ELPROINTLElpro International Ltd.
Elpro International Q2 FY27 Results: Consolidated Net Loss ₹36.52 Crore on Total Income of ₹23.05 Crore
- Earnings
- Electrical equipment and real estate
Reviewed byRachit TripathiBlacklitt Research
Elpro International (NSE: ELPROINTL) reported a consolidated net loss of ₹36.52 crore on total income of ₹23.05 crore for the quarter ended 30 Sep 2026, and a standalone net profit of ₹15.03 crore on total income of ₹64.12 crore, it said in a filing on 03 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹23.05 crore, down 65.1% YoY and 89.0% QoQ
- Net profit: Loss of ₹36.52 crore against a loss of ₹87.37 crore a year earlier
- EPS: Basic loss of ₹2.15 per share, not annualised
- Finance costs: ₹30.69 crore, up 16.1% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹64.12 crore, up 10.7% YoY and 14.3% QoQ
- Net profit: ₹15.03 crore against ₹1.35 crore a year earlier
- EPS: Basic ₹0.89 per share, not annualised
- Other income: ₹29.89 crore, 46.6% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 23.05 | 66.02 | -65.1% | 210.05 | -89.0% | |
| Revenue from operations | -6.00 | 53.53 | n/a | 138.70 | n/a |
| Other income | 29.05 | 12.49 | +132.6% | 71.35 | -59.3% |
| -36.52 | -87.37 | +58.2% | 116.14 | n/a | |
| Profit before tax | -55.32 | 3.92 | n/a | 157.27 | n/a |
| Finance costs | 30.69 | 26.42 | +16.1% | 28.84 | +6.4% |
| Depreciation | 1.21 | 1.09 | +11.2% | 1.25 | -2.6% |
| Tax expense | -18.80 | n/a | n/a | n/a | n/a |
| Net profit margin | -158.42% | -132.33% | -26.09 pp | 55.29% | -213.71 pp |
| EPS, basic (₹) | -2.15 | -5.05 | +57.4% | 4.70 | n/a |
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 revenue from operations was negative at ₹-6.00 crore, against ₹53.53 crore a year earlier and ₹138.70 crore in the previous quarter. Other income of ₹29.05 crore is 126.0% of total income, so the group's income this quarter rests mainly on other income.
Finance costs of ₹30.69 crore are 133.1% of total income this quarter. The consolidated loss before tax of ₹55.32 crore compares with a profit of ₹3.92 crore a year earlier. The filing does not state the reason for the consolidated loss before tax.
The tax line is a credit of ₹18.80 crore.
The segment note reports trading activity revenue of ₹(5,230.17) lakh for the quarter. The auditors' review report lists five subsidiaries that were not reviewed by the auditor, and one associate whose financial information was approved and furnished by management and not reviewed by its auditors. The review report does not modify the conclusion.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 64.12 | 57.91 | +10.7% | 56.08 | +14.3% | |
| Revenue from operations | 34.24 | 39.32 | -12.9% | 33.30 | +2.8% |
| Other income | 29.89 | 18.59 | +60.8% | 22.78 | +31.2% |
| 15.03 | 1.35 | n/a | 9.16 | +64.0% | |
| Profit before tax | 17.62 | 2.51 | +601.2% | 10.64 | +65.6% |
| Finance costs | 23.85 | 23.71 | +0.6% | 26.15 | -8.8% |
| Depreciation | 1.53 | 2.65 | -42.1% | 1.52 | +1.0% |
| Tax expense | 2.59 | 1.17 | +121.7% | 1.47 | +75.5% |
| Net profit margin | 23.44% | 2.32% | +21.11 pp | 16.34% | +7.10 pp |
| EPS, basic (₹) | 0.89 | 0.08 | n/a | 0.54 | +64.8% |
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 total income rose 10.7% YoY to ₹64.12 crore, while revenue from operations fell 12.9% to ₹34.24 crore.
Profit before tax of ₹17.62 crore is up 601.2% from ₹2.51 crore a year earlier. Other income of ₹29.89 crore is 169.6% of that profit before tax. Finance costs of ₹23.85 crore are 37.2% of total income and broadly flat YoY, up 0.6%.
Net profit rose to ₹15.03 crore from ₹1.35 crore, and grew 64.0% QoQ, faster than total income. Tax expense of ₹2.59 crore is 14.7% of profit before tax. Depreciation fell 42.1% YoY to ₹1.53 crore.
The filing does not give a reason for this figure.
Quest Academy Limited became a step-down subsidiary during the quarter after its 100% equity stake was acquired by Elpro Realty Private Limited, a wholly-owned subsidiary. The filing says Ind AS 103 was applied and all assets and liabilities were recognised at fair value.
The company says the voluntary delisting offer from BSE, made with IGE (India) Private Limited, Zenox Technology Services Private Limited and the promoters, stands successful and that it is in the process of obtaining final approval from BSE. The company stood delisted from the Calcutta Stock Exchange with effect from 10 Jul 2026.
Inference
The filing states that the company's Board approved the results on 3 Nov 2026, and that Lodha & Co LLP's limited review reports carry no modification. Paid-up equity share capital is ₹16.95 crore at a face value of Re 1 per share.
The filing does not say the reason for the consolidated loss before tax or for the large standalone other comprehensive income, and it does not give the effect of the Quest Academy acquisition on the figures.
Filed with BSE on . Reference: Original filing (PDF)
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