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Sulabh Engineers & Services Q2 FY27 results: net profit up 103.7% to ₹1.10 crore, revenue up 54.7%
Sulabh Engineers & Services Ltd reported consolidated Q2 FY27 revenue of ₹1.81 crore and a net profit of ₹1.10 crore for the July–September 2026 quarter. Revenue rose 54.7% from Q2 FY26, while profit before tax doubled and basic EPS increased to ₹0.11.
Key points
- Consolidated Q2 FY27 revenue was ₹1.81 crore, up 54.7% from ₹1.17 crore in Q2 FY26 and down 0.5% from ₹1.82 crore in Q1 FY27.
- Profit before tax was ₹1.44 crore, up 100.0% year on year and 13.4% from the previous quarter.
- Net profit was ₹1.10 crore, up 103.7% from ₹0.54 crore a year ago and 13.4% from ₹0.97 crore in Q1 FY27.
- Basic EPS was ₹0.11, compared with ₹0.05 in Q2 FY26 and ₹0.09 in Q1 FY27.
- H1 FY27 revenue was ₹3.62 crore and net profit was ₹2.07 crore, up 68.4% and 76.9%, respectively, from H1 FY26.
How did Sulabh Engineers & Services perform in Q2 FY27?
Sulabh Engineers & Services reported consolidated revenue of ₹1.81 crore in Q2 FY27, up ₹0.64 crore or 54.7% from ₹1.17 crore in Q2 FY26. Revenue was down ₹0.01 crore or 0.5% from ₹1.82 crore in Q1 FY27. Total income was ₹1.70 crore, compared with ₹0.97 crore a year ago and ₹1.94 crore in the previous quarter.
Profit before tax was ₹1.44 crore, up ₹0.72 crore or 100.0% from ₹0.72 crore in Q2 FY26 and ₹0.17 crore or 13.4% from ₹1.27 crore in Q1 FY27. Net profit was ₹1.10 crore, against ₹0.54 crore a year ago and ₹0.97 crore in the previous quarter. Basic EPS was ₹0.11, compared with ₹0.05 and ₹0.09, respectively. EBITDA and margin were not reported.
On a standalone basis, revenue was ₹1.50 crore and profit after tax was ₹0.99 crore. Standalone revenue rose 35.1% year on year, while profit before tax was ₹0.64 crore. The limited review conclusion issued by the statutory auditors was unmodified, and the consolidated results include Venkatswamy Mining & Estates Private Limited.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1.81 | 1.82 | 1.17 | +54.7% | −0.5% |
| Other income | −0.10 | 0.12 | −0.20 | ||
| Total expenses | 0.26 | 0.67 | 0.25 | +4.0% | −61.2% |
| Profit before tax | 1.44 | 1.27 | 0.72 | +100.0% | +13.4% |
| Tax | 0.34 | 0.30 | 0.17 | +100.0% | +13.3% |
| Net profit | 1.10 | 0.97 | 0.54 | +103.7% | +13.4% |
| EPS (₹) | 0.11 | 0.09 | 0.05 | +120.0% | +22.2% |
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 Sulabh Engineers & Services' costs and profit?
Total expenses were ₹0.26 crore in Q2 FY27, up ₹0.01 crore or 4.0% from ₹0.25 crore in Q2 FY26, but down ₹0.41 crore or 61.2% from ₹0.67 crore in Q1 FY27. Employee cost fell to ₹0.07 crore from ₹0.22 crore a year ago, a decline of ₹0.15 crore or 68.2%. Finance costs fell by ₹0.05 crore or 50.0% to ₹0.05 crore, while depreciation was unchanged at ₹0.02 crore.
Other expenses rose to ₹0.21 crore from ₹0.07 crore in Q2 FY26, an increase of ₹0.14 crore or 200.0%. However, they fell by ₹0.23 crore or 52.3% from ₹0.44 crore in Q1 FY27. Other income was ₹0.10 crore, compared with ₹0.20 crore a year ago and ₹0.12 crore in the previous quarter. The filing did not state reasons for these movements.
There was no exceptional item in Q2 FY27. Tax expense rose by ₹0.17 crore or 100.0% to ₹0.34 crore from ₹0.17 crore in Q2 FY26, and by ₹0.04 crore or 13.3% from ₹0.30 crore in Q1 FY27. The consolidated profit margin was 61.1%, up 14.7 percentage points from 46.4% a year ago and 7.8 percentage points from 53.3% in the previous quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.07 | 0.22 | −0.15 | −68.2% |
| Finance costs | 0.05 | 0.10 | −0.05 | −50.0% |
| Depreciation | 0.02 | 0.02 | 0 | +0.0% |
| Other expenses | 0.21 | 0.07 | +0.14 | +200.0% |
| Total expenses | 0.26 | 0.25 | +0.01 | +4.0% |
| Other income | −0.10 | −0.20 | +0.10 | |
| Tax | 0.34 | 0.17 | +0.17 | +100.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹3.62 crore, up ₹1.47 crore or 68.4% from ₹2.15 crore in H1 FY26. Total income rose by ₹1.51 crore or 70.9% to ₹3.64 crore from ₹2.13 crore, while profit before tax increased by ₹1.08 crore or 66.7% to ₹2.70 crore from ₹1.62 crore.
