- Home
- Results news
- Silgo Retail
- Q2 FY27 results
Silgo Retail Q2 FY27 results: net profit ₹4.57 crore vs ₹1.44 crore, revenue up 143.9%
Silgo Retail Limited reported standalone revenue of ₹28.41 crore in Q2 FY27, up from ₹11.65 crore in Q2 FY26 and ₹12.15 crore in Q1 FY27. Net profit rose to ₹4.57 crore and basic EPS was ₹1.51, while EBITDA margin was 27.2%, below the previous quarter’s 32.5%.
Key points
- Revenue rose 143.9% year on year to ₹28.41 crore and increased 133.8% from Q1 FY27’s ₹12.15 crore.
- EBITDA was ₹7.72 crore, up 272.9% from ₹2.07 crore a year earlier, with a margin of 27.2% compared with 17.7%.
- Net profit rose 217.4% year on year to ₹4.57 crore from ₹1.44 crore and increased 112.6% from ₹2.15 crore in Q1 FY27.
- Basic EPS was ₹1.51, up from ₹0.61 in Q2 FY26 and ₹0.71 in Q1 FY27.
- Total assets were ₹190.69 crore as on 30 September 2026, while cash was ₹0.1 crore and borrowings were ₹21.11 crore.
How did Silgo Retail perform in Q2 FY27?
Silgo Retail reported standalone revenue of ₹28.41 crore for Q2 FY27, compared with ₹11.65 crore in Q2 FY26 and ₹12.15 crore in Q1 FY27. The company reported EBITDA of ₹7.72 crore and an EBITDA margin of 27.2%, against 17.7% a year earlier and 32.5% in the previous quarter. The board also approved consolidated results for the quarter and half-year ended 30 September 2026.
Profit before tax rose to ₹6.12 crore from ₹2.07 crore in Q2 FY26 and ₹2.88 crore in Q1 FY27. After tax of ₹1.55 crore, Silgo Retail reported a net profit of ₹4.57 crore, compared with ₹1.44 crore and ₹2.15 crore in the two earlier periods. Basic EPS was ₹1.51, against ₹0.61 in the year-ago quarter and ₹0.71 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 28.41 | 12.15 | 11.65 | +143.9% | +133.8% |
| Other income | 0.03 | 0.03 | 0.02 | +50.0% | +0.0% |
| Total expenses | 22.32 | 9.30 | 9.60 | +132.5% | +140.0% |
| EBITDA | 7.72 | 3.94 | 2.07 | +272.9% | +95.9% |
| EBITDA margin | 27.2% | 32.5% | 17.7% | +9.5 pp | −5.3 pp |
| Profit before tax | 6.12 | 2.88 | 2.07 | +195.7% | +112.5% |
| Tax | 1.55 | 0.72 | 0.63 | +146.0% | +115.3% |
| Net profit | 4.57 | 2.15 | 1.44 | +217.4% | +112.6% |
| EPS (₹) | 1.51 | 0.71 | 0.61 | +147.5% | +112.7% |
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 Silgo Retail's costs and profit?
Total expenses rose to ₹22.32 crore from ₹9.60 crore in Q2 FY26, an increase of ₹12.72 crore. Cost of materials fell by ₹5.85 crore to ₹13.13 crore, while employee cost increased by ₹0.14 crore to ₹0.27 crore and other expenses rose by ₹0.56 crore to ₹1.09 crore. Finance costs increased by ₹1.61 crore to ₹1.62 crore, while depreciation was unchanged at ₹0.01 crore.
Other income increased by ₹0.01 crore to ₹0.03 crore from ₹0.02 crore in Q2 FY26. There was no exceptional item. Tax expense rose by ₹0.92 crore to ₹1.55 crore from ₹0.63 crore. Against Q1 FY27, total expenses increased by ₹13.02 crore and finance costs rose by ₹0.53 crore, while cost of materials increased by ₹11.52 crore and other expenses rose by ₹0.61 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 13.13 | 18.98 | −5.85 | −30.8% |
| Employee cost | 0.27 | 0.13 | +0.14 | +107.7% |
| Finance costs | 1.62 | 0.01 | +1.61 | +16100.0% |
| Depreciation | 0.01 | 0.01 | 0 | +0.0% |
| Other expenses | 1.09 | 0.53 | +0.56 | +105.7% |
| Total expenses | 22.32 | 9.60 | +12.72 | +132.5% |
| Other income | 0.03 | 0.02 | +0.01 | +50.0% |
| Tax | 1.55 | 0.63 | +0.92 | +146.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As on 30 September 2026, total assets were ₹190.69 crore, compared with ₹161.78 crore as on 31 March 2026, while total equity rose to ₹164.05 crore from ₹137.85 crore. Borrowings increased to ₹21.11 crore from ₹20.18 crore, and cash declined to ₹0.1 crore from ₹0.83 crore. Inventories fell to ₹113.38 crore from ₹120.08 crore, while trade receivables increased to ₹11.65 crore from ₹7.66 crore.
