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Shukra Bullions Q2 FY27 results: net profit down 85.7% to ₹0.01 crore, revenue up 38.9%
Shukra Bullions Ltd reported standalone revenue of ₹0.50 crore in Q2 FY27, up 38.9% from Q2 FY26, while EBITDA and net profit fell to ₹0.01 crore from ₹0.07 crore. The company returned to profit from Q1 FY27, when it reported a net loss of ₹0.02 crore, and reported a net loss of ₹0.01 crore for the first half of FY27.
Key points
- Q2 FY27 standalone revenue was ₹0.50 crore, up ₹0.14 crore or 38.9% from ₹0.36 crore in Q2 FY26.
- Net profit was ₹0.01 crore in Q2 FY27, down ₹0.06 crore from ₹0.07 crore in Q2 FY26, and basic EPS was ₹0.
- EBITDA was ₹0.01 crore, down ₹0.06 crore from ₹0.07 crore, while the margin fell to 2.8% from 18.9%.
- Against Q1 FY27, revenue rose ₹0.25 crore to ₹0.50 crore and net profit moved to ₹0.01 crore from a net loss of ₹0.02 crore.
- H1 FY27 revenue was ₹0.75 crore, while the company reported a net loss of ₹0.01 crore and basic EPS of ₹0.
How did Shukra Bullions perform in Q2 FY27?
Shukra Bullions reported standalone revenue of ₹0.50 crore in Q2 FY27, up ₹0.14 crore or 38.9% from ₹0.36 crore in Q2 FY26. EBITDA was ₹0.01 crore, down ₹0.06 crore or 85.7%, while the EBITDA margin fell 16.1 percentage points to 2.8%. Net profit was ₹0.01 crore, down ₹0.06 crore or 85.7%, and basic EPS was ₹0.
Against Q1 FY27, revenue rose ₹0.25 crore or 100.0% from ₹0.25 crore. EBITDA and net profit moved to ₹0.01 crore from a net loss of ₹0.02 crore, while the EBITDA margin improved 12.1 percentage points from -9.3% to 2.8%. Basic EPS was ₹0, compared with -₹0.05 in the previous quarter.
The results are standalone and unaudited. The board approved the quarter and half-year results for the period ended 30 September 2026 on 3 November 2026, along with the statutory auditor’s limited review report.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.50 | 0.25 | 0.36 | +38.9% | +100.0% |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.49 | 0.27 | 0.29 | +69.0% | +81.5% |
| EBITDA | 0.01 | −0.02 | 0.07 | −85.7% | turned to profit |
| EBITDA margin | 2.8% | -9.3% | 18.9% | −16.1 pp | +12.1 pp |
| Profit before tax | 0.01 | −0.02 | 0.07 | −85.7% | turned to profit |
| Tax | 0 | 0 | 0 | ||
| Net profit | 0.01 | −0.02 | 0.07 | −85.7% | turned to profit |
| EPS (₹) | 0.00 | −0.05 | 0.01 | turned to profit |
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 Shukra Bullions' costs and profit?
Total expenses rose ₹0.20 crore or 69.0% to ₹0.49 crore in Q2 FY27 from ₹0.29 crore in Q2 FY26. Employee benefits expense increased by ₹0.02 crore to ₹0.02 crore, while other expenses were unchanged at ₹0.01 crore. Cost of materials consumed, finance costs and depreciation were also unchanged, and there was no exceptional item.
Other income was unchanged at ₹0 crore, and total tax expense was unchanged at ₹0 crore. The filing’s line items do not state a reason beyond the reported movement in expenses. As a result, EBITDA and profit before tax fell to ₹0.01 crore from ₹0.07 crore, while net profit also fell to ₹0.01 crore from ₹0.07 crore.
