QGO Finance Q2 FY27 results: net profit up 44.0% to ₹1.21 crore, revenue up 33.9%

How did QGO Finance perform in Q2 FY27?

QGO Finance reported standalone revenue of ₹5.96 crore for Q2 FY27, up 33.9% from ₹4.45 crore in Q2 FY26 and 3.5% from ₹5.76 crore in Q1 FY27. Total income was ₹6.03 crore, against ₹4.47 crore a year earlier and ₹5.77 crore in the previous quarter. The available results do not provide EBITDA or EBITDA margin for any of the three periods.

Profit before tax rose to ₹1.62 crore from ₹1.14 crore in Q2 FY26 and ₹1.37 crore in Q1 FY27. Net profit increased to ₹1.21 crore from ₹0.84 crore and ₹0.99 crore, respectively, while basic EPS reached ₹1.74 from ₹1.21 and ₹1.42. PAT margin was 20.3%, an increase of 1.4 percentage points year on year and 3.1 percentage points from the previous quarter. The figures are on a standalone basis.

What changed in QGO Finance's costs and profit?

Total expenses increased by ₹1.08 crore, or 32.4%, to ₹4.41 crore in Q2 FY27 from ₹3.33 crore in Q2 FY26. Finance costs were the largest reported cost line at ₹3.56 crore, up ₹0.89 crore or 33.3%, while employee cost rose by ₹0.10 crore or 45.5% to ₹0.32 crore. Other expenses increased by ₹0.08 crore or 21.6% to ₹0.45 crore, while depreciation remained unchanged at ₹0.07 crore.

Other income increased by ₹0.05 crore, or 250.0%, to ₹0.07 crore from ₹0.02 crore in Q2 FY26. Tax expense rose by ₹0.11 crore, or 36.7%, to ₹0.41 crore from ₹0.30 crore. There was no exceptional item in either quarter. Compared with Q1 FY27, total expenses were ₹0.01 crore higher, other income was ₹0.06 crore higher and tax was ₹0.03 crore higher; other expenses were ₹0.16 crore lower.

How did the first half of FY27 go?

For H1 FY27, QGO Finance reported standalone revenue of ₹11.72 crore, up 35.3% from ₹8.66 crore in H1 FY26. Total income rose 35.8% to ₹11.80 crore from ₹8.69 crore, while profit before tax increased 36.5% to ₹2.99 crore from ₹2.19 crore.

Net profit for the first half was ₹2.20 crore, up 35.8% from ₹1.62 crore in H1 FY26. Basic EPS increased 35.6% to ₹3.16 from ₹2.33. The results were approved by the board on 26 October 2026 and accompanied by a limited review report from the statutory auditors.

What do the balance sheet and cash flow show?

Total assets increased to ₹143.08 crore at 30 September 2026 from ₹126.21 crore at 31 March 2026. Total equity rose to ₹23.23 crore from ₹21.15 crore, while cash declined to ₹3.48 crore from ₹4.34 crore. The available balance-sheet data does not provide a borrowings figure for either date.

Operating cash flow for H1 FY27 was negative ₹8.95 crore, compared with positive ₹4.03 crore in H1 FY26. Investing cash flow was negative ₹0.01 crore against negative ₹0.19 crore, while financing cash flow was positive ₹8.10 crore against negative ₹5.10 crore. Capital expenditure was ₹0.08 crore, compared with ₹0.02 crore in the earlier first half.

How has QGO Finance done over the last 8 quarters?

Revenue increased in each of the last eight quarters on a year-on-year basis. It rose from ₹4.07 crore in Q3 FY25 to a period high of ₹5.96 crore in Q2 FY27, after reaching ₹5.76 crore in the previous quarter. The lowest revenue in the reported series was ₹4.04 crore in Q4 FY25.

Net profit increased year on year in each of the last five quarters. It moved from ₹0.67 crore in Q3 FY25 to a period high of ₹1.21 crore in Q2 FY27, following ₹0.99 crore in Q1 FY27. The lowest reported quarterly profit was ₹0.67 crore in Q3 FY25. EBITDA and EBITDA margin figures were not provided for the quarterly trend.

What else did the company announce?

The board approved the Q2 FY27 and H1 FY27 unaudited results on 26 October 2026 and declared a second interim dividend of ₹0.15 per equity share, or 1.5%, for FY2026-27. The dividend is subject to TDS and is to be paid within 30 days to eligible shareholders as of the 6 November 2026 record date.

The board also approved raising funds through unsecured, unlisted, redeemable non-convertible debentures on a private placement basis. Urmi Joiser resigned as company secretary and compliance officer effective from the close of business on 26 October 2026 but continued as chief operating officer and key managerial personnel. Sarita Singh was appointed company secretary and compliance officer effective from 27 October 2026.

How did QGO Finance shares react?

The filing appeared after market hours. From the price when the filing appeared, the stock was down 2.0% after 5 minutes, 4.6% after 15 minutes and 3.9% after 30 minutes. On the reaction day, it closed 5.5% above the previous close of ₹41.72. By the next day’s close, the stock was up 5.3% from its pre-results close, and by the fifth session it was up 11.2%.

The NBFC industry median was up 0.3% on the reaction day, 0.6% by the next close and 1.7% by the fifth close. QGO Finance exceeded those median moves by 5.2 percentage points, 4.7 percentage points and 9.5 percentage points, respectively. The Nifty Microcap 250 rose 1.7% on the reaction day and 1.8% by the next close.

Earlier results-day moves were mixed: the stock was up 4.5% on 10 August 2026, down 0.2% on 26 May 2026 and up 10.0% on 9 February 2026. It had fallen on results days in November 2025, August 2025 and May 2025.

How did other Non Banking Financial Company (NBFC) companies do?

Among 77 other NBFC companies compared for the quarter, the median revenue growth was 21.4%. Forty-nine peers grew more slowly than QGO Finance, while 28 grew faster than the company, whose revenue increased 33.9% in Q2 FY27.

Profit increased for 56 of the 85 peers whose profit was compared. The peer set covers other Non Banking Financial Company companies that had filed for the quarter as of 4 November 2026.