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Real Growth Corporation Q2 FY27 results: net loss widens to ₹0.49 crore
Real Growth Corporation Ltd reported a standalone net loss of ₹0.49 crore for Q2 FY27, against a net loss of ₹0.02 crore in the year-ago quarter and a profit of ₹0.04 crore in the previous quarter. Revenue was ₹0 crore, while other income fell to ₹0.27 crore from ₹0.74 crore in Q1 FY27.
Key points
- Standalone net loss was ₹0.49 crore in Q2 FY27, against ₹0.02 crore in Q2 FY26 and ₹0.04 crore in Q1 FY27.
- Revenue from operations was ₹0 crore in Q2 FY27, unchanged from both Q2 FY26 and Q1 FY27.
- Other income fell to ₹0.27 crore from ₹0.74 crore in the previous quarter, a decline of 63.5%.
- Total expenses rose to ₹0.76 crore from ₹0.70 crore in Q1 FY27, an increase of 8.6%.
- Basic EPS was ₹1.22, down from ₹0.09 in Q1 FY27.
How did Real Growth Corporation perform in Q2 FY27?
Real Growth Corporation reported standalone revenue from operations of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. Other income was ₹0.27 crore, down ₹0.48 crore from ₹0.75 crore a year earlier and ₹0.47 crore from ₹0.74 crore in the previous quarter. Total expenses were ₹0.76 crore, and EBITDA was a loss of ₹0.28 crore, compared with a loss of ₹0.31 crore in Q2 FY26 and ₹0.22 crore in Q1 FY27. No EBITDA margin was reported for the quarter.
Profit before tax was a loss of ₹0.49 crore in Q2 FY27, against break-even in Q2 FY26 and a profit of ₹0.04 crore in Q1 FY27. Tax was ₹0 crore, compared with ₹0.03 crore in the year-ago quarter. The company reported a net loss of ₹0.49 crore for the quarter, against a net loss of ₹0.02 crore in Q2 FY26 and a profit of ₹0.04 crore in Q1 FY27. Basic EPS was ₹1.22 for the quarter, against ₹0.09 in the previous quarter. The results are standalone; no consolidated figures were given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0.27 | 0.74 | 0.75 | −64.0% | −63.5% |
| Total expenses | 0.76 | 0.70 | 0.74 | +2.7% | +8.6% |
| EBITDA | −0.28 | −0.22 | −0.31 | ||
| Profit before tax | −0.49 | 0.04 | 0 | turned to loss | turned to loss |
| Tax | 0 | 0 | 0.03 | ||
| Net profit | −0.49 | 0.04 | −0.02 | turned to loss | |
| EPS (₹) | −1.22 | 0.09 | turned to loss |
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 Real Growth Corporation's costs and profit?
The main change was in other income, which fell to ₹0.27 crore from ₹0.75 crore in Q2 FY26, a decline of 64.0%. Total expenses rose to ₹0.76 crore from ₹0.74 crore a year earlier, an increase of 2.7%, so the gap between income and expenses widened. No exceptional item was reported in either quarter.
Within expenses, employee cost fell to ₹0.13 crore from ₹0.20 crore, down ₹0.07 crore or 35.0%. Finance costs rose to ₹0.48 crore from ₹0.43 crore, an increase of ₹0.05 crore or 11.6%, and other expenses rose to ₹0.15 crore from ₹0.12 crore, an increase of ₹0.03 crore or 25.0%. Cost of materials and depreciation were unchanged at ₹0 crore. Tax fell to ₹0 crore from ₹0.03 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.13 | 0.20 | −0.07 | −35.0% |
| Finance costs | 0.48 | 0.43 | +0.05 | +11.6% |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.15 | 0.12 | +0.03 | +25.0% |
| Total expenses | 0.76 | 0.74 | +0.02 | +2.7% |
| Other income | 0.27 | 0.75 | −0.48 | −64.0% |
| Tax | 0 | 0.03 | −0.03 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
Profit before tax moved to a loss of ₹0.45 crore from a profit of ₹0.14 crore in H1 FY26, a difference of ₹0.59 crore. The company reported a net loss of ₹0.45 crore for the half year, against ₹0 crore in the year-earlier period, and EPS was ₹1.12 compared with ₹0.00.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0.26 | |
| Profit before tax | −0.45 | 0.14 | turned to loss |
| Net profit | −0.45 | 0 | turned to loss |
| EPS (₹) | −1.12 | 0.00 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹42.23 crore as on 30 September 2026, compared with ₹42.13 crore as on 31 March 2026. Total equity fell to ₹11.77 crore from ₹12.22 crore, while borrowings rose to ₹20.84 crore from ₹19.30 crore. Cash and cash equivalents were ₹0.01 crore against ₹0.02 crore. Inventories and trade receivables were unchanged at ₹0.73 crore and ₹0.20 crore, and trade payables fell to ₹0.75 crore from ₹1.21 crore.
