- Home
- Results news
- SBC Exports
- Q2 FY27 results
SBC Exports Q2 FY27 results: net profit up 0.1% to ₹11.38 crore, revenue up 94.0%
SBC Exports Limited reported consolidated Q2 FY27 revenue of ₹164.33 crore, up 94.0% from Q2 FY26. EBITDA rose to ₹14.82 crore, but the margin fell to 9.0% from 12.1%, while net profit was ₹11.38 crore and basic EPS was ₹0.24.
Key points
- Consolidated Q2 FY27 revenue was ₹164.33 crore, up 94.0% from ₹84.70 crore in Q2 FY26.
- EBITDA was ₹14.82 crore, up 44.2% from ₹10.28 crore, while EBITDA margin fell to 9.0% from 12.1%.
- Net profit was ₹11.38 crore, against ₹11.37 crore in Q2 FY26, and basic EPS was ₹0.24.
- H1 FY27 revenue was ₹285.4 crore, up 81.6% from ₹157.15 crore, and net profit was ₹20.98 crore.
- Garments Sales revenue was ₹99.36 crore, up 146.3% from ₹40.34 crore, with EBIT of ₹14.35 crore.
How did SBC Exports perform in Q2 FY27?
SBC Exports reported consolidated revenue of ₹164.33 crore in Q2 FY27, up ₹79.63 crore or 94.0% from ₹84.70 crore in Q2 FY26 and up ₹43.25 crore or 35.7% from ₹121.08 crore in Q1 FY27. Total income was ₹169.47 crore, compared with ₹88.6 crore a year earlier and ₹124.85 crore in the previous quarter.
Consolidated EBITDA was ₹14.82 crore, up ₹4.54 crore or 44.2% from ₹10.28 crore in Q2 FY26 and ₹1.70 crore or 13.0% from ₹13.12 crore in Q1 FY27. The EBITDA margin declined to 9.0% from 12.1% a year earlier and 10.8% in the previous quarter.
Profit before tax was ₹15.42 crore, against ₹11.37 crore in Q2 FY26 and ₹12.75 crore in Q1 FY27. Net profit was ₹11.38 crore, against ₹11.37 crore a year earlier and ₹9.60 crore in the previous quarter, while basic EPS was ₹0.24, unchanged from Q2 FY26 and up from ₹0.20 in Q1 FY27. On the standalone basis, revenue was ₹138.31 crore and net profit was ₹10.8 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 164.33 | 121.08 | 84.70 | +94.0% | +35.7% |
| Other income | 5.15 | 3.77 | 3.91 | +31.7% | +36.6% |
| Total expenses | 154.06 | 112.09 | 77.24 | +99.5% | +37.4% |
| EBITDA | 14.82 | 13.12 | 10.28 | +44.2% | +13.0% |
| EBITDA margin | 9.0% | 10.8% | 12.1% | −3.1 pp | −1.8 pp |
| Profit before tax | 15.42 | 12.75 | 11.37 | +35.6% | +20.9% |
| Tax | 4.04 | 3.15 | 0 | +28.3% | |
| Net profit | 11.38 | 9.60 | 11.37 | +0.1% | +18.5% |
| EPS (₹) | 0.24 | 0.20 | 0.24 | +0.0% | +20.0% |
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 SBC Exports' costs and profit?
Total expenses rose ₹76.82 crore or 99.5% to ₹154.06 crore from ₹77.24 crore in Q2 FY26, outpacing the increase in revenue. Cost of materials was the largest movement, rising ₹70.71 crore or 139.4% to ₹121.44 crore from ₹50.73 crore.
Employee cost rose ₹0.35 crore or 11.6% to ₹3.36 crore, finance costs increased ₹1.58 crore or 65.8% to ₹3.98 crore, depreciation rose ₹0.16 crore or 39.0% to ₹0.57 crore, and other expenses increased ₹1.41 crore or 50.4% to ₹4.21 crore. Other income rose ₹1.24 crore or 31.7% to ₹5.15 crore, and there was no exceptional item.
