Ind-Swift Labs Q2 FY27: Consolidated revenue Rs 240.46 cr, PAT Rs 34.22 cr

What the numbers show

• Net margin was 14.23% of revenue, up 919 bps from 5.04%.
• Revenue rose 51.6% while total expenses rose 25.6%.
• Cost of materials accounted for Rs 26.77 cr of the Rs 40.95 cr rise in total expenses (65%).
• Cost of materials took 38.6% of revenue, against 41.7% a year earlier.

Key numbers (consolidated, Rs in Lakhs)

From the statement of consolidated unaudited financial results for the quarter ended 30.09.2026, compared with the corresponding quarter ended 30.09.2025:

• Revenue from operations: Rs 240.46 cr (Q2 FY27) vs Rs 158.64 cr (Q2 FY26)
• Other Income: Rs 7.60 cr vs Rs 11.86 cr
• Total Income: Rs 248.06 cr vs Rs 170.50 cr
• Cost of Materials Consumed: Rs 92.87 cr vs Rs 66.10 cr
• Purchase of stock in Trade: Rs 16.14 cr vs Rs 11.89 cr
• (Increase) /decrease in FG,WIP & stock in trade: Rs (2.50) cr vs Rs (0.3472) cr
• Employee benefit: Rs 37.97 cr vs Rs 36.27 cr
• Finance Costs: Rs 1.33 cr vs Rs 2.01 cr
• Depreciation: Rs 7.77 cr vs Rs 6.98 cr
• Other expenditure: Rs 50.51 cr vs Rs 37.25 cr
• TOTAL EXPENSES: Rs 201.11 cr vs Rs 160.16 cr
• Profit(loss) before exceptional Items and Tax: Rs 43.96 cr vs Rs 10.34 cr
• Exceptional Items (Income) /loss: Rs 0.5797 cr vs Rs 0.00 cr
• Profit(loss) before Tax (After exceptional items): Rs 43.38 cr vs Rs 10.34 cr
• Current Tax: Rs 9.23 cr vs Rs 2.30 cr
• Deferred Tax: Rs 0.00 cr vs Rs 0.00 cr
• Profit/ (Loss) after tax and before share of: Rs 34.15 cr vs Rs 8.04 cr
• Share of profit (loss) in joint venture: Rs 0.0719 cr vs Rs (0.0529) cr
• Profit (+)/ Loss (-) for the period from continuing operations: Rs 34.22 cr vs Rs 7.99 cr
• Net Profit / (Loss) for the period after tax & Exceptional items: Rs 34.22 cr vs Rs 7.99 cr
• Other Comprehensive income (Loss) for the period , net of Tax: Rs (2.87) cr vs Rs 0.00 cr
• Total Comprehensive Income for the Period: Rs 31.35 cr vs Rs 7.99 cr
• Paid up Equity Share Capital (Face Value of Rs. 10/- per Share): Rs 86.96 cr vs Rs 81.61 cr
• EPS (of Rs. 10/- each) (Not annualised) – Basic: 3.94 vs 1.00
• EPS (of Rs. 10/- each) (Not annualised) – Diluted: 3.92 vs 0.96

In the quarter ended 30.09.2026, consolidated revenue from operations and total income increased versus the same quarter in the previous year, with higher cost of materials consumed, purchases of stock in trade, employee benefits and other expenditure also reported in the statement of financial results. Profit before tax after exceptional items, profit after tax and earnings per share were higher year-on-year on a consolidated basis, as per the figures presented in the statement of consolidated unaudited financial results.