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Paragon Finance Q2 FY27 results: net loss of ₹0.24 crore vs ₹0.56 crore profit, revenue down 98.7%
Paragon Finance Ltd reported standalone results for Q2 FY27, with revenue of ₹0.02 crore and a net loss of ₹0.24 crore compared with a net profit of ₹0.56 crore in the year-ago quarter. Profit before tax moved to a loss of ₹0.19 crore from ₹0.85 crore, and basic EPS was negative ₹0.56. The board approved the unaudited standalone results for the quarter and half-year ended 30 September 2026 on 5 November 2026.
Key points
- Revenue was ₹0.02 crore in Q2 FY27, down ₹1.49 crore or 98.7% from ₹1.51 crore in Q2 FY26.
- The company reported a net loss of ₹0.24 crore in Q2 FY27 against a net profit of ₹0.56 crore a year earlier.
- Basic EPS was negative ₹0.56 for Q2 FY27, compared with ₹1.32 in Q2 FY26 and ₹7.92 in Q1 FY27.
- Total expenses were ₹0.42 crore, lower than ₹0.66 crore in Q2 FY26, while other income was ₹0.21 crore.
- For H1 FY27, profit after tax was ₹3.13 crore, up 59.7% from ₹1.96 crore in H1 FY26.
How did Paragon Finance perform in Q2 FY27?
Paragon Finance reported revenue from operations of ₹0.02 crore for the quarter ended 30 September 2026, down ₹1.49 crore or 98.7% from ₹1.51 crore in Q2 FY26. Total income fell to ₹0.23 crore from ₹1.51 crore, a decline of ₹1.28 crore or 84.8%. Against the previous quarter, revenue was lower by ₹4.31 crore or 99.5% from ₹4.33 crore in Q1 FY27.
The company reported a loss before tax of ₹0.19 crore in Q2 FY27, against ₹0.85 crore in Q2 FY26 and ₹4 crore in Q1 FY27. A net loss of ₹0.24 crore compared with a net profit of ₹0.56 crore a year earlier and ₹3.37 crore in the previous quarter. Basic EPS was negative ₹0.56, against ₹1.32 in Q2 FY26 and ₹7.92 in Q1 FY27. EBITDA and EBITDA margin were not reported.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.02 | 4.33 | 1.51 | −98.7% | −99.5% |
| Other income | 0.21 | 0 | 0 | ||
| Total expenses | 0.42 | 0.33 | 0.66 | −36.4% | +27.3% |
| Profit before tax | −0.19 | 4 | 0.85 | turned to loss | turned to loss |
| Tax | 0.05 | 0.64 | 0.29 | −82.8% | −92.2% |
| Net profit | −0.24 | 3.37 | 0.56 | turned to loss | turned to loss |
| EPS (₹) | −0.56 | 7.92 | 1.32 | turned to loss | turned to loss |
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 Paragon Finance's costs and profit?
Total expenses were ₹0.42 crore in Q2 FY27, down ₹0.24 crore or 36.4% from ₹0.66 crore in the year-ago quarter and up ₹0.09 crore or 27.3% from ₹0.33 crore in Q1 FY27. Employee benefits expense fell to ₹0.09 crore from ₹0.37 crore, a reduction of ₹0.28 crore or 75.7%. Finance costs were ₹0.02 crore against ₹0 crore, depreciation was ₹0.08 crore against ₹0.06 crore, and other expenses were unchanged at ₹0.25 crore.
Other income was ₹0.21 crore, up ₹0.21 crore from ₹0 crore in Q2 FY26, while total expenses were lower. There was no exceptional item. Tax expense was ₹0.05 crore, down ₹0.24 crore or 82.8% from ₹0.29 crore in the year-ago quarter and ₹0.59 crore or 92.2% below Q1 FY27. The filing did not state why revenue or profit moved.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.09 | 0.37 | −0.28 | −75.7% |
| Finance costs | 0.02 | 0 | +0.02 | |
| Depreciation | 0.08 | 0.06 | +0.02 | +33.3% |
| Other expenses | 0.25 | 0.25 | 0 | +0.0% |
| Total expenses | 0.42 | 0.66 | −0.24 | −36.4% |
| Other income | 0.21 | 0 | +0.21 | |
| Tax | 0.05 | 0.29 | −0.24 | −82.8% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, revenue from operations was ₹0.91 crore, down ₹2.8 crore or 75.5% from ₹3.71 crore in H1 FY26. Total income rose to ₹4.56 crore from ₹3.71 crore, an increase of ₹0.85 crore or 22.9%. The statement of results shows a net gain on fair value changes of ₹29.38 lakh for the half-year against ₹62.82 lakh a year earlier.
