Borosil Q2 FY27 Results: Consolidated Net Profit ₹31.91 Crore on Total Income of ₹372 Crore
Earnings
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Blacklitt Research3 min read
Borosil (NSE: BOROLTD) reported consolidated total income of ₹371.56 crore and consolidated net profit of ₹31.91 crore for the quarter ended 30 Sep 2026, it said in a filing on 29 Oct 2026. Standalone total income was ₹374.41 crore and standalone net profit ₹32.23 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹371.56 crore, up 7.4% YoY and 42.8% QoQ
Net profit and EPS: ₹31.91 crore, up 40.5% YoY; basic EPS ₹2.67 against ₹1.90
Finance costs: ₹3.64 crore, up 146.1% YoY from ₹1.48 crore
Standalone
The company on its own, without its subsidiaries
Total income: ₹374.41 crore, up 8.1% YoY and 42.0% QoQ
Net profit and EPS: ₹32.23 crore, up 41.1% YoY; basic EPS ₹2.70 against ₹1.91
Finance costs: ₹2.59 crore, up 75.5% YoY from ₹1.48 crore
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
371.56
346.07
+7.4%
260.24
+42.8%
Revenue from operations
369.80
344.13
+7.5%
257.61
+43.5%
Other income
1.75
1.94
-9.6%
2.63
-33.2%
31.91
22.71
+40.5%
12.80
+149.3%
Profit before tax
42.85
30.47
+40.6%
17.44
+145.7%
Finance costs
3.64
1.48
+146.1%
1.82
+100.0%
Depreciation
24.51
22.06
+11.1%
21.85
+12.2%
Tax expense
10.93
7.76
+41.0%
4.63
+135.9%
Net profit margin
8.59%
6.56%
+2.03 pp
4.92%
+3.67 pp
EPS, basic (₹)
2.67
1.90
+40.5%
1.07
+149.5%
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.
Profit grew faster than income in the quarter. Consolidated net profit rose 40.5% year on year to ₹31.91 crore, while total income rose 7.4%. Profit before tax rose 40.6%, so the tax line moved in step with pre-tax profit: tax expense rose 41.0% to ₹10.93 crore, which is 25.5% of profit before tax, against ₹7.76 crore a year earlier.
Other income is small against the rest of the statement. At ₹1.75 crore it is 0.5% of total income and 4.1% of profit before tax, and it fell 9.6% from ₹1.94 crore. Revenue from operations, at ₹369.80 crore, carries the growth, rising 7.5% year on year.
Finance costs more than doubled in relative terms, to ₹3.64 crore from ₹1.48 crore, a rise of 146.1%. They are 1.0% of total income. The filing gives no reason for the increase.
Depreciation rose 11.1% to ₹24.51 crore. Against the quarter before, net profit rose 149.3% from ₹12.80 crore, and basic EPS went from ₹1.07 to ₹2.67.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
374.41
346.20
+8.1%
263.58
+42.0%
Revenue from operations
372.34
344.13
+8.2%
260.59
+42.9%
Other income
2.07
2.07
-0.1%
2.99
-30.8%
32.23
22.85
+41.1%
13.60
+137.0%
Profit before tax
43.10
30.60
+40.8%
18.23
+136.4%
Finance costs
2.59
1.48
+75.5%
1.82
+42.5%
Depreciation
22.44
22.06
+1.7%
21.82
+2.8%
Tax expense
10.87
7.76
+40.1%
4.63
+134.5%
Net profit margin
8.61%
6.60%
+2.01 pp
5.16%
+3.45 pp
EPS, basic (₹)
2.70
1.91
+41.4%
1.14
+136.8%
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 results follow the same pattern. Net profit rose 41.1% year on year to ₹32.23 crore, against total income growth of 8.1%. Profit before tax of ₹43.10 crore rose 40.8%, and tax expense of ₹10.87 crore is 25.2% of that figure.
Standalone other income was ₹2.07 crore, flat on the year-earlier quarter at 0.1% lower, and 0.6% of total income. Revenue from operations rose 8.2% to ₹372.34 crore.
Standalone finance costs of ₹2.59 crore rose 75.5% from ₹1.48 crore, a smaller rise than in the consolidated figures. Depreciation rose only 1.7%, to ₹22.44 crore, against 11.1% on a consolidated basis.
Consolidated net profit of ₹31.91 crore is ₹0.32 crore lower than standalone net profit of ₹32.23 crore, and consolidated total income of ₹371.56 crore is ₹2.85 crore lower than standalone total income of ₹374.41 crore. The consolidated results include the subsidiaries Acalypha Realty Limited and Stylenest India Limited.
Inference
The board approved both sets of results on 29 Oct 2026, and Chaturvedi & Shah LLP issued a limited review report on each, stating that nothing had come to its attention that causes it to believe the results contain a material misstatement.
The notes record an allotment of 5,500 equity shares under the Borosil Limited Employee Stock Option Scheme, 2020 in the half year, with the paid-up share capital rising by ₹0.06 lakh. The standalone cash flow statement shows a loan given to a subsidiary of ₹8.41 crore in the half year, and the consolidated statement shows a government grant of ₹1.27 crore, whose nature the filing does not describe. The filing does not give the reason for the rise in finance costs, the impact of the Labour Codes on the current quarter, or whether any dividend has been declared.
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