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Popular Estate Management Q2 FY27 results: net loss narrows to ₹0.06 crore
Popular Estate Management Ltd reported a net loss of ₹0.06 crore for Q2 FY27 on a standalone basis, versus a net loss of ₹0.08 crore in Q2 FY26 and ₹0.12 crore in Q1 FY27. Revenue was ₹0 crore and basic EPS was ₹0.05 in loss, while the board approved the unaudited results on 3 November 2026.
Key points
- Q2 FY27 revenue was ₹0 crore, unchanged from Q2 FY26 and Q1 FY27.
- The company reported a net loss of ₹0.06 crore, compared with a net loss of ₹0.08 crore in Q2 FY26 and ₹0.12 crore in Q1 FY27.
- Basic EPS was ₹0.05 in loss in Q2 FY27, compared with ₹0.09 in loss in Q1 FY27 and ₹0.05 in loss in Q2 FY26.
- Total expenses were ₹0.06 crore in Q2 FY27, down ₹0.02 crore from Q2 FY26 and ₹0.06 crore from Q1 FY27.
- H1 FY27 included a net loss of ₹0.19 crore and basic EPS of ₹0.13 in loss, versus a net loss of ₹0.17 crore and EPS of ₹0.12 in loss in H1 FY26.
How did Popular Estate Management perform in Q2 FY27?
Popular Estate Management reported standalone revenue of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. The company recorded a net loss of ₹0.06 crore, compared with a net loss of ₹0.08 crore a year ago and ₹0.12 crore in the previous quarter. Basic EPS was ₹0.05 in loss, unchanged from Q2 FY26 but improved from ₹0.09 in loss in Q1 FY27.
EBITDA was negative, with a loss of ₹0.06 crore in Q2 FY27 against a loss of ₹0.08 crore in Q2 FY26 and ₹0.12 crore in Q1 FY27. Profit before tax was also a loss of ₹0.06 crore. An EBITDA margin was not reported. The filing concerned standalone financial results; no consolidated figures were provided in the available material.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.06 | 0.12 | 0.08 | −25.0% | −50.0% |
| EBITDA | −0.06 | −0.12 | −0.08 | ||
| Profit before tax | −0.06 | −0.12 | −0.08 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.06 | −0.12 | −0.08 | ||
| EPS (₹) | −0.05 | −0.09 | −0.05 |
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 Popular Estate Management's costs and profit?
Total expenses fell to ₹0.06 crore in Q2 FY27 from ₹0.08 crore in Q2 FY26, a decrease of ₹0.02 crore or 25.0%. Employee cost was ₹0.03 crore, down ₹0.01 crore or 25.0%, while other expenses also fell by ₹0.01 crore or 25.0% to ₹0.03 crore. Cost of materials, finance costs and depreciation were unchanged at ₹0 crore.
Other income was unchanged at ₹0 crore against Q2 FY26, and the company reported no exceptional item. Tax was unchanged at ₹0 crore. The filing does not state any reason for the movements in employee cost or other expenses, so the figures show only that these cost lines contributed to the lower quarterly loss.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.03 | 0.04 | −0.01 | −25.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.03 | 0.04 | −0.01 | −25.0% |
| Total expenses | 0.06 | 0.08 | −0.02 | −25.0% |
| 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, Popular Estate Management reported revenue of ₹0 crore and total income of ₹0 crore, both unchanged from H1 FY26. Loss before tax was ₹0.19 crore, compared with ₹0.17 crore in H1 FY26, a deterioration of ₹0.02 crore. The net loss was also ₹0.19 crore, compared with ₹0.17 crore a year earlier.
Basic EPS for H1 FY27 was ₹0.13 in loss, compared with ₹0.12 in loss in H1 FY26. Total expenses were ₹0.18 crore in H1 FY27 against ₹0.17 crore in H1 FY26. The available filing data does not provide a separate consolidated basis for the first-half figures.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.19 | −0.17 | |
| Net profit | −0.19 | −0.17 | |
| EPS (₹) | −0.13 | −0.12 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹50.48 crore, unchanged from 31 March 2026. Total equity was ₹41.95 crore, compared with ₹42.13 crore at the previous balance sheet date, while borrowings rose to ₹8.47 crore from ₹8.28 crore. Cash and cash equivalents were ₹0.02 crore, compared with ₹0.01 crore, and inventories remained ₹5.01 crore.
