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Smartlink Holdings Q2 FY27 results: net profit up 117.7% to ₹4.05 crore, revenue up 14.4%
Smartlink Holdings Limited reported consolidated revenue of ₹80.37 crore and a net profit of ₹4.05 crore for Q2 FY27. Revenue rose 14.4% from Q2 FY26, while EBITDA increased to ₹4.23 crore and EBITDA margin widened to 5.3% from 2.2%.
Key points
- Consolidated Q2 FY27 revenue was ₹80.37 crore, up 14.4% from ₹70.27 crore in Q2 FY26.
- EBITDA was ₹4.23 crore in Q2 FY27, compared with ₹1.56 crore in the year-ago quarter, while EBITDA margin rose to 5.3% from 2.2%.
- Net profit was ₹4.05 crore, up from ₹1.86 crore in Q2 FY26, and basic EPS was ₹4.06 compared with ₹1.87.
- Against Q1 FY27, revenue rose 23.1% to ₹80.37 crore, but net profit fell 27.8% to ₹4.05 crore and EBITDA margin declined to 5.3% from 7.1%.
- For H1 FY27, revenue was ₹145.65 crore, up 35.8%, while net profit was ₹9.66 crore, up 139.1% from H1 FY26.
How did Smartlink Holdings perform in Q2 FY27?
Smartlink Holdings reported consolidated revenue of ₹80.37 crore for Q2 FY27, up 14.4% from ₹70.27 crore in Q2 FY26. Other income was ₹2.47 crore and total income rose 14.2% to ₹82.84 crore. EBITDA increased by ₹2.67 crore to ₹4.23 crore, and EBITDA margin widened by 3.1 percentage points to 5.3%.
Profit before tax was ₹5.47 crore in Q2 FY27, up from ₹2.71 crore in the year-ago quarter, while tax expense rose to ₹1.42 crore from ₹0.85 crore. Net profit increased by ₹2.19 crore to ₹4.05 crore, and basic EPS rose to ₹4.06 from ₹1.87. Against Q1 FY27, revenue rose ₹15.10 crore, but EBITDA fell to ₹4.23 crore from ₹4.62 crore, net profit fell to ₹4.05 crore from ₹5.61 crore, and basic EPS fell to ₹4.06 from ₹5.62.
On a standalone basis, Q2 FY27 revenue was ₹41.12 crore and the company reported a loss before tax of ₹0.39 crore. Standalone profit for the period was a net loss of ₹0.33 crore, against a net loss of ₹0.39 crore in Q2 FY26, while revenue was up 44.1%.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 80.37 | 65.27 | 70.27 | +14.4% | +23.1% |
| Other income | 2.47 | 4.14 | 2.30 | +7.4% | −40.3% |
| Total expenses | 77.37 | 61.97 | 69.86 | +10.8% | +24.9% |
| EBITDA | 4.23 | 4.62 | 1.56 | +171.2% | −8.4% |
| EBITDA margin | 5.3% | 7.1% | 2.2% | +3.1 pp | −1.8 pp |
| Profit before tax | 5.47 | 7.44 | 2.71 | +101.8% | −26.5% |
| Tax | 1.42 | 1.84 | 0.85 | +67.1% | −22.8% |
| Net profit | 4.05 | 5.61 | 1.86 | +117.7% | −27.8% |
| EPS (₹) | 4.06 | 5.62 | 1.87 | +117.1% | −27.8% |
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 Smartlink Holdings' costs and profit?
Total expenses increased by ₹7.51 crore from Q2 FY26 to ₹77.37 crore in Q2 FY27, with cost of materials accounting for a ₹9.82 crore increase to ₹35.49 crore. Employee cost rose ₹0.50 crore to ₹6.84 crore, finance costs increased ₹0.02 crore to ₹0.13 crore, depreciation rose ₹0.06 crore to ₹1.10 crore, and other expenses increased ₹0.27 crore to ₹4.42 crore. There was no exceptional item in either quarter.
Other income rose by ₹0.17 crore to ₹2.47 crore from Q2 FY26, while tax expense increased by ₹0.57 crore to ₹1.42 crore. EBITDA rose by ₹2.67 crore to ₹4.23 crore and profit before tax increased by ₹2.76 crore to ₹5.47 crore. Compared with Q1 FY27, total expenses rose ₹15.40 crore, including a ₹12.72 crore increase in cost of materials, while other income fell ₹1.67 crore and tax expense fell ₹0.42 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 35.49 | 25.67 | +9.82 | +38.3% |
| Employee cost | 6.84 | 6.34 | +0.50 | +7.9% |
| Finance costs | 0.13 | 0.11 | +0.02 | +18.2% |
| Depreciation | 1.10 | 1.04 | +0.06 | +5.8% |
| Other expenses | 4.42 | 4.15 | +0.27 | +6.5% |
| Total expenses | 77.37 | 69.86 | +7.51 | +10.8% |
| Other income | 2.47 | 2.30 | +0.17 | +7.4% |
| Tax | 1.42 | 0.85 | +0.57 | +67.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Smartlink Holdings reported consolidated revenue of ₹145.65 crore, up 35.8% from ₹107.29 crore in H1 FY26. Total income rose 34.9% to ₹152.25 crore, while profit before tax increased by ₹7.34 crore to ₹12.91 crore. The company reported no exceptional item in the period.
