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Sigma Advanced Systems Q2 FY27 results: net profit ₹14.88 crore vs ₹0.81 crore
Sigma Advanced Systems Limited reported standalone revenue of ₹46.52 crore in Q2 FY27, up 12.6% from ₹41.33 crore in Q1 FY27. EBITDA rose 28.1% to ₹12.59 crore, while the margin expanded 3.3 percentage points to 27.1%; profit after tax increased 55.5% to ₹14.88 crore and basic EPS rose to ₹0.79.
Key points
- Q2 FY27 standalone revenue was ₹46.52 crore, against ₹41.33 crore in Q1 FY27 and ₹0 crore in Q2 FY26.
- EBITDA was ₹12.59 crore in Q2 FY27, up from ₹9.83 crore in Q1 FY27, while the EBITDA margin rose to 27.1% from 23.8%.
- Profit before tax was ₹19.23 crore, up 51.2% from ₹12.72 crore in Q1 FY27, while profit after tax rose 55.5% to ₹14.88 crore.
- Basic EPS increased to ₹0.79 from ₹0.54 in Q1 FY27 and was ₹0.11 in Q2 FY26.
How did Sigma Advanced Systems perform in Q2 FY27?
Sigma Advanced Systems reported standalone revenue of ₹46.52 crore for Q2 FY27, 12.6% higher than ₹41.33 crore in Q1 FY27. EBITDA was ₹12.59 crore, up 28.1% from ₹9.83 crore, and the EBITDA margin expanded to 27.1% from 23.8%, a rise of 3.3 percentage points.
Profit before tax rose 51.2% to ₹19.23 crore from ₹12.72 crore in Q1 FY27. Profit after tax increased 55.5% to ₹14.88 crore from ₹9.57 crore, while basic EPS rose to ₹0.79 from ₹0.54. In Q2 FY26, revenue was ₹0 crore, EBITDA was ₹1.97 crore, profit after tax was ₹0.81 crore and basic EPS was ₹0.11.
The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, together with the statements of assets and liabilities and cash flows. The figures discussed here are on a standalone basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 46.52 | 41.33 | 0 | +12.6% | |
| Other income | 10.58 | 6.22 | 3.85 | +174.8% | +70.1% |
| Total expenses | 37.87 | 34.83 | 3.04 | +1145.7% | +8.7% |
| EBITDA | 12.59 | 9.83 | −1.97 | turned to profit | +28.1% |
| EBITDA margin | 27.1% | 23.8% | +3.3 pp | ||
| Profit before tax | 19.23 | 12.72 | 0.81 | +2274.1% | +51.2% |
| Tax | 4.35 | 3.15 | 0 | +38.1% | |
| Net profit | 14.88 | 9.57 | 0.81 | +1737.0% | +55.5% |
| EPS (₹) | 0.79 | 0.54 | 0.11 | +618.2% | +46.3% |
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 Sigma Advanced Systems' costs and profit?
Total expenses increased to ₹37.87 crore in Q2 FY27 from ₹3.04 crore in Q2 FY26, a rise of ₹34.83 crore. Cost of materials was ₹32.55 crore against ₹0 crore, employee cost was ₹4.82 crore against ₹0.77 crore, and finance costs were ₹2.71 crore against ₹0.14 crore.
Other income increased to ₹10.58 crore from ₹3.85 crore in Q2 FY26, a difference of ₹6.73 crore. Depreciation was ₹1.24 crore against ₹0.93 crore, while other expenses were ₹5.56 crore against ₹1.20 crore. There was no exceptional item in either quarter.
Tax expense was ₹4.35 crore in Q2 FY27, compared with no tax in Q2 FY26, a difference of ₹4.35 crore. The filing does not provide a further explanation for the changes in the cost lines or other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 32.55 | 0 | +32.55 | |
| Employee cost | 4.82 | 0.77 | +4.05 | +526.0% |
| Finance costs | 2.71 | 0.14 | +2.57 | +1835.7% |
| Depreciation | 1.24 | 0.93 | +0.31 | +33.3% |
| Other expenses | 5.56 | 1.20 | +4.36 | +363.3% |
| Total expenses | 37.87 | 3.04 | +34.83 | +1145.7% |
| Other income | 10.58 | 3.85 | +6.73 | +174.8% |
| Tax | 4.35 | 0 | +4.35 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Sigma Advanced Systems reported standalone revenue of ₹87.84 crore and total income of ₹103.4 crore. Profit before tax was ₹31.95 crore, profit after tax was ₹24.45 crore and basic EPS was ₹1.34.
