Redtape Q2 FY27 Results: Consolidated Net Profit ₹34.93 Crore on Total Income of ₹489 Crore
- Earnings
- apparel and footwear retail
Reviewed byRachit TripathiBlacklitt Research
Redtape (NSE: REDTAPE) reported total income of ₹488.99 crore and net profit of ₹34.93 crore on a consolidated basis for the quarter ended 30 Sep 2026, and total income of ₹488.39 crore and net profit of ₹35.60 crore standalone. The company's board approved the results on 4 Nov 2026, it said in a filing on 04 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹488.99 crore, down 7.5% YoY and 1.5% QoQ
- Net profit and EPS: ₹34.93 crore, up 26.8% YoY and down 21.5% QoQ; EPS ₹0.63
- Other income: ₹14.15 crore, against ₹36.06 crore a year earlier
- Finance costs: ₹15.94 crore, 3.3% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹488.39 crore, down 7.4% YoY and 1.4% QoQ
- Net profit and EPS: ₹35.60 crore, up 27.3% YoY and down 24.1% QoQ; EPS ₹0.64
- Other income: ₹14.09 crore, against ₹36.12 crore a year earlier
- Depreciation: ₹25.65 crore, up from ₹21.64 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 489 | 528 | -7.5% | 496 | -1.5% | |
| Revenue from operations | 475 | 492 | -3.6% | 481 | -1.3% |
| Other income | 14 | 36 | -60.8% | 15 | -6.5% |
| 35 | 28 | +26.8% | 44 | -21.5% | |
| Profit before tax | 47 | 42 | +13.2% | 60 | -21.7% |
| Finance costs | 16 | 19 | -15.2% | 15 | +9.6% |
| Depreciation | 26 | 22 | +18.3% | 24 | +8.5% |
| Net profit margin | 7.14% | 5.21% | +1.93 pp | 8.96% | -1.82 pp |
| EPS, basic (₹) | 0.63 | 0.50 | +26.0% | 0.80 | -21.3% |
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 rose 26.8% YoY while total income fell 7.5%, so the quarter's profit grew on lower income. Other income of ₹14.15 crore is 29.9% of profit before tax of ₹47.27 crore, and a year earlier other income was ₹36.06 crore, so the year-earlier base carried a much larger non-operating component.
Revenue from operations fell 3.6% YoY to ₹474.84 crore, less than other income, which fell 60.8%. Finance costs of ₹15.94 crore are 3.3% of total income, and depreciation rose to ₹25.74 crore from ₹21.76 crore a year earlier.
Against the previous quarter, net profit fell 21.5% and profit before tax fell 21.7%, while total income fell only 1.5%. The consolidated net profit of ₹34.93 crore is below the standalone figure of ₹35.60 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 488 | 528 | -7.4% | 496 | -1.4% | |
| Revenue from operations | 474 | 491 | -3.5% | 480 | -1.3% |
| Other income | 14 | 36 | -61.0% | 15 | -7.4% |
| 36 | 28 | +27.3% | 47 | -24.1% | |
| Profit before tax | 48 | 42 | +13.6% | 63 | -23.7% |
| Finance costs | 16 | 19 | -15.8% | 15 | +9.0% |
| Depreciation | 26 | 22 | +18.5% | 24 | +8.5% |
| Net profit margin | 7.29% | 5.30% | +1.99 pp | 9.47% | -2.18 pp |
| EPS, basic (₹) | 0.64 | 0.51 | +25.5% | 0.85 | -24.7% |
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 of ₹35.60 crore rose 27.3% YoY, faster than profit before tax, which rose 13.6% to ₹47.94 crore. Other income of ₹14.09 crore is 29.4% of profit before tax, against ₹36.12 crore a year earlier.
Revenue from operations fell 3.5% YoY to ₹474.30 crore. Finance costs fell to ₹15.82 crore from ₹18.78 crore, and depreciation rose to ₹25.65 crore from ₹21.64 crore.
The auditors draw attention to Note 4, which describes income tax search operations at company premises, residences of some directors and residences of some employees in September 2025. The auditors say the consequent impact on the results, if any, is currently not ascertainable pending completion of the search proceedings, and their conclusion is not modified on this matter.
Inference
The filing reports half year standalone net profit of ₹82.52 crore and a dividend paid of ₹110.56 crore in the half year ended 30 Sep 2026 in the cash flow statement. Paid-up equity share capital is ₹110.56 crore at a face value of ₹2 each.
The auditors say the impact of the income tax search is not ascertainable, and the filing gives no amount for it or any outcome of the search proceedings, which a reader would want to know.
Filed with BSE on . Reference: Original filing (PDF)
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