PIXTRANSPix Transmissions Ltd.
Pix Transmissions Q2 FY27 Results: Consolidated Net Profit ₹32.69 Crore on Total Income of ₹165 Crore
- Earnings
- Industrial rubber products
Reviewed byRachit TripathiBlacklitt Research
Pix Transmissions reported consolidated total income of ₹165.15 crore and net profit of ₹32.69 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹152.36 crore and net profit of ₹29.53 crore, it said in a filing on 06 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹165.15 crore, up 15.0% YoY and down 6.5% QoQ
- Net profit and EPS: ₹32.69 crore, up 38.8% YoY; basic EPS ₹23.99
- Other income: ₹3.61 crore, down 24.5% YoY and 86.8% QoQ
- Tax expense: ₹11.43 crore, 25.9% of profit before tax of ₹44.11 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹152.36 crore, up 16.6% YoY and down 5.9% QoQ
- Net profit and EPS: ₹29.53 crore, up 55.1% YoY; basic EPS ₹21.67
- Other income: ₹3.45 crore, down 28.8% YoY
- Finance costs: ₹0.54 crore, down 24.4% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 165.15 | 143.58 | +15.0% | 176.67 | -6.5% | |
| Revenue from operations | 161.53 | 138.79 | +16.4% | 149.25 | +8.2% |
| Other income | 3.61 | 4.79 | -24.5% | 27.42 | -86.8% |
| 32.69 | 23.54 | +38.8% | 52.75 | -38.0% | |
| Profit before tax | 44.11 | 32.44 | +36.0% | 66.64 | -33.8% |
| Finance costs | 0.54 | 0.72 | -24.4% | 0.61 | -10.3% |
| Depreciation | 5.95 | 5.99 | -0.7% | 5.83 | +2.1% |
| Tax expense | 11.43 | 8.90 | +28.5% | 13.89 | -17.7% |
| Net profit margin | 19.79% | 16.40% | +3.39 pp | 29.86% | -10.06 pp |
| EPS, basic (₹) | 23.99 | 17.28 | +38.8% | 38.71 | -38.0% |
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.
Consolidated net profit grew faster than income. Net profit rose 38.8% to ₹32.69 crore while total income rose 15.0% to ₹165.15 crore. Revenue from operations, at ₹161.53 crore, rose 16.4%, while other income of ₹3.61 crore fell 24.5% and made up 2.2% of total income.
Tax took 25.9% of profit before tax of ₹44.11 crore this quarter. In the quarter a year earlier, tax of ₹8.90 crore on profit before tax of ₹32.44 crore was a 27.4% share, so the tax share is lower this quarter.
Against the previous quarter, total income fell 6.5% from ₹176.67 crore and net profit fell 38.0% from ₹52.75 crore. The previous quarter carried other income of ₹27.42 crore, against ₹3.61 crore now. The consolidated results include PIX Middle East FZC, PIX Middle East Trading LLC, PIX Transmissions Europe Limited and PIX Germany GmbH, and consolidated net profit of ₹32.69 crore is ₹3.16 crore above standalone net profit of ₹29.53 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 152.36 | 130.65 | +16.6% | 161.84 | -5.9% | |
| Revenue from operations | 148.91 | 125.81 | +18.4% | 134.53 | +10.7% |
| Other income | 3.45 | 4.84 | -28.8% | 27.31 | -87.4% |
| 29.53 | 19.04 | +55.1% | 48.29 | -38.8% | |
| Profit before tax | 39.98 | 26.74 | +49.5% | 60.82 | -34.3% |
| Finance costs | 0.54 | 0.72 | -24.4% | 0.61 | -10.3% |
| Depreciation | 5.86 | 5.86 | 0.0% | 5.74 | +2.2% |
| Tax expense | 10.45 | 7.70 | +35.6% | 12.53 | -16.6% |
| Net profit margin | 19.38% | 14.57% | +4.81 pp | 29.84% | -10.45 pp |
| EPS, basic (₹) | 21.67 | 13.97 | +55.1% | 35.44 | -38.9% |
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.
Standalone net profit rose 55.1% YoY, faster than total income (up 16.6%) and profit before tax (up 49.5%). Revenue from operations rose 18.4% to ₹148.91 crore, while other income fell 28.8% to ₹3.45 crore.
The standalone other income line carries a fair value adjustment on investments. The filing says other expenses in the quarter include a FVTPL adjustment on investments of ₹2.18 crore, compared with ₹25.29 crore of income recognised as other income in the quarter ended 30 Jun 2026. For the half year, the FVTPL adjustment in other income was ₹23.12 crore, against ₹7.84 crore a year earlier.
Standalone tax expense of ₹10.45 crore is 26.1% of profit before tax of ₹39.98 crore, against 28.8% a year earlier on the same basis, when tax was ₹7.70 crore on profit before tax of ₹26.74 crore.
Inference
The auditors carried out a limited review of both the standalone and consolidated statements and expressed an unmodified conclusion. For the consolidated statement, the auditor notes that the interim information of two subsidiaries was reviewed by another auditor or furnished by management.
On 28 Oct 2026 the company reported the demise of Abhilasha Chandrashekhar Hattangdi, a non-executive independent director. The results filing does not state a dividend for the quarter, and it does not give a reason for the change in other income from the previous quarter.
Filed with BSE on . Reference: Original filing (PDF)
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