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PIL ITALICA LIFESTYLE Q2 FY27 results: net profit down 73.9% to ₹0.30 crore, revenue up 2.2%
PIL ITALICA LIFESTYLE LIMITED reported standalone revenue of ₹28.25 crore in Q2 FY27, up 2.2% from the year-ago quarter, while EBITDA fell 46.1% to ₹1.10 crore and net profit declined 73.9% to ₹0.30 crore. The result came alongside a broader first-half decline, with H1 FY27 revenue at ₹44.96 crore and net profit at ₹0.49 crore.
Key points
- Q2 FY27 revenue was ₹28.25 crore, up 2.2% from ₹27.64 crore in Q2 FY26 and up 69.1% from ₹16.71 crore in Q1 FY27.
- Q2 FY27 EBITDA was ₹1.10 crore, down 46.1% year on year, while EBITDA margin fell 3.5 percentage points to 3.9%.
- Net profit was ₹0.30 crore in Q2 FY27, down 73.9% from ₹1.15 crore in Q2 FY26; basic EPS was ₹0.01.
- H1 FY27 revenue was ₹44.96 crore, down 13.0% from ₹51.69 crore in H1 FY26, while net profit fell 81.8% to ₹0.49 crore.
- Total assets rose to ₹118.78 crore as of 30 September 2026 from ₹110.36 crore on 31 March 2026, while borrowings increased to ₹20.49 crore from ₹15.42 crore.
How did PIL ITALICA LIFESTYLE perform in Q2 FY27?
PIL ITALICA LIFESTYLE reported standalone revenue of ₹28.25 crore for Q2 FY27, against ₹27.64 crore in Q2 FY26 and ₹16.71 crore in Q1 FY27. Total income was ₹28.45 crore, compared with ₹27.77 crore a year earlier and ₹16.75 crore in the previous quarter. The figures are standalone; the company said it had no associate, subsidiary or joint venture as on 30 September 2026.
EBITDA was ₹1.10 crore in Q2 FY27, down from ₹2.04 crore in Q2 FY26 and up from ₹1.06 crore in Q1 FY27. EBITDA margin was 3.9%, down 3.5 percentage points year on year and 2.4 percentage points sequentially. Profit before tax was ₹0.41 crore, against ₹1.36 crore a year earlier and ₹0.25 crore in the previous quarter.
Net profit was ₹0.30 crore, down from ₹1.15 crore in Q2 FY26 and up from ₹0.19 crore in Q1 FY27. Basic EPS was ₹0.01, compared with ₹0.04 in the year-ago quarter and ₹0.01 in the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 28.25 | 16.71 | 27.64 | +2.2% | +69.1% |
| Other income | 0.20 | 0.04 | 0.12 | +66.7% | +400.0% |
| Total expenses | 28.04 | 16.50 | 26.41 | +6.2% | +69.9% |
| EBITDA | 1.10 | 1.06 | 2.04 | −46.1% | +3.8% |
| EBITDA margin | 3.9% | 6.3% | 7.4% | −3.5 pp | −2.4 pp |
| Profit before tax | 0.41 | 0.25 | 1.36 | −69.9% | +64.0% |
| Tax | 0.10 | 0.06 | 0.21 | −52.4% | +66.7% |
| Net profit | 0.30 | 0.19 | 1.15 | −73.9% | +57.9% |
| EPS (₹) | 0.01 | 0.01 | 0.04 | −75.0% | +0.0% |
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 PIL ITALICA LIFESTYLE's costs and profit?
Total expenses rose to ₹28.04 crore in Q2 FY27 from ₹26.41 crore in Q2 FY26, an increase of ₹1.63 crore, or 6.2%. Cost of materials consumed was ₹18.68 crore, up ₹2.92 crore or 18.5%, while employee benefits expense was ₹3.62 crore, up ₹0.43 crore or 13.5%.
Other income increased to ₹0.20 crore from ₹0.12 crore, while other expenses fell to ₹5.52 crore from ₹5.95 crore. Finance costs rose to ₹0.40 crore from ₹0.35 crore and depreciation to ₹0.49 crore from ₹0.46 crore. There was no exceptional item in either quarter.
