Elgi Equipments Q2 FY27 Results: Consolidated Net Profit ₹128 Crore on Total Income of ₹1,155 Crore
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Reviewed byRachit TripathiBlacklitt Research
Elgi Equipments (NSE: ELGIEQUIP) reported consolidated total income of ₹1,155 crore and net profit of ₹128 crore for the quarter ended 30 Sep 2026, it said in a filing on 06 Nov 2026. Standalone total income was ₹755 crore and net profit ₹129 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,154.90 crore, up 13.3% YoY and 6.7% QoQ
- Net profit and EPS: ₹128.30 crore, up 5.7% YoY; basic EPS ₹4.07
- Other income: ₹20.60 crore, down from ₹51.40 crore a year earlier
- Exceptional items: ₹3.70 crore of restructuring costs in the quarter
Standalone
The company on its own, without its subsidiaries
- Total income: ₹755.10 crore, up 27.4% YoY and 13.6% QoQ
- Net profit and EPS: ₹128.90 crore, up 42.0% YoY; basic EPS ₹4.09
- Other income: ₹47.10 crore, up from ₹24.40 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,155 | 1,019 | +13.3% | 1,083 | +6.7% | |
| Revenue from operations | 1,134 | 968 | +17.2% | 1,062 | +6.8% |
| Other income | 21 | 51 | -59.9% | 20 | +1.0% |
| 128 | 121 | +5.7% | 103 | +24.2% | |
| Profit before tax | 173 | 167 | +3.8% | 140 | +24.3% |
| Finance costs | 5 | 7 | -30.0% | 6 | -18.3% |
| Depreciation | 26 | 21 | +24.6% | 25 | +4.5% |
| Tax expense | 45 | 46 | -1.1% | 36 | +24.6% |
| Net profit margin | 11.11% | 11.91% | -0.80 pp | 9.54% | +1.57 pp |
| EPS, basic (₹) | 4.07 | 3.85 | +5.7% | 3.28 | +24.1% |
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.
Consolidated profit grew more slowly than income.
Tax absorbed 26.0% of profit before tax of ₹173.40 crore, against about 27.3% a year earlier, and the restructuring costs of ₹3.70 crore in the quarter and ₹11.00 crore in the half year are the only exceptional items the filing names. Finance costs of ₹4.90 crore were 0.4% of total income, against ₹7.00 crore a year earlier.
Borrowings stood at ₹356.00 crore on 30 Sep 2026, down from ₹404.80 crore on 31 Mar 2026, and the consolidated share of joint ventures' profit was ₹2.20 crore in the quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 755 | 593 | +27.4% | 665 | +13.6% | |
| Revenue from operations | 708 | 568 | +24.6% | 645 | +9.8% |
| Other income | 47 | 24 | +93.0% | 20 | +134.3% |
| 129 | 91 | +42.0% | 90 | +42.6% | |
| Profit before tax | 164 | 122 | +33.6% | 122 | +33.8% |
| Finance costs | 1 | 0 | +125.0% | 1 | 0.0% |
| Depreciation | 13 | 10 | +28.0% | 12 | +3.2% |
| Tax expense | 35 | 32 | +9.5% | 30 | +15.3% |
| Net profit margin | 17.07% | 15.32% | +1.75 pp | 13.60% | +3.47 pp |
| EPS, basic (₹) | 4.09 | 2.88 | +42.0% | 2.87 | +42.5% |
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.
Standalone net profit rose 42.0% year on year, faster than total income's 27.4% and profit before tax's 33.6%. The filing reports no exceptional items for the standalone quarter, so the gap is not explained by a one-off in the filing.
Other income of ₹47.10 crore was 6.2% of total income and 28.8% of profit before tax of ₹163.50 crore. Revenue from operations rose 24.6% to ₹708.00 crore. Tax expense of ₹34.60 crore was 21.2% of profit before tax.
The standalone results include joint operations and a trust, and the filing says the auditors' limited review did not modify their conclusion. The filing does not say why standalone other income rose.
Inference
The filing reports that the board approved both sets of results on 06 Nov 2026 and that Price Waterhouse Chartered Accountants LLP issued unmodified limited review conclusions on both.
The filing does not state a reason for the change in other income, the consolidated fall or the standalone rise, and it does not state a dividend for the period.
Consolidated borrowings were ₹356.00 crore at 30 Sep 2026; the filing gives no plan for them.
Filed with BSE on . Reference: Original filing (PDF)
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