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Taparia Tools Q2 FY27 results: net profit up 18.4% to ₹47.97 crore, revenue up 11.4%
Taparia Tools Ltd reported standalone results for Q2 FY27, the quarter ended 30 September 2026, with revenue of ₹289.04 crore, up 11.4% from a year earlier. Net profit rose 18.4% to ₹47.97 crore and basic EPS was ₹31.6, while EBITDA margin widened by 1.1 percentage points against Q2 FY26. The results were approved by the board on 4 November 2026 and reviewed by the statutory auditors.
Key points
- Revenue was ₹289.04 crore in Q2 FY27, up 11.4% from ₹259.39 crore in Q2 FY26 and 4.7% from ₹275.99 crore in Q1 FY27.
- EBITDA rose to ₹59.81 crore from ₹50.89 crore a year earlier, with the margin at 20.7% against 19.6%.
- Net profit was ₹47.97 crore, up 18.4% from ₹40.51 crore in Q2 FY26, and basic EPS rose to ₹31.6 from ₹26.69.
- Total expenses increased 10.1% to ₹230.38 crore, with no exceptional item reported in the quarter.
- The board declared an interim dividend of ₹40 per equity share of ₹10 each, with the record date set at 12 November 2026.
How did Taparia Tools perform in Q2 FY27?
Taparia Tools reported standalone revenue of ₹289.04 crore for Q2 FY27, the July–September 2026 quarter, against ₹259.39 crore in Q2 FY26, a rise of 11.4%. Total income was ₹293.57 crore, up 11.3% from ₹263.77 crore. Against the previous quarter, Q1 FY27, revenue was ₹275.99 crore, so the sequential increase was 4.7%.
EBITDA for the quarter was ₹59.81 crore, up 17.5% from ₹50.89 crore in Q2 FY26, and the EBITDA margin rose by 1.1 percentage points to 20.7%. Sequentially, EBITDA fell 3.6% from ₹62.02 crore in Q1 FY27 and the margin was lower by 1.8 percentage points from 22.5%.
Profit before tax was ₹63.19 crore, up 16.0% from ₹54.46 crore a year earlier, but down 2.2% from ₹64.64 crore in Q1 FY27. Net profit was ₹47.97 crore, up 18.4% from ₹40.51 crore in Q2 FY26 and up 0.4% from ₹47.76 crore in the previous quarter. Basic EPS was ₹31.6, against ₹26.69 crore a year earlier and ₹31.46 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 289.04 | 275.99 | 259.39 | +11.4% | +4.7% |
| Other income | 4.53 | 3.68 | 4.38 | +3.4% | +23.1% |
| Total expenses | 230.38 | 215.03 | 209.30 | +10.1% | +7.1% |
| EBITDA | 59.81 | 62.02 | 50.89 | +17.5% | −3.6% |
| EBITDA margin | 20.7% | 22.5% | 19.6% | +1.1 pp | −1.8 pp |
| Profit before tax | 63.19 | 64.64 | 54.46 | +16.0% | −2.2% |
| Tax | 15.22 | 16.88 | 13.96 | +9.0% | −9.8% |
| Net profit | 47.97 | 47.76 | 40.51 | +18.4% | +0.4% |
| EPS (₹) | 31.60 | 31.46 | 26.69 | +18.4% | +0.4% |
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 Taparia Tools' costs and profit?
Total expenses rose 10.1% to ₹230.38 crore in Q2 FY27 from ₹209.30 crore in Q2 FY26. Cost of materials was ₹19.28 crore, higher by ₹1.92 crore or 11.1%, and employee cost rose 14.6% to ₹14.02 crore from ₹12.23 crore. Depreciation rose 45.8% to ₹1.05 crore from ₹0.72 crore, while other expenses were ₹64.93 crore, up ₹2.45 crore or 3.9%.
Other income was ₹4.53 crore in Q2 FY27 against ₹4.38 crore in Q2 FY26, an increase of ₹0.15 crore or 3.4%. There was no exceptional item in the quarter. Tax expense stood at ₹15.22 crore, up 9.0% from ₹13.96 crore a year earlier. Sequentially, total expenses increased 7.1%, other income rose 23.1% to ₹4.53 crore from ₹3.68 crore, and tax fell 9.8% to ₹15.22 crore from ₹16.88 crore.