Tax expense declined to ₹0.10 crore from ₹0.21 crore, but profit before tax fell to ₹0.41 crore from ₹1.36 crore. The filing did not state why the cost of materials or employee benefits expense increased. Sequentially, total expenses rose ₹11.54 crore from Q1 FY27, while other income rose ₹0.16 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 18.68 | 15.76 | +2.92 | +18.5% |
| Employee cost | 3.62 | 3.19 | +0.43 | +13.5% |
| Finance costs | 0.40 | 0.35 | +0.05 | +14.3% |
| Depreciation | 0.49 | 0.46 | +0.03 | +6.5% |
| Other expenses | 5.52 | 5.95 | −0.43 | −7.2% |
| Total expenses | 28.04 | 26.41 | +1.63 | +6.2% |
| Other income | 0.20 | 0.12 | +0.08 | +66.7% |
| Tax | 0.10 | 0.21 | −0.11 | −52.4% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue was ₹44.96 crore, down from ₹51.69 crore in H1 FY26, while total income fell to ₹45.20 crore from ₹51.81 crore. Revenue declined 13.0% and total income declined 12.8% year on year.
Profit before tax was ₹0.66 crore in H1 FY27, down from ₹3.43 crore in H1 FY26, and net profit was ₹0.49 crore, down from ₹2.69 crore. Basic EPS was ₹0.02, compared with ₹0.11 in the year-ago period. Profit before tax fell 80.8% and net profit fell 81.8%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 44.96 | 51.69 | −13.0% |
| Profit before tax | 0.66 | 3.43 | −80.8% |
| Net profit | 0.49 | 2.69 | −81.8% |
| EPS (₹) | 0.02 | 0.11 | −81.8% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹118.78 crore, compared with ₹110.36 crore on 31 March 2026, and total equity was ₹84.41 crore against ₹83.92 crore. Inventories were ₹20.99 crore versus ₹19.66 crore, trade receivables ₹5.71 crore versus ₹4.70 crore, and trade payables ₹5.83 crore versus ₹3.74 crore.
Borrowings were ₹20.49 crore on 30 September 2026, up from ₹15.42 crore on 31 March 2026, while cash and cash equivalents were ₹0.20 crore against ₹0.36 crore. In H1 FY27, net cash generated from operating activities was negative ₹4.72 crore, compared with negative ₹2.97 crore in H1 FY26.
Investing cash flow was ₹0.24 crore in H1 FY27, compared with negative ₹2.72 crore a year earlier, and financing cash flow was ₹4.32 crore against ₹5.37 crore. Capital expenditure was ₹0.11 crore, compared with ₹2.72 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 118.78 | 110.36 |
| Total equity | 84.41 | 83.92 |
| Borrowings | 20.49 | 15.42 |
| Cash and equivalents | 0.20 | 0.36 |
| Inventories | 20.99 | 19.66 |
| Trade receivables | 5.71 | 4.70 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −4.72 | −2.97 |
| Cash from investing | 0.24 | −2.72 |
| Cash from financing | 4.32 | 5.37 |
| Capital expenditure | 0.11 | 2.72 |
Source: Company's results filing (XBRL).
How has PIL ITALICA LIFESTYLE done over the last 8 quarters?
Revenue reached its highest point in the reported series at ₹30.22 crore in Q3 FY25 and its lowest at ₹16.71 crore in Q1 FY27. It recovered to ₹28.25 crore in Q2 FY27 from ₹24.04 crore in Q1 FY26, but remained below the Q3 FY25 peak.
Net profit was highest at ₹1.56 crore in Q3 FY25 and lowest at ₹0.19 crore in Q1 FY27. It rose to ₹0.30 crore in Q2 FY27, still below the ₹1.15 crore reported in Q2 FY26.
EBITDA margin peaked at 11.4% in Q1 FY26 and fell to 6.3% in Q1 FY27 before declining further to 3.9% in Q2 FY27. The latest direction was lower for margin and net profit, while revenue rose sequentially.
Which businesses drove the quarter?
