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Shekhawati Industries Q2 FY27 results: net loss of ₹1.81 crore vs ₹1.87 crore profit, revenue up 33.7%
Shekhawati Industries Ltd reported standalone revenue of ₹4.01 crore and a net loss of ₹1.81 crore for Q2 FY27, ended 30 September 2026. Revenue rose 33.7% from Q2 FY26, while the result moved from a net profit of ₹1.87 crore to a net loss; basic EPS was ₹0.54 against ₹0.54, reflecting the loss.
Key points
- Q2 FY27 standalone revenue was ₹4.01 crore, up 33.7% from ₹3 crore in Q2 FY26.
- The company reported a net loss of ₹1.81 crore in Q2 FY27, against a net profit of ₹1.87 crore in Q2 FY26.
- EBITDA was negative ₹1.23 crore, with an EBITDA margin of -30.6%, compared with ₹1.91 crore and 63.8% in the year-ago quarter.
- Total expenses rose to ₹5.87 crore from ₹1.30 crore in Q2 FY26; there was no exceptional item in either quarter.
- For H1 FY27, revenue was ₹5.53 crore and total income was ₹13.82 crore, while PAT was ₹4.56 crore.
How did Shekhawati Industries perform in Q2 FY27?
Shekhawati Industries’ standalone revenue for Q2 FY27 was ₹4.01 crore, compared with ₹3 crore in Q2 FY26 and ₹1.52 crore in Q1 FY27. Total income was ₹4.07 crore, against ₹3.18 crore a year earlier and ₹9.75 crore in the previous quarter. The company reported a net loss of ₹1.81 crore in Q2 FY27, compared with a net profit of ₹1.87 crore in Q2 FY26 and ₹6.37 crore in Q1 FY27. Basic EPS was negative ₹0.54, against ₹0.54 in Q2 FY26 and ₹1.85 in Q1 FY27.
EBITDA was negative ₹1.23 crore in Q2 FY27, compared with ₹1.91 crore in Q2 FY26 and negative ₹1.21 crore in Q1 FY27. The EBITDA margin was -30.6% in Q2 FY27, against 63.8% in Q2 FY26 and -79.8% in Q1 FY27. Profit before tax was negative ₹1.80 crore, compared with ₹1.87 crore in the year-ago quarter and ₹6.52 crore in the previous quarter. The results are standalone; the company said consolidated financial statements were not applicable because it had made no investment in the LLP or undertaken transactions during the quarter.
The filing states that the standalone unaudited results were reviewed by the audit committee and approved by the board on 21 October 2026. The quarter ended on 30 September 2026 and covered July–September 2026. The filing also reported basic and diluted EPS of negative ₹0.52 in its statement of unaudited financial results for the quarter, while the structured quarterly figures report basic EPS of negative ₹0.54.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4.01 | 1.52 | 3 | +33.7% | +163.8% |
| Other income | 0.06 | 8.23 | 0.18 | −66.7% | −99.3% |
| Total expenses | 5.87 | 3.23 | 1.30 | +351.5% | +81.7% |
| EBITDA | −1.23 | −1.21 | 1.91 | turned to loss | |
| EBITDA margin | -30.6% | -79.8% | 63.8% | −94.4 pp | +49.2 pp |
| Profit before tax | −1.80 | 6.52 | 1.87 | turned to loss | turned to loss |
| Tax | 0.01 | 0.16 | 0 | −93.8% | |
| Net profit | −1.81 | 6.37 | 1.87 | turned to loss | turned to loss |
| EPS (₹) | −0.54 | 1.85 | 0.54 | turned to loss | 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 Shekhawati Industries' costs and profit?
Total expenses rose to ₹5.87 crore in Q2 FY27 from ₹1.30 crore in Q2 FY26, an increase of ₹4.57 crore. Cost of materials consumed was ₹3.55 crore against ₹0.15 crore, a difference of ₹3.40 crore. Other expenses were ₹1.09 crore against ₹0.23 crore, a difference of ₹0.86 crore. Finance costs increased by ₹0.22 crore to ₹0.23 crore, while depreciation and amortisation increased by ₹0.20 crore to ₹0.41 crore; employee benefits expense was ₹0.67 crore, ₹0.04 crore lower than the year-ago quarter.
Other income was ₹0.06 crore in Q2 FY27, down ₹0.12 crore from ₹0.18 crore in Q2 FY26. The company reported no exceptional item in either quarter. Tax expense was ₹0.01 crore, compared with ₹0 crore in Q2 FY26. These figures show the reported change from a profit before tax of ₹1.87 crore to negative ₹1.80 crore, but the filing excerpt does not state the reasons for the expense changes.
Against Q1 FY27, total expenses increased by ₹2.64 crore to ₹5.87 crore, while other income fell by ₹8.17 crore to ₹0.06 crore. Profit before tax moved from ₹6.52 crore to negative ₹1.80 crore, and PAT moved from ₹6.37 crore to a net loss of ₹1.81 crore. No exceptional item was reported in Q1 FY27 or Q2 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 3.55 | 0.15 | +3.40 | +2266.7% |
| Employee cost | 0.67 | 0.71 | −0.04 | −5.6% |
| Finance costs | 0.23 | 0.01 | +0.22 | +2200.0% |
| Depreciation | 0.41 | 0.21 | +0.20 | +95.2% |
| Other expenses | 1.09 | 0.23 | +0.86 | +373.9% |
| Total expenses | 5.87 | 1.30 | +4.57 | +351.5% |
| Other income | 0.06 | 0.18 | −0.12 | −66.7% |
| Tax | 0.01 | 0 | +0.01 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Shekhawati Industries reported standalone revenue of ₹5.53 crore, compared with ₹6.00 crore in H1 FY26. Total income was ₹13.82 crore against ₹7.41 crore, while PBT was ₹4.72 crore against ₹4.69 crore. PAT for H1 FY27 was ₹4.56 crore, compared with ₹4.69 crore in H1 FY26, and basic EPS was ₹1.31 against ₹1.36.