For H1 FY27, operating cash flow was ₹15.67 crore, compared with an outflow of ₹51.57 crore in H1 FY26. Investing cash flow was an outflow of ₹37.33 crore against ₹0.25 crore, while financing cash flow was an inflow of ₹20.94 crore compared with ₹52.01 crore. Capital expenditure was ₹0.00 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 190.69 | 161.78 |
| Total equity | 164.05 | 137.85 |
| Borrowings | 21.11 | 20.18 |
| Cash and equivalents | 0.10 | 0.83 |
| Inventories | 113.38 | 120.08 |
| Trade receivables | 11.65 | 7.66 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 15.67 | −51.57 |
| Cash from investing | −37.33 | −0.25 |
| Cash from financing | 20.94 | 52.01 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Silgo Retail done over the last 8 quarters?
Revenue reached a period high of ₹28.41 crore in Q2 FY27, compared with ₹11.04 crore in Q3 FY26 and ₹13.38 crore in Q4 FY26. Net profit also peaked at ₹4.57 crore, above ₹2.15 crore in Q1 FY27 and ₹1.91 crore in Q4 FY26. Revenue rose year on year in each of the last two quarters, while profit rose year on year in each of the last eight quarters.
The EBITDA margin rose from 13.2% in Q3 FY25 to 17.7% in Q2 FY26 and peaked at 32.5% in Q1 FY27. It eased to 27.2% in Q2 FY27, while revenue moved higher and net profit reached ₹4.57 crore. The latest quarter therefore combined higher revenue and profit with a lower margin than the preceding quarter.
How did Silgo Retail shares react?
Silgo Retail’s shares were down 1.8% after five minutes and 15 minutes from the price when the filing appeared, and were down 0.2% after 30 minutes. The filing was released on 6 November 2026, and the industry’s median reaction-day move was a fall of 1.4%. No reaction-day, next-day or five-day return was available for the stock in the supplied data.
Earlier result-day reactions were mixed. The shares fell 0.5% on 13 August 2026, fell 1.6% on 29 May 2026 and rose 2.1% on 13 February 2026. The largest move in the listed past reactions was a rise of 5.0% on 21 May 2025, following a fall of 4.2% on 13 August 2025.
| After the filing | Stock | Gems Jewellery And Watches median |
|---|---|---|
| 5 minutes | −1.8% | |
| 15 minutes | −1.8% | |
| 30 minutes | −0.2% |
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 | −0.5% |
| 29 May 2026 | −1.6% |
| 13 February 2026 | +2.1% |
| 14 November 2025 | −1.2% |
| 13 August 2025 | −4.2% |
| 21 May 2025 | +5.0% |
| 10 February 2025 | −1.2% |
| 14 November 2024 | −1.6% |
Source: MarketPing price-reaction measurement.
How did other Gems Jewellery And Watches companies do?
Fourteen other Gems Jewellery And Watches companies had filed for the quarter by 6 November 2026. Their median revenue growth was 33.8%. Thirteen peers grew more slowly than Silgo Retail, while one grew faster; Silgo Retail’s revenue growth was 143.9%.
Among the peers for which profit was compared, 11 reported higher profit, out of 14 companies. These figures relate to the other industry companies and do not include Silgo Retail.
| Silgo Retail revenue growth (YoY) | +143.9% |
|---|---|
| Median of 14 other Gems Jewellery And Watches companies | +33.8% |
| Companies with slower revenue growth than Silgo Retail | 13 of 14 |
| Companies with faster revenue growth than Silgo Retail | 1 of 14 |
| Companies whose net profit rose | 11 of 14 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Silgo Retail's revenue in Q2 FY27?
Revenue from operations was ₹28.41 crore, up 143.9% from ₹11.65 crore in Q2 FY26 (standalone).
Did Silgo Retail make a profit in Q2 FY27?
Yes. Net profit was ₹4.57 crore, against a net profit of ₹1.44 crore in Q2 FY26.
What was Silgo Retail's EPS in Q2 FY27?
Basic earnings per share were ₹1.51, against ₹0.61 in Q2 FY26.
When did Silgo Retail announce its Q2 FY27 results?
On 6 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 6 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.