Excel Industries Q2 FY27 consolidated revenue Rs 274.68 cr; PAT Rs 28.90 cr

What the numbers show

• Net margin was 10.52% of revenue, up 267 bps from 7.84%.
• Revenue rose 1.6% while total expenses fell 0.3%.
• Cost of materials took 51.9% of revenue, against 58.5% a year earlier.

• Revenue from operations (Q2 FY27, consolidated): Rs 274.68 cr vs Rs 270.23 cr in the quarter ended September 30, 2025 (statement of financial results)

• Total income (Q2 FY27, consolidated): Rs 287.12 cr vs Rs 277.67 cr in the quarter ended September 30, 2025 (statement of financial results)

• Total expenses (Q2 FY27, consolidated): Rs 249.34 cr vs Rs 250.20 cr in the quarter ended September 30, 2025 (statement of financial results)

• Cost of materials consumed (Q2 FY27, consolidated): Rs 142.59 cr vs Rs 158.11 cr in the quarter ended September 30, 2025 (statement of financial results)

• Purchases of stock-in-trade (Q2 FY27, consolidated): Rs 1.09 cr vs Rs 1.29 cr in the quarter ended September 30, 2025 (statement of financial results)

• Changes in inventories of finished goods, stock-in-trade and work-in-progress (Q2 FY27, consolidated): Rs (8.05) cr vs Rs (12.98) cr in the quarter ended September 30, 2025 (statement of financial results)

• Employee benefit expense (Q2 FY27, consolidated): Rs 33.94 cr vs Rs 33.11 cr in the quarter ended September 30, 2025 (statement of financial results)

• Finance costs (Q2 FY27, consolidated): Rs 0.8405 cr vs Rs 0.7534 cr in the quarter ended September 30, 2025 (statement of financial results)

• Depreciation and amortisation expenses (Q2 FY27, consolidated): Rs 10.28 cr vs Rs 9.13 cr in the quarter ended September 30, 2025 (statement of financial results)

• Other expenses (Q2 FY27, consolidated): Rs 68.66 cr vs Rs 60.79 cr in the quarter ended September 30, 2025 (statement of financial results)

• Profit before tax (Q2 FY27, consolidated): Rs 37.78 cr vs Rs 27.47 cr in the quarter ended September 30, 2025 (statement of financial results)

• Profit for the period / PAT (Q2 FY27, consolidated): Rs 28.90 cr vs Rs 21.19 cr in the quarter ended September 30, 2025 (statement of financial results)

• Earnings per share – Basic (Q2 FY27, consolidated): Rs 22.99 vs Rs 16.85 in the quarter ended September 30, 2025 (statement of financial results)

• Earnings per share – Diluted (Q2 FY27, consolidated): Rs 22.99 vs Rs 16.85 in the quarter ended September 30, 2025 (statement of financial results)

For the quarter ended September 30, 2026, on a consolidated basis, Excel Industries Limited reported revenue from operations of Rs 274.68 cr, slightly higher than Rs 270.23 cr in the corresponding quarter ended September 30, 2025, as per the unaudited consolidated statement of financial results. Total income, which includes other income, increased to Rs 287.12 cr from Rs 277.67 cr a year earlier.

Total expenses for the quarter were Rs 249.34 cr compared with Rs 250.20 cr in the quarter ended September 30, 2025. Within this, cost of materials consumed declined to Rs 142.59 cr from Rs 158.11 cr, while purchases of stock-in-trade were Rs 1.09 cr versus Rs 1.29 cr. Changes in inventories of finished goods, stock-in-trade and work-in-progress stood at Rs (8.05) cr against Rs (12.98) cr in the year-ago quarter. Employee benefit expense rose to Rs 33.94 cr from Rs 33.11 cr, finance costs were Rs 0.8405 cr versus Rs 0.7534 cr, and depreciation and amortisation expenses increased to Rs 10.28 cr from Rs 9.13 cr. Other expenses were Rs 68.66 cr compared with Rs 60.79 cr in the corresponding previous quarter.

Profit before tax for the quarter ended September 30, 2026 was Rs 37.78 cr, up from Rs 27.47 cr in the quarter ended September 30, 2025. After accounting for income tax expense, profit for the period (profit after tax attributable to owners of the company) was Rs 28.90 cr, compared with Rs 21.19 cr a year earlier. Basic and diluted earnings per share for the quarter were both Rs 22.99, versus Rs 16.85 in the corresponding quarter of the previous year, according to the statement of financial results.