- Home
- Results news
- Royal India Corporation
- Q2 FY27 results
Royal India Corporation Q2 FY27 results: net profit down 23.4% to ₹1.21 crore
Royal India Corporation Ltd reported a consolidated net profit of ₹1.21 crore in Q2 FY27, down from ₹1.58 crore in Q2 FY26 and ₹1.93 crore in Q1 FY27. Revenue was ₹0.55 crore, total income was ₹0.58 crore, EBITDA was ₹0 crore, and basic EPS was ₹0.10 for the quarter ended 30 September 2026.
Key points
- Revenue was ₹0.55 crore in Q2 FY27, down from ₹4.38 crore in Q2 FY26 and ₹3.63 crore in Q1 FY27.
- Net profit was ₹1.21 crore in Q2 FY27, compared with ₹1.58 crore in Q2 FY26 and ₹1.93 crore in Q1 FY27.
- Profit before tax was ₹0.80 crore, down from ₹1.58 crore in Q2 FY26 and ₹1.93 crore in Q1 FY27.
- EBITDA was ₹0 crore in Q2 FY27, against ₹0.73 crore in Q2 FY26 and ₹0.97 crore in Q1 FY27.
- For H1 FY27, revenue was ₹3.08 crore and net profit was ₹3.14 crore, compared with ₹46.05 crore and ₹4.79 crore respectively in H1 FY26.
How did Royal India Corporation perform in Q2 FY27?
Royal India Corporation reported consolidated revenue of ₹0.55 crore for Q2 FY27, down ₹4.93 crore from ₹4.38 crore in Q2 FY26 and ₹4.18 crore from ₹3.63 crore in Q1 FY27. Total income was ₹0.58 crore, while EBITDA was ₹0 crore, compared with ₹0.73 crore in the year-ago quarter and ₹0.97 crore in the previous quarter. The company reported a net profit of ₹1.21 crore, down from ₹1.58 crore a year ago and ₹1.93 crore in Q1 FY27.
Profit before tax was ₹0.80 crore in Q2 FY27, against ₹1.58 crore in Q2 FY26 and ₹1.93 crore in Q1 FY27. Basic EPS was ₹0.10, compared with ₹0.13 in Q2 FY26 and ₹0.16 in Q1 FY27. The results were also reported on a standalone basis; the standalone profit after tax was a loss of ₹0.05 crore, compared with ₹1.78 crore in the previous period.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | −0.55 | 3.63 | 4.38 | ||
| Other income | 1.13 | 1.45 | 1.06 | +6.6% | −22.1% |
| Total expenses | −0.22 | 3.15 | 3.87 | ||
| EBITDA | 0 | 0.97 | 0.73 | ||
| Profit before tax | 0.80 | 1.93 | 1.58 | −49.4% | −58.5% |
| Tax | −0.14 | 0 | 0 | ||
| Net profit | 1.21 | 1.93 | 1.58 | −23.4% | −37.3% |
| EPS (₹) | 0.10 | 0.16 | 0.13 | −23.1% | −37.5% |
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 Royal India Corporation's costs and profit?
Against Q2 FY26, consolidated total expenses fell by ₹4.09 crore, from ₹3.87 crore to ₹0.22 crore. Cost of materials fell by ₹3.37 crore, employee cost fell by ₹0.07 crore, depreciation fell by ₹0.05 crore and other expenses fell by ₹0.48 crore. Finance costs rose by ₹0.17 crore, from ₹0.20 crore to ₹0.37 crore.
Other income rose by ₹0.07 crore, from ₹1.06 crore to ₹1.13 crore, while tax moved from ₹0 crore to ₹0.14 crore. There was no exceptional item in either quarter. Despite lower operating costs, profit before tax fell by ₹0.78 crore and net profit declined by ₹0.37 crore, reflecting the sharp reduction in total income.
The filing did not state a reason for the lower revenue or the changes in costs. The board approved the unaudited standalone and consolidated results, along with the limited review report, at its meeting held on 5 November 2026.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | −0.47 | 2.90 | −3.37 | |
| Employee cost | 0.04 | 0.11 | −0.07 | −63.6% |
| Finance costs | 0.37 | 0.20 | +0.17 | +85.0% |
| Depreciation | −0.03 | 0.02 | −0.05 | |
| Other expenses | −0.16 | 0.32 | −0.48 | |
| Total expenses | −0.22 | 3.87 | −4.09 | |
| Other income | 1.13 | 1.06 | +0.07 | +6.6% |
| Tax | −0.14 | 0 | −0.14 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹3.08 crore, compared with ₹46.05 crore in H1 FY26. Total income fell from ₹48.17 crore to ₹5.66 crore, while profit before tax declined from ₹4.79 crore to ₹2.73 crore.