Against Q1 FY27, cost of materials rose 23.0% to ₹19.28 crore and employee cost rose 14.6% to ₹14.02 crore, while other expenses were ₹64.93 crore against ₹61.89 crore. Finance costs were ₹0.10 crore and depreciation was ₹1.05 crore. No reasons for the movement in these cost lines were stated in the filing.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 19.28 | 17.36 | +1.92 | +11.1% |
| Employee cost | 14.02 | 12.23 | +1.79 | +14.6% |
| Finance costs | 0.10 | 0.09 | +0.01 | +11.1% |
| Depreciation | 1.05 | 0.72 | +0.33 | +45.8% |
| Other expenses | 64.93 | 62.48 | +2.45 | +3.9% |
| Total expenses | 230.38 | 209.30 | +21.08 | +10.1% |
| Other income | 4.53 | 4.38 | +0.15 | +3.4% |
| Tax | 15.22 | 13.96 | +1.26 | +9.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, revenue was ₹565.04 crore, up 12.8% from ₹501.07 crore in H1 FY26, and total income was ₹573.25 crore against ₹508.67 crore, a rise of 12.7%. Profit before tax increased 26.8% to ₹127.83 crore from ₹100.82 crore.
Net profit for H1 FY27 was ₹95.73 crore, up 27.5% from ₹75.09 crore in H1 FY26, and EPS rose 27.5% to ₹63.07 from ₹49.47. The filing notes that the company is engaged only in the business of hand tools, with no other separate segment under Ind AS 08.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 565.04 | 501.07 | +12.8% |
| Profit before tax | 127.83 | 100.82 | +26.8% |
| Net profit | 95.73 | 75.09 | +27.5% |
| EPS (₹) | 63.07 | 49.47 | +27.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹568.74 crore as on 30 September 2026, against ₹520.68 crore as on 31 March 2026, and total equity was ₹478.12 crore compared with ₹435.52 crore. Borrowings were ₹0.0 crore on both dates. Cash fell to ₹1.0 crore from ₹6.07 crore, while inventories rose to ₹197.76 crore from ₹172.15 crore and trade receivables to ₹117.01 crore from ₹87.08 crore. Trade payables were ₹43.97 crore, down from ₹65.45 crore.
In the first half of FY27, operating cash flow was ₹37.17 crore against ₹60.0 crore in H1 FY26, and investing cash flow was ₹11.69 crore against outflow of ₹24.31 crore. Financing cash flow was an outflow of ₹53.93 crore against ₹38.68 crore a year earlier, and capital expenditure was ₹2.61 crore compared with ₹2.36 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 568.74 | 520.68 |
| Total equity | 478.12 | 435.52 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 1 | 6.07 |
| Inventories | 197.76 | 172.15 |
| Trade receivables | 117.01 | 87.08 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 37.17 | 60 |
| Cash from investing | 11.69 | −24.31 |
| Cash from financing | −53.93 | −38.68 |
| Capital expenditure | 2.61 | 2.36 |
Source: Company's results filing (XBRL).
How has Taparia Tools done over the last 8 quarters?
Revenue rose year on year in each of the last 8 quarters, and profit rose year on year in each of the last 8 quarters. Over the reported period, revenue increased from ₹234.9 crore in Q3 FY25 to ₹289.04 crore in Q2 FY27, while net profit moved from ₹30.55 crore to ₹47.97 crore.
The EBITDA margin peaked at 22.5% in Q1 FY27 and was 20.7% in Q2 FY27, compared with a low of 16.4% in Q3 FY25. Q2 FY27 revenue of ₹289.04 crore was the highest in the series, and net profit of ₹47.97 crore was slightly above Q1 FY27's ₹47.76 crore after dipping to ₹37.6 crore in Q3 FY26.
How did other Iron & Steel Products companies do?
Among 46 Iron & Steel Products companies compared for this quarter, the median revenue growth was 18.4%, above Taparia Tools' revenue growth of 11.4% in Q2 FY27. Of these peers, 27 grew faster than the company and 19 grew slower than the company. Out of 49 peers for which profit was compared, 29 reported higher profit.
| Taparia Tools revenue growth (YoY) | +11.4% |
|---|---|
| Median of 46 other Iron & Steel Products companies | +18.4% |
| Companies with slower revenue growth than Taparia Tools | 19 of 46 |
| Companies with faster revenue growth than Taparia Tools | 27 of 46 |
| Companies whose net profit rose | 29 of 49 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Taparia Tools' revenue in Q2 FY27?
Revenue from operations was ₹289.04 crore, up 11.4% from ₹259.39 crore in Q2 FY26 (standalone).
Did Taparia Tools make a profit in Q2 FY27?
Yes. Net profit was ₹47.97 crore, against a net profit of ₹40.51 crore in Q2 FY26.
What was Taparia Tools' EPS in Q2 FY27?
Basic earnings per share were ₹31.60, against ₹26.69 in Q2 FY26.
When did Taparia Tools announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting Scheduled To Be Held On 4Th November 2026 (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Dated 4Th November 2026 (BSE, 4 November 2026) · PDF
- Results - For The Quarter And Half Year Ended 30Th September 2026 (BSE, 4 November 2026) · PDF
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