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Zenith Fibres Q2 FY27 results: net profit ₹0.34 crore vs ₹0.06 crore loss, revenue up 96.4%
Zenith Fibres Limited reported standalone revenue of ₹18.36 crore in Q2 FY27, up 96.4% from ₹9.35 crore a year earlier, and a net profit of ₹0.34 crore against a loss a year ago. Against the previous quarter, revenue rose 18.8% while profit fell 70.2%.
Key points
- Revenue was ₹18.36 crore in Q2 FY27, up ₹9.01 crore or 96.4% from ₹9.35 crore in Q2 FY26
- EBITDA was ₹0.14 crore, up ₹0.79 crore from a loss of ₹0.65 crore, with margin at 0.8% against -7.0%
- Net profit was ₹0.34 crore, up ₹0.40 crore from a loss of ₹0.06 crore in Q2 FY26, and EPS was ₹0.87
- Against Q1 FY27, revenue rose ₹2.91 crore while net profit fell ₹0.80 crore and EPS fell ₹2.02 to ₹0.87
- For H1 FY27, revenue was ₹33.81 crore, up 77.3%, and net profit was ₹1.48 crore against ₹0.32 crore
How did Zenith Fibres perform in Q2 FY27?
Zenith Fibres reported standalone revenue of ₹18.36 crore for the September 2026 quarter, up ₹9.01 crore or 96.4% from ₹9.35 crore in Q2 FY26 and up ₹2.91 crore or 18.8% from ₹15.45 crore in Q1 FY27. Total income was ₹18.98 crore, against ₹10.13 crore a year earlier and ₹16.55 crore in the previous quarter. The figures are on a standalone basis.
EBITDA for the quarter was ₹0.14 crore, compared with a loss of ₹0.65 crore in Q2 FY26, and the EBITDA margin was 0.8% against -7.0%. Sequentially, EBITDA fell ₹0.51 crore from ₹0.65 crore and the margin fell 3.4 percentage points from 4.2%.
Profit before tax was ₹0.53 crore against a loss of ₹0.07 crore a year earlier and ₹1.53 crore in the previous quarter. Net profit was ₹0.34 crore, up ₹0.40 crore from a loss of ₹0.06 crore in Q2 FY26 but down ₹0.80 crore from ₹1.14 crore in Q1 FY27. Basic EPS was ₹0.87 against -₹0.15 a year earlier and ₹2.89 in the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 18.36 | 15.45 | 9.35 | +96.4% | +18.8% |
| Other income | 0.62 | 1.11 | 0.78 | −20.5% | −44.1% |
| Total expenses | 18.46 | 15.03 | 10.19 | +81.2% | +22.8% |
| EBITDA | 0.14 | 0.65 | −0.65 | turned to profit | −78.5% |
| EBITDA margin | 0.8% | 4.2% | -7.0% | +7.8 pp | −3.4 pp |
| Profit before tax | 0.53 | 1.53 | −0.07 | turned to profit | −65.4% |
| Tax | 0.18 | 0.39 | −0.01 | −53.8% | |
| Net profit | 0.34 | 1.14 | −0.06 | turned to profit | −70.2% |
| EPS (₹) | 0.87 | 2.89 | −0.15 | turned to profit | −69.9% |
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 Zenith Fibres' costs and profit?
Cost of materials consumed was ₹14.31 crore in Q2 FY27, up ₹8.47 crore or 145.0% from ₹5.84 crore in the year-ago quarter, reflecting the rise in revenue. Total expenses were ₹18.46 crore, up ₹8.27 crore or 81.2% from ₹10.19 crore, and employee benefits expense was ₹1.58 crore, up ₹0.03 crore or 1.9%.
Other expenses were ₹2.57 crore, up ₹0.25 crore or 10.8% from ₹2.32 crore, while depreciation was ₹0.23 crore, up ₹0.04 crore or 21.1%. Finance costs were ₹0.01 crore. Other income fell ₹0.16 crore or 20.5% to ₹0.62 crore from ₹0.78 crore. There was no exceptional item in either quarter.
Tax expense was ₹0.18 crore against a credit of ₹0.01 crore in the year-ago quarter. Against the previous quarter, other income fell ₹0.49 crore or 44.1% and tax fell ₹0.21 crore or 53.8%, while total expenses rose ₹3.43 crore or 22.8%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 14.31 | 5.84 | +8.47 | +145.0% |
| Employee cost | 1.58 | 1.55 | +0.03 | +1.9% |
| Finance costs | 0.01 | 0 | +0.01 | |
| Depreciation | 0.23 | 0.19 | +0.04 | +21.1% |
| Other expenses | 2.57 | 2.32 | +0.25 | +10.8% |
| Total expenses | 18.46 | 10.19 | +8.27 | +81.2% |
| Other income | 0.62 | 0.78 | −0.16 | −20.5% |
| Tax | 0.18 | −0.01 | +0.19 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, Zenith Fibres reported revenue of ₹33.81 crore, up ₹14.74 crore or 77.3% from ₹19.07 crore in H1 FY26. Total income was ₹35.54 crore, up ₹14.78 crore or 71.2% from ₹20.76 crore.