In the first half of FY27, net cash used in operating activities was ₹0.59 crore, compared with ₹1.97 crore in H1 FY26. Net cash flow from financing activities was ₹0.59 crore, against ₹1.98 crore a year earlier, and investing activities recorded no cash flow. Capital expenditure was also ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 42.23 | 42.13 |
| Total equity | 11.77 | 12.22 |
| Borrowings | 20.84 | 19.30 |
| Cash and equivalents | 0.01 | 0.02 |
| Inventories | 0.73 | 0.73 |
| Trade receivables | 0.20 | 0.20 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.59 | −1.97 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.59 | 1.98 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Real Growth Corporation done over the last 8 quarters?
Revenue from operations peaked at ₹3.80 crore in Q4 FY25 and was ₹0 crore in each of the last four reported quarters. Profit after tax peaked at ₹7.39 crore in Q4 FY25 and was a loss of ₹0.49 crore in Q2 FY27. The company reported a profit of ₹0.04 crore in Q1 FY27 before moving back into loss in the September 2026 quarter. The EBITDA margin was lowest at -68.2% in Q1 FY26 among the quarters for which a margin was given.
What else did the company announce?
The board approved the un-audited financial results for the quarter and half year ended 30 September 2026 on 3 November 2026, along with the auditors' limited review report. The filing stated that the results had been subject to limited review by the statutory auditors and prepared under Indian Accounting Standards.
The same-day filing recorded the reconstitution of the Audit Committee, with Neelu Kapoor as Chairperson and Gazal Mittal and Rajesh Goyal as members, all non-executive directors. The Nomination and Remuneration Committee was also reconstituted with Neelu Kapoor as Chairperson, Gazal Mittal as member and Rajesh Goyal as member. The filings did not announce a dividend or a fund raise.
How did other Trading & Distributors companies do?
A total of 32 other Trading & Distributors companies had filed for this quarter as of 5 November 2026. Their median revenue growth was 31.0%, while the company recorded no revenue from operations in Q2 FY27. Of these peers, peers_growing_slower_than_company was not specified and peers_growing_faster_than_company was not specified in the data available.
Among the peers for which profit was compared, 25 reported higher profit, from a set of peers_profit_compared of 44. The comparison covered companies in the Trading & Distributors industry that had filed for the quarter.
| Real Growth Corporation revenue growth (YoY) | not comparable |
|---|---|
| Median of 32 other Trading & Distributors companies | +31.0% |
| Companies whose net profit rose | 25 of 44 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Real Growth Corporation's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Real Growth Corporation make a profit in Q2 FY27?
No. It reported a net loss of ₹0.49 crore, against a net loss of ₹0.02 crore in Q2 FY26.
What was Real Growth Corporation's EPS in Q2 FY27?
Basic loss per share was ₹1.22.
When did Real Growth Corporation announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended On 30Th September, 2026. (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday, 03.11.2026 To Approve The Un-Audited Financial Results For The Quarter Ended On 30.09.2026 (BSE, 3 November 2026) · PDF
- Un-Audited Financial Results For The Quarter Ended 30.09.2026 (BSE, 3 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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