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Panther Industrial Products Q2 FY27 results: net loss widens to ₹0.07 crore
Panther Industrial Products Ltd reported standalone results for Q2 FY27, with revenue of ₹0 crore, a net loss of ₹0.07 crore and basic EPS of -₹0.49. The loss was wider than in Q2 FY26 but narrower than in Q1 FY27, while H1 FY27 ended with a net loss of ₹0.15 crore. The results were approved by the board on 5 November 2026.
Key points
- Q2 FY27 revenue was ₹0 crore, unchanged from Q2 FY26 and Q1 FY27.
- Q2 FY27 net loss was ₹0.07 crore, compared with ₹0.05 crore in Q2 FY26 and ₹0.08 crore in Q1 FY27.
- Basic EPS was -₹0.49 in Q2 FY27, versus -₹0.35 in Q2 FY26 and -₹0.58 in Q1 FY27.
- H1 FY27 revenue was ₹0 crore and net loss was ₹0.15 crore, against ₹0 crore and a net loss of ₹0.10 crore in H1 FY26.
- Total assets were ₹1.1 crore at 30 September 2026, against ₹1.24 crore at 31 March 2026, with borrowings unchanged at ₹0.23 crore.
How did Panther Industrial Products perform in Q2 FY27?
Panther Industrial Products reported standalone revenue of ₹0 crore for Q2 FY27, unchanged from ₹0 crore in Q2 FY26 and Q1 FY27. The company reported a net loss of ₹0.07 crore for the quarter, compared with a net loss of ₹0.05 crore a year earlier and a net loss of ₹0.08 crore in the previous quarter. Basic EPS was -₹0.49, against -₹0.35 in Q2 FY26 and -₹0.58 in Q1 FY27.
The standalone EBITDA loss was ₹0.07 crore in Q2 FY27, against ₹0.05 crore in Q2 FY26 and ₹0.08 crore in Q1 FY27. Profit before tax was also a loss of ₹0.07 crore, while tax was ₹0 crore. No EBITDA margin was reported for the quarter, and the filing did not provide a consolidated result for the period.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.07 | 0.08 | 0.05 | +40.0% | −12.5% |
| EBITDA | −0.07 | −0.08 | −0.05 | ||
| Profit before tax | −0.07 | −0.08 | −0.05 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.07 | −0.08 | −0.05 | ||
| EPS (₹) | −0.49 | −0.58 | −0.35 |
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 Panther Industrial Products' costs and profit?
Total expenses rose to ₹0.07 crore in Q2 FY27 from ₹0.05 crore in Q2 FY26, an increase of ₹0.02 crore, or 40.0%. Other expenses accounted for the change, rising by ₹0.02 crore to ₹0.07 crore from ₹0.05 crore. Cost of materials, employee cost, finance costs and depreciation were each ₹0 crore in both periods.
Other income was unchanged at ₹0 crore from Q2 FY26, and there was no exceptional item in either quarter. Tax remained ₹0 crore. Against Q1 FY27, total expenses fell by ₹0.01 crore to ₹0.07 crore from ₹0.08 crore, a decline of 12.5%, while other expenses fell by the same ₹0.01 crore. The filing did not state a reason for the changes in expenses.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0 | 0 | 0 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.07 | 0.05 | +0.02 | +40.0% |
| Total expenses | 0.07 | 0.05 | +0.02 | +40.0% |
| 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, Panther Industrial Products reported revenue of ₹0 crore, unchanged from H1 FY26. The company reported a net loss of ₹0.15 crore, compared with a net loss of ₹0.10 crore in H1 FY26. Basic EPS was -₹1.07 in H1 FY27 against -₹0.73 in the year-ago period.
The H1 FY27 profit before tax was a loss of ₹0.15 crore, against a loss of ₹0.10 crore in H1 FY26. Total income was ₹0 crore in both periods. The standalone filing also showed total expenses of ₹0.15 crore for H1 FY27, compared with ₹0.10 crore for H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.15 | −0.10 | |
| Net profit | −0.15 | −0.10 | |
| EPS (₹) | −1.07 | −0.73 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets declined to ₹1.1 crore at 30 September 2026 from ₹1.24 crore at 31 March 2026. Total equity was ₹0.83 crore, compared with ₹0.98 crore at the previous balance sheet date. Borrowings were unchanged at ₹0.23 crore, while cash rose to ₹0.03 crore from ₹0.02 crore.
For H1 FY27, net cash from operating activities was ₹0.01 crore, compared with ₹0.03 crore in H1 FY26. Net cash used in investing activities was ₹0 crore in both periods, and financing cash flow was -₹0 crore against ₹0 crore a year earlier. Capital expenditure was ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1.10 | 1.24 |
| Total equity | 0.83 | 0.98 |
| Borrowings | 0.23 | 0.23 |
| Cash and equivalents | 0.03 | 0.02 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.01 | 0.03 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Panther Industrial Products done over the last 8 quarters?
Revenue was ₹0 crore in each of the eight quarters from Q3 FY25 through Q2 FY27, so there was no quarterly change in the reported top line. The net loss was ₹0.5 crore in Q3 FY25, narrowed to ₹0.05 crore in Q4 FY25, and then remained at ₹0.05 crore through Q3 FY26. It widened to ₹0.08 crore in Q4 FY26 and Q1 FY27 before narrowing to ₹0.07 crore in Q2 FY27.
The available quarterly trend does not provide an EBITDA margin series, so the shape of profitability is described by the net-loss figures rather than a margin peak or trough. The latest direction was a ₹0.01 crore improvement in net loss from Q1 FY27, while the loss remained wider than in Q2 FY26.
How did other Trading & Distributors companies do?
Among 40 other Trading & Distributors companies that filed for this quarter, the median revenue growth was 13.6%. Panther Industrial Products had revenue of ₹0 crore, while 30 of the peers reported higher profit; 54 peers were compared for profit.
| Panther Industrial Products revenue growth (YoY) | not comparable |
|---|---|
| Median of 40 other Trading & Distributors companies | +13.6% |
| Companies whose net profit rose | 30 of 54 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Panther Industrial Products' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Panther Industrial Products make a profit in Q2 FY27?
No. It reported a net loss of ₹0.07 crore, against a net loss of ₹0.05 crore in Q2 FY26.
What was Panther Industrial Products' EPS in Q2 FY27?
Basic loss per share was ₹0.49, against a loss of ₹0.35 in Q2 FY26.
When did Panther Industrial Products announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting Scheduled To Be Held On Thursday 05Th November, 2026 To Consider And Approve The Unaudited Financial Results For The Quater And Half Year Ended 30 September, 2026 (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Submission Of Outcome Of Board Meeting Held On Thursday 5Th November, 2026 (BSE, 5 November 2026) · PDF
- Unaudited Financial Result For The Quarter And Half Year Ended 30Th September, 2026. (BSE, 5 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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