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Trescon Q2 FY27 results: net loss widens to ₹0.72 crore, revenue up 33.9%
Trescon Ltd reported consolidated revenue of ₹10.36 crore for Q2 FY27, up 33.9% from Q2 FY26 but down 41.0% from Q1 FY27. The company reported a net loss of ₹0.72 crore and basic EPS of ₹0.09, compared with a net loss of ₹0.65 crore and EPS of ₹0.09 in the year-ago quarter.
Key points
- Revenue was ₹10.36 crore in Q2 FY27, up 33.9% from Q2 FY26 and down 41.0% from Q1 FY27.
- EBITDA was ₹0.39 crore, with an EBITDA margin of 3.8%, compared with ₹0.03 crore and 0.3% in Q2 FY26.
- Trescon reported a net loss of ₹0.72 crore in Q2 FY27 against a net loss of ₹0.65 crore in Q2 FY26; basic EPS was ₹0.09.
- H1 FY27 revenue was ₹27.91 crore, up 128.0% from H1 FY26, while profit before tax was ₹1.4 crore against a loss of ₹0.88 crore.
- Total assets were ₹232.14 crore on 30 September 2026, while borrowings were ₹51.43 crore and cash was ₹2.11 crore.
How did Trescon perform in Q2 FY27?
Trescon’s consolidated Q2 FY27 revenue was ₹10.36 crore, compared with ₹7.74 crore in Q2 FY26 and ₹17.55 crore in Q1 FY27. Total income was ₹10.39 crore, up from ₹8.16 crore a year earlier and down from ₹17.67 crore in the previous quarter. EBITDA was ₹0.39 crore, compared with ₹0.03 crore in Q2 FY26 and ₹2.70 crore in Q1 FY27; the EBITDA margin was 3.8%, against 0.3% and 15.4%, respectively. The company reported a loss before tax of ₹0.52 crore in Q2 FY27, against a loss before tax of ₹0.49 crore in Q2 FY26 and profit before tax of ₹1.92 crore in Q1 FY27. Net loss was ₹0.72 crore, compared with a net loss of ₹0.65 crore in Q2 FY26 and net profit of ₹1.22 crore in Q1 FY27. Basic EPS was ₹0.09, compared with EPS of ₹0.09 in Q2 FY26 and ₹0.18 in Q1 FY27. Standalone revenue was ₹10.36 crore and net profit was ₹0.34 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 10.36 | 17.55 | 7.74 | +33.9% | −41.0% |
| Other income | 0.03 | 0.12 | 0.41 | −92.7% | −75.0% |
| Total expenses | 10.91 | 15.75 | 8.65 | +26.1% | −30.7% |
| EBITDA | 0.39 | 2.70 | 0.03 | +1200.0% | −85.6% |
| EBITDA margin | 3.8% | 15.4% | 0.3% | +3.5 pp | −11.6 pp |
| Profit before tax | −0.52 | 1.92 | −0.49 | turned to loss | |
| Tax | 0.20 | 0.70 | 0.16 | +25.0% | −71.4% |
| Net profit | −0.72 | 1.22 | −0.65 | turned to loss | |
| EPS (₹) | −0.09 | 0.18 | 0.09 | turned to loss | turned to loss |
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 Trescon's costs and profit?