For H1 FY27, net cash used in operating activities was ₹0.19 crore, compared with ₹0.18 crore in H1 FY26. Net cash from financing activities was ₹0.19 crore, compared with ₹0.20 crore a year earlier, while investing cash flow was unchanged at ₹0 crore. Capital expenditure was ₹0 crore, compared with ₹0.01 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 50.48 | 50.48 |
| Total equity | 41.95 | 42.13 |
| Borrowings | 8.47 | 8.28 |
| Cash and equivalents | 0.02 | 0.01 |
| Inventories | 5.01 | 5.01 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.19 | −0.18 |
| Cash from investing | 0 | −0.01 |
| Cash from financing | 0.19 | 0.20 |
| Capital expenditure | 0 | 0.01 |
Source: Company's results filing (XBRL).
How has Popular Estate Management done over the last 8 quarters?
Revenue was ₹0 crore in each of the eight quarters covered by the trend data, from Q3 FY25 through Q2 FY27, so no revenue peak or trough can be identified. Profit was lowest at a loss of ₹0.12 crore in Q3 FY25 and Q1 FY27, and the highest at ₹0.20 crore in Q4 FY25. The latest quarter produced a net loss of ₹0.06 crore.
The recent profit direction was uneven: the company moved from a loss of ₹0.05 crore in Q3 FY26 to a loss of ₹0.07 crore in Q4 FY26, then a loss of ₹0.12 crore in Q1 FY27 and a loss of ₹0.06 crore in Q2 FY27. No EBITDA-margin figures were provided for the quarterly trend, so the margin direction cannot be stated from the available data.
How did Popular Estate Management shares react?
The stock was unchanged on the reaction day from its pre-results close of ₹14.70. By the next day's close, it was down 4.8% from the pre-results close. The Civil Construction industry's median move was down 0.1% on the reaction day and up 1.9% by the next day's close, putting Popular Estate Management's relative performance at 0.1 percentage points and 6.6 percentage points below the industry median, respectively.
| After the filing | Stock | Civil Construction median |
|---|---|---|
| Reaction day | +0.0% | −0.1% |
| Next day | −4.8% | +1.9% |
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 |
|---|---|
| 10 August 2026 | +1.4% |
| 9 May 2026 | −4.8% |
| 10 November 2025 | −0.6% |
| 14 August 2025 | −4.7% |
| 27 May 2025 | −5.0% |
| 2 August 2024 | +0.0% |
| 28 May 2024 | −0.7% |
Source: MarketPing price-reaction measurement.
How did other Civil Construction companies do?
Among 22 other Civil Construction companies that had filed for the quarter, the median revenue growth was 8.5%. The available peer fields do not state how many grew more slowly or faster than Popular Estate Management. Of the 22 peers, 16 reported higher profit.
| Popular Estate Management revenue growth (YoY) | not comparable |
|---|---|
| Median of 22 other Civil Construction companies | +8.5% |
| Companies whose net profit rose | 16 of 22 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Popular Estate Management's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Popular Estate Management make a profit in Q2 FY27?
No. It reported a net loss of ₹0.06 crore, against a net loss of ₹0.08 crore in Q2 FY26.
What was Popular Estate Management's EPS in Q2 FY27?
Basic loss per share was ₹0.05, against a loss of ₹0.05 in Q2 FY26.
How did Popular Estate Management shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.0% from the previous close; the median Civil Construction stock moved −0.1%.
When did Popular Estate Management announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Financial Results For The Quarter And Half Year Ended On 30.09.2026 (BSE, 24 October 2026) · PDF
- Financial Results For The Quarter And Half Year Ended On 30.09.2026 (BSE, 3 November 2026) · PDF
- Board Meeting Outcome for Financial Results For The Quarter And Half Year Ended On 30.09.2026,Took Note Of Compliances (BSE, 3 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended On 30.09.2026 (BSE, 3 November 2026) · PDF
- Revised Financial Results For The Quarter And Half Year Ended On 30.09.2026 (BSE, 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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