Tax expense was ₹4.04 crore in Q2 FY27 against no tax expense in Q2 FY26. This contributed to net profit being nearly unchanged at ₹11.38 crore even as profit before tax rose ₹4.05 crore or 35.6% to ₹15.42 crore; the net profit margin fell to 6.9% from 13.4%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 121.44 | 50.73 | +70.71 | +139.4% |
| Employee cost | 3.36 | 3.01 | +0.35 | +11.6% |
| Finance costs | 3.98 | 2.40 | +1.58 | +65.8% |
| Depreciation | 0.57 | 0.41 | +0.16 | +39.0% |
| Other expenses | 4.21 | 2.80 | +1.41 | +50.4% |
| Total expenses | 154.06 | 77.24 | +76.82 | +99.5% |
| Other income | 5.15 | 3.91 | +1.24 | +31.7% |
| Tax | 4.04 | 0 | +4.04 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹285.4 crore, up ₹128.25 crore or 81.6% from ₹157.15 crore in H1 FY26. Total income rose 82.3% to ₹294.32 crore from ₹161.41 crore, while profit before tax increased 90.0% to ₹28.17 crore from ₹14.83 crore.
H1 FY27 net profit was ₹20.98 crore, up ₹6.15 crore or 41.5% from ₹14.83 crore, and basic EPS was ₹0.44, up ₹0.13 or 41.9% from ₹0.31. The board approved the unaudited standalone and consolidated results for the quarter and half year ended on 30 September 2026 on 15 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 285.40 | 157.15 | +81.6% |
| Profit before tax | 28.17 | 14.83 | +90.0% |
| Net profit | 20.98 | 14.83 | +41.5% |
| EPS (₹) | 0.44 | 0.31 | +41.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹572.91 crore, up from ₹436.7 crore at 31 March 2026, while total equity was ₹100.26 crore against ₹80.19 crore. Borrowings increased to ₹306.38 crore from ₹227.13 crore and cash rose to ₹41.12 crore from ₹18.05 crore.
Inventories were ₹117.39 crore, against ₹106.49 crore at the previous balance sheet date. Trade receivables increased to ₹188.51 crore from ₹135.79 crore and trade payables to ₹94.12 crore from ₹87.55 crore.
H1 FY27 operating cash flow was an outflow of ₹55.73 crore, compared with an outflow of ₹57.25 crore in H1 FY26. Investing cash flow was an outflow of ₹0.44 crore against ₹2.59 crore, while financing cash flow was an inflow of ₹79.24 crore against ₹62.33 crore; capital expenditure was ₹2.37 crore versus ₹2.43 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 572.91 | 436.70 |
| Total equity | 100.26 | 80.19 |
| Borrowings | 306.38 | 227.13 |
| Cash and equivalents | 41.12 | 18.05 |
| Inventories | 117.39 | 106.49 |
| Trade receivables | 188.51 | 135.79 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −55.73 | −57.25 |
| Cash from investing | −0.44 | −2.59 |
| Cash from financing | 79.24 | 62.33 |
| Capital expenditure | 2.37 | 2.43 |
Source: Company's results filing (XBRL).
How has SBC Exports done over the last 8 quarters?
Revenue reached its highest level of the latest eight quarters at ₹164.33 crore in Q2 FY27, after rising from ₹121.08 crore in Q1 FY27 and ₹141.6 crore in Q4 FY26. It had fallen to ₹72.46 crore in Q1 FY26 from ₹84.7 crore in Q2 FY26, so the latest direction was upward.
Net profit of ₹11.38 crore in Q2 FY27 was the highest in the latest eight quarters, narrowly above ₹11.37 crore in Q2 FY26. It had bottomed at ₹3.47 crore in Q1 FY26, while the EBITDA margin peaked at 12.1% in Q2 FY26 and fell to 9.0% in the latest quarter. Revenue rose year on year in each of the last eight quarters, while profit rose year on year in each of the last five quarters.
Which businesses drove the quarter?
Garments Sales reported revenue of ₹99.36 crore in Q2 FY27, up 146.3% from ₹40.34 crore in the year-ago quarter. EBIT rose to ₹14.35 crore from ₹9.36 crore, while the reported EBIT margin was 14.4%.
