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Rudra Ecovation Q2 FY27 results: net loss widens to ₹1.16 crore, revenue down 94.3%
Rudra Ecovation Ltd reported standalone Q2 FY27 revenue of ₹0.55 crore and a net loss of ₹1.16 crore for the July–September 2026 quarter. Revenue fell 94.3% from Q2 FY26, while the EBITDA margin declined to -138.4% from -5.5%; basic EPS was -₹0.10.
Key points
- Q2 FY27 revenue was ₹0.55 crore, down 94.3% from ₹9.64 crore in Q2 FY26 and 89.0% from ₹5 crore in Q1 FY27.
- The company reported an EBITDA loss of ₹0.76 crore and an EBITDA margin of -138.4%, against -5.5% in Q2 FY26.
- A net loss of ₹1.16 crore and basic EPS of -₹0.10 were reported, compared with a net loss of ₹0.82 crore and EPS of -₹0.07 in Q2 FY26.
- H1 FY27 revenue fell to ₹5.55 crore from ₹14.92 crore in H1 FY26, while the net loss widened to ₹2.13 crore from ₹1.69 crore.
- Total assets were ₹136.92 crore at 30 September 2026, against ₹138.65 crore at 31 March 2026; cash and cash equivalents were ₹0.04 crore against ₹0.07 crore.
How did Rudra Ecovation perform in Q2 FY27?
Rudra Ecovation’s standalone revenue for Q2 FY27 was ₹0.55 crore in the July–September 2026 quarter, down 94.3% from ₹9.64 crore in Q2 FY26 and 89.0% from ₹5 crore in Q1 FY27. EBITDA was negative ₹0.76 crore, with a margin of -138.4%, compared with negative ₹0.53 crore and -5.5% in the year-ago quarter and negative ₹0.45 crore and -9.1% in the previous quarter.
The company reported a net loss of ₹1.16 crore and basic EPS of -₹0.10 for Q2 FY27. The year-ago quarter recorded a net loss of ₹0.82 crore and basic EPS of -₹0.07, while Q1 FY27 recorded a net loss of ₹0.97 crore and basic EPS of -₹0.08. The results are standalone; the filing states that the company’s main business is manufacturing and sale of textile products, including yarns and fabrics.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.55 | 5 | 9.64 | −94.3% | −89.0% |
| Other income | 0.01 | 0.04 | 0.33 | −97.0% | −75.0% |
| Total expenses | 1.84 | 6.05 | 10.83 | −83.0% | −69.6% |
| EBITDA | −0.76 | −0.45 | −0.53 | ||
| EBITDA margin | -138.4% | -9.1% | -5.5% | −132.9 pp | −129.3 pp |
| Profit before tax | −1.28 | −1.01 | −0.85 | ||
| Tax | −0.12 | −0.05 | −0.04 | ||
| Net profit | −1.16 | −0.97 | −0.82 | ||
| EPS (₹) | −0.10 | −0.08 | −0.07 |
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 Rudra Ecovation's costs and profit?
Total expenses fell to ₹1.84 crore in Q2 FY27 from ₹10.83 crore in Q2 FY26, with cost of materials down ₹5.80 crore, employee cost down ₹1.14 crore, finance costs down ₹0.10 crore, depreciation down ₹0.04 crore and other expenses down ₹0.59 crore. Other income fell ₹0.32 crore, from ₹0.33 crore to ₹0.01 crore, and there was no exceptional item in either quarter.
Against Q1 FY27, total expenses were lower by ₹4.21 crore and other income was lower by ₹0.03 crore. Cost of materials fell ₹3.49 crore, employee cost fell ₹0.90 crore, finance costs fell ₹0.05 crore, depreciation fell ₹0.03 crore and other expenses fell ₹0.22 crore. The tax expense was ₹0.12 crore in Q2 FY27, compared with ₹0.05 crore in Q1 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.03 | 5.83 | −5.80 | −99.5% |
| Employee cost | 0.13 | 1.27 | −1.14 | −89.8% |
| Finance costs | 0.26 | 0.36 | −0.10 | −27.8% |
| Depreciation | 0.26 | 0.30 | −0.04 | −13.3% |
| Other expenses | 0.74 | 1.33 | −0.59 | −44.4% |
| Total expenses | 1.84 | 10.83 | −8.99 | −83.0% |
| Other income | 0.01 | 0.33 | −0.32 | −97.0% |
| Tax | −0.12 | −0.04 | −0.08 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Rudra Ecovation reported revenue of ₹5.55 crore, total income of ₹5.6 crore, a loss before tax of ₹2.29 crore and a net loss of ₹2.13 crore. Revenue fell 62.8% from ₹14.92 crore in H1 FY26, total income fell 63.4% from ₹15.3 crore, and basic EPS was -₹0.17 compared with -₹0.14.
The H1 FY26 figures were revenue of ₹14.92 crore, total income of ₹15.3 crore, a loss before tax of ₹1.75 crore and a net loss of ₹1.69 crore. The filing approved the unaudited standalone results for the quarter and half year ended 30 September 2026, following review by the Audit Committee.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 5.55 | 14.92 | −62.8% |
| Profit before tax | −2.29 | −1.75 | |
| Net profit | −2.13 | −1.69 | |
| EPS (₹) | −0.17 | −0.14 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹136.92 crore, compared with ₹138.65 crore at 31 March 2026. Total equity was ₹117.23 crore against ₹119.35 crore, borrowings were ₹0.9 crore against ₹0.84 crore, and cash was ₹0.04 crore against ₹0.07 crore. Inventories were ₹7.73 crore against ₹8.55 crore, trade receivables were ₹19.02 crore against ₹19.45 crore, and trade payables were ₹0.78 crore against ₹0.48 crore.
