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Reliance Industrial Infrastructure Q2 FY27 results: net profit down 8.5% to ₹2.80 crore, revenue down 31.4%
Reliance Industrial Infrastructure Limited reported consolidated revenue of ₹8.35 crore and a net profit of ₹2.80 crore for Q2 FY27. Revenue fell 31.4% from Q2 FY26, while profit declined 8.5% and EBITDA margin widened to -31.5%.
Key points
- Consolidated Q2 FY27 revenue was ₹8.35 crore, down 31.4% from ₹12.17 crore in Q2 FY26 and 3.4% from ₹8.64 crore in Q1 FY27.
- The company reported a net profit of ₹2.80 crore, down 8.5% year on year and 1.4% from the previous quarter; basic EPS was ₹1.85.
- EBITDA was ₹2.63 crore, with an EBITDA margin of -31.5% compared with -17.3% in Q2 FY26 and -37.3% in Q1 FY27.
- H1 FY27 revenue was ₹16.99 crore, down 31.0% from ₹24.63 crore in H1 FY26, while net profit was ₹5.64 crore, down 8.4%.
- The stock was up 4.6% on the reaction day and 4.1% by the next day's close, before falling to -4.8% by the fifth session.
How did Reliance Industrial Infrastructure perform in Q2 FY27?
Reliance Industrial Infrastructure reported consolidated revenue of ₹8.35 crore for Q2 FY27, down 31.4% from ₹12.17 crore in Q2 FY26 and 3.4% from ₹8.64 crore in Q1 FY27. Total income was ₹14.06 crore, compared with ₹18.13 crore and ₹14.92 crore in the respective periods. The company reported a net profit of ₹2.80 crore, against ₹3.06 crore a year ago and ₹2.84 crore in the previous quarter; basic EPS was ₹1.85.
EBITDA was ₹2.63 crore in Q2 FY27, compared with ₹2.10 crore in Q2 FY26 and ₹3.22 crore in Q1 FY27. The EBITDA margin was -31.5%, compared with -17.3% a year ago and -37.3% in the previous quarter. On the standalone basis, revenue was ₹8.35 crore, down 31.4%, while profit after tax was ₹2.61 crore against ₹2.58 crore in Q2 FY26.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 8.35 | 8.64 | 12.17 | −31.4% | −3.4% |
| Other income | 5.71 | 6.28 | 5.96 | −4.2% | −9.1% |
| Total expenses | 11.33 | 12.20 | 14.62 | −22.5% | −7.1% |
| EBITDA | −2.63 | −3.22 | −2.10 | ||
| EBITDA margin | -31.5% | -37.3% | -17.3% | −14.2 pp | +5.8 pp |
| Profit before tax | 2.73 | 2.72 | 3.51 | −22.2% | +0.4% |
| Tax | 0.12 | 0.15 | 0.93 | −87.1% | −20.0% |
| Net profit | 2.80 | 2.84 | 3.06 | −8.5% | −1.4% |
| EPS (₹) | 1.85 | 1.88 | 2.03 | −8.9% | −1.6% |
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 Reliance Industrial Infrastructure's costs and profit?
Total expenses fell by ₹3.29 crore, or 22.5%, from Q2 FY26 to ₹11.33 crore, including a ₹3.26 crore, or 28.0%, reduction in other expenses. Employee cost was ₹2.60 crore, down ₹0.03 crore or 1.1%, while depreciation was unchanged at ₹0.35 crore. Cost of materials and finance costs were unchanged, and there was no exceptional item.
Other income declined by ₹0.25 crore, or 4.2%, to ₹5.71 crore from ₹5.96 crore in Q2 FY26. Profit before tax fell by ₹0.78 crore, or 22.2%, to ₹2.73 crore. Tax expense was ₹0.12 crore, down ₹0.81 crore or 87.1%, and net profit declined by ₹0.26 crore, or 8.5%, to ₹2.80 crore. Against Q1 FY27, other income fell by ₹0.57 crore and tax expense fell by ₹0.03 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 2.60 | 2.63 | −0.03 | −1.1% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.35 | 0.35 | 0 | +0.0% |
| Other expenses | 8.38 | 11.64 | −3.26 | −28.0% |
| Total expenses | 11.33 | 14.62 | −3.29 | −22.5% |
| Other income | 5.71 | 5.96 | −0.25 | −4.2% |
| Tax | 0.12 | 0.93 | −0.81 | −87.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹16.99 crore, down 31.0% from ₹24.63 crore in H1 FY26. Total income was ₹28.98 crore, down 20.4% from ₹36.41 crore, while profit before tax fell 21.9% to ₹5.45 crore from ₹6.98 crore.
