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Priya Q2 FY27 results: net loss narrows to ₹0.56 crore
Priya Limited reported a net loss of ₹0.56 crore for Q2 FY27 on a standalone basis, an improvement from ₹0.95 crore in Q2 FY26 but lower than ₹0.92 crore in Q1 FY27. Revenue was unchanged at ₹0 crore, while total expenses fell 41.1% year on year to ₹0.56 crore. The auditors issued an adverse opinion and highlighted matters relating to negative net worth, going concern and bank enforcement actions.
Key points
- Priya reported a net loss of ₹0.56 crore in Q2 FY27, compared with ₹0.95 crore in Q2 FY26 and ₹0.92 crore in Q1 FY27.
- Total expenses were ₹0.56 crore in Q2 FY27, down 41.1% from ₹0.95 crore in the year-ago quarter.
- Finance costs fell to ₹0.49 crore from ₹0.90 crore in Q2 FY26, while other expenses rose to ₹0.06 crore from ₹0.02 crore.
- Basic EPS was ₹1.86 in Q2 FY27, against ₹3.15 in Q2 FY26 and ₹3.05 in Q1 FY27.
- The auditors issued an adverse opinion and stated that audit evidence supported management’s use of the going concern basis of accounting.
How did Priya perform in Q2 FY27?
Priya Limited reported standalone results for the July–September 2026 quarter with revenue of ₹0 crore, unchanged from Q2 FY26 and Q1 FY27. Total expenses were ₹0.56 crore, down from ₹0.95 crore in the year-ago quarter and ₹0.92 crore in the previous quarter. EBITDA was a loss of ₹0.07 crore, compared with a loss of ₹0.03 crore in Q2 FY26 and ₹0.02 crore in Q1 FY27.
The company reported a loss before tax of ₹0.56 crore and a net loss of ₹0.56 crore in Q2 FY27, against a net loss of ₹0.95 crore in Q2 FY26 and ₹0.92 crore in Q1 FY27. Basic EPS was ₹1.86, compared with ₹3.15 in the year-ago quarter and ₹3.05 in the previous quarter. The figures are on a standalone basis; no consolidated result is given for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.56 | 0.92 | 0.95 | −41.1% | −39.1% |
| EBITDA | −0.07 | −0.02 | −0.03 | ||
| Profit before tax | −0.56 | −0.92 | −0.95 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.56 | −0.92 | −0.95 | ||
| EPS (₹) | −1.86 | −3.05 | −3.15 |
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 Priya's costs and profit?
The main change in expenses was finance costs, which fell to ₹0.49 crore in Q2 FY27 from ₹0.90 crore in Q2 FY26, a difference of ₹0.41 crore. Total expenses were lower by ₹0.39 crore, at ₹0.56 crore compared with ₹0.95 crore. Other expenses were higher at ₹0.06 crore against ₹0.02 crore, a difference of ₹0.04 crore.
Employee cost was ₹0.01 crore, unchanged from Q2 FY26, while depreciation fell to ₹0 crore from ₹0.01 crore. Other income and tax were unchanged at ₹0 crore, and there was no exceptional item in either period. The filing does not state a reason for the movement in finance costs.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.01 | 0.01 | 0 | +0.0% |
| Finance costs | 0.49 | 0.90 | −0.41 | −45.6% |
| Depreciation | 0 | 0.01 | −0.01 | |
| Other expenses | 0.06 | 0.02 | +0.04 | +200.0% |
| Total expenses | 0.56 | 0.95 | −0.39 | −41.1% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹1.44 crore as at 30 September 2026, compared with ₹1.42 crore as at 31 March 2026. Total equity remained negative at ₹46.12 crore against ₹44.64 crore, while borrowings were ₹17.28 crore compared with ₹17.17 crore. Cash was ₹0.01 crore at both dates, and trade payables were ₹1.17 crore against ₹1.16 crore.
For H1 FY27, net cash from operating activities was ₹0.81 crore, compared with ₹0.86 crore in H1 FY26. Net cash from financing activities was ₹0.11 crore against ₹0.07 crore, while investing and capital expenditure were unchanged. The company said total liabilities exceeded total assets by Rs. 4,611.52 lakhs as at 30 September 2026.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1.44 | 1.42 |
| Total equity | −46.12 | −44.64 |
| Borrowings | 17.28 | 17.17 |
| Cash and equivalents | 0.01 | 0.01 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.81 | 0.86 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.11 | 0.07 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Priya done over the last 8 quarters?
Priya’s quarterly revenue was ₹0 crore in each of the last eight quarters, with no operating revenue recorded in the reported periods. Profit after tax was a loss in most quarters, with the deepest loss of ₹1.05 crore in Q3 FY25 and the lowest loss of ₹0.56 crore in Q2 FY27.
Profit after tax moved from a loss of ₹0.92 crore in Q1 FY27 to a loss of ₹0.56 crore in Q2 FY27. The only profit in the series was ₹7.13 crore in Q3 FY26, while Q4 FY26 recorded a loss of ₹0.9 crore. No EBITDA margin was reported for these quarters.
What did the auditors point out?
JM & Associates, Chartered Accountants, issued an adverse opinion on the standalone unaudited results for the quarter and six months ended 30 September 2026. The auditors stated that, except for the effects or possible effects of the matter described in the basis for the adverse opinion, the results gave a true and fair view of the net loss and other comprehensive income in line with applicable accounting standards.
The auditors noted that the company incurred a net loss of Rs.147.57 Lakhs for the period ended 30 September 2026, that accumulated losses resulted in negative net worth, and that the precise impact on profitability and net worth could not be reliably assessed at this stage. They stated that management was evaluating various options to revive the company and that the audit evidence supported management’s use of the going concern basis of accounting, which they found appropriate.
The report also stated that Bank of Maharashtra, Indian Bank and Union Bank of India had declared the company, promoters, directors and corporate guarantors as wilful defaulters, which management represented against. It noted that the company had made an aggregate provision of Rs. 3,269.64 lakhs for doubtful debtors relating to export sales as of 30 September 2026, that management had not approached RBI and FEMA for approval to write off the amount, and that the auditors were unable to comment on its impact on profit or loss or net worth.
How did other Trading & Distributors companies do?
Forty other Trading & Distributors companies were compared for the quarter. The median revenue growth among these peers was 13.6%, while Priya’s revenue was unchanged at ₹0 crore. The peers data provided does not specify how many of these companies grew revenue slower or faster than Priya.
Profit was compared across 54 peers, of which 29 reported higher profit. The peer figures cover results filed as of 6 November 2026.
| Priya revenue growth (YoY) | not comparable |
|---|---|
| Median of 40 other Trading & Distributors companies | +13.6% |
| Companies whose net profit rose | 29 of 54 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Priya's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Priya make a profit in Q2 FY27?
No. It reported a net loss of ₹0.56 crore, against a net loss of ₹0.95 crore in Q2 FY26.
What was Priya's EPS in Q2 FY27?
Basic loss per share was ₹1.86, against a loss of ₹3.15 in Q2 FY26.
When did Priya announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting For The Quarter Ended 30 September, 2026 (BSE, 30 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting For The Quarter Ended 30 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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