MAYURUNIQMayur Uniquoters Ltd.
Mayur Uniquoters Q2 FY27 Results: Consolidated Net Profit ₹57.99 Crore on Total Income of ₹292 Crore
- Earnings
- synthetic leather
Reviewed byKeshav SehgalBlacklitt Research
Mayur Uniquoters Limited reported consolidated total income of ₹292.06 crore and net profit of ₹57.99 crore for the quarter ended 30 Sep 2026. On a standalone basis the figures were ₹261.87 crore of total income and ₹51.27 crore of net profit.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹292.06 crore, up 15.4% YoY and 0.0% QoQ
- Net profit and EPS: ₹57.99 crore, up 42.0% YoY; basic EPS ₹13.35 against ₹9.40
- Other income: ₹9.11 crore, down 29.0% YoY and 60.3% QoQ
- Tax expense: ₹21.32 crore, 26.9% of profit before tax
Standalone
The company on its own, without its subsidiaries
- Total income: ₹261.87 crore, up 4.5% YoY and down 2.9% QoQ
- Net profit and EPS: ₹51.27 crore, up 6.6% YoY; basic EPS ₹11.80 against ₹11.07
- Dividend paid: ₹25.76 crore year to date to 30 Sep 2026, against ₹21.39 crore a year earlier
- Tax expense: ₹19.19 crore, 27.2% of profit before tax
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 292.06 | 253.15 | +15.4% | 292.19 | 0.0% | |
| Revenue from operations | 282.95 | 240.31 | +17.7% | 269.23 | +5.1% |
| Other income | 9.11 | 12.84 | -29.0% | 22.96 | -60.3% |
| 57.99 | 40.84 | +42.0% | 56.12 | +3.3% | |
| Profit before tax | 79.31 | 55.61 | +42.6% | 74.12 | +7.0% |
| Finance costs | 0.24 | 0.33 | -27.4% | 0.26 | -7.6% |
| Depreciation | 7.53 | 7.39 | +2.0% | 7.53 | +0.1% |
| Tax expense | 21.32 | 14.77 | +44.4% | 18.00 | +18.5% |
| Net profit margin | 19.86% | 16.13% | +3.72 pp | 19.21% | +0.65 pp |
| EPS, basic (₹) | 13.35 | 9.40 | +42.0% | 12.92 | +3.3% |
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 faster than income. Consolidated net profit rose 42.0% YoY, faster than total income's 15.4% rise, though slightly slower than the 42.6% rise in profit before tax.
Other income is a small share of the quarter's total. At ₹9.11 crore it is 3.1% of total income and 11.5% of profit before tax of ₹79.31 crore. In the quarter ended 30 Jun 2026 it was ₹22.96 crore.
Tax expense of ₹21.32 crore is 26.9% of profit before tax of ₹79.31 crore. Revenue from operations rose 17.7% YoY to ₹282.95 crore, and the consolidated net profit margin was 19.86%.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 261.87 | 250.53 | +4.5% | 269.71 | -2.9% | |
| Revenue from operations | 252.99 | 237.76 | +6.4% | 247.03 | +2.4% |
| Other income | 8.87 | 12.77 | -30.5% | 22.68 | -60.9% |
| 51.27 | 48.10 | +6.6% | 58.95 | -13.0% | |
| Profit before tax | 70.46 | 68.63 | +2.7% | 77.79 | -9.4% |
| Finance costs | 0.17 | 0.28 | -40.2% | 0.22 | -21.1% |
| Depreciation | 7.49 | 7.35 | +1.9% | 7.49 | +0.1% |
| Tax expense | 19.19 | 20.53 | -6.5% | 18.84 | +1.9% |
| Net profit margin | 19.58% | 19.20% | +0.38 pp | 21.86% | -2.28 pp |
| EPS, basic (₹) | 11.80 | 11.07 | +6.6% | 13.57 | -13.0% |
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 6.6% YoY to ₹51.27 crore. That was faster than the 4.5% rise in total income and the 2.7% rise in profit before tax.
Against the quarter ended 30 Jun 2026, standalone net profit fell 13.0% from ₹58.95 crore, more than the 2.9% fall in total income. Other income of ₹8.87 crore is 3.4% of total income and 12.6% of profit before tax of ₹70.46 crore.
Standalone tax expense of ₹19.19 crore is 27.2% of profit before tax of ₹70.46 crore. Revenue from operations rose 6.4% YoY to ₹252.99 crore, while other income fell 30.5%.
Inference
The board approved an investment of up to ₹1.91 crore to subscribe to 26% of the equity of Bhadla Mini Grid Solar 6 Pvt. Ltd, which the board letter calls an associate company. Annexure I says the consideration is cash, completion is expected in about 3 months, the target was incorporated on 25 Aug 2026, the transaction is not a related party transaction, and the stated objective is to optimise power cost and meet green energy needs.
Dividends paid in the year to date to 30 Sep 2026 were ₹25.76 crore, against ₹21.39 crore a year earlier. Standalone non-current investments were ₹182.88 crore at 30 Sep 2026, against ₹108.07 crore at 31 Mar 2026.
Walker Chandiok & Co LLP issued a limited review report on both sets of results and reported that nothing had come to its attention that the statements contain a material misstatement; for the consolidated results it relied on other auditors' reports for subsidiaries with total assets of ₹236.93 crore. The filing does not give the reason for the fall in other income or for the rise in non-current investments.
Filed with BSE on . Reference: Original filing (PDF)
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