The Anup Engineering Q2 FY27 Results: Consolidated Net Profit ₹6.58 Crore on Total Income of ₹183 Crore
- Earnings
- Engineering products
Reviewed byKeshav SehgalBlacklitt Research
The Anup Engineering (NSE: ANUP) reported total income of ₹183.36 crore on a consolidated basis and ₹168.05 crore standalone for the quarter ended 30 Sep 2026, with net profit of ₹6.58 crore consolidated and ₹9.15 crore standalone, it said in a filing on 06 Nov 2026. Both sets of results were approved by the board on the same day.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹183.36 crore, down 21.2% YoY and up 45.8% QoQ
- Net profit: ₹6.58 crore, down 79.5% YoY from ₹32.05 crore
- EPS: Basic ₹3.29, against ₹16.01 a year earlier
- Exceptional item: Nil in the quarter; past service cost of ₹1.45 crore net of tax booked in the year to 31 Mar 2026
Standalone
The company on its own, without its subsidiaries
- Total income: ₹168.05 crore, down 27.9% YoY and up 41.9% QoQ
- Net profit: ₹9.15 crore, down 71.4% YoY from ₹32.03 crore
- EPS: Basic ₹4.57, against ₹15.99 a year earlier
- Dividend paid: ₹23.58 crore in the half year to 30 Sep 2026, against ₹33.57 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 183.36 | 232.64 | -21.2% | 125.77 | +45.8% | |
| Revenue from operations | 182.40 | 232.28 | -21.5% | 125.25 | +45.6% |
| Other income | 0.96 | 0.36 | +169.4% | 0.52 | +84.3% |
| 6.58 | 32.05 | -79.5% | 0.57 | n/a | |
| Profit before tax | 8.91 | 43.02 | -79.3% | 0.93 | +853.5% |
| Finance costs | 1.85 | 2.10 | -12.0% | 1.62 | +14.5% |
| Depreciation | 7.64 | 6.71 | +13.8% | 7.43 | +2.7% |
| Tax expense | 2.33 | 10.96 | -78.8% | 0.36 | +538.5% |
| Net profit margin | 3.59% | 13.78% | -10.19 pp | 0.45% | +3.14 pp |
| EPS, basic (₹) | 3.29 | 16.01 | -79.5% | 0.28 | n/a |
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 fell 79.5% year on year, more than total income, which fell 21.2%. Profit before tax fell 79.3% to ₹8.91 crore, and tax of ₹2.33 crore is 26.1% of that profit before tax, against ₹10.96 crore a year earlier.
Finance costs of ₹1.85 crore are 1.0% of total income this quarter, down 12.0% from ₹2.10 crore. Depreciation rose 13.8% to ₹7.64 crore, so depreciation now takes a larger share of a smaller revenue base.
The statement includes Mabel Engineers Private Limited, a wholly owned subsidiary. Consolidated net profit of ₹6.58 crore is ₹2.57 crore lower than standalone net profit of ₹9.15 crore, and consolidated total income of ₹183.36 crore is ₹15.31 crore higher than standalone total income of ₹168.05 crore. The filing does not split these differences by entity.
The filing says the Labour Codes past service cost of ₹1.45 crore net of tax is shown as an exceptional item for the year ended 31 Mar 2026, and the exceptional item line is nil for the quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 168.05 | 232.98 | -27.9% | 118.39 | +41.9% | |
| Revenue from operations | 167.12 | 232.64 | -28.2% | 117.89 | +41.8% |
| Other income | 0.93 | 0.33 | +180.3% | 0.50 | +87.1% |
| 9.15 | 32.03 | -71.4% | 1.11 | +725.7% | |
| Profit before tax | 11.60 | 43.00 | -73.0% | 1.21 | +859.3% |
| Finance costs | 1.59 | 2.07 | -23.3% | 1.43 | +10.9% |
| Depreciation | 7.47 | 6.54 | +14.4% | 7.27 | +2.8% |
| Tax expense | 2.45 | 10.98 | -77.7% | 0.10 | n/a |
| Net profit margin | 5.44% | 13.75% | -8.30 pp | 0.94% | +4.51 pp |
| EPS, basic (₹) | 4.57 | 15.99 | -71.4% | 0.55 | +730.9% |
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 fell 71.4% year on year, less than the 73.0% fall in profit before tax, which came to ₹11.60 crore against ₹43.00 crore. Revenue from operations fell 28.2% to ₹167.12 crore, while other income rose 180.3% to ₹0.93 crore, which is 0.6% of total income.
Against the previous quarter, standalone net profit rose 725.7% from ₹1.11 crore, faster than total income, which rose 41.9% from ₹118.39 crore. Tax expense of ₹2.45 crore is 21.1% of profit before tax, compared with ₹10.98 crore a year earlier.
Finance costs fell 23.3% to ₹1.59 crore, or 0.9% of total income, and depreciation rose 14.4% to ₹7.47 crore. Standalone other equity was ₹656.50 crore at 30 Sep 2026, down from ₹666.79 crore at 31 Mar 2026.
Inference
The filing says the board approved the results with an unmodified conclusion from the statutory auditors on both sets of figures. The company has a single operating segment, Engineering Products. Dividend payments in the half year to 30 Sep 2026 were ₹23.58 crore, against ₹33.57 crore a year earlier, and the filing does not give the reason for the change. Standalone net cash from operating activities was ₹65.72 crore for the half year, and consolidated ₹59.30 crore.
The filing does not say why revenue and profit fell sharply from the year-earlier quarter, whether the Labour Codes will add further costs once the remaining rules are notified, or what share count the EPS figures use.
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.
