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The Southern Gas Q2 FY27 results: net profit down 22.9% to ₹0.74 crore, revenue up 8.9%
The Southern Gas Limited reported standalone Q2 FY27 revenue of ₹10.17 crore, up 8.9% from Q2 FY26 but down 1.0% from Q1 FY27. Net profit fell to ₹0.74 crore from ₹0.96 crore a year earlier and ₹0.76 crore in the previous quarter, while EBITDA margin declined to 7.9%.
Key points
- Q2 FY27 revenue was ₹10.17 crore, compared with ₹9.34 crore in Q2 FY26 and ₹10.27 crore in Q1 FY27.
- EBITDA was ₹0.80 crore in Q2 FY27, down from ₹1.21 crore in Q2 FY26 and ₹1.15 crore in Q1 FY27.
- EBITDA margin fell to 7.9% from 12.9% in Q2 FY26 and 11.2% in Q1 FY27.
- Net profit was ₹0.74 crore, compared with ₹0.96 crore in Q2 FY26 and ₹0.76 crore in Q1 FY27; basic EPS was ₹331.95.
- H1 FY27 revenue was ₹20.44 crore, up 12.9% from H1 FY26, while net profit was ₹1.5 crore, up 10.3%.
How did The Southern Gas perform in Q2 FY27?
The Southern Gas reported revenue of ₹10.17 crore in Q2 FY27, an increase of ₹0.83 crore or 8.9% from ₹9.34 crore in Q2 FY26. Against Q1 FY27, revenue was lower by ₹0.10 crore or 1.0% from ₹10.27 crore. Total income was ₹10.44 crore, compared with ₹9.61 crore a year earlier and ₹10.58 crore in the previous quarter.
EBITDA declined to ₹0.80 crore from ₹1.21 crore in Q2 FY26, a fall of ₹0.41 crore or 33.9%. It was also down ₹0.35 crore or 30.4% from ₹1.15 crore in Q1 FY27. EBITDA margin fell to 7.9% from 12.9% a year earlier and 11.2% in the previous quarter.
Profit before tax was ₹0.67 crore, down from ₹1.04 crore in Q2 FY26 and ₹1.05 crore in Q1 FY27. Net profit was ₹0.74 crore, compared with ₹0.96 crore a year earlier and ₹0.76 crore in the previous quarter. Basic EPS was ₹331.95, against ₹414.12 in Q2 FY26 and ₹362.12 in Q1 FY27. The results are standalone.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 10.17 | 10.27 | 9.34 | +8.9% | −1.0% |
| Other income | 0.27 | 0.30 | 0.27 | +0.0% | −10.0% |
| Total expenses | 9.77 | 9.53 | 8.57 | +14.0% | +2.5% |
| EBITDA | 0.80 | 1.15 | 1.21 | −33.9% | −30.4% |
| EBITDA margin | 7.9% | 11.2% | 12.9% | −5.0 pp | −3.3 pp |
| Profit before tax | 0.67 | 1.05 | 1.04 | −35.6% | −36.2% |
| Tax | −0.07 | 0.29 | 0.08 | ||
| Net profit | 0.74 | 0.76 | 0.96 | −22.9% | −2.6% |
| EPS (₹) | 331.95 | 362.12 | 414.12 | −19.8% | −8.3% |
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 The Southern Gas' costs and profit?
Total expenses rose to ₹9.77 crore in Q2 FY27 from ₹8.57 crore in Q2 FY26, an increase of ₹1.20 crore or 14.0%. Cost of materials was the largest reported increase, rising by ₹1.18 crore or 40.7% to ₹4.08 crore, while employee cost increased by ₹0.31 crore or 18.3% to ₹2 crore.
Other expenses fell by ₹0.18 crore or 6.9% to ₹2.41 crore, while depreciation fell by ₹0.04 crore or 9.1% to ₹0.40 crore. Finance costs were unchanged at ₹0 crore and other income was unchanged at ₹0.27 crore. There was no exceptional item.
Tax expense declined by ₹0.15 crore to ₹0.07 crore from ₹0.08 crore in Q2 FY26. Profit before tax fell by ₹0.37 crore or 35.6% to ₹0.67 crore, while net profit fell by ₹0.22 crore or 22.9% to ₹0.74 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 4.08 | 2.90 | +1.18 | +40.7% |
| Employee cost | 2 | 1.69 | +0.31 | +18.3% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.40 | 0.44 | −0.04 | −9.1% |
| Other expenses | 2.41 | 2.59 | −0.18 | −6.9% |
| Total expenses | 9.77 | 8.57 | +1.20 | +14.0% |
| Other income | 0.27 | 0.27 | 0 | +0.0% |
| Tax | −0.07 | 0.08 | −0.15 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue was ₹20.44 crore, up ₹2.34 crore or 12.9% from ₹18.1 crore in H1 FY26. Total income rose by ₹2.38 crore or 12.8% to ₹21.01 crore from ₹18.63 crore.