Compared with Q1 FY27, total expenses increased ₹0.22 crore or 81.5% to ₹0.49 crore, led by employee benefits expense of ₹0.02 crore against ₹0 crore. Other expenses fell ₹0.03 crore or 75.0% to ₹0.01 crore, while other income and tax were unchanged. The company moved from a net loss of ₹0.02 crore to net profit of ₹0.01 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.02 | 0 | +0.02 | |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.01 | 0.01 | 0 | +0.0% |
| Total expenses | 0.49 | 0.29 | +0.20 | +69.0% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Shukra Bullions reported standalone revenue of ₹0.75 crore, up ₹0.39 crore or 108.3% from ₹0.36 crore in H1 FY26. Total income was also ₹0.75 crore, against ₹0.36 crore a year earlier. Profit before tax and net profit each moved to a loss of ₹0.01 crore from profit of ₹0.03 crore.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.75 | 0.36 | +108.3% |
| Profit before tax | −0.01 | 0.03 | turned to loss |
| Net profit | −0.01 | 0.03 | turned to loss |
| EPS (₹) | 0.00 | 0.01 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹14.31 crore, up from ₹12.32 crore at 31 March 2026, while total equity rose to ₹2.05 crore from ₹1.80 crore. Borrowings remained unchanged at ₹0 crore and cash was ₹0.16 crore at both dates. Inventories increased to ₹6.74 crore from ₹6.22 crore.
For H1 FY27, operating cash flow was ₹0.01 crore, compared with a net cash outflow of ₹0.18 crore in H1 FY26. Financing cash flow was ₹0.01 crore against ₹0.03 crore, while investing cash flow and capital expenditure were unchanged. The available cash-flow excerpt did not include closing cash.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 14.31 | 12.32 |
| Total equity | 2.05 | 1.80 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.16 | 0.16 |
| Inventories | 6.74 | 6.22 |
| Trade receivables | 2.56 | 1.37 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.01 | −0.18 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.01 | 0.03 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Shukra Bullions done over the last 8 quarters?
Revenue rose from ₹0.36 crore in Q2 FY26 to ₹0.50 crore in Q2 FY27, after falling from ₹0.38 crore in Q3 FY26 to ₹0.25 crore in Q1 FY27. Revenue had peaked at ₹1.08 crore in Q4 FY25 in the reported series, while its lowest point was ₹0.0 crore in Q1 FY26.
Net profit was ₹0.01 crore in Q2 FY27, up from a net loss of ₹0.02 crore in Q1 FY27. It had peaked at ₹0.07 crore in Q2 FY26 and bottomed at a net loss of ₹0.04 crore in Q1 FY26. The EBITDA margin improved from -9.3% in Q1 FY27 to 2.8%, after peaking at 18.9% in Q2 FY26.
How did Shukra Bullions shares react?
Moves after the first trading session were not available. Earlier results-day reactions were -1.4% on 13 August 2026, 2.3% on 9 February 2026, -5.0% on 11 November 2025, -5.0% on 12 August 2024 and -2.0% on 29 May 2024.
| After the filing | Stock | Diversified Commercial Services median |
|---|---|---|
| Reaction day | −5.0% | +1.7% |
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 |
|---|---|
| 13 August 2026 | −1.4% |
| 9 February 2026 | +2.3% |
| 11 November 2025 | −5.0% |
| 12 August 2024 | −5.0% |
| 29 May 2024 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Diversified Commercial Services companies do?
Among 24 other Diversified Commercial Services companies that filed for the quarter, the median revenue growth was 15.6%. Nineteen peers grew more slowly than Shukra Bullions and five grew faster. Nineteen of 30 companies with comparable profit data reported higher profit.
| Shukra Bullions revenue growth (YoY) | +38.9% |
|---|---|
| Median of 24 other Diversified Commercial Services companies | +15.6% |
| Companies with slower revenue growth than Shukra Bullions | 19 of 24 |
| Companies with faster revenue growth than Shukra Bullions | 5 of 24 |
| Companies whose net profit rose | 19 of 30 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Shukra Bullions' revenue in Q2 FY27?
Revenue from operations was ₹0.50 crore, up 38.9% from ₹0.36 crore in Q2 FY26 (standalone).
Did Shukra Bullions make a profit in Q2 FY27?
Yes. Net profit was ₹0.01 crore, against a net profit of ₹0.07 crore in Q2 FY26.
What was Shukra Bullions' EPS in Q2 FY27?
Basic earnings per share were ₹0.00, against ₹0.01 in Q2 FY26.
How did Shukra Bullions shares react to the Q2 FY27 results?
On the reaction day the stock moved −5.0% from the previous close; the median Diversified Commercial Services stock moved +1.7%.
When did Shukra Bullions announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting To Consider & Approve Standalone Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September, 2026 (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting & Un-Audited Standalone Financial Results For The Quarter And Half Year Ended On 30Th September, 2026 (BSE, 3 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.
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