ADF Foods Q2 FY27 Results: Consolidated Net Profit ₹25.34 Crore on Total Income of ₹205 Crore
- Earnings
- Processed foods
Reviewed byRachit TripathiBlacklitt Research
ADF Foods (NSE: ADFFOODS) reported consolidated total income of ₹205.06 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹165.51 crore. Standalone net profit for the quarter was ₹21.65 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹205.06 crore, up 21.7% YoY from ₹168.45 crore
- Revenue from operations: ₹200.91 crore, up 23.6% YoY from ₹162.61 crore
- Profit before tax: ₹35.58 crore, against ₹35.63 crore a year earlier, down 0.1%
- Exceptional item: ₹6.83 crore charge for gratuity and leave liability under the New Labour Codes
Standalone
The company on its own, without its subsidiaries
- Total income: ₹165.51 crore, up 13.8% YoY from ₹145.43 crore
- Net profit: ₹21.65 crore, down 27.2% YoY from ₹29.73 crore
- EPS, basic: ₹1.97 a share, down 27.3% from ₹2.71 a year earlier
- Tax expense: ₹7.67 crore, down 27.7% from ₹10.61 crore
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 205.06 | 168.45 | +21.7% | 168.38 | +21.8% | |
| Revenue from operations | 200.91 | 162.61 | +23.6% | 167.29 | +20.1% |
| Other income | 4.15 | 5.83 | -29.0% | 1.10 | +278.3% |
| 25.34 | 26.39 | -4.0% | 17.29 | +46.6% | |
| Profit before tax | 35.58 | 35.63 | -0.1% | 23.49 | +51.5% |
| Finance costs | 0.87 | 0.77 | +12.2% | 0.69 | +24.7% |
| Depreciation | 6.66 | 5.19 | +28.4% | 6.57 | +1.4% |
| Tax expense | 10.24 | 9.24 | +10.9% | 6.20 | +65.2% |
| Net profit margin | 12.36% | 15.67% | -3.31 pp | 10.27% | +2.09 pp |
| EPS, basic (₹) | 2.31 | 2.40 | -3.7% | 1.57 | +47.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
In a filing on 5 Nov 2026, ADF Foods said consolidated total income rose 21.7% year on year to ₹205.06 crore, from ₹168.45 crore. Revenue from operations rose 23.6%, to ₹200.91 crore from ₹162.61 crore, while other income fell 29.0%, to ₹4.15 crore from ₹5.83 crore.
Profit before tax was ₹35.58 crore, against ₹35.63 crore a year earlier, down 0.1%. Finance costs rose 12.2% to ₹0.87 crore, and depreciation rose 28.4% to ₹6.66 crore from ₹5.19 crore.
The results carry an exceptional item of ₹6.83 crore, shown in the half-year and year columns. It relates to an incremental gratuity and leave liability recognised after the New Labour Codes took effect, assessed at 31 Dec 2025. The company describes the change as non-recurring.
The US-based subsidiaries also received insurance proceeds for a fire involving certain assets and inventories; the filing says the matter was accounted for in the results as on 30 Sep 2026. A forbearance agreement dated 9 Oct 2026 with Ascot Valley Foods Ltd. and its affiliates sets an alternate payment plan of ₹16.77 crore plus interest. Of this, ₹4.31 crore (US$0.45 million) was received on 9 Oct 2026, and the filing says the balance is receivable in later periods and that no impact has been given in these results.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 165.51 | 145.43 | +13.8% | 121.66 | +36.0% | |
| Revenue from operations | 163.27 | 140.07 | +16.6% | n/a | n/a |
| Other income | 2.24 | 5.35 | -58.1% | 0.71 | +214.3% |
| 21.65 | 29.73 | -27.2% | 18.28 | +18.4% | |
| Profit before tax | 29.32 | 40.34 | -27.3% | 24.56 | +19.4% |
| Finance costs | 0.58 | 0.46 | +27.5% | 0.40 | +46.4% |
| Depreciation | 3.34 | 2.25 | +48.3% | 3.29 | +1.6% |
| Tax expense | 7.67 | 10.61 | -27.7% | 6.28 | +22.2% |
| Net profit margin | 13.08% | 20.44% | -7.36 pp | 15.02% | -1.95 pp |
| EPS, basic (₹) | 1.97 | 2.71 | -27.3% | 1.66 | +18.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 13.8% year on year to ₹165.51 crore, but net profit fell 27.2% to ₹21.65 crore from ₹29.73 crore. Profit before tax fell 27.3%, to ₹29.32 crore from ₹40.34 crore.
Revenue from operations rose 16.6% to ₹163.27 crore from ₹140.07 crore, while other income fell 58.1%, to ₹2.24 crore from ₹5.35 crore.
Finance costs rose 27.5% to ₹0.58 crore and depreciation rose 48.3% to ₹3.34 crore from ₹2.25 crore. Tax expense fell 27.7% to ₹7.67 crore from ₹10.61 crore, which is 26.2% of profit before tax.
Against the June quarter, standalone net profit rose 18.4%, to ₹21.65 crore from ₹18.28 crore, and basic EPS rose 18.7%, to ₹1.97 from ₹1.66.
Inference
The board declared an interim dividend of ₹0.60 per share, 30% of the ₹2 face value, for FY 2026-27. The filing says it will be paid within 30 days of declaration to shareholders on the register on 11 Nov 2026.
The statutory auditors, MSKA & Associates LLP, carried out a limited review and reported nothing that causes them to believe the statement contains a material misstatement. Three subsidiaries' interim figures were not reviewed by their auditors, and the auditors say these are not material to the group.
The filing gives no reason for the fall in standalone profit or the drop in other income, and does not say when the balance under the forbearance agreement will be received.
Filed with BSE on . Reference: Original filing (PDF)
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