Profit before tax for H1 FY27 was ₹3.81 crore, up ₹1.47 crore or 62.8% from ₹2.34 crore in H1 FY26. Profit after tax was ₹3.13 crore, up ₹1.17 crore or 59.7% from ₹1.96 crore, and EPS was ₹7.36 against ₹4.61. Total expenses were ₹74.24 lakh for the half-year against ₹137.09 lakh in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.91 | 3.71 | −75.5% |
| Profit before tax | 3.81 | 2.34 | +62.8% |
| Net profit | 3.13 | 1.96 | +59.7% |
| EPS (₹) | 7.36 | 4.61 | +59.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹35.98 crore as on 30 September 2026, compared with ₹32.76 crore as on 31 March 2026. Total equity was ₹32.16 crore against ₹28.63 crore at the previous balance sheet date, and cash and cash equivalents were ₹0.88 crore against ₹1.04 crore. The balance sheet in the filing shows borrowings other than debt securities of ₹157.81 lakh against ₹139.66 lakh at 31 March 2026.
For H1 FY27, operating cash flow was ₹6.34 crore against negative ₹0.07 crore in H1 FY26. Investing cash flow was negative ₹6.68 crore compared with negative ₹0.68 crore, and financing cash flow was ₹0.18 crore against ₹0 crore. Capital expenditure was ₹0 crore for the half-year against ₹0.72 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 35.98 | 32.76 |
| Total equity | 32.16 | 28.63 |
| Cash and equivalents | 0.88 | 1.04 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 6.34 | −0.07 |
| Cash from investing | −6.68 | −0.68 |
| Cash from financing | 0.18 | 0 |
| Capital expenditure | 0 | 0.72 |
Source: Company's results filing (XBRL).
How has Paragon Finance done over the last 8 quarters?
Revenue and profit both reached their highest levels of the series in Q1 FY27, at ₹4.33 crore and ₹3.37 crore respectively, before revenue fell to ₹0.02 crore and profit moved to a loss of ₹0.24 crore in Q2 FY27. Profit had earlier bottomed at a loss of ₹4.97 crore in Q4 FY26, when revenue was negative ₹0.9 crore. The latest quarter therefore shows lower revenue and a return to loss after two quarters of positive profit.
Earlier in the series, revenue was negative ₹0.22 crore in Q3 FY25 with a loss of ₹0.3 crore, and reached ₹2.62 crore in Q3 FY26 with profit of ₹1.8 crore. Q2 FY26 recorded revenue of ₹1.51 crore and profit of ₹0.56 crore. EBITDA margin was not reported for any of the quarters listed, so no margin peak or trough can be shown.
How did other Non Banking Financial Company (NBFC) companies do?
Among 106 Non Banking Financial Company peers that have filed this quarter, the median revenue growth was 21.5%, as of 6 November 2026. All 106 peers grew revenue faster than Paragon Finance, and none grew slower than the company. Paragon Finance's revenue fell 98.7% in Q2 FY27 from the year-ago quarter.
Of the 122 peers for which profit was compared, 83 reported higher profit. The peer set therefore showed broader revenue growth and a majority of companies with profit growth, while Paragon Finance reported a net loss of ₹0.24 crore for the quarter.
| Paragon Finance revenue growth (YoY) | −98.7% |
|---|---|
| Median of 106 other Non Banking Financial Company (NBFC) companies | +21.5% |
| Companies with slower revenue growth than Paragon Finance | 0 of 106 |
| Companies with faster revenue growth than Paragon Finance | 106 of 106 |
| Companies whose net profit rose | 83 of 122 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Paragon Finance's revenue in Q2 FY27?
Revenue from operations was ₹0.02 crore, down 98.7% from ₹1.51 crore in Q2 FY26 (standalone).
Did Paragon Finance make a profit in Q2 FY27?
No. It reported a net loss of ₹0.24 crore, against a net profit of ₹0.56 crore in Q2 FY26.
What was Paragon Finance's EPS in Q2 FY27?
Basic loss per share was ₹0.56, against ₹1.32 in Q2 FY26.
When did Paragon Finance announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
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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