H1 FY27 net profit was ₹3.14 crore, down from ₹4.79 crore in H1 FY26, and basic EPS was ₹0.27 compared with ₹0.41. Revenue fell 93.3%, total income fell 88.2%, profit before tax fell 43.0% and net profit fell 34.4% year on year.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3.08 | 46.05 | −93.3% |
| Profit before tax | 2.73 | 4.79 | −43.0% |
| Net profit | 3.14 | 4.79 | −34.4% |
| EPS (₹) | 0.27 | 0.41 | −34.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹203.46 crore, compared with ₹201.00 crore at 31 March 2026. Total equity was ₹138.24 crore, against ₹140.79 crore, while borrowings rose from ₹11.80 crore to ₹17.66 crore. Cash and cash equivalents fell from ₹1.49 crore to ₹1.06 crore.
Inventories increased from ₹102.55 crore to ₹111.45 crore over the half year. Trade receivables rose from ₹26.72 crore to ₹28.40 crore, while trade payables declined from ₹32.45 crore to ₹32.01 crore.
H1 FY27 operating cash flow was negative ₹9.35 crore, compared with ₹85.50 crore in H1 FY26. Investing cash flow was ₹3.06 crore, against negative ₹0.47 crore, and financing cash flow was ₹5.85 crore, against negative ₹85.07 crore. There was no capital expenditure in H1 FY27, compared with ₹0.47 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 203.46 | 201 |
| Total equity | 138.24 | 140.79 |
| Borrowings | 17.66 | 11.80 |
| Cash and equivalents | 1.06 | 1.49 |
| Inventories | 111.45 | 102.55 |
| Trade receivables | 28.40 | 26.72 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −9.35 | 85.50 |
| Cash from investing | 3.06 | −0.47 |
| Cash from financing | 5.85 | −85.07 |
| Capital expenditure | 0 | 0.47 |
Source: Company's results filing (XBRL).
How has Royal India Corporation done over the last 5 quarters?
Revenue reached ₹4.38 crore in Q2 FY26 and ₹3.63 crore in Q1 FY27 before falling to negative ₹0.55 crore in Q2 FY27. The trend data shows revenue at ₹0.50 crore in Q4 FY26, with no revenue reported in Q3 FY26.
Net profit was ₹46.72 crore in Q4 FY26, the peak in the supplied quarterly series, and ₹0.41 crore in Q3 FY26, the low. It was ₹1.93 crore in Q1 FY27 and declined to ₹1.21 crore in Q2 FY27. The reported EBITDA margin was 26.7% in Q1 FY27, compared with 16.7% in Q2 FY26; no Q2 FY27 margin was available.
Which businesses drove the quarter?
The consolidated segment report recorded ₹0 crore of revenue and EBIT for Bullion, Jewellery, Diamonds, Securities (Investment) and Others in Q2 FY27. For Others, revenue was negative ₹0.55 crore and EBIT was ₹1.29 crore, compared with ₹0 crore of revenue and ₹1.06 crore of EBIT in Q2 FY26. No growth percentage was reported for the segments.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Bullion | 0 | 0 | ||
| Jewellery | 0 | 0 | ||
| Diamonds | 0 | 0 | ||
| Securities (Investment) | 0 | 0 | ||
| Others | −0.55 | 1.29 |
Source: Company's results filing (XBRL segment data).
How did other Gems, Jewellery And Watches companies do?
Seventeen other Gems, Jewellery And Watches companies had filed results for the quarter as of 6 November 2026. Their median revenue growth was 18.3%, and 9 of 17 companies reported higher profit.
| Royal India Corporation revenue growth (YoY) | not comparable |
|---|---|
| Median of 17 other Gems, Jewellery And Watches companies | +18.3% |
| Companies whose net profit rose | 9 of 17 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Royal India Corporation's revenue in Q2 FY27?
Revenue from operations was ₹0.55 crore, against ₹4.38 crore in Q2 FY26 (consolidated).
Did Royal India Corporation make a profit in Q2 FY27?
Yes. Net profit was ₹1.21 crore, against a net profit of ₹1.58 crore in Q2 FY26.
What was Royal India Corporation's EPS in Q2 FY27?
Basic earnings per share were ₹0.10, against ₹0.13 in Q2 FY26.
When did Royal India Corporation announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting Of The Board Of Directors Will Be Held On Thursday November 05, 2026 (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held Today I.E. November 05, 2026 (BSE, 5 November 2026) · PDF
- Results- Financial Results For The Quarter And Half Year Ended September 30, 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.