Against H1 FY26, total income fell 46.0% to ₹103.4 crore from ₹191.5 crore. Profit before tax declined 81.0% to ₹31.95 crore from ₹168.25 crore, while profit after tax fell 82.2% to ₹24.45 crore from ₹137.25 crore. Basic EPS declined 92.8% to ₹1.34 from ₹18.6.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 87.84 | 0 | |
| Profit before tax | 31.95 | 168.25 | −81.0% |
| Net profit | 24.45 | 137.25 | −82.2% |
| EPS (₹) | 1.34 | 18.60 | −92.8% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets rose to ₹1,159.63 crore as on 30 September 2026 from ₹626.26 crore as on 31 March 2026, while total equity increased to ₹969.78 crore from ₹474.33 crore. Borrowings were ₹123.65 crore against ₹66.45 crore, and cash was ₹42.38 crore against ₹11.74 crore.
Inventories increased to ₹24.71 crore from ₹16.5 crore. Trade receivables fell to ₹126.82 crore from ₹142.6 crore, while trade payables declined to ₹17.72 crore from ₹53.27 crore.
In H1 FY27, operating cash flow was negative ₹196.57 crore, compared with negative ₹110.57 crore in H1 FY26. Investing cash flow was negative ₹296.0 crore against positive ₹236.73 crore, while financing cash flow was ₹523.2 crore against negative ₹134.18 crore. Capital expenditure was ₹21.59 crore compared with ₹41.96 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,160 | 626.26 |
| Total equity | 969.78 | 474.33 |
| Borrowings | 123.65 | 66.45 |
| Cash and equivalents | 42.38 | 11.74 |
| Inventories | 24.71 | 16.50 |
| Trade receivables | 126.82 | 142.60 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −196.57 | −110.57 |
| Cash from investing | −296 | 236.73 |
| Cash from financing | 523.20 | −134.18 |
| Capital expenditure | 21.59 | 41.96 |
Source: Company's results filing (XBRL).
How has Sigma Advanced Systems done over the last 8 quarters?
Revenue reached ₹105.7 crore and profit after tax ₹46.66 crore in Q4 FY26, the highest levels in the reported quarterly series. Revenue then fell to ₹41.33 crore and profit after tax to ₹9.57 crore in Q1 FY27, before both recovered in Q2 FY27.
The EBITDA margin was 27.0% in Q4 FY26 and 23.8% in Q1 FY27, before rising to 27.1% in Q2 FY27. Q2 FY27 revenue of ₹46.52 crore remained below the Q4 FY26 level, while profit after tax of ₹14.88 crore also remained below that quarter.
What else did the company announce?
The board appointed Galla Jayadev and Urkavalan Jeya Santhi as additional independent directors, the latter as an independent woman director. Raju Somashekar Baggavalli was designated Chairman, Kartheek Raju Chintalapati was designated Vice Chairman, and Sunil Kumar Kalidindi’s designation was changed to Managing Director.
The board also noted the resignations of Suryanarayana Raju Nandyala, Leona Ambuja and Uma Garimella. The same-day filings did not announce a dividend.
Quick answers
What was Sigma Advanced Systems' revenue in Q2 FY27?
Revenue from operations was ₹46.52 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Sigma Advanced Systems make a profit in Q2 FY27?
Yes. Net profit was ₹14.88 crore, against a net profit of ₹0.81 crore in Q2 FY26.
What was Sigma Advanced Systems' EPS in Q2 FY27?
Basic earnings per share were ₹0.79, against ₹0.11 in Q2 FY26.
When did Sigma Advanced Systems announce its Q2 FY27 results?
On 6 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Prior Intimation Of Board Meeting As Per The Provisions Of SEBI (LODR) Regulations 2015. (BSE, 3 November 2026) · PDF
- Outcome of Board Meeting (NSE, 6 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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