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Yash Management & Satellite Q2 FY27 results: net profit ₹0.41 crore vs ₹0.74 crore loss
Yash Management & Satellite Ltd reported Q2 FY27 consolidated revenue of ₹11 crore, up 216.1% from ₹3.48 crore a year earlier, and swung to a net profit of ₹0.41 crore from a loss of ₹0.74 crore. Against Q1 FY27, however, profit fell 67.2% as other income declined to ₹0.52 crore from ₹1.46 crore.
Key points
- Consolidated revenue rose 216.1% year on year to ₹11 crore in Q2 FY27, up 21.1% from ₹9.08 crore in Q1 FY27.
- Net profit was ₹0.41 crore in Q2 FY27 against a net loss of ₹0.74 crore in Q2 FY26 and ₹1.25 crore in Q1 FY27.
- EBITDA narrowed to a loss of ₹0.18 crore from a loss of ₹1 crore a year earlier, while the EBITDA margin improved 27.2 percentage points to -1.6%.
- Basic EPS was ₹0.07, against ₹0.97 in Q1 FY27 and a loss of ₹0.44 per share in Q2 FY26.
- For H1 FY27, revenue rose 151.2% to ₹20.07 crore and profit after tax turned to ₹1.66 crore from a loss of ₹0.51 crore.
How did Yash Management & Satellite perform in Q2 FY27?
Yash Management & Satellite reported consolidated revenue of ₹11 crore for Q2 FY27, up 216.1% from ₹3.48 crore in Q2 FY26 and 21.1% from ₹9.08 crore in Q1 FY27. Total income rose to ₹11.52 crore from ₹3.77 crore a year earlier and ₹10.54 crore in the previous quarter. EBITDA was a loss of ₹0.18 crore, compared with a loss of ₹1 crore in Q2 FY26 and a loss of ₹0.02 crore in Q1 FY27, while the EBITDA margin improved 27.2 percentage points year on year to -1.6% but fell 1.4 percentage points sequentially.
Profit before tax was ₹0.30 crore, against a loss of ₹0.76 crore in the year-ago quarter and ₹1.39 crore in Q1 FY27. Net profit was ₹0.41 crore versus a net loss of ₹0.74 crore a year earlier, while profit attributable to owners was ₹0.29 crore against ₹1.05 crore in Q1 FY27. Basic EPS was ₹0.07, compared with ₹0.97 in the previous quarter and a loss of ₹0.44 per share in Q2 FY26. On a standalone basis, the company reported revenue of ₹10.26 crore and a net profit of ₹0.11 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 11 | 9.08 | 3.48 | +216.1% | +21.1% |
| Other income | 0.52 | 1.46 | 0.29 | +79.3% | −64.4% |
| Total expenses | 11.21 | 9.15 | 4.53 | +147.5% | +22.5% |
| EBITDA | −0.18 | −0.02 | −1 | ||
| EBITDA margin | -1.6% | -0.2% | -28.8% | +27.2 pp | −1.4 pp |
| Profit before tax | 0.30 | 1.39 | −0.76 | turned to profit | −78.4% |
| Tax | −0.11 | 0.13 | −0.02 | ||
| Net profit | 0.41 | 1.25 | −0.74 | turned to profit | −67.2% |
| EPS (₹) | 0.07 | 0.97 | −0.44 | turned to profit | −92.8% |
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 Yash Management & Satellite's costs and profit?
Total expenses rose to ₹11.21 crore in Q2 FY27 from ₹4.53 crore in Q2 FY26, an increase of ₹6.68 crore or 147.5%. Employee benefit expense was ₹0.17 crore, up ₹0.03 crore or 21.4%, finance costs were ₹0.03 crore, up ₹0.01 crore or 50.0%, and other expenses were ₹0.38 crore, up ₹0.19 crore or 100.0%. Depreciation fell by ₹0.02 crore to no amount, and there was no exceptional item in either quarter.