IT Support Services reported revenue of ₹38.95 crore, up 59.1% from ₹24.48 crore, and EBIT of ₹3.25 crore against ₹2.02 crore. Its reported EBIT margin was 8.3%.
Tour & Travel Services reported revenue of ₹26.42 crore and EBIT of ₹0.73 crore, with an EBIT margin of 2.8%. No year-ago revenue or EBIT was available for this segment.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| IT Support Services | 38.95 | +59.1% | 3.25 | 8.3% |
| Garments Sales | 99.36 | +146.3% | 14.35 | 14.4% |
| Tour & Travel Services | 26.42 | 0.73 | 2.8% |
Source: Company's results filing (XBRL segment data).
How did SBC Exports shares react?
The filing was released after market hours. From the price when it appeared, the stock was down 0.8% after five minutes, up 0.1% after 15 minutes and down 0.3% after 30 minutes. On the reaction day, it closed 1.2% below its previous close.
By the next day's close, the stock was up 0.4% from its pre-results close, and by the fifth session it was down 0.9%. The Garments & Apparels industry median was up 0.1% on the reaction day, down 0.3% by the next close and down 6.7% by the fifth session, leaving SBC Exports ahead of the industry median by 5.8 percentage points over five sessions.
Earlier reaction-day moves were mixed: the shares fell 5.9% on 12 August 2026 and 5.0% on 29 May 2026, rose 1.7% on 5 February 2026 and 2.3% on 7 November 2025, and fell 4.2% on 24 January 2025 and 3.5% on 22 October 2024.
| After the filing | Stock | Garments & Apparels median |
|---|---|---|
| 5 minutes | −0.8% | |
| 15 minutes | +0.1% | |
| 30 minutes | −0.3% | |
| Reaction day | −1.2% | +0.1% |
| Next day | +0.4% | −0.3% |
| 5 days | −0.9% | −6.7% |
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 |
|---|---|
| 12 August 2026 | −5.9% |
| 29 May 2026 | −5.0% |
| 5 February 2026 | +1.7% |
| 7 November 2025 | +2.3% |
| 5 August 2025 | −0.4% |
| 21 May 2025 | +0.9% |
| 24 January 2025 | −4.2% |
| 22 October 2024 | −3.5% |
Source: MarketPing price-reaction measurement.
How did other Garments & Apparels companies do?
Ten other Garments & Apparels companies had filed results for the quarter by 4 November 2026. Their median revenue growth was 14.3%, compared with SBC Exports’ consolidated revenue growth of 94.0%; nine peers grew more slowly than SBC Exports and one grew faster.
Profit was higher for six of the eight peers for which profit was compared. SBC Exports’ revenue growth therefore exceeded the peer median, while the available profit comparison covered a smaller group of companies.
| SBC Exports revenue growth (YoY) | +94.0% |
|---|---|
| Median of 10 other Garments & Apparels companies | +14.3% |
| Companies with slower revenue growth than SBC Exports | 9 of 10 |
| Companies with faster revenue growth than SBC Exports | 1 of 10 |
| Companies whose net profit rose | 6 of 8 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was SBC Exports' revenue in Q2 FY27?
Revenue from operations was ₹164.33 crore, up 94.0% from ₹84.70 crore in Q2 FY26 (consolidated).
Did SBC Exports make a profit in Q2 FY27?
Yes. Net profit was ₹11.38 crore, against a net profit of ₹11.37 crore in Q2 FY26.
What was SBC Exports' EPS in Q2 FY27?
Basic earnings per share were ₹0.24, against ₹0.24 in Q2 FY26.
How did SBC Exports shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.2% from the previous close; the median Garments & Apparels stock moved +0.1%.
When did SBC Exports announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Quarterly Result For The Quarter And Half Year Ended On 30Th September 2026. (BSE, 12 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30Th Sept, 2026 (BSE, 15 October 2026) · PDF
- Result_For The Quarter And Half Year Ended On 30Th September 2026 (BSE, 15 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.