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South Asian Enterprises Q2 FY27 results: net profit ₹0.10 crore vs ₹0.02 crore, revenue down 50.0%
South Asian Enterprises Ltd. reported standalone Q2 FY27 revenue of ₹0.06 crore and a net profit of ₹0.10 crore, reversing the previous quarter’s loss. Revenue fell 50.0% from Q2 FY26, while the exceptional gain helped profit before tax rise 66.7% to ₹0.10 crore.
Key points
- Revenue was ₹0.06 crore in Q2 FY27, down ₹0.06 crore or 50.0% from Q2 FY26 and ₹0.02 crore or 25.0% from Q1 FY27.
- Net profit was ₹0.10 crore, up ₹0.08 crore or 400.0% from Q2 FY26 and ₹0.17 crore from the previous quarter’s loss.
- EBITDA was ₹0.12 crore, with a negative margin of 194.1%, compared with a negative margin of 137.0% in Q1 FY27.
- The quarter included an exceptional gain of ₹0.15 crore on the sale of property, plant and equipment.
- Total income for H1 FY27 fell 37.5% to ₹0.25 crore, while profit after tax turned to ₹0.04 crore from a loss of ₹0.04 crore.
How did South Asian Enterprises perform in Q2 FY27?
South Asian Enterprises reported standalone revenue from operations of ₹0.06 crore for Q2 FY27, compared with ₹0.12 crore in Q2 FY26 and ₹0.08 crore in Q1 FY27. Total income was ₹0.13 crore, down ₹0.18 crore or 58.1% year on year but up ₹0.01 crore or 8.3% sequentially. The results were approved by the board on 28 October 2026 and carried no adverse comments in the auditors’ limited review.
Standalone EBITDA was ₹0.12 crore for the quarter, compared with ₹0.10 crore in Q2 FY26 and ₹0.11 crore in Q1 FY27. The negative EBITDA margin widened to 194.1% from 87.6% a year earlier and 137.0% in the preceding quarter. Profit before tax rose to ₹0.10 crore from ₹0.06 crore a year earlier, while net profit increased to ₹0.10 crore from ₹0.02 crore.
Against Q1 FY27, profit before tax and net profit each improved by ₹0.17 crore, moving from a loss of ₹0.07 crore to a profit of ₹0.10 crore. Basic EPS after exceptional items was ₹0.26 in Q2 FY27, compared with ₹0.05 in Q2 FY26 and ₹0.17 in Q1 FY27. The filing presents the quarterly and half-year figures on a standalone basis; no consolidated figures were provided in the supplied information.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.06 | 0.08 | 0.12 | −50.0% | −25.0% |
| Other income | 0.07 | 0.04 | 0.20 | −65.0% | +75.0% |
| Total expenses | 0.18 | 0.18 | 0.26 | −30.8% | +0.0% |
| EBITDA | −0.12 | −0.11 | −0.10 | ||
| EBITDA margin | -194.1% | -137.0% | -87.6% | −106.5 pp | −57.1 pp |
| Profit before tax | 0.10 | −0.07 | 0.06 | +66.7% | turned to profit |
| Tax | 0 | 0 | 0.04 | ||
| Net profit | 0.10 | −0.07 | 0.02 | +400.0% | 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 South Asian Enterprises' costs and profit?
Total expenses fell to ₹0.18 crore in Q2 FY27 from ₹0.26 crore in Q2 FY26, a reduction of ₹0.08 crore or 30.8%, and were unchanged from Q1 FY27. Employee benefit expense remained ₹0.05 crore, other expenses remained ₹0.10 crore, and finance costs and cost of materials were unchanged year on year. Depreciation fell by ₹0.04 crore to ₹0.00 crore in the quarter.