The first-half comparison shows revenue lower by ₹0.47 crore and PAT lower by ₹0.13 crore than in H1 FY26. Total income was higher by ₹6.41 crore, while PBT was higher by ₹0.03 crore. The filing reports these results as standalone and unaudited for the half year ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 5.53 | 6 | −7.8% |
| Profit before tax | 4.72 | 4.69 | +0.6% |
| Net profit | 4.56 | 4.69 | −2.8% |
| EPS (₹) | 1.31 | 1.36 | −3.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹32.94 crore, compared with ₹31.9 crore at 31 March 2026. Total equity was ₹26.54 crore against ₹21.99 crore, and borrowings were ₹4.09 crore against ₹0.00 crore. Cash and cash equivalents were ₹0.38 crore, compared with ₹1.7 crore. Inventories increased from ₹16.42 crore to ₹23.9 crore, trade receivables were ₹0.35 crore against ₹0.47 crore, and trade payables were ₹0.04 crore against ₹7.63 crore.
For H1 FY27, net cash used in operating activities was ₹7.75 crore, compared with ₹6.01 crore in H1 FY26. Net cash from investing activities was ₹2.79 crore against ₹8.37 crore, and net cash from financing activities was ₹3.63 crore against negative ₹0.05 crore. Capital expenditure was ₹0.84 crore in H1 FY27, compared with ₹0.6 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 32.94 | 31.90 |
| Total equity | 26.54 | 21.99 |
| Borrowings | 4.09 | 0 |
| Cash and equivalents | 0.38 | 1.70 |
| Inventories | 23.90 | 16.42 |
| Trade receivables | 0.35 | 0.47 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −7.75 | −6.01 |
| Cash from investing | 2.79 | 8.37 |
| Cash from financing | 3.63 | −0.05 |
| Capital expenditure | 0.84 | 0.60 |
Source: Company's results filing (XBRL).
How has Shekhawati Industries done over the last 8 quarters?
The quarterly pattern shows revenue peaked at ₹15.29 crore in Q3 FY25 and was lowest at ₹1.52 crore in Q1 FY27; Q2 FY27 revenue rose to ₹4.01 crore. PAT was highest at ₹6.37 crore in Q1 FY27 and lowest at negative ₹1.81 crore in Q2 FY27. EBITDA margin reached 63.8% in Q2 FY26, turned negative at -9.7% in Q3 FY26, recovered to 52.4% in Q4 FY26 and was -30.6% in Q2 FY27. The latest quarter therefore moved from the highest PAT in the series to the lowest, while revenue increased from the immediately preceding quarter.
The margin series also shows a wide shift across the reported quarters: EBITDA margin was 59.9% in Q1 FY26 and 63.8% in Q2 FY26, before reaching -79.8% in Q1 FY27. Q2 FY27 improved from that level to -30.6%, although it remained negative. The supplied trend data does not provide a streak.
Which businesses drove the quarter?
Textile operations generated segment revenue of ₹4.04 crore in Q2 FY27, compared with ₹3.00 crore in Q2 FY26, an increase of ₹0.04 crore. Segment EBIT was negative ₹0.58 crore against ₹2.19 crore in the year-ago quarter. The reported textile EBIT margin was -14.2%. The filing reports no Real Estate operations revenue or segment result for the quarter.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Textile Operation | 4.04 | +34.7% | −0.58 | -14.2% |
| Real Estate Operations | 0 | 0 |
Source: Company's results filing (XBRL segment data).
How did Shekhawati Industries shares react?
The filing was announced after market on 21 October 2026. The stock’s reaction-day move was -7.6% from the previous close of ₹23.81. By the next session’s close, the cumulative move from that pre-results close was -12.2%, and by the fifth session’s close it was 0.8%. The stock was unchanged in the first 5, 15 and 30 minutes after the filing appeared.
| After the filing | Stock |
|---|---|
| 5 minutes | +0.0% |
| 15 minutes | +0.0% |
| 30 minutes | +0.0% |
| Reaction day | −7.6% |
| Next day | −12.2% |
| 5 days | +0.8% |
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 | +4.4% |
| 27 April 2026 | +2.2% |
| 21 January 2026 | −16.2% |
| 18 October 2025 | −6.3% |
| 24 July 2025 | −2.6% |
| 16 January 2025 | −2.0% |
| 5 November 2024 | +2.0% |
| 24 July 2024 | +1.8% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Shekhawati Industries' revenue in Q2 FY27?
Revenue from operations was ₹4.01 crore, up 33.7% from ₹3 crore in Q2 FY26 (standalone).
Did Shekhawati Industries make a profit in Q2 FY27?
No. It reported a net loss of ₹1.81 crore, against a net profit of ₹1.87 crore in Q2 FY26.
What was Shekhawati Industries' EPS in Q2 FY27?
Basic loss per share was ₹0.54, against ₹0.54 in Q2 FY26.
How did Shekhawati Industries shares react to the Q2 FY27 results?
On the reaction day the stock moved −7.6% from the previous close.
When did Shekhawati Industries announce its Q2 FY27 results?
On 21 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 21 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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