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- Q2 FY27 results
Step Two Corporation Q2 FY27 results: net profit ₹0.02 crore vs ₹1.11 crore loss
Step Two Corporation Ltd reported standalone revenue of ₹0.28 crore and a net profit of ₹0.02 crore for Q2 FY27, compared with a net loss of ₹1.11 crore in Q2 FY26. EBITDA was ₹0.04 crore at a 16.1% margin, while basic EPS was ₹0.02; results were lower than in Q1 FY27.
Key points
- Q2 FY27 standalone revenue was ₹0.28 crore, up ₹0.28 crore from Q2 FY26 and down ₹2.16 crore from Q1 FY27.
- The company reported a net profit of ₹0.02 crore in Q2 FY27, compared with a net loss of ₹1.11 crore in Q2 FY26 and ₹0.58 crore profit in Q1 FY27.
- EBITDA was ₹0.04 crore, with a 16.1% margin, down from 32.2% in Q1 FY27.
- H1 FY27 revenue was ₹2.72 crore and profit after tax was ₹0.59 crore, against revenue of ₹0.9 crore and a net loss of ₹0.86 crore in H1 FY26.
- The stock fell 5.0% on the reaction day, while the Other Financial Services industry median was unchanged.
How did Step Two Corporation perform in Q2 FY27?
Step Two Corporation reported standalone revenue of ₹0.28 crore for Q2 FY27, against ₹0 crore in Q2 FY26 and ₹2.44 crore in Q1 FY27. Total income was ₹0.26 crore, compared with ₹0.02 crore a year earlier and ₹2.44 crore in the previous quarter.
EBITDA was ₹0.04 crore in Q2 FY27, compared with a loss of ₹1.53 crore in Q2 FY26 and ₹0.79 crore in Q1 FY27. The EBITDA margin was 16.1%, down from 32.2% in the previous quarter; no comparable margin was given for Q2 FY26.
Profit before tax was ₹0.03 crore in Q2 FY27, versus a loss of ₹1.52 crore in Q2 FY26 and ₹0.78 crore profit in Q1 FY27. Net profit was ₹0.02 crore, compared with a net loss of ₹1.11 crore a year earlier and ₹0.58 crore profit in the previous quarter; basic EPS was ₹0.02. The filing presented standalone unaudited results.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.28 | 2.44 | 0 | −88.5% | |
| Other income | −0.01 | 0 | 0.02 | ||
| Total expenses | 0.24 | 1.66 | 1.55 | −84.5% | −85.5% |
| EBITDA | 0.04 | 0.79 | −1.53 | turned to profit | −94.9% |
| EBITDA margin | 16.1% | 32.2% | −16.1 pp | ||
| Profit before tax | 0.03 | 0.78 | −1.52 | turned to profit | −96.2% |
| Tax | 0.01 | 0.21 | −0.42 | −95.2% | |
| Net profit | 0.02 | 0.58 | −1.11 | turned to profit | −96.6% |
| EPS (₹) | 0.02 | 0.78 | −1.50 | turned to profit | −97.4% |
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 Step Two Corporation's costs and profit?
Total expenses fell to ₹0.24 crore in Q2 FY27 from ₹1.55 crore in Q2 FY26, a difference of ₹1.31 crore, and declined from ₹1.66 crore in Q1 FY27. Employee cost was ₹0.11 crore and remained unchanged from both comparison periods, while cost of materials and finance costs were unchanged.
Other expenses rose to ₹0.07 crore from ₹0.03 crore in Q2 FY26, a difference of ₹0.04 crore, and increased from ₹0.05 crore in Q1 FY27. Depreciation fell by ₹0.01 crore from Q2 FY26 and was unchanged from Q1 FY27. Other income declined by ₹0.03 crore from ₹0.02 crore in Q2 FY26 and by ₹0.01 crore from Q1 FY27.
Tax was ₹0.01 crore in Q2 FY27, compared with a tax credit of ₹0.42 crore in Q2 FY26 and ₹0.21 crore in Q1 FY27. The differences were ₹0.43 crore and ₹0.20 crore, respectively. There was no exceptional item. The filing did not state reasons for the changes in the cost lines or other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.11 | 0.11 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0.01 | −0.01 | |
| Other expenses | 0.07 | 0.03 | +0.04 | +133.3% |
| Total expenses | 0.24 | 1.55 | −1.31 | −84.5% |
| Other income | −0.01 | 0.02 | −0.03 | |
| Tax | 0.01 | −0.42 | +0.43 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Step Two Corporation reported standalone revenue of ₹2.72 crore, total income of ₹2.71 crore, profit before tax of ₹0.81 crore and profit after tax of ₹0.59 crore. EPS was ₹0.80.
