Studds Accessories Q2 FY27 consolidated revenue Rs 183.10 cr; PAT Rs 14.70 cr
Studds Accessories’ consolidated Q2 FY27 revenue from operations rose to Rs 183.10 cr, while PAT was Rs 14.70 cr versus Rs 20.60 cr in Q2 FY26.
Key takeaways
- Revenue from operations Q2 FY27: Rs 183.10 cr vs Rs 154.40 cr in Q2 FY26
- PAT Q2 FY27: Rs 14.70 cr compared with Rs 20.60 cr in Q2 FY26
- EBITDA Q2 FY27: Rs 22.80 cr versus Rs 29.90 cr in Q2 FY26
- H1 FY27 revenue from operations: Rs 352.80 cr vs Rs 303.70 cr in H1 FY26
- H1 FY27 PAT: Rs 27.00 cr compared with Rs 40.90 cr in H1 FY26
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 183.10 cr | Rs 154.40 cr | +18.6% |
| PAT | Rs 14.70 cr | Rs 20.60 cr | -28.5% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 8.03% of revenue, down 531 bps from 13.34%.
• Revenue from operations (Q2 FY27): Rs 183.10 cr (Q2 FY26: Rs 154.40 cr)
• Profit before tax (Q2 FY27): Rs 20.40 cr (Q2 FY26: Rs 27.20 cr)
• Profit after tax (Q2 FY27): Rs 14.70 cr (Q2 FY26: Rs 20.60 cr)
• Basic EPS (Q2 FY27): Rs 3.75* (Q2 FY26: Rs 5.24*)
For the half year ended 30 September 2026 (H1 FY27), consolidated revenue from operations stood at Rs 352.80 cr compared with Rs 303.70 cr in H1 FY26, as per the consolidated profit & loss statement in the investor presentation. Profit before tax for H1 FY27 was Rs 37.60 cr versus Rs 54.90 cr a year earlier, while profit after tax came in at Rs 27.00 cr against Rs 40.90 cr in H1 FY26. Basic EPS for H1 FY27 was reported at Rs 6.87* compared with Rs 10.38* in the corresponding half of the previous year.
On the cost side, the consolidated statement of financial results in the presentation shows cost of goods sold at Rs 84.50 cr in Q2 FY27 versus Rs 64.20 cr in Q2 FY26. Employee cost for the quarter was Rs 18.80 cr (Q2 FY26: Rs 15.90 cr), and other expenses were Rs 57.00 cr (Q2 FY26: Rs 44.50 cr). Depreciation for Q2 FY27 was Rs 5.60 cr compared with Rs 5.30 cr in the year-ago quarter, while finance cost remained at Rs 0.20 cr in both periods.
These cost movements fed through to operating profitability. EBITDA for Q2 FY27 was Rs 22.80 cr versus Rs 29.90 cr in Q2 FY26, and EBIT was Rs 20.60 cr compared with Rs 27.50 cr in the corresponding quarter of the previous year. Other income for the quarter was Rs 3.40 cr (Q2 FY26: Rs 2.90 cr).
For H1 FY27, cost of goods sold was Rs 163.50 cr (H1 FY26: Rs 124.80 cr), employee cost was Rs 36.90 cr (H1 FY26: Rs 31.60 cr) and other expenses were Rs 110.10 cr (H1 FY26: Rs 87.10 cr). EBITDA for the half year stood at Rs 42.30 cr versus Rs 60.20 cr in H1 FY26, while EBIT was Rs 38.00 cr against Rs 55.40 cr a year earlier. Other income for H1 FY27 was Rs 6.70 cr (H1 FY26: Rs 5.70 cr). Tax expense for Q2 FY27 was Rs 5.70 cr (Q2 FY26: Rs 6.60 cr), and for H1 FY27 it was Rs 10.60 cr (H1 FY26: Rs 14.00 cr).
*Basic EPS figures are stated as “Not Annualised” in the consolidated profit & loss statement in the investor presentation.
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