SBC Exports Q2 FY27 Results: Consolidated Net Profit ₹11.38 Crore on Total Income of ₹169 Crore

Earnings
Textiles

Blacklitt Research15 October 20262 min read

A cotton mill spinning room with long rows of machines, in an old photograph — Art Photo Greeting Co., via Wikimedia Commons (public domain). Illustrative image.

SBC Exports reported consolidated total income of ₹169.47 crore and net profit of ₹11.38 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹143.39 crore and net profit was ₹10.80 crore.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹169 crore, up 91.3% YoY, up 35.7% QoQ
Net profit: ₹11.38 crore, up 0.1% YoY, up 18.5% QoQ
EPS: ₹0.24, against ₹0.24 in Q2 FY26
Finance costs: ₹3.98 crore, up 65.8% YoY

Standalone

The company on its own, without its subsidiaries

Total income: ₹143 crore, up 110.6% YoY, up 30.6% QoQ
Net profit: ₹10.80 crore, up 2.9% YoY, up 14.5% QoQ
EPS: ₹0.23, against ₹0.22 in Q2 FY26
Net profit margin: 7.53%, against 15.42% a year earlier

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	169.47	88.60	+91.3%	124.85	+35.7%
Revenue from operations	164.32	84.69	+94.0%	121.08	+35.7%
Other income	5.15	3.91	+31.7%	3.77	+36.6%
	11.38	11.37	+0.1%	9.60	+18.5%
Finance costs	3.98	2.40	+65.8%	3.63	+9.6%
Depreciation	0.57	0.41	+39.0%	0.50	+14.0%
Tax expense	4.04	0.00	n/a	3.15	+28.3%
Net profit margin	6.72%	12.83%	-6.12 pp	7.69%	-0.97 pp
Tax as share of profit before tax	26.2%	0.0%	+26.20 pp	24.7%	+1.49 pp
EPS, basic (₹)	0.24	0.24	0.0%	0.20	+20.0%

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.

Revenue nearly doubled but profit did not move, and the reason is tax. Consolidated revenue from operations rose 94.0% to ₹164.32 crore, and net profit was ₹11.38 crore against ₹11.37 crore. A year ago the tax charge was nil, and this quarter it is ₹4.04 crore, 26.2% of profit before tax. Profit before tax therefore rose about 36%, from ₹11.37 crore to ₹15.42 crore (derived), on revenue up 94%.

Finance costs rose 65.8% to ₹3.98 crore, faster than profit before tax, and the margin fell to 6.72% from 12.83%. The group's revenue is about 19% higher than the standalone figure (derived), so subsidiaries add revenue but little profit: consolidated profit is ₹0.58 crore above standalone.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	143.39	68.09	+110.6%	109.80	+30.6%
Revenue from operations	138.31	64.82	+113.4%	106.04	+30.4%
Other income	5.08	3.27	+55.4%	3.76	+35.1%
	10.80	10.50	+2.9%	9.43	+14.5%
Finance costs	3.60	2.27	+58.6%	3.49	+3.2%
Depreciation	0.41	0.30	+36.7%	0.35	+17.1%
Tax expense	3.92	0.00	n/a	3.12	+25.6%
Net profit margin	7.53%	15.42%	-7.89 pp	8.59%	-1.06 pp
Tax as share of profit before tax	26.6%	0.0%	+26.63 pp	24.9%	+1.75 pp
EPS, basic (₹)	0.23	0.22	+4.5%	0.20	+15.0%

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 revenue from operations more than doubled, up 113.4% to ₹138.31 crore, while net profit rose 2.9% to ₹10.80 crore. As with the group, the year-earlier quarter had no tax charge, so profit before tax is about ₹14.72 crore against ₹10.50 crore (+40%, derived). Against Q1 FY27 revenue rose 30.4% and profit 14.5%.

For H1 FY27 standalone revenue is ₹244.35 crore against ₹126.18 crore. The filing's text was not legible enough to check the profit lines, exceptional items and cash flow against the stored results, so no claim about them is made here; the figures in the tables are those stored for the filing.

Inference

SBC Exports' revenue growth has been strong, but after the year-earlier nil tax charge it has not reached net profit: the margin is about half of last year's.

The filing does not say what drove the revenue, and the profit lines could not be fully checked against its scanned pages.

Reference: Original filing (PDF)

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SBC Exports Q2 FY27 Results: Consolidated Net Profit ₹11.38 Crore on Total Income of ₹169 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

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