Other income was ₹0.52 crore in Q2 FY27, up ₹0.23 crore or 79.3% from ₹0.29 crore a year earlier but down ₹0.94 crore or 64.4% from ₹1.46 crore in Q1 FY27. Tax was ₹0.11 crore, compared with ₹0.02 crore in the year-ago quarter, while the previous quarter carried ₹0.13 crore. The filing does not state the reasons for the movements in other income or expenses.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.17 | 0.14 | +0.03 | +21.4% |
| Finance costs | 0.03 | 0.02 | +0.01 | +50.0% |
| Depreciation | 0 | 0.02 | −0.02 | |
| Other expenses | 0.38 | 0.19 | +0.19 | +100.0% |
| Total expenses | 11.21 | 4.53 | +6.68 | +147.5% |
| Other income | 0.52 | 0.29 | +0.23 | +79.3% |
| Tax | −0.11 | −0.02 | −0.09 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue rose 151.2% to ₹20.07 crore from ₹7.99 crore in H1 FY26, a difference of ₹12.08 crore. Total income rose 154.6% to ₹22.05 crore from ₹8.66 crore. Profit before tax turned to ₹1.69 crore from a loss of ₹0.51 crore, and profit after tax was ₹1.66 crore against a loss of ₹0.51 crore, a difference of ₹2.17 crore.
EPS for H1 FY27 was ₹1.03. The year-ago half-year EPS is not given, so no comparison is stated. The results were approved by the board on 19 October 2026 as standalone and consolidated unaudited financial results for the quarter and half year ended 30 September 2026, with a limited review report.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 20.07 | 7.99 | +151.2% |
| Profit before tax | 1.69 | −0.51 | turned to profit |
| Net profit | 1.66 | −0.51 | turned to profit |
| EPS (₹) | 1.03 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹27.41 crore as on 30 September 2026, against ₹26.9 crore as on 31 March 2026. Total equity rose to ₹26.02 crore from ₹23.94 crore, while borrowings fell to ₹1.26 crore from ₹2.69 crore. Cash was ₹0.56 crore compared with ₹2.34 crore at the previous balance sheet date, inventories were ₹7.5 crore against ₹9.2 crore, and trade receivables were ₹1.55 crore against ₹0.03 crore.
For H1 FY27, net cash from operating activities was ₹2.35 crore, compared with a net cash outflow of ₹0.9 crore in H1 FY26. Net cash used in investing activities was ₹2.61 crore against ₹1.6 crore, and financing activities used ₹1.52 crore against an inflow of ₹2.13 crore. Capital expenditure was ₹0.02 crore in each half-year.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 27.41 | 26.90 |
| Total equity | 26.02 | 23.94 |
| Borrowings | 1.26 | 2.69 |
| Cash and equivalents | 0.56 | 2.34 |
| Inventories | 7.50 | 9.20 |
| Trade receivables | 1.55 | 0.03 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 2.35 | −0.90 |
| Cash from investing | −2.61 | −1.60 |
| Cash from financing | −1.52 | 2.13 |
| Capital expenditure | 0.02 | 0.02 |
Source: Company's results filing (XBRL).
How has Yash Management & Satellite done over the last 8 quarters?
Revenue rose year on year in each of the last four quarters. Across the reported quarters, revenue was lowest at ₹3.48 crore in Q2 FY26 and highest at ₹11.85 crore in Q4 FY26, with Q2 FY27 at ₹11 crore. Profit after tax bottomed at a loss of ₹0.74 crore in Q2 FY26 and peaked at ₹1.25 crore in Q1 FY27, before easing to ₹0.41 crore in Q2 FY27.
The EBITDA margin was lowest at -28.8% in Q2 FY26 and highest at 4.6% in Q4 FY26. It turned slightly negative in Q1 FY27 at -0.2% and stood at -1.6% in Q2 FY27. Revenue has risen sequentially from ₹7.68 crore in Q3 FY26 to ₹11.85 crore, ₹9.08 crore and ₹11 crore in the three quarters since, while profit and margin eased from the Q1 FY27 peak.
