Zodiac Energy Q2 FY27 results: revenue Rs 166.22 cr, PAT Rs 9.17 cr

What the numbers show

• Net margin was 5.52% of revenue, up 276 bps from 2.75%.
• Revenue rose 71.8% while total expenses rose 66.1%.
• Cost of materials accounted for Rs 58.52 cr of the Rs 61.87 cr rise in total expenses (94%).
• Cost of materials took 80.7% of revenue, against 78.2% a year earlier.

• Revenue from operations (Q2 FY27, consolidated): Rs 166.22 cr (Q2 FY26: Rs 96.77 cr)

• Other income (Q2 FY27, consolidated): Rs 0.83 cr (Q2 FY26: Rs 0.31 cr)

• Total income (Q2 FY27, consolidated): Rs 167.05 cr (Q2 FY26: Rs 97.08 cr)

• Cost of material consumed (Q2 FY27, consolidated): Rs 134.19 cr (Q2 FY26: Rs 75.67 cr)

• Other operational expenses (Q2 FY27, consolidated): Rs 4.49 cr (Q2 FY26: Rs 5.50 cr)

• Employee benefits expenses (Q2 FY27, consolidated): Rs 4.18 cr (Q2 FY26: Rs 3.06 cr)

• Finance costs (Q2 FY27, consolidated): Rs 5.21 cr (Q2 FY26: Rs 4.48 cr)

• Depreciation & amortization expenses (Q2 FY27, consolidated): Rs 3.26 cr (Q2 FY26: Rs 2.62 cr)

• Other expenses (Q2 FY27, consolidated): Rs 4.12 cr (Q2 FY26: Rs 2.25 cr)

• Total expenses (Q2 FY27, consolidated): Rs 155.45 cr (Q2 FY26: Rs 93.58 cr)

• Profit before tax – PBT (Q2 FY27, consolidated): Rs 11.60 cr (Q2 FY26: Rs 3.50 cr)

• Profit after tax – PAT (Q2 FY27, consolidated): Rs 9.17 cr (Q2 FY26: Rs 2.66 cr)

• Profit/(Loss) attributable to non-controlling interest (Q2 FY27, consolidated): Rs 0.00 cr (Q2 FY26: Rs (0.02) cr)

• Profit/(Loss) attributable to owners of the parent (Q2 FY27, consolidated): Rs 9.16 cr (Q2 FY26: Rs 2.68 cr)

• Paid up equity share capital (Q2 FY27, consolidated): Rs 15.15 cr (Q2 FY26: Rs 15.12 cr)

• Basic earnings per share (Q2 FY27, consolidated): Rs 5.92 (Q2 FY26: Rs 1.76)

• Diluted earnings per share (Q2 FY27, consolidated): Rs 5.90 (Q2 FY26: Rs 1.75)

According to the statement of financial results for the quarter ended 30.09.2026, Zodiac Energy Limited’s consolidated revenue from operations for Q2 FY27 was Rs 166.22 cr, compared with Rs 96.77 cr in the corresponding quarter ended 30.09.2025. Including other income of Rs 0.83 cr (Q2 FY26: Rs 0.31 cr), total income stood at Rs 167.05 cr versus Rs 97.08 cr a year earlier.

On the cost side, cost of material consumed rose to Rs 134.19 cr from Rs 75.67 cr in Q2 FY26. Other operational expenses were Rs 4.49 cr versus Rs 5.50 cr, while employee benefits expenses increased to Rs 4.18 cr from Rs 3.06 cr. Finance costs moved up to Rs 5.21 cr from Rs 4.48 cr, and depreciation & amortization expenses were Rs 3.26 cr compared with Rs 2.62 cr in the year-ago quarter. Other expenses were reported at Rs 4.12 cr versus Rs 2.25 cr. Total expenses for the quarter were Rs 155.45 cr, up from Rs 93.58 cr in Q2 FY26.

Profit before tax for Q2 FY27 was Rs 11.60 cr, compared with Rs 3.50 cr in the same quarter last year. After total tax expenses of Rs 2.43 cr (Q2 FY26: Rs 0.84 cr), profit after tax came in at Rs 9.17 cr, versus Rs 2.66 cr a year earlier. Profit attributable to the owners of the parent was Rs 9.16 cr, compared with Rs 2.68 cr in Q2 FY26, while profit attributable to non-controlling interest was Rs 0.00 cr versus Rs (0.02) cr.

The company reported basic earnings per share of Rs 5.92 for the quarter, up from Rs 1.76 in the corresponding prior period, and diluted earnings per share of Rs 5.90 versus Rs 1.75. Paid up equity share capital stood at Rs 15.15 cr as of the quarter ended 30.09.2026, compared with Rs 15.12 cr a year earlier, as per the consolidated statement of financial results.