Net profit for the first half was ₹5.64 crore, down 8.4% from ₹6.16 crore in H1 FY26, and basic EPS was ₹3.74 compared with ₹4.08. The consolidated results also included the company's share of the associate's profit, which the auditor's review report put at ₹46 lakhs for the half year.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 16.99 | 24.63 | −31.0% |
| Profit before tax | 5.45 | 6.98 | −21.9% |
| Net profit | 5.64 | 6.16 | −8.4% |
| EPS (₹) | 3.74 | 4.08 | −8.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹507.92 crore, compared with ₹529.8 crore at 31 March 2026, and total equity was ₹463.31 crore against ₹473.91 crore. Borrowings were unchanged at no borrowing, while cash was ₹1.05 crore compared with ₹0.92 crore. Inventories were ₹0.36 crore against ₹0.08 crore, trade receivables were ₹5.98 crore against ₹2.92 crore, and trade payables were ₹24.52 crore against ₹27.9 crore.
H1 FY27 operating cash flow was -₹15.39 crore, compared with -₹13.42 crore in H1 FY26. Investing cash flow was ₹20.74 crore against ₹17.92 crore, financing cash flow was -₹5.22 crore against -₹5.31 crore, and capital expenditure was unchanged at no capital expenditure.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 507.92 | 529.80 |
| Total equity | 463.31 | 473.91 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 1.05 | 0.92 |
| Inventories | 0.36 | 0.08 |
| Trade receivables | 5.98 | 2.92 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −15.39 | −13.42 |
| Cash from investing | 20.74 | 17.92 |
| Cash from financing | −5.22 | −5.31 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Reliance Industrial Infrastructure done over the last 8 quarters?
Revenue peaked at ₹12.49 crore in Q4 FY25 and was lowest at ₹8.35 crore in Q2 FY27. Profit reached its highest level of ₹3.22 crore in Q4 FY26 and was lowest at ₹2.80 crore in Q2 FY27, while the EBITDA margin moved from -14.8% in Q4 FY26 to -37.3% in Q1 FY27 before improving to -31.5%.
The latest quarter showed lower revenue than Q1 FY27, with net profit also lower and the EBITDA margin improving from -37.3% to -31.5%. Profit before tax was ₹2.73 crore in Q2 FY27, compared with ₹2.72 crore in Q1 FY27.
How did Reliance Industrial Infrastructure shares react?
The filing appeared after market hours. From the price when the filing appeared, the stock was down 0.4% after 5 minutes, 0.4% after 15 minutes and 0.5% after 30 minutes. On the reaction day, it rose 4.6% from the previous close, and by the next day's close it was up 4.1% from the pre-results close.
By the fifth session's close, the stock was down 4.8% from the pre-results close. The Logistics Solution Provider industry median was down 1.4% on the reaction day, down 0.5% by the next day's close and down 6.4% by the fifth session, leaving the stock ahead of the industry median by 6.0 percentage points, 4.5 percentage points and 1.7 percentage points, respectively. Earlier reaction-day moves were -0.5% on 15 July 2026, -1.5% on 15 April 2026 and -1.6% on 14 January 2026.
| After the filing | Stock | Logistics Solution Provider median |
|---|---|---|
| 5 minutes | −0.4% | |
| 15 minutes | −0.4% | |
| 30 minutes | −0.5% | |
| Reaction day | +4.6% | −1.4% |
| Next day | +4.1% | −0.5% |
| 5 days | −4.8% | −6.4% |
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 |
|---|---|
| 15 July 2026 | −0.5% |
| 15 April 2026 | −1.5% |
| 14 January 2026 | −1.6% |
| 15 October 2025 | −0.2% |
| 16 July 2025 | +1.2% |
| 16 April 2025 | +0.4% |
| 15 January 2025 | +1.4% |
| 11 October 2024 | +0.6% |
Source: MarketPing price-reaction measurement.
How did other Logistics Solution Provider companies do?
Among 16 Logistics Solution Provider companies that filed for the quarter, the median revenue growth was 15.4%. One peer grew slower than Reliance Industrial Infrastructure and 15 peers grew faster than the company.
Of the 14 peers with comparable profit data, 12 reported higher profit. The peer comparison was as of 4 November 2026.
| Reliance Industrial Infrastructure revenue growth (YoY) | −31.4% |
|---|---|
| Median of 16 other Logistics Solution Provider companies | +15.4% |
| Companies with slower revenue growth than Reliance Industrial Infrastructure | 1 of 16 |
| Companies with faster revenue growth than Reliance Industrial Infrastructure | 15 of 16 |
| Companies whose net profit rose | 12 of 14 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Reliance Industrial Infrastructure's revenue in Q2 FY27?
Revenue from operations was ₹8.35 crore, down 31.4% from ₹12.17 crore in Q2 FY26 (consolidated).
Did Reliance Industrial Infrastructure make a profit in Q2 FY27?
Yes. Net profit was ₹2.80 crore, against a net profit of ₹3.06 crore in Q2 FY26.
What was Reliance Industrial Infrastructure's EPS in Q2 FY27?
Basic earnings per share were ₹1.85, against ₹2.03 in Q2 FY26.
How did Reliance Industrial Infrastructure shares react to the Q2 FY27 results?
On the reaction day the stock moved +4.6% from the previous close; the median Logistics Solution Provider stock moved −1.4%.
When did Reliance Industrial Infrastructure announce its Q2 FY27 results?
On 14 October 2026, in a filing to the NSE.
Sources
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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.