Faze Three Q2 FY27 Results: Consolidated Net Profit ₹15.46 Crore on Total Income of ₹268 Crore
- Earnings
- Home textiles
Reviewed byRachit TripathiBlacklitt Research
Faze Three (NSE: FAZE3Q) reported consolidated total income of ₹267.82 crore and net profit of ₹15.46 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹251.44 crore and net profit ₹11.74 crore for the same quarter. The year-earlier quarter was a loss on both bases.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹267.82 crore, up 29.2% YoY and 13.9% QoQ
- Net profit and EPS: ₹15.46 crore against a loss of ₹5.20 crore a year earlier; basic EPS ₹6.37
- Finance costs: ₹5.78 crore, up 26.8% YoY
- Half year revenue: ₹493.97 crore from operations, against ₹418.95 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹251.44 crore, up 24.9% YoY and 14.6% QoQ
- Net profit and EPS: ₹11.74 crore against a loss of ₹4.36 crore a year earlier; basic EPS ₹4.84
- Finance costs: ₹4.94 crore, up 12.5% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 267.82 | 207.22 | +29.2% | 235.10 | +13.9% | |
| Revenue from operations | 264.58 | 206.98 | +27.8% | 229.39 | +15.3% |
| Other income | 3.24 | 0.24 | n/a | 5.71 | -43.3% |
| 15.46 | -5.20 | n/a | 9.64 | +60.4% | |
| Profit before tax | 20.97 | -6.65 | n/a | 13.38 | +56.7% |
| Finance costs | 5.78 | 4.56 | +26.8% | 5.64 | +2.5% |
| Depreciation | 8.85 | 7.66 | +15.5% | 8.07 | +9.7% |
| Tax expense | 5.51 | -1.45 | n/a | 3.74 | +47.3% |
| Net profit margin | 5.77% | -2.51% | +8.28 pp | 4.10% | +1.67 pp |
| EPS, basic (₹) | 6.37 | -2.14 | n/a | 3.96 | +60.9% |
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.
Income and profit both moved up sharply from the year-earlier quarter. Total income rose 29.2% to ₹267.82 crore, and revenue from operations rose 27.8% to ₹264.58 crore. Profit before tax moved from a loss of ₹6.65 crore to a profit of ₹20.97 crore, and net profit from a loss of ₹5.20 crore to ₹15.46 crore.
Set against income, the costs below the operating line were modest. Finance costs of ₹5.78 crore are 2.2% of total income this quarter, and depreciation of ₹8.85 crore rose 15.5% YoY. Other income of ₹3.24 crore is 15.5% of profit before tax of ₹20.97 crore, and tax of ₹5.51 crore is 26.3% of profit before tax.
Net profit rose 60.4% QoQ, faster than total income at 13.9%. The filing gives no reason for the swing from loss to profit.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 251.44 | 201.35 | +24.9% | 219.49 | +14.6% | |
| Revenue from operations | 247.34 | 200.56 | +23.3% | 212.84 | +16.2% |
| Other income | 4.10 | 0.79 | +419.0% | 6.65 | -38.3% |
| 11.74 | -4.36 | n/a | 8.77 | +33.9% | |
| Profit before tax | 16.17 | -5.81 | n/a | 11.64 | +38.9% |
| Finance costs | 4.94 | 4.39 | +12.5% | 4.77 | +3.6% |
| Depreciation | 8.24 | 7.15 | +15.2% | 7.48 | +10.2% |
| Tax expense | 4.43 | -1.45 | n/a | 2.87 | +54.4% |
| Net profit margin | 4.67% | -2.17% | +6.83 pp | 4.00% | +0.67 pp |
| EPS, basic (₹) | 4.84 | -1.80 | n/a | 3.61 | +34.1% |
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.
Standalone total income rose 24.9% YoY to ₹251.44 crore and net profit moved from a loss of ₹4.36 crore to ₹11.74 crore. Revenue from operations rose 23.3% to ₹247.34 crore, while other income rose from ₹0.79 crore to ₹4.10 crore.
Standalone other income of ₹4.10 crore is 25.4% of profit before tax of ₹16.17 crore, and standalone tax of ₹4.43 crore is 27.4% of that profit before tax. Finance costs of ₹4.94 crore are 2.0% of total income.
Consolidated net profit of ₹15.46 crore is ₹3.72 crore higher than standalone net profit of ₹11.74 crore. The consolidated figures include Faze Three US LLC and Mats and More Private Limited as wholly owned subsidiaries, along with the employee trust.
The company is engaged in manufacturing and exports of home textiles, such as bathmats, rugs, blankets, throws and cushions, and it operates in one reportable segment. The auditor MSKA & Associates issued a limited review report with an unmodified conclusion. Previous period figures were regrouped or reclassified where necessary.
The company granted 3,31,154 stock options under the Faze Three Employee Stock Option Scheme 2024 in the half year, and issued 2,78,840 equity shares to the employee trust at ₹10 face value in the quarter. Consolidated share-based payment expense for the half year is ₹2.77 crore. The filing does not say whether these will change the share count materially.
Inference
The filing sets out the company's share capital as ₹24.60 crore at ₹10 face value per share as at 30 Sep 2026, and consolidated total assets of ₹952.32 crore. The auditor did not review the interim results of one subsidiary, whose total assets are ₹72.83 crore.
The filing does not give a reason for the change from a loss to a profit, any dividend, or any outlook for coming quarters.
Filed with BSE on . Reference: Original filing (PDF)
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