Which businesses drove the quarter?
Trading activities reported revenue of ₹10.4 crore in Q2 FY27, up 187.4% from ₹3.62 crore in the year-ago quarter, with an EBIT of a loss of ₹0.14 crore against a loss of ₹0.54 crore. The segment's EBIT margin was -1.4%. The filing notes that the company's main business is trading activities.
The other segment reported revenue of ₹1.12 crore, up 227.2% from ₹0.34 crore in Q2 FY26, with an EBIT of ₹0.32 crore against ₹0.3 crore a year earlier. Its EBIT margin was 28.4%. The company stated that all other activities revolve around the main trading business and that there are no separate reportable segments under Ind AS-108.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Trading activities | 10.40 | +187.4% | −0.14 | -1.4% |
| other | 1.12 | +227.2% | 0.32 | 28.4% |
Source: Company's results filing (XBRL segment data).
How did Yash Management & Satellite shares react?
The filing was released after market on 19 October 2026, from a previous close of ₹10.0. On the reaction day, the stock was up 7.1% from its pre-results close, and by the next day's close it was up 7.6% from the same close. By the fifth session, the gain stood at 4.9%. No price reaction was recorded in the first 5, 15 or 30 minutes after the filing.
| After the filing | Stock | Trading & Distributors median |
|---|---|---|
| Reaction day | +7.1% | −0.7% |
| Next day | +7.6% | −1.3% |
| 5 days | +4.9% | −2.5% |
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 | −3.1% |
| 20 May 2026 | +8.8% |
| 23 January 2026 | +17.1% |
| 10 November 2025 | −1.7% |
| 11 August 2025 | +0.0% |
| 9 August 2024 | +5.8% |
Source: MarketPing price-reaction measurement.
How did other Trading & Distributors companies do?
Twenty-four other Trading & Distributors companies had filed for this quarter as of 4 November 2026, with a median revenue growth of 31.0%. Of these, 18 grew revenue more slowly than Yash Management & Satellite and 6 grew faster. The company's own revenue growth of 216.1% was above the peer median.
Of the 36 peers for which profit was compared, 20 reported an increase in profit. The peer figures are drawn from results filed for the quarter as of 4 November 2026, against Yash Management & Satellite's consolidated Q2 FY27 results.
| Yash Management & Satellite revenue growth (YoY) | +216.1% |
|---|---|
| Median of 24 other Trading & Distributors companies | +31.0% |
| Companies with slower revenue growth than Yash Management & Satellite | 18 of 24 |
| Companies with faster revenue growth than Yash Management & Satellite | 6 of 24 |
| Companies whose net profit rose | 20 of 36 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Yash Management & Satellite's revenue in Q2 FY27?
Revenue from operations was ₹11 crore, up 216.1% from ₹3.48 crore in Q2 FY26 (consolidated).
Did Yash Management & Satellite make a profit in Q2 FY27?
Yes. Net profit was ₹0.41 crore, against a net loss of ₹0.74 crore in Q2 FY26.
What was Yash Management & Satellite's EPS in Q2 FY27?
Basic earnings per share were ₹0.07, against a loss of ₹0.44 in Q2 FY26.
How did Yash Management & Satellite shares react to the Q2 FY27 results?
On the reaction day the stock moved +7.1% from the previous close; the median Trading & Distributors stock moved −0.7%.
When did Yash Management & Satellite announce its Q2 FY27 results?
On 19 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for The Board Meeting Of The Company To Consider And Approve Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026 Is Scheduled To Be Held On 19Th October, 2026 (BSE, 14 October 2026) · PDF
- Board Meeting Outcome for The Board In Its Meeting Held On 19.10.2026 Considered And Approved The Unaudited Financial Results Of The Company For The Quarter Ended 30.09.2026 (BSE, 19 October 2026) · PDF
- Unaudited Standalone & Consolidated Financial Results Of The Company For The Quarter & Half Year Ended 30.09.2026 (BSE, 19 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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