KWILKwality Wall's (India) Ltd.
Kwality Wall's (India) Q2 FY27 Results: Standalone Net Loss ₹17.20 Crore on Total Income of ₹467 Crore
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Reviewed byKeshav SehgalBlacklitt Research
Kwality Wall's (India) (NSE: KWIL) said in a filing on 6 Nov 2026 that its standalone total income for the quarter ended 30 Sep 2026 was ₹467.20 crore and its net loss was ₹17.20 crore.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹467.20 crore, up 45.2% YoY and down 46.9% QoQ
- Net profit and EPS: Net loss of ₹17.20 crore against ₹100.20 crore a year earlier; basic loss per share of ₹0.07
- Finance costs: ₹10.80 crore, against ₹5.30 crore a year earlier
- Exceptional items: ₹70 lakh of establishment cost, described in Note 4
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 467.20 | 321.70 | +45.2% | 879.80 | -46.9% | |
| Other income | 3.60 | n/a | n/a | 1.50 | +140.0% |
| -17.20 | -100.20 | +82.8% | 50.70 | n/a | |
| Profit before tax | -25.20 | -99.40 | +74.6% | 67.70 | n/a |
| Finance costs | 10.80 | 5.30 | +103.8% | 10.40 | +3.8% |
| Depreciation | 40.90 | 35.50 | +15.2% | 40.30 | +1.5% |
| Tax expense | -8.00 | 0.80 | n/a | 17.00 | n/a |
| Net profit margin | -3.68% | -31.15% | +27.47 pp | 5.76% | -9.44 pp |
| EPS, basic (₹) | -0.07 | -0.43 | +83.7% | 0.22 | 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.
The loss narrowed. The standalone net loss was ₹17.20 crore against ₹100.20 crore a year earlier, a narrowing of 82.8%, while total income rose 45.2% to ₹467.20 crore from ₹321.70 crore. The loss narrowing was the faster change of the two.
Loss before tax was ₹25.20 crore, against ₹99.40 crore a year earlier. The exceptional item this quarter was ₹70 lakh, which Note 4 describes as establishment cost. Finance costs were ₹10.80 crore, against ₹5.30 crore a year earlier.
Depreciation and amortisation was ₹40.90 crore, against ₹35.50 crore a year earlier. Other income was ₹3.60 crore this quarter.
Against the June quarter, total income fell 46.9% from ₹879.80 crore, and net profit was ₹50.70 crore in that quarter. For the six months ended 30 Sep 2026, total income was ₹1,347.00 crore and profit before tax was ₹42.50 crore, against a loss before tax in the same six months a year earlier.
Inference
The filing says the board approved the results on 6 Nov 2026, and that the statutory auditor, Walker Chandiok & Co LLP, issued an unmodified conclusion on the statement after a limited review. The comparative figures for the quarter ended 30 Sep 2025 were certified by management and were not reviewed or audited.
The balance sheet shows non-current borrowings at 30 Sep 2026 and no current borrowings, against current borrowings at 31 Mar 2026. Cash and cash equivalents rose ₹200.40 crore to ₹214.40 crore, and inventories fell ₹165.70 crore to ₹137.60 crore over the same period. The filing does not say why cash rose or inventories fell.
On 30 Oct 2026 the company informed the exchanges of a change in directors and of the appointment of Tahir Toloy Tanridagli as MD and CEO effective 1 Nov 2026.
Filed with BSE on . Reference: Original filing (PDF)
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