period, the Nifty Microcap 250 fell 2.5% on the reaction day and 1.1% by the next day's close. No industry median move was available.
Earlier results-day moves were mixed. The stock fell 6.8% on 5 August 2026, was unchanged on 28 May 2026 and rose 6.7% on 7 February 2026. The moves on 13 November 2025 and 31 July 2025 were falls of 3.2% and 5.4%, while the moves on 28 May 2025, 3 February 2025 and 12 November 2024 were rises of 5.6%, 4.5% and a fall of 8.1% respectively.
| After the filing | Stock |
|---|---|
| 5 minutes | +0.2% |
| Reaction day | +1.0% |
| Next day | −1.6% |
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 |
|---|---|
| 5 August 2026 | −6.8% |
| 28 May 2026 | +0.0% |
| 7 February 2026 | +6.7% |
| 13 November 2025 | −3.2% |
| 31 July 2025 | −5.4% |
| 28 May 2025 | +5.6% |
| 3 February 2025 | +4.5% |
| 12 November 2024 | −8.1% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Nahar Spinning Mills' revenue in Q2 FY27?
Revenue from operations was ₹894.44 crore, up 14.8% from ₹779.27 crore in Q2 FY26 (standalone).
Did Nahar Spinning Mills make a profit in Q2 FY27?
Yes. Net profit was ₹71.05 crore, against a net loss of ₹4.64 crore in Q2 FY26.
What was Nahar Spinning Mills' EPS in Q2 FY27?
Basic earnings per share were ₹19.69, against a loss of ₹1.29 in Q2 FY26.
How did Nahar Spinning Mills shares react to the Q2 FY27 results?
On the reaction day the stock moved +1.0% from the previous close.
When did Nahar Spinning Mills announce its Q2 FY27 results?
On 30 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 21 October 2026) · PDF
- Results For The Quarter And Half Year Ended 30.09.2026 (BSE, 30 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Board Meeting Outcome For The Quarter And Half Year Ended 30.09.2026 (BSE, 30 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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