Simplex Mills Company Q2 FY27 results: net loss widens to ₹0.04 crore

How did Simplex Mills Company perform in Q2 FY27?

Simplex Mills Company reported standalone revenue of ₹0 crore in Q2 FY27, compared with ₹0.06 crore in Q2 FY26. Other income was ₹0.15 crore, total expenses were ₹0.19 crore and EBITDA was negative ₹0.13 crore. The company reported a net loss of ₹0.04 crore and basic EPS of ₹13.13 loss per share for the quarter ended 30 September 2026.

Against Q1 FY27, revenue remained ₹0 crore and total income remained ₹0.15 crore. EBITDA was negative ₹0.13 crore, the net loss was ₹0.04 crore and total expenses were ₹0.19 crore in both quarters, while basic EPS moved from ₹12.45 loss per share to ₹13.13 loss per share. Compared with Q2 FY26, total income fell 31.8% to ₹0.15 crore, EBITDA fell by ₹0.01 crore, and the net loss widened by ₹0.02 crore.

The reported EBITDA margin was not available for Q2 FY27, so no current-quarter margin is stated. The year-ago Q2 FY26 EBITDA margin was -187.0%. The results are standalone; no consolidated figures are given in the supplied information.

What changed in Simplex Mills Company's costs and profit?

Total expenses were ₹0.19 crore in Q2 FY27, down ₹0.05 crore from ₹0.24 crore in Q2 FY26, a decrease of 20.8%. Finance costs were ₹0.07 crore, up ₹0.01 crore or 16.7% from ₹0.06 crore. Employee cost and other expenses were unchanged at ₹0.02 crore and ₹0.10 crore, respectively, while cost of materials and depreciation were unchanged at ₹0 crore.

Other income was ₹0.15 crore, down ₹0.01 crore or 6.3% from ₹0.16 crore in Q2 FY26. Tax remained at ₹0 crore in both periods. There was no exceptional item in either quarter. The filing does not state a reason for the changes in finance costs, other income or expenses.

The cost lines show lower total expenses in Q2 FY27, but other income was also lower and finance costs were higher. The supplied filing excerpts do not provide a further explanation for the movement in profit.

How did the first half of FY27 go?

In the first half of FY27, revenue was ₹0 crore, compared with ₹0.06 crore in H1 FY26. Total income was ₹0.31 crore, down ₹0.07 crore or 18.4% from ₹0.38 crore, while profit before tax was negative ₹0.08 crore compared with negative ₹0.04 crore.

The first-half net loss was ₹0.08 crore, compared with a net loss of ₹0.04 crore in H1 FY26. Basic EPS was negative ₹25.59 for H1 FY27 against negative ₹13.66 for H1 FY26. The H1 FY27 figures are standalone.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹6.78 crore, compared with ₹6.85 crore at 31 March 2026. Total equity was negative ₹3.73 crore against negative ₹3.65 crore, while borrowings were ₹3.13 crore compared with ₹3.00 crore. Cash was ₹0.01 crore, down from ₹0.08 crore at the previous balance sheet date.

For H1 FY27, operating cash flow was negative ₹0.12 crore, compared with negative ₹0.15 crore in H1 FY26. Investing cash flow was ₹0.05 crore against ₹0.06 crore, and financing cash flow was ₹0.00 crore in both periods. The supplied cash-flow figures do not provide a closing cash balance.

How has Simplex Mills Company done over the last 8 quarters?

Across the supplied quarterly trend, revenue was highest at ₹0.09 crore in Q3 FY25 and was ₹0.06 crore in Q2 FY26 and Q3 FY26, before being ₹0 crore in Q4 FY26, Q1 FY27 and Q2 FY27. The latest quarter therefore shows no reported operating revenue.

Profit was positive at ₹0.01 crore in Q3 FY25 and negative thereafter. The supplied trend shows the lowest quarterly profit at negative ₹0.11 crore in Q4 FY26, while Q1 FY27 and Q2 FY27 both reported a net loss of ₹0.04 crore. The latest direction is therefore unchanged from the preceding quarter in revenue and net loss.

The EBITDA margin was -101.3% in Q3 FY25 and -286.6% in Q4 FY25, then -187.0% in Q2 FY26 and -171.8% in Q3 FY26. No EBITDA margin is available for the latest quarters. The supplied trend data does not provide a streak.

What did the auditors point out?

Khandelwal & Mehta LLP conducted a limited review under Standard on Review Engagements (SRE) 2410 and stated that it had not performed an audit and did not express an audit opinion. The auditors reported that nothing had come to their attention to believe that the statement did not disclose required information or contained a material misstatement.

The review report included an emphasis of matter concerning loans and advances recoverable from a company whose net worth is eroded, which were not impaired. The auditors said that, based on information from management and projections submitted by it, management viewed the advances as recoverable, and stated that their conclusion was not modified in respect of these matters.