Net profit for H1 FY27 was ₹9.66 crore, compared with ₹4.04 crore in H1 FY26, and basic EPS rose from ₹4.05 to ₹9.68. The company’s board approved the unaudited consolidated and standalone results for the quarter and half year ended 30 September 2026 on 28 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 145.65 | 107.29 | +35.8% |
| Profit before tax | 12.91 | 5.57 | +131.8% |
| Net profit | 9.66 | 4.04 | +139.1% |
| EPS (₹) | 9.68 | 4.05 | +139.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹294.64 crore, lower than ₹302.06 crore at 31 March 2026. Total equity rose to ₹217.63 crore from ₹209.80 crore, while borrowings were ₹2.45 crore and cash was ₹1.34 crore. Inventories rose to ₹59.70 crore from ₹33.83 crore, trade receivables fell to ₹69.60 crore from ₹89.41 crore, and trade payables declined to ₹57.59 crore from ₹73.23 crore.
For H1 FY27, operating cash flow was negative ₹14.84 crore, compared with positive ₹4.40 crore in H1 FY26. Investing cash flow was positive ₹15.73 crore against negative ₹3.74 crore a year earlier, financing cash flow was negative ₹0.15 crore against negative ₹1.19 crore, and capital expenditure was ₹3.04 crore compared with ₹1.29 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 294.64 | 302.06 |
| Total equity | 217.63 | 209.80 |
| Borrowings | 2.45 | 0 |
| Cash and equivalents | 1.34 | 0.60 |
| Inventories | 59.70 | 33.83 |
| Trade receivables | 69.60 | 89.41 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −14.84 | 4.40 |
| Cash from investing | 15.73 | −3.74 |
| Cash from financing | −0.15 | −1.19 |
| Capital expenditure | 3.04 | 1.29 |
Source: Company's results filing (XBRL).
How has Smartlink Holdings done over the last 8 quarters?
Revenue increased year-on-year in each of the last five quarters. Over the reported period, revenue peaked at ₹99.35 crore in Q4 FY26 and was ₹80.37 crore in Q2 FY27, up from ₹65.27 crore in Q1 FY27. Profit after tax peaked at ₹6.87 crore in Q4 FY26 and was ₹4.05 crore in Q2 FY27, compared with ₹5.61 crore in the preceding quarter.
EBITDA margin reached its highest level in the reported series at 8.7% in Q4 FY26 and fell to 7.1% in Q1 FY27 and 5.3% in Q2 FY27. Revenue and profit both rose year-on-year in the last three quarters, while the latest quarter showed lower profit and EBITDA margin than Q1 FY27.
How did Smartlink Holdings shares react?
Earlier reaction-day moves were mixed. The stock rose 20.4% on 13 May 2026 and 10.4% on 6 November 2025, but fell 0.7% on 6 February 2026 and 2.0% on 9 May 2025. On 31 July 2026, the reaction-day move was 5.2%, while the moves on 12 August 2025 and 10 February 2025 were 2.6% each.
| After the filing | Stock |
|---|---|
| 5 minutes | +2.2% |
| 15 minutes | +0.6% |
| 30 minutes | +1.3% |
| Reaction day | +0.0% |
| Next day | −2.9% |
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 |
|---|---|
| 31 July 2026 | +5.2% |
| 13 May 2026 | +20.4% |
| 6 February 2026 | −0.7% |
| 6 November 2025 | +10.4% |
| 12 August 2025 | +2.6% |
| 9 May 2025 | −2.0% |
| 10 February 2025 | +2.6% |
| 7 November 2024 | −1.4% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Smartlink Holdings' revenue in Q2 FY27?
Revenue from operations was ₹80.37 crore, up 14.4% from ₹70.27 crore in Q2 FY26 (consolidated).
Did Smartlink Holdings make a profit in Q2 FY27?
Yes. Net profit was ₹4.05 crore, against a net profit of ₹1.86 crore in Q2 FY26.
What was Smartlink Holdings' EPS in Q2 FY27?
Basic earnings per share were ₹4.06, against ₹1.87 in Q2 FY26.
How did Smartlink Holdings shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.0% from the previous close.
When did Smartlink Holdings announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 28 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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