Manufacturing revenue was ₹27.58 crore in Q2 FY27, up 1.5% from ₹27.16 crore in Q2 FY26. Segment EBIT was ₹0.14 crore, compared with ₹1.16 crore in the year-ago quarter, and the reported EBIT margin was 0.5%.
Finance revenue was ₹0.67 crore, up 38.4% from ₹0.48 crore, with EBIT of ₹0.46 crore against ₹0.42 crore and an EBIT margin of 69.7%. Other Income revenue was ₹0.20 crore, up 63.0% from ₹0.12 crore, with EBIT of ₹0.20 crore and a 100.0% margin.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Manufacturing | 27.58 | +1.5% | 0.14 | 0.5% |
| Finance | 0.67 | +38.4% | 0.46 | 69.7% |
| Other Income | 0.20 | +63.0% | 0.20 | 100.0% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The company’s 21 October 2026 filing with the BSE said that its board approved the unaudited financial results for the quarter and half-year ended 30 September 2026. The statutory auditors carried out a limited review of the results, and the Audit Committee reviewed them before the board approved them.
A business update filed on the same day reported 451 dealers, 208 distributors, 22 fulfilment centres, 11 states and union territories covered, and two manufacturing units at Udaipur and Silvassa. The company also reported total consolidated production capacity of 8,450 MTPA. No dividend, fund raise or appointment was stated in the available same-day filings.
How did PIL ITALICA LIFESTYLE shares react?
The filing appeared after market hours. From the price when the filing appeared, the stock fell 2.2% after 5 minutes and 1.0% after 15 minutes, before rising 0.3% after 30 minutes. On the reaction day, it closed 2.9% below the previous close of ₹7.21.
By the next day’s close, the stock was down 1.2% from its pre-results close, and by the fifth session it was up 0.4% from the same close. The nearest market benchmark, Nifty Microcap 250, fell 1.0% on the reaction day, 3.3% by the next day and 0.5% by the fifth day; no industry median was available.
Earlier results-day moves were mixed: the stock fell 0.2% on 17 July 2026, rose 0.4% on 7 May 2026, fell 1.6% on 20 January 2026 and fell 1.3% on 28 October 2025. It also rose 0.8% on 29 July 2025 and 10.6% on 23 January 2025.
| After the filing | Stock |
|---|---|
| 5 minutes | −2.2% |
| 15 minutes | −1.0% |
| 30 minutes | +0.3% |
| Reaction day | −2.9% |
| Next day | −1.2% |
| 5 days | +0.4% |
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 |
|---|---|
| 17 July 2026 | −0.2% |
| 7 May 2026 | +0.4% |
| 20 January 2026 | −1.6% |
| 28 October 2025 | −1.3% |
| 29 July 2025 | +0.8% |
| 12 May 2025 | −0.4% |
| 23 January 2025 | +10.6% |
| 25 October 2024 | +2.0% |
Source: MarketPing price-reaction measurement.
Quick answers
What was PIL ITALICA LIFESTYLE's revenue in Q2 FY27?
Revenue from operations was ₹28.25 crore, up 2.2% from ₹27.64 crore in Q2 FY26 (standalone).
Did PIL ITALICA LIFESTYLE make a profit in Q2 FY27?
Yes. Net profit was ₹0.30 crore, against a net profit of ₹1.15 crore in Q2 FY26.
What was PIL ITALICA LIFESTYLE's EPS in Q2 FY27?
Basic earnings per share were ₹0.01, against ₹0.04 in Q2 FY26.
How did PIL ITALICA LIFESTYLE shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.9% from the previous close.
When did PIL ITALICA LIFESTYLE announce its Q2 FY27 results?
On 21 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Declaration Of Unaudited Financial Result For The Quarter And Half Year Ended On 30.09.2026 (BSE, 13 October 2026) · PDF
- Board Meeting Outcome for Declaration Of Unaudited Financial Results For The Quarter And Half Year Ended On 30.09.2026 (BSE, 21 October 2026) · PDF
- Results- Unaudited Financial Results For The Period Ended On 30.09.2026 (BSE, 21 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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