Profit before tax increased by ₹0.03 crore or 1.8% to ₹1.72 crore from ₹1.69 crore. Net profit rose by ₹0.14 crore or 10.3% to ₹1.5 crore from ₹1.36 crore, while basic EPS increased by ₹70.49 or 11.3% to ₹694.07 from ₹623.58.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 20.44 | 18.10 | +12.9% |
| Profit before tax | 1.72 | 1.69 | +1.8% |
| Net profit | 1.50 | 1.36 | +10.3% |
| EPS (₹) | 694.07 | 623.58 | +11.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹37.86 crore against ₹36.66 crore at 31 March 2026, and total equity was ₹28.53 crore against ₹27.1 crore. Cash increased to ₹1.72 crore from ₹1.1 crore, while borrowings remained unchanged at ₹0 crore.
Inventories rose to ₹1.79 crore from ₹1.44 crore, trade receivables increased to ₹5.37 crore from ₹4.81 crore and trade payables rose to ₹1.51 crore from ₹1.28 crore.
For H1 FY27, operating cash flow was ₹0.92 crore, compared with ₹1.74 crore in H1 FY26. Investing cash flow was negative ₹0.29 crore against negative ₹1.88 crore, while financing cash flow was negative ₹0.01 crore against ₹0 crore. Capital expenditure was ₹0.3 crore, compared with ₹0.76 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 37.86 | 36.66 |
| Total equity | 28.53 | 27.10 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 1.72 | 1.10 |
| Inventories | 1.79 | 1.44 |
| Trade receivables | 5.37 | 4.81 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.92 | 1.74 |
| Cash from investing | −0.29 | −1.88 |
| Cash from financing | −0.01 | 0 |
| Capital expenditure | 0.30 | 0.76 |
Source: Company's results filing (XBRL).
How has The Southern Gas done over the last 8 quarters?
Revenue reached a period high of ₹10.27 crore in Q1 FY27 before easing to ₹10.17 crore in Q2 FY27. Revenue had risen year on year in each of the last three quarters, while the latest result was lower by 1.0% from the preceding quarter.
Net profit peaked at ₹0.96 crore in Q2 FY26 and was ₹0.74 crore in Q2 FY27, below ₹0.76 crore in Q1 FY27. EBITDA margin also fell to 7.9% in Q2 FY27 from 11.2% in Q1 FY27 and 12.9% in Q2 FY26.
What else did the company announce?
The board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, together with the statutory auditors’ limited review report, on 3 November 2026. The same filing recorded the appointment of Kavita Yogesh Wagle as Chief Financial Officer and Key Managerial Personnel with effect from 3 November 2026. No dividend or fund-raising decision was stated in the cited same-day filings.
How did other Commodity Chemicals companies do?
Among 14 other Commodity Chemicals companies that filed for the quarter, the median revenue growth was 20.4%. Four peers grew slower than The Southern Gas and 10 peers grew faster than the company. Of the 17 peers for which profit was compared, 13 reported higher profit.
| The Southern Gas revenue growth (YoY) | +8.9% |
|---|---|
| Median of 14 other Commodity Chemicals companies | +20.4% |
| Companies with slower revenue growth than The Southern Gas | 4 of 14 |
| Companies with faster revenue growth than The Southern Gas | 10 of 14 |
| Companies whose net profit rose | 13 of 17 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was The Southern Gas' revenue in Q2 FY27?
Revenue from operations was ₹10.17 crore, up 8.9% from ₹9.34 crore in Q2 FY26 (standalone).
Did The Southern Gas make a profit in Q2 FY27?
Yes. Net profit was ₹0.74 crore, against a net profit of ₹0.96 crore in Q2 FY26.
What was The Southern Gas' EPS in Q2 FY27?
Basic earnings per share were ₹331.95, against ₹414.12 in Q2 FY26.
When did The Southern Gas announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting Intimation For Approval Of Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2026. (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The 03/2026-27 Meeting Of The Board Of Directors Of The Company Held On Tuesday, November 03, 2026. (BSE, 3 November 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2026. (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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