Against Q2 FY26, total expenses increased by ₹2.26 crore to ₹10.91 crore, while other income fell by ₹0.38 crore to ₹0.03 crore. Employee costs rose by ₹0.18 crore to ₹0.90 crore and finance costs rose by ₹0.30 crore to ₹0.51 crore. Depreciation fell by ₹0.28 crore to ₹0.44 crore, and other expenses fell by ₹0.39 crore to ₹0.98 crore. There was no exceptional item in either quarter. Tax expense was ₹0.20 crore, compared with ₹0.16 crore in Q2 FY26. EBITDA increased by ₹0.36 crore to ₹0.39 crore, but the loss before tax widened by ₹0.03 crore and the net loss widened by ₹0.07 crore to ₹0.72 crore. The filing does not state reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.90 | 0.72 | +0.18 | +25.0% |
| Finance costs | 0.51 | 0.21 | +0.30 | +142.9% |
| Depreciation | 0.44 | 0.72 | −0.28 | −38.9% |
| Other expenses | 0.98 | 1.37 | −0.39 | −28.5% |
| Total expenses | 10.91 | 8.65 | +2.26 | +26.1% |
| Other income | 0.03 | 0.41 | −0.38 | −92.7% |
| Tax | 0.20 | 0.16 | +0.04 | +25.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Trescon reported revenue of ₹27.91 crore, compared with ₹12.24 crore in H1 FY26, an increase of ₹15.67 crore or 128.0%. Total income rose to ₹28.06 crore from ₹13.18 crore, an increase of ₹14.88 crore or 112.9%. Profit before tax was ₹1.4 crore in H1 FY27, compared with a loss of ₹0.88 crore in H1 FY26, while net profit was ₹0.49 crore against a net loss of ₹0.86 crore. The company reported basic EPS of ₹0.09 for H1 FY27.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 27.91 | 12.24 | +128.0% |
| Profit before tax | 1.40 | −0.88 | turned to profit |
| Net profit | 0.49 | −0.86 | turned to profit |
| EPS (₹) | 0.09 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹232.14 crore, compared with ₹242.04 crore at 31 March 2026. Total equity was ₹165.96 crore against ₹176.25 crore, while borrowings were ₹51.43 crore compared with ₹46.39 crore. Cash stood at ₹2.11 crore against ₹3.95 crore. Inventories were ₹124.11 crore, compared with ₹112.55 crore at the previous balance sheet date. For H1 FY27, operating cash flow was negative ₹29.63 crore, compared with negative ₹0.85 crore in H1 FY26. Investing cash flow was ₹3.59 crore against ₹1.47 crore, financing cash flow was ₹23.83 crore against ₹0.59 crore, and capital expenditure was ₹0.17 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 232.14 | 242.04 |
| Total equity | 165.96 | 176.25 |
| Borrowings | 51.43 | 46.39 |
| Cash and equivalents | 2.11 | 3.95 |
| Inventories | 124.11 | 112.55 |
| Trade receivables | 0.02 | 0.65 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −29.63 | −0.85 |
| Cash from investing | 3.59 | 1.47 |
| Cash from financing | 23.83 | 0.59 |
| Capital expenditure | 0.17 | 0.17 |
Source: Company's results filing (XBRL).
How has Trescon done over the last 8 quarters?
Revenue reached ₹17.55 crore in Q1 FY27, the highest quarterly level in the reported series, before falling to ₹10.36 crore in Q2 FY27. Profit was highest in Q3 FY26 at ₹2.2 crore, while Q2 FY27 recorded a net loss of ₹0.72 crore. The EBITDA margin reached 15.4% in Q1 FY27 after peaking at 14.4% in Q3 FY26, and stood at 3.8% in Q2 FY27. Revenue rose year on year in each of the last three reported quarters. The latest quarter nevertheless showed lower revenue, profit and EBITDA margin than Q1 FY27.
What did the auditors point out?
The limited review report issued by the statutory auditors contains a qualified conclusion, as reflected in the filing excerpt. The auditors stated that, based on their review, except for the matters described in the basis for qualified conclusion, nothing came to their attention indicating that the accompanying statement had not disclosed the required information under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The excerpt also refers to procedures under the SEBI circular issued under Regulation 33(8), as amended, and lists Golden Arc Ventures LLP, Triveni Housing Associates LLP, Triveni Dwellwell Realtors LLP and Uprise Homes LLP.
How did other Residential, Commercial Projects companies do?
Among 22 other Residential, Commercial Projects companies that filed for the quarter, the median revenue growth was 22.3%, compared with Trescon’s consolidated revenue growth of 33.9%. Twelve peers grew more slowly than Trescon and 10 grew faster. Eleven of the 24 peers for which profit was compared reported higher profit.
| Trescon revenue growth (YoY) | +33.9% |
|---|---|
| Median of 22 other Residential, Commercial Projects companies | +22.3% |
| Companies with slower revenue growth than Trescon | 12 of 22 |
| Companies with faster revenue growth than Trescon | 10 of 22 |
| Companies whose net profit rose | 11 of 24 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Trescon's revenue in Q2 FY27?
Revenue from operations was ₹10.36 crore, up 33.9% from ₹7.74 crore in Q2 FY26 (consolidated).
Did Trescon make a profit in Q2 FY27?
No. It reported a net loss of ₹0.72 crore, against a net loss of ₹0.65 crore in Q2 FY26.
What was Trescon's EPS in Q2 FY27?
Basic loss per share was ₹0.09, against ₹0.09 in Q2 FY26.
When did Trescon announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On November 05,2026 (BSE, 5 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 30,2026 (BSE, 5 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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