Other income declined to ₹0.07 crore from ₹0.20 crore in Q2 FY26, down ₹0.13 crore or 65.0%, although it rose ₹0.03 crore or 75.0% from ₹0.04 crore in Q1 FY27. The quarter included an exceptional gain of ₹0.15 crore on the sale of property, plant and equipment, against no exceptional item in either comparison period.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.05 | 0.05 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0.04 | −0.04 | |
| Other expenses | 0.10 | 0.10 | 0 | +0.0% |
| Total expenses | 0.18 | 0.26 | −0.08 | −30.8% |
| Other income | 0.07 | 0.20 | −0.13 | −65.0% |
| Tax | 0 | 0.04 | −0.04 | |
| Exceptional items | +0.15 (gain) | none |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue from operations was ₹0.14 crore, down ₹0.01 crore or 6.7% from ₹0.15 crore in H1 FY26. Total income fell ₹0.15 crore or 37.5% to ₹0.25 crore, while total expenses declined to ₹0.36 crore from ₹0.40 crore.
Profit before tax for the first half was ₹0.04 crore, compared with a loss of ₹0.00 crore in H1 FY26. Profit after tax turned to ₹0.04 crore from a loss of ₹0.04 crore. The filing showed basic EPS after exceptional items of ₹0.09 for H1 FY27, compared with a loss of ₹0.10 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.14 | 0.15 | −6.7% |
| Profit before tax | 0.04 | 0 | |
| Net profit | 0.04 | −0.04 | turned to profit |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹3.38 crore, up from ₹3.32 crore at 31 March 2026. Total equity was ₹3.31 crore, compared with ₹3.27 crore, while borrowings were ₹0.00 crore at both dates. Cash declined to ₹0.05 crore from ₹0.07 crore, while inventories rose to ₹0.05 crore from ₹0.03 crore and trade receivables fell to ₹0.01 crore from ₹0.02 crore.
H1 FY27 operating cash flow was ₹0.39 crore, compared with negative ₹0.17 crore in H1 FY26. Investing cash flow was negative ₹0.41 crore, compared with ₹0.09 crore a year earlier, while financing cash flow was ₹0.00 crore in both periods. Capital expenditure was ₹0.00 crore in each half-year.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3.38 | 3.32 |
| Total equity | 3.31 | 3.27 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.05 | 0.07 |
| Inventories | 0.05 | 0.03 |
| Trade receivables | 0.01 | 0.02 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.39 | −0.17 |
| Cash from investing | −0.41 | 0.09 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has South Asian Enterprises done over the last 8 quarters?
Revenue peaked at ₹0.15 crore in Q4 FY26 and fell to ₹0.08 crore in Q1 FY27 and ₹0.06 crore in Q2 FY27. Profit after tax moved from a loss of ₹0.07 crore in Q1 FY27 to a profit of ₹0.10 crore in the latest quarter, reversing the preceding quarter’s loss.
The negative EBITDA margin reached its lowest point at 72.0% in Q4 FY26 and then widened to 137.0% in Q1 FY27 and 194.1% in Q2 FY27. Across the earlier quarters, revenue was highest at ₹0.12 crore in Q2 FY26, while profit after tax was lowest at a loss of ₹3.17 crore in Q3 FY25.
Which businesses drove the quarter?
Trading revenue was ₹0.06 crore in Q2 FY27, down 47.3% from ₹0.12 crore in Q2 FY26. Segment EBIT was a loss of ₹0.12 crore, compared with a loss of ₹0.10 crore a year earlier, and the reported EBIT margin was 192.3% below zero.
Others recorded revenue of ₹0.07 crore, up 50.6% from ₹0.05 crore in the year-ago quarter, and EBIT of ₹0.07 crore compared with ₹0.05 crore. Its reported EBIT margin was 100.0%. Entertainment reported no revenue or EBIT in the quarter, against ₹0.15 crore of revenue and ₹0.11 crore of EBIT in Q2 FY26.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Entertainment | 0 | 0 | ||
| Trading | 0.06 | −47.3% | −0.12 | -192.3% |
| Others | 0.07 | +50.6% | 0.07 | 100.0% |
Source: Company's results filing (XBRL segment data).
Quick answers
What was South Asian Enterprises' revenue in Q2 FY27?
Revenue from operations was ₹0.06 crore, down 50.0% from ₹0.12 crore in Q2 FY26 (standalone).
Did South Asian Enterprises make a profit in Q2 FY27?
Yes. Net profit was ₹0.10 crore, against a net profit of ₹0.02 crore in Q2 FY26.
When did South Asian Enterprises announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 21 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 28 October 2026) · PDF
- Financial Results For Quarter Ended September 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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