SHRINGARMSShringar House of Mangalsutra Ltd.
Shringar House of Mangalsutra Q2 FY27 Results: Standalone Total Income ₹820 Crore
- Earnings
- Mangalsutra and gold jewellery
Reviewed byRachit TripathiBlacklitt Research
Shringar House of Mangalsutra reported standalone total income of ₹820.29 crore and profit before tax of ₹52.64 crore for the quarter ended 30 Sep 2026, according to a filing on 4 Nov 2026. Total income was up 55.0% from a year earlier.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹820.29 crore, up 55.0% YoY and 49.2% QoQ
- Profit before tax: ₹52.64 crore, up 75.0% YoY and 12.2% QoQ
- EPS, basic: ₹4.09 a share, against ₹2.99 a year earlier, up 36.8%
- Finance costs: ₹2.56 crore, up 24.6% from ₹2.06 crore in Q1 FY27
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 820.29 | 529.34 | +55.0% | 549.84 | +49.2% | |
| Revenue from operations | 818.66 | 528.80 | +54.8% | 548.49 | +49.3% |
| Other income | 1.62 | 0.54 | +202.8% | 1.34 | +20.7% |
| Profit before tax | 52.64 | 30.08 | +75.0% | 46.93 | +12.2% |
| Finance costs | 2.56 | n/a | n/a | 2.06 | +24.6% |
| Depreciation | 1.36 | 0.76 | +78.7% | 1.30 | +4.5% |
| EPS, basic (₹) | 4.09 | 2.99 | +36.8% | 3.53 | +15.9% |
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.
Revenue from operations rose 54.8% year on year to ₹818.66 crore, and other income rose 202.8% to ₹1.62 crore from ₹0.54 crore. Other income is a small part of the total: ₹1.62 crore is 0.2% of total income and 3.1% of profit before tax of ₹52.64 crore.
Profit before tax rose faster than total income, up 75.0% year on year against 55.0% for total income, and up 12.2% from Q1 FY27 when total income rose 49.2%. Depreciation rose 78.7% year on year to ₹1.36 crore.
Finance costs were ₹2.56 crore, up 24.6% from ₹2.06 crore in Q1 FY27. Basic EPS was ₹4.09, against ₹2.99 in Q2 FY26 and ₹3.53 in Q1 FY27.
Inference
The filing says the company completed its initial public offering of 2,43,00,000 equity shares at ₹165 each, aggregating ₹400.92 crore after an employee discount, and that its shares were listed on NSE and BSE from 17 Sep 2025. The IPO working capital requirement is shown as fully utilised as on 30 Sep 2026.
The Audit Committee reviewed the results and the Board approved them on 4 Nov 2026. The statutory auditors, TR Chadha & Co LLP, carried out a limited review and their conclusion is not modified.
The filing does not say what drove the rise in revenue from operations, which a reader would want to know.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.