In H1 FY26, revenue was ₹0.9 crore, total income was ₹0.84 crore, profit before tax was a loss of ₹1.14 crore and profit after tax was a net loss of ₹0.86 crore. EPS was a loss of ₹1.17. Revenue rose by ₹1.82 crore in H1 FY27, while profit before tax and profit after tax turned to profit.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 2.72 | 0.90 | +202.2% |
| Profit before tax | 0.81 | −1.14 | turned to profit |
| Net profit | 0.59 | −0.86 | turned to profit |
| EPS (₹) | 0.80 | −1.17 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
H1 FY27 operating cash flow was ₹3.98 crore, compared with an outflow of ₹0.67 crore in H1 FY26. Investing cash flow was an outflow of ₹3.98 crore, compared with ₹5.02 crore a year earlier, while financing cash flow was ₹0 crore against ₹4.72 crore. Capital expenditure was ₹0 crore, compared with ₹0.13 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 9.04 | 8.48 |
| Total equity | 9.02 | 8.43 |
| Cash and equivalents | 0.02 | 0.02 |
| Inventories | 0 | 1.42 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 3.98 | −0.67 |
| Cash from investing | −3.98 | −5.02 |
| Cash from financing | 0 | 4.72 |
| Capital expenditure | 0 | 0.13 |
Source: Company's results filing (XBRL).
How has Step Two Corporation done over the last 8 quarters?
Revenue reached ₹3.16 crore in Q4 FY26, the highest point in the reported trend, and bottomed at ₹0 crore in Q2 FY26. It was ₹2.44 crore in Q1 FY27 before falling to ₹0.28 crore in Q2 FY27, so the latest quarter points lower after the previous quarter's rise.
Profit after tax was highest at ₹2.16 crore in Q4 FY25 and bottomed at a net loss of ₹1.52 crore in Q3 FY25. It was a net loss of ₹1.36 crore in Q4 FY26, followed by ₹0.58 crore profit in Q1 FY27 and ₹0.02 crore in Q2 FY27.
The reported EBITDA margin was highest at 94.9% in Q4 FY25 and bottomed at -3066.1% in Q3 FY25. It was 32.2% in Q1 FY27 and fell to 16.1% in Q2 FY27; no margin was given for Q2 FY26.
How did Step Two Corporation shares react?
The Other Financial Services industry median was unchanged on the reaction day, so Step Two Corporation underperformed the industry by 5.0 percentage points. Data for the next day's close, five sessions later and the market index were not given.
| After the filing | Stock | Other Financial Services median |
|---|---|---|
| 5 minutes | −0.2% | |
| 15 minutes | −0.2% | |
| 30 minutes | −0.2% | |
| Reaction day | −5.0% | +0.0% |
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 |
|---|---|
| 11 August 2026 | +1.2% |
| 9 August 2024 | +5.0% |
| 15 May 2024 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Other Financial Services companies do?
Sixteen Other Financial Services companies were compared for the quarter, with a median revenue growth of -13.7%. Twelve of the 27 companies for which profit was compared reported higher profit.
The peer figures do not specify how many of the 16 companies grew revenue more slowly or faster than Step Two Corporation, so that split cannot be stated from the available data.
| Step Two Corporation revenue growth (YoY) | not comparable |
|---|---|
| Median of 16 other Other Financial Services companies | −13.7% |
| Companies whose net profit rose | 12 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Step Two Corporation's revenue in Q2 FY27?
Revenue from operations was ₹0.28 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Step Two Corporation make a profit in Q2 FY27?
Yes. Net profit was ₹0.02 crore, against a net loss of ₹1.11 crore in Q2 FY26.
What was Step Two Corporation's EPS in Q2 FY27?
Basic earnings per share were ₹0.02, against a loss of ₹1.50 in Q2 FY26.
How did Step Two Corporation shares react to the Q2 FY27 results?
On the reaction day the stock moved −5.0% from the previous close; the median Other Financial Services stock moved +0.0%.
When did Step Two Corporation announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for September Quarter Results (BSE, 26 October 2026) · PDF
- Outcome Of The Board Meeting Held Today And Financial Results For Sep 30, 2026 (BSE, 3 November 2026) · PDF
- Board Meeting Outcome for September Quarter Results And Details Of New Business (BSE, 3 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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