Siyaram Silk Mills Q2 FY27 Results: Consolidated Net Profit ₹74.50 Crore on Total Income of ₹828 Crore
Earnings
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Blacklitt Research4 min read
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Siyaram Silk Mills (NSE: SIYSIL) reported consolidated total income of ₹828.14 crore and net profit of ₹74.50 crore for the quarter ended 30 Sep 2026, it said in a filing on 27 Oct 2026. Standalone total income was ₹828.02 crore and standalone net profit ₹74.96 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹828.14 crore, up 11.5% YoY and 77.2% QoQ
Net profit and EPS: ₹74.50 crore, down 14.1% YoY; basic EPS ₹16.42
Finance costs: ₹11.98 crore, up 34.7% YoY
Interim dividend: ₹4 per share (200%), record date 31 Oct 2026
Standalone
The company on its own, without its subsidiaries
Total income: ₹828.02 crore, up 11.5% YoY and 77.6% QoQ
Net profit and EPS: ₹74.96 crore, down 13.8% YoY; basic EPS ₹16.52
Finance costs: ₹11.98 crore, up 34.7% YoY
Interim dividend: ₹4 per share (200%), record date 31 Oct 2026
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
828.14
742.83
+11.5%
467.35
+77.2%
Revenue from operations
813.58
705.64
+15.3%
445.66
+82.6%
Other income
14.56
37.19
-60.9%
21.68
-32.9%
74.50
86.70
-14.1%
11.01
+576.6%
Profit before tax
98.72
114.94
-14.1%
14.40
+585.7%
Finance costs
11.98
8.89
+34.7%
7.33
+63.4%
Depreciation
19.96
20.65
-3.3%
18.02
+10.8%
Tax expense
24.22
28.24
-14.2%
3.39
+615.2%
Net profit margin
9.00%
11.67%
-2.68 pp
2.36%
+6.64 pp
EPS, basic (₹)
16.42
19.11
-14.1%
2.43
+575.7%
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.
Total income rose 11.5% YoY, but net profit fell 14.1%, in line with the fall in profit before tax. Revenue from operations grew 15.3%, while other income fell 60.9% to ₹14.56 crore, which is 1.8% of total income.
Other income of ₹14.56 crore is 14.7% of profit before tax of ₹98.72 crore, against ₹37.19 crore in the year-earlier quarter. Tax of ₹24.22 crore is 24.5% of profit before tax, against ₹28.24 crore a year earlier on a larger base.
Finance costs rose 34.7% to ₹11.98 crore, against ₹8.89 crore a year earlier. The statement's finance costs include a provision of ₹2.89 crore for the 9% cumulative dividend on the NCRPS from allotment to 30 Sep 2026, as the notes say.
The quarter carries a one-off residential property project at Dombivali, Thane, with cost of ₹26.51 crore, which the company says is shown within changes in inventories. Net profit of ₹74.50 crore compares with ₹11.01 crore in the previous quarter, when profit before tax was ₹14.40 crore.
The auditors carried out a limited review and reported no modification of their conclusion. Their review carries an emphasis of matter on Cadini S.R.L., a subsidiary with recurring losses that have reduced its net worth; its operations depend on management's business plans and financial support or recapitalisation. The auditors did not review one other subsidiary, whose quarter total income was ₹11.87 lakh and net loss after tax ₹45.37 lakh, and consider it not material.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
828.02
742.72
+11.5%
466.25
+77.6%
Revenue from operations
813.48
705.55
+15.3%
444.57
+83.0%
Other income
14.54
37.16
-60.9%
21.68
-33.0%
74.96
86.98
-13.8%
11.25
+566.3%
Profit before tax
99.17
115.21
-13.9%
14.64
+577.6%
Finance costs
11.98
8.89
+34.7%
7.33
+63.4%
Depreciation
19.89
20.58
-3.4%
17.95
+10.8%
Tax expense
24.22
28.24
-14.2%
3.39
+615.2%
Net profit margin
9.05%
11.71%
-2.66 pp
2.41%
+6.64 pp
EPS, basic (₹)
16.52
19.17
-13.8%
2.48
+566.1%
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 ₹74.96 crore is ₹0.46 crore above consolidated net profit of ₹74.50 crore. Standalone total income of ₹828.02 crore is ₹0.12 crore below consolidated total income.
Standalone net profit fell 13.8% YoY against a 13.9% fall in profit before tax, and basic EPS was ₹16.52 against ₹19.17 a year earlier. Standalone other income of ₹14.54 crore is 14.7% of profit before tax of ₹99.17 crore.
Standalone depreciation was ₹19.89 crore, down 3.4% YoY, and tax of ₹24.22 crore is 24.4% of profit before tax. The company says the NCRPS were allotted as bonus on 25 Aug 2026 and that a general reserve of ₹317.59 crore was utilised for them; they are classified under non-current borrowings.
Inference
The company's interim dividend is ₹4 per share, with a cash outgo of ₹18.15 crore and a record date of 31 Oct 2026, payable on or after 05 Nov 2026. The NCRPS, listed on NSE and BSE with applications made on 30 Sep 2026, are classified as borrowings and carry a 9% cumulative dividend.
The filing does not state the reason for the fall in quarterly profit, the reason for the large movement in inventories and property development costs, the amount of support planned for Cadini S.R.L., or the effect of the NCRPS on future finance costs and cash outflows.
Dinesh Kumar Jaithliya moves to Deputy Chief Financial Officer from 01 Nov 2026, and Cygnus Partners Private Limited becomes the new investor relations advisory company from the same date; the filing gives no reason for the advisory appointment.
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