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Polysil Irrigation Systems Q2 FY27 results: net profit ₹0.37 crore, revenue down 59.4%
Polysil Irrigation Systems Limited reported standalone revenue of ₹6.24 crore and a net profit of ₹0.37 crore in Q2 FY27. Revenue fell 59.4% from Q2 FY26 but rose 22.6% from Q1 FY27, while EBITDA margin declined to 8.3%.
Key points
- Revenue was ₹6.24 crore in Q2 FY27, down 59.4% from ₹15.37 crore in Q2 FY26 and up 22.6% from ₹5.09 crore in Q1 FY27.
- EBITDA was ₹0.52 crore, down 77.0% from Q2 FY26 and 66.7% from Q1 FY27.
- EBITDA margin was 8.3%, down 6.4 percentage points from Q2 FY26 and 22.3 percentage points from Q1 FY27.
- Net profit was ₹0.37 crore, compared with ₹0.20 crore in Q1 FY27, while basic EPS was ₹0.15.
How did Polysil Irrigation Systems perform in Q2 FY27?
Polysil Irrigation Systems reported standalone revenue of ₹6.24 crore for Q2 FY27, compared with ₹15.37 crore in Q2 FY26 and ₹5.09 crore in Q1 FY27. The figures were lower than the year-ago quarter but higher than the previous quarter. Total income was ₹7.19 crore, against ₹15.91 crore in Q2 FY26 and ₹5.11 crore in Q1 FY27.
EBITDA was ₹0.52 crore in Q2 FY27, down from ₹2.26 crore in Q2 FY26 and ₹1.56 crore in Q1 FY27. EBITDA margin was 8.3%, compared with 14.7% in the year-ago quarter and 30.6% in the previous quarter. Profit before tax was ₹0.43 crore, while basic EPS was ₹0.15.
Net profit was ₹0.37 crore in Q2 FY27, against ₹0.20 crore in Q1 FY27. The available comparison data does not provide a net profit figure for Q2 FY26, although profit before tax in that quarter was ₹2.01 crore. The results are presented on a standalone basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6.24 | 5.09 | 15.37 | −59.4% | +22.6% |
| Other income | 0.95 | 0.02 | 0.54 | +75.9% | +4650.0% |
| Total expenses | 6.76 | 4.51 | 13.90 | −51.4% | +49.9% |
| EBITDA | 0.52 | 1.56 | 2.26 | −77.0% | −66.7% |
| EBITDA margin | 8.3% | 30.6% | 14.7% | −6.4 pp | −22.3 pp |
| Profit before tax | 0.43 | 0.60 | 2.01 | −78.6% | −28.3% |
| Tax | 0.05 | 0.40 | 0.57 | −91.2% | −87.5% |
| Net profit | 0.37 | 0.20 | +85.0% | ||
| EPS (₹) | 0.15 | 0.08 | 0.77 | −80.5% | +87.5% |
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 Polysil Irrigation Systems' costs and profit?
Total expenses were ₹6.76 crore in Q2 FY27, down ₹7.14 crore from ₹13.90 crore in Q2 FY26 but up ₹2.25 crore from ₹4.51 crore in Q1 FY27. Cost of materials fell ₹11.87 crore to ₹2.07 crore from ₹13.94 crore, while employee cost rose ₹0.39 crore to ₹1.22 crore from ₹0.83 crore.
Finance costs were ₹0.86 crore, up ₹0.07 crore from ₹0.79 crore in Q2 FY26 and ₹0.79 crore in Q1 FY27. Other expenses fell ₹0.41 crore to ₹1.37 crore from ₹1.78 crore in the year-ago quarter, and declined ₹0.39 crore from ₹1.76 crore in the previous quarter. No exceptional item was reported.
Other income was ₹0.95 crore, up ₹0.41 crore from ₹0.54 crore in Q2 FY26 and ₹0.93 crore from ₹0.02 crore in Q1 FY27. Tax expense was ₹0.05 crore, down ₹0.52 crore from ₹0.57 crore in the year-ago quarter and ₹0.35 crore from ₹0.40 crore in the previous quarter. No filing explanation for these changes was provided.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 2.07 | 13.94 | −11.87 | −85.2% |
| Employee cost | 1.22 | 0.83 | +0.39 | +47.0% |
| Finance costs | 0.86 | 0.79 | +0.07 | +8.9% |
| Other expenses | 1.37 | 1.78 | −0.41 | −23.0% |
| Total expenses | 6.76 | 13.90 | −7.14 | −51.4% |
| Other income | 0.95 | 0.54 | +0.41 | +75.9% |
| Tax | 0.05 | 0.57 | −0.52 | −91.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Trade receivables increased to ₹56.0 crore from ₹52.31 crore, while trade payables fell to ₹22.06 crore from ₹24.37 crore. In the first half of FY27, operating cash flow was negative ₹8.79 crore, compared with negative ₹14.33 crore in the first half of FY26. Investing cash flow was ₹0.79 crore, against negative ₹25.75 crore, and financing cash flow was ₹7.17 crore, against ₹39.97 crore.
Capital expenditure in the first half of FY27 was ₹0.13 crore, compared with ₹0.6 crore in the first half of FY26. The available cash-flow data does not provide closing cash for either period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 135.99 | 131.39 |
| Total equity | 64.17 | 57.78 |
| Borrowings | 38.30 | 35.29 |
| Cash and equivalents | 0.17 | 1 |
| Inventories | 37.98 | 37.45 |
| Trade receivables | 56 | 52.31 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −8.79 | −14.33 |
| Cash from investing | 0.79 | −25.75 |
| Cash from financing | 7.17 | 39.97 |
| Capital expenditure | 0.13 | 0.60 |
Source: Company's results filing (XBRL).
How has Polysil Irrigation Systems done over the last 5 quarters?
Revenue reached ₹15.37 crore in Q2 FY26, compared with ₹5.15 crore in Q4 FY25 and ₹15.22 crore in Q4 FY26. It then fell to ₹5.09 crore in Q1 FY27 before rising to ₹6.24 crore in Q2 FY27. The current quarter was above Q4 FY25 and Q1 FY27 but below the two reported periods in between.
PAT was ₹2.94 crore in Q4 FY26 and ₹0.2 crore in Q1 FY27, before rising to ₹0.37 crore in Q2 FY27. EBITDA margin peaked at 30.6% in Q1 FY27, compared with 20.7% in Q4 FY26 and 14.7% in Q2 FY26, before falling to 8.3% in Q2 FY27. Revenue, profit and margin therefore moved higher from Q1 FY27, while margin declined.
Quick answers
What was Polysil Irrigation Systems' revenue in Q2 FY27?
Revenue from operations was ₹6.24 crore, down 59.4% from ₹15.37 crore in Q2 FY26 (standalone).
Did Polysil Irrigation Systems make a profit in Q2 FY27?
Yes. Net profit was ₹0.37 crore.
What was Polysil Irrigation Systems' EPS in Q2 FY27?
Basic earnings per share were ₹0.15, against ₹0.77 in Q2 FY26.
When did Polysil Irrigation Systems announce its Q2 FY27 results?
On 4 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 4 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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