NRAILNR Agarwal Industries Ltd.
NR Agarwal Industries Q2 FY27 Results: Standalone Net Profit ₹30.94 Crore on Total Income of ₹672 Crore
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Reviewed byRachit TripathiBlacklitt Research
NR Agarwal Industries (NSE: NRAIL) reported standalone total income of ₹671.93 crore and a net profit of ₹30.94 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹671.93 crore, up 29.5% YoY and 2.9% QoQ
- Net profit and EPS: ₹30.94 crore; basic EPS ₹18.18, not annualised
- Finance costs: ₹15.55 crore, down 8.3% YoY and 5.5% QoQ
- Year-ago exceptional item: Loss on assets discarded of ₹4.44 crore in the year-ago quarter
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 671.93 | 518.85 | +29.5% | 652.73 | +2.9% | |
| Revenue from operations | 668.81 | 524.68 | +27.5% | 646.96 | +3.4% |
| Other income | 3.12 | -5.83 | n/a | 5.77 | -45.9% |
| 30.94 | -1.47 | n/a | 34.98 | -11.5% | |
| Profit before tax | 42.36 | -0.32 | n/a | 45.76 | -7.4% |
| Finance costs | 15.55 | 16.95 | -8.3% | 16.44 | -5.5% |
| Depreciation | 18.21 | 10.94 | +66.4% | 17.85 | +2.0% |
| Tax expense | 11.42 | 1.15 | +893.3% | 10.79 | +5.9% |
| Net profit margin | 4.60% | -0.28% | +4.89 pp | 5.36% | -0.75 pp |
| EPS, basic (₹) | 18.18 | -0.87 | n/a | 20.55 | -11.5% |
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.
Profit moved against income this quarter: total income rose 2.9% from the June quarter, while net profit fell 11.5% to ₹30.94 crore. Profit before tax fell from ₹45.76 crore to ₹42.36 crore, and tax expense rose 5.9% to ₹11.42 crore, which is 27.0% of profit before tax.
The year-on-year comparison is against a weak base. The year-ago quarter had a net loss of ₹1.47 crore after an exceptional loss on assets discarded of ₹4.44 crore, shown before tax. Depreciation rose 66.4% to ₹18.21 crore against ₹10.94 crore a year earlier, and the filing does not give the reason for the change.
Other income of ₹3.12 crore is 7.4% of profit before tax this quarter, down from ₹5.77 crore in the June quarter. Finance costs of ₹15.55 crore are 2.3% of total income, a smaller share than the year-ago quarter's finance costs of ₹16.95 crore set against a much smaller income base.
Inference
The filing states that the board approved the unaudited results on 03 Nov 2026 and that the statutory auditors gave an unmodified conclusion on the limited review. Paid-up equity share capital is ₹17.02 crore at face value of ₹10 each, and dividends paid in the half year were ₹3.40 crore per the cash flow statement.
The filing does not state the reason for the year-ago exceptional loss, the reason for the change in revenue from operations, or whether any dividend has been declared for the current period.
Filed with BSE on . Reference: Original filing (PDF)
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