Net profit for H1 FY27 was ₹2.07 crore, up ₹0.90 crore or 76.9% from ₹1.17 crore in H1 FY26. Basic EPS increased to ₹0.21 from ₹0.12, a rise of ₹0.09 or 75.0%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3.62 | 2.15 | +68.4% |
| Profit before tax | 2.70 | 1.62 | +66.7% |
| Net profit | 2.07 | 1.17 | +76.9% |
| EPS (₹) | 0.21 | 0.12 | +75.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹48.96 crore on 30 September 2026 from ₹46.87 crore on 31 March 2026. Total equity rose to ₹48.12 crore from ₹46.04 crore, while inventories declined to ₹2.20 crore from ₹2.22 crore. Cash fell to ₹0.14 crore from ₹0.25 crore. The balance-sheet data provided does not state borrowings.
H1 FY27 operating cash flow was negative ₹0.11 crore, compared with negative ₹0.01 crore in H1 FY26. Investing cash flow was ₹0.00 crore against negative ₹0.01 crore, financing cash flow was ₹0.00 crore against negative ₹0.00 crore, and capital expenditure was ₹0.00 crore against ₹0.01 crore. Closing cash for the cash-flow statement was not provided.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 48.96 | 46.87 |
| Total equity | 48.12 | 46.04 |
| Cash and equivalents | 0.14 | 0.25 |
| Inventories | 2.20 | 2.22 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.11 | −0.01 |
| Cash from investing | 0 | −0.01 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0.01 |
Source: Company's results filing (XBRL).
How has Sulabh Engineers & Services done over the last 8 quarters?
Revenue increased year on year in each of the last three quarters. It reached ₹1.81 crore in Q2 FY27, just below the ₹1.82 crore recorded in Q1 FY27 and above ₹1.17 crore in Q2 FY26. Profit rose year on year in each of the last two quarters, reaching ₹1.10 crore from ₹0.97 crore in the previous quarter.
Over the eight-quarter series, revenue was lowest at ₹0.61 crore in Q3 FY26 and highest at ₹1.82 crore in Q1 FY27. Profit was lowest at a net loss of ₹0.61 crore in Q4 FY26 and highest at ₹1.14 crore in Q3 FY26. EBITDA margin was not available for the quarterly trend.
What else did the company announce?
The board approved and recorded the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 14 October 2026. It also took on record the limited review report issued by Ranjit Jain & Co for both sets of results.
The filing stated that related-party transactions entered into by the company for the half year ended 30 September 2026 would be submitted to BSE in XBRL form. The same-day filing did not disclose a dividend, fund raise or appointment.
How did Sulabh Engineers & Services shares react?
The filing appeared after market hours. From the price when the results were released, the stock fell 2.2% after five minutes, 3.6% after 15 minutes and 5.1% after 30 minutes. On the reaction day, it closed 5.9% above its previous close, against a 0.2% decline for the median other NBFC stock.
By the next day's close, the stock was up 3.5% from its pre-results close, while the industry median was down 0.2%. By the fifth day's close, it was up 2.0% from the pre-results close, compared with a 4.9% decline for the industry median. Its excess performance over the industry was 6.8 percentage points over five sessions.
Earlier reaction-day moves were negative on 14 July 2026 at 1.0%, 29 May 2026 at 1.9%, 7 February 2026 at 2.4%, 14 October 2025 at 1.0%, 12 August 2025 at 4.3% and 28 May 2025 at 2.3%. The stock was up 0.4% on 14 August 2024 and 6.9% on 28 May 2024.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| 5 minutes | −2.2% | |
| 15 minutes | −3.6% | |
| 30 minutes | −5.1% | |
| Reaction day | +5.9% | −0.2% |
| Next day | +3.5% | −0.2% |
| 5 days | +2.0% | −4.9% |
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 |
|---|---|
| 14 July 2026 | −1.0% |
| 29 May 2026 | −1.9% |
| 7 February 2026 | −2.4% |
| 14 October 2025 | −1.0% |
| 12 August 2025 | −4.3% |
| 28 May 2025 | −2.3% |
| 14 August 2024 | +0.4% |
| 28 May 2024 | +6.9% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Seventy-seven other Non Banking Financial Company (NBFC) companies were compared, based on results filed as of 4 November 2026. Their median revenue growth was 21.4%, while Sulabh Engineers & Services reported 54.7% growth. Of the peers compared, 59 grew more slowly than the company and 18 grew faster.
Among the 85 companies for which profit was compared, 56 reported higher profit. The available peer comparison covers revenue growth and profit direction for the other NBFC companies that had filed for the quarter.
| Sulabh Engineers & Services revenue growth (YoY) | +54.7% |
|---|---|
| Median of 77 other Non Banking Financial Company (NBFC) companies | +21.4% |
| Companies with slower revenue growth than Sulabh Engineers & Services | 59 of 77 |
| Companies with faster revenue growth than Sulabh Engineers & Services | 18 of 77 |
| Companies whose net profit rose | 56 of 85 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Sulabh Engineers & Services' revenue in Q2 FY27?
Revenue from operations was ₹1.81 crore, up 54.7% from ₹1.17 crore in Q2 FY26 (consolidated).
Did Sulabh Engineers & Services make a profit in Q2 FY27?
Yes. Net profit was ₹1.10 crore, against a net profit of ₹0.54 crore in Q2 FY26.
What was Sulabh Engineers & Services' EPS in Q2 FY27?
Basic earnings per share were ₹0.11, against ₹0.05 in Q2 FY26.
How did Sulabh Engineers & Services shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.9% from the previous close; the median Non Banking Financial Company (NBFC) stock moved −0.2%.
When did Sulabh Engineers & Services announce its Q2 FY27 results?
On 14 October 2026, in a filing to the BSE.
Sources
- Declaration Of Unaudited Financial Results For The Quarter/Half Year Ended On 30.09.2026 (BSE, 14 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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