ICILIndo Count Industries Ltd.
Indo Count Industries Q2 FY27 Results: Consolidated Net Profit ₹132 Crore on Total Income of ₹1,699 Crore
- Earnings
- Textiles
Reviewed byRachit TripathiBlacklitt Research
Indo Count Industries (NSE: ICIL) reported consolidated total income of ₹1,698.89 crore and net profit of ₹131.88 crore for the quarter ended 30 Sep 2026, it said in a filing on 04 Nov 2026. Standalone total income was ₹1,167.25 crore and standalone net profit was ₹124.15 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,698.89 crore, up 57.1% YoY and 38.8% QoQ
- Net profit and EPS: ₹131.88 crore, up 237.9% YoY; basic EPS ₹6.66
- Exceptional items: Flood-related inventory loss of ₹45.02 crore offset by ₹45.02 crore insurance claim, netting to nil
- Finance costs: ₹36.61 crore, up 15.1% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,167.25 crore, up 37.3% YoY and 39.0% QoQ
- Net profit and EPS: ₹124.15 crore, up 193.7% YoY; basic EPS ₹6.27
- Exceptional items: Flood-related inventory loss of ₹45.02 crore offset by ₹45.02 crore insurance claim, netting to nil
- Finance costs: ₹22.62 crore, up 1.4% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,698.89 | 1,081.56 | +57.1% | 1,224.01 | +38.8% | |
| Revenue from operations | 1,672.65 | 1,062.14 | +57.5% | 1,206.96 | +38.6% |
| Other income | 26.24 | 19.43 | +35.1% | 17.05 | +53.9% |
| 131.88 | 39.03 | +237.9% | 63.22 | +108.6% | |
| Profit before tax | 176.27 | 52.06 | +238.6% | 83.51 | +111.1% |
| Finance costs | 36.61 | 31.82 | +15.1% | 31.56 | +16.0% |
| Depreciation | 46.37 | 39.20 | +18.3% | 45.34 | +2.3% |
| Tax expense | 44.40 | 13.03 | +240.7% | 20.29 | +118.9% |
| Net profit margin | 7.76% | 3.61% | +4.15 pp | 5.17% | +2.60 pp |
| EPS, basic (₹) | 6.66 | 1.97 | +238.1% | 3.19 | +108.8% |
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.
Net profit grew far faster than income. Consolidated net profit rose 237.9% YoY against 57.1% growth in total income, and profit before tax rose 238.6%.
Other income of ₹26.24 crore is 1.5% of total income and 14.9% of profit before tax of ₹176.27 crore. Tax expense of ₹44.40 crore is 25.2% of profit before tax, against ₹13.03 crore a year earlier on ₹52.06 crore of profit before tax.
Finance costs of ₹36.61 crore are 2.2% of total income, up 15.1% YoY, a slower rise than depreciation of ₹46.37 crore, which was up 18.3%. The quarter's exceptional items are shown in the filing as a flood-related inventory loss of ₹45.02 crore offset by an equal insurance claim, so they net to nil in the reported profit.
The consolidated figures include one subsidiary with four step-down subsidiaries reviewed by another auditor, and three unreviewed subsidiaries that management judges not material. Consolidated net profit of ₹131.88 crore is ₹7.73 crore above standalone net profit of ₹124.15 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,167.25 | 850.29 | +37.3% | 839.72 | +39.0% | |
| Revenue from operations | 1,138.66 | 827.96 | +37.5% | 819.44 | +39.0% |
| Other income | 28.58 | 22.32 | +28.0% | 20.29 | +40.9% |
| 124.15 | 42.27 | +193.7% | 66.78 | +85.9% | |
| Profit before tax | 166.33 | 57.11 | +191.3% | 90.87 | +83.0% |
| Finance costs | 22.62 | 22.30 | +1.4% | 18.77 | +20.5% |
| Depreciation | 24.72 | 23.44 | +5.5% | 24.19 | +2.2% |
| Tax expense | 42.18 | 14.84 | +184.3% | 24.09 | +75.1% |
| Net profit margin | 10.64% | 4.97% | +5.66 pp | 7.95% | +2.68 pp |
| EPS, basic (₹) | 6.27 | 2.13 | +194.4% | 3.37 | +86.1% |
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 net profit rose 193.7% YoY, faster than total income of 37.3% growth, and 85.9% QoQ. Standalone profit before tax of ₹166.33 crore compares with ₹57.11 crore a year earlier, and tax expense of ₹42.18 crore is 25.4% of that profit before tax.
Other income of ₹28.58 crore is 2.4% of standalone total income and 17.2% of profit before tax. Standalone finance costs of ₹22.62 crore are 1.9% of total income, and only 1.4% higher than a year earlier, against a 37.3% rise in total income.
Standalone net profit margin was 10.64%, against 4.97% a year earlier and 7.95% in the previous quarter. Standalone depreciation of ₹24.72 crore was up 5.5% YoY.
Inference
The filing reports a final dividend payment of ₹29.71 crore in the half year, against ₹39.61 crore in the prior year half year, and states that the Labour Codes added past service costs of ₹8.82 crore for gratuity and ₹78.78 lakh for compensated absences in FY26. The filing also records ₹12.82 crore of interest on a delayed IGST refund within FY26 finance costs.
The Bhilad insurance claim is not yet final: the insurer has approved an interim payment of ₹14.99 crore, and the filing does not quantify the business interruption losses it says are covered. The filing does not say when the final claim will be settled or how much it will be, and the reason for the quarter's rise in revenue and profit is not stated.
Filed with BSE on . Reference: Original filing (PDF)
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