Profit before tax for the half year was ₹2.05 crore, up ₹1.62 crore from ₹0.43 crore, and net profit was ₹1.48 crore, up ₹1.16 crore from ₹0.32 crore. EPS for the half was ₹3.76 against ₹0.81 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 33.81 | 19.07 | +77.3% |
| Profit before tax | 2.05 | 0.43 | +376.7% |
| Net profit | 1.48 | 0.32 | +362.5% |
| EPS (₹) | 3.76 | 0.81 | +364.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹66.52 crore as on 30 September 2026, against ₹63.18 crore as on 31 March 2026, and total equity was ₹60.5 crore against ₹59.02 crore. There were no borrowings at either date. Cash was ₹1.91 crore, lower than ₹2.55 crore at the previous balance sheet date.
Inventories rose to ₹5.25 crore from ₹2.62 crore and trade payables to ₹1.61 crore from ₹0.58 crore, while trade receivables fell to ₹2.58 crore from ₹2.73 crore. In the first half of FY27, operating cash flow was -₹2.68 crore against -₹3.39 crore in H1 FY26, and investing cash flow was ₹2.05 crore against -₹0.98 crore.
Capital expenditure in H1 FY27 was ₹0.13 crore, against ₹1.01 crore in H1 FY26. Financing cash flow was -₹0.01 crore against -₹0.05 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 66.52 | 63.18 |
| Total equity | 60.50 | 59.02 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 1.91 | 2.55 |
| Inventories | 5.25 | 2.62 |
| Trade receivables | 2.58 | 2.73 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −2.68 | −3.39 |
| Cash from investing | 2.05 | −0.98 |
| Cash from financing | −0.01 | −0.05 |
| Capital expenditure | 0.13 | 1.01 |
Source: Company's results filing (XBRL).
How has Zenith Fibres done over the last 8 quarters?
Revenue rose in each of the last two quarters on a year-on-year basis. It reached ₹18.36 crore in Q2 FY27, the highest in the eight quarters shown, from a low of ₹9.35 crore in Q2 FY26. The highest EBITDA margin in the series was 4.2% in Q1 FY27, against a low of -7.9% in Q4 FY25.
Net profit peaked at ₹2.61 crore in Q3 FY26 and bottomed at a loss of ₹0.54 crore in Q4 FY25. In the latest quarter, net profit was ₹0.34 crore, lower than ₹1.14 crore in Q1 FY27, and the EBITDA margin eased to 0.8% from 4.2%.
Which businesses drove the quarter?
Manmade Fibre reported revenue of ₹18.29 crore in Q2 FY27, up 95.6% from ₹9.35 crore in the year-ago quarter. Segment EBIT was a loss of ₹0.48 crore against a loss of ₹1.05 crore in Q2 FY26, with an EBIT margin of -2.6%.
Renewable Energy reported revenue of ₹0.66 crore for the quarter and EBIT of ₹0.39 crore, with an EBIT margin of 59.3%. The filing does not give a year-ago comparison for this segment.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Manmade Fibre | 18.29 | +95.6% | −0.48 | -2.6% |
| Renewable Energy | 0.66 | 0.39 | 59.3% |
Source: Company's results filing (XBRL segment data).
How did Zenith Fibres shares react?
The filing appeared in the market on 4 November 2026. From the price when the filing appeared, the stock was down 0.1% after 15 minutes and unchanged after 30 minutes. On the reaction day, measured from the previous close of ₹59.25, the stock fell 1.3%.
The median move for the Other Textile Products industry on the reaction day was 1.2%, so the stock's move was 2.5 percentage points below the industry median. Earlier reaction-day moves were 3.7% on 14 August 2026, -0.8% on 29 May 2026, 10.7% on 4 February 2026, 0.3% on 10 November 2025, 2.4% on 2 August 2025, -7.1% on 27 May 2025, 14.1% on 10 August 2024 and -2.4% on 18 May 2024.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 15 minutes | −0.1% | |
| 30 minutes | +0.0% | |
| Reaction day | −1.3% | +1.2% |
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 August 2026 | +3.7% |
| 29 May 2026 | −0.8% |
| 4 February 2026 | +10.7% |
| 10 November 2025 | +0.3% |
| 2 August 2025 | +2.4% |
| 27 May 2025 | −7.1% |
| 10 August 2024 | +14.1% |
| 18 May 2024 | −2.4% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Seventy Other Textile Products companies were compared for revenue growth, with a median revenue growth of 23.2%. Of these, 62 grew slower than Zenith Fibres and 8 grew faster than Zenith Fibres. Out of 72 peers whose profit was compared, 50 reported higher profit.
| Zenith Fibres revenue growth (YoY) | +96.4% |
|---|---|
| Median of 70 other Other Textile Products companies | +23.2% |
| Companies with slower revenue growth than Zenith Fibres | 62 of 70 |
| Companies with faster revenue growth than Zenith Fibres | 8 of 70 |
| Companies whose net profit rose | 50 of 72 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Zenith Fibres' revenue in Q2 FY27?
Revenue from operations was ₹18.36 crore, up 96.4% from ₹9.35 crore in Q2 FY26 (standalone).
Did Zenith Fibres make a profit in Q2 FY27?
Yes. Net profit was ₹0.34 crore, against a net loss of ₹0.06 crore in Q2 FY26.
What was Zenith Fibres' EPS in Q2 FY27?
Basic earnings per share were ₹0.87, against a loss of ₹0.15 in Q2 FY26.
How did Zenith Fibres shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.3% from the previous close; the median Other Textile Products stock moved +1.2%.
When did Zenith Fibres announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2026 Of The Current Financial Year 2026-27. (BSE, 27 October 2026) · PDF
- Unaudited Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2026 (BSE, 4 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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