H1 FY27 operating cash flow was ₹0.08 crore, compared with ₹0.68 crore in H1 FY26. Investing cash flow was ₹0.4 crore against ₹0.01 crore, financing cash flow was negative ₹0.51 crore against negative ₹0.7 crore, and there was no capital expenditure in either period. The filing’s balance sheet also showed ₹0.00 crore of capital work in progress at 30 September 2026.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 136.92 | 138.65 |
| Total equity | 117.23 | 119.35 |
| Borrowings | 0.90 | 0.84 |
| Cash and equivalents | 0.04 | 0.07 |
| Inventories | 7.73 | 8.55 |
| Trade receivables | 19.02 | 19.45 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.08 | 0.68 |
| Cash from investing | 0.40 | 0.01 |
| Cash from financing | −0.51 | −0.70 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Rudra Ecovation done over the last 8 quarters?
Revenue reached its highest level in the reported period at ₹9.64 crore in Q2 FY26 and its lowest at ₹0.55 crore in Q2 FY27. The latest quarter followed ₹5 crore in Q1 FY27, showing a further sequential decline. The company reported revenue of ₹0.55 crore and a net loss of ₹1.16 crore in Q2 FY27.
The EBITDA margin peaked at 3.7% in Q4 FY25 and fell to -138.4% in Q2 FY27, the lowest level in the reported series. The net loss was ₹1.16 crore in Q2 FY27, compared with a loss of ₹0.97 crore in Q1 FY27. The margin was -9.1% in Q1 FY27 and -12.4% in Q4 FY26.
What did the auditors point out?
The auditors’ report includes an emphasis of matter. The auditors drew attention to Note 4, which states that the final order of the merger and amalgamation of Rudra Ecovation Ltd with Shiva Texfabs Limited was pronounced by the Hon’ble NCLT, Chandigarh on 16 September 2026. The report also refers to Note 6 and the company’s special resolution, but the supplied excerpt does not provide the full wording of that note.
The filing states that the limited review report was issued by M/s. Manjul Mittal & Associates, FRN: 028039N, Chartered Accountants, Statutory Auditors, for the quarter ended 30 September 2026. The supplied excerpts do not identify a going-concern qualification or a qualified opinion.
How did Rudra Ecovation shares react?
The filing was released after market hours, with the prior close at ₹20.3 and the price when the filing appeared at ₹20.95. The stock fell 3.2% after 5 minutes, 5.8% after 15 minutes and 4.1% after 30 minutes. It closed 0.9% lower on the reaction day and was down 1.5% by the next day’s close and 9.4% by the fifth session’s close, measured from the pre-results close.
On the reaction day, the Other Textile Products industry median moved 0.2%, and the stock’s move was 1.2 percentage points below that median. By the fifth session, the industry median was down 2.2%, while the stock was down 9.4%, a gap of 7.1 percentage points. Earlier reaction-day moves included -6.6% on 13 August 2026, -1.3% on 29 May 2026 and 1.6% on 13 February 2026.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | −3.2% | |
| 15 minutes | −5.8% | |
| 30 minutes | −4.1% | |
| Reaction day | −0.9% | +0.2% |
| Next day | −1.5% | +0.9% |
| 5 days | −9.4% | −2.2% |
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 |
|---|---|
| 13 August 2026 | −6.6% |
| 29 May 2026 | −1.3% |
| 13 February 2026 | +1.6% |
| 13 November 2025 | −1.3% |
| 13 August 2025 | −6.5% |
| 29 May 2025 | −5.3% |
| 13 August 2024 | +1.9% |
| 25 May 2024 | +2.0% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 Other Textile Products companies that filed for this quarter, the median revenue growth was 24.1%. All 61 peers grew faster than Rudra Ecovation, while none grew slower than the company. The peer figures are stated as of 4 November 2026.
Of the 64 companies compared for profit, 44 reported higher profit. Rudra Ecovation reported a net loss of ₹1.16 crore for Q2 FY27, compared with a net loss of ₹0.82 crore in Q2 FY26.
| Rudra Ecovation revenue growth (YoY) | −94.3% |
|---|---|
| Median of 61 other Other Textile Products companies | +24.1% |
| Companies with slower revenue growth than Rudra Ecovation | 0 of 61 |
| Companies with faster revenue growth than Rudra Ecovation | 61 of 61 |
| Companies whose net profit rose | 44 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Rudra Ecovation's revenue in Q2 FY27?
Revenue from operations was ₹0.55 crore, down 94.3% from ₹9.64 crore in Q2 FY26 (standalone).
Did Rudra Ecovation make a profit in Q2 FY27?
No. It reported a net loss of ₹1.16 crore, against a net loss of ₹0.82 crore in Q2 FY26.
What was Rudra Ecovation's EPS in Q2 FY27?
Basic loss per share was ₹0.10, against a loss of ₹0.07 in Q2 FY26.
How did Rudra Ecovation shares react to the Q2 FY27 results?
On the reaction day the stock moved −0.9% from the previous close; the median Other Textile Products stock moved +0.2%.
When did Rudra Ecovation announce its Q2 FY27 results?
On 12 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 12.10.2026 (BSE, 6 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On October 12, 2026 (BSE, 12 October 2026) · PDF
- Un-Audited Financial Results For The Quarter Ended 30Th September, 2026 (BSE, 12 October 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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