FTFaze Three530079Quarterly results

Faze Three Q2 FY27 presentation: total income up 29.1% to INR 267.8 Crs, PAT of INR 15.5 Crs

Q2 FY27 total income up 29.1% to INR 267.8 Crs; PAT of INR 15.5 Crs versus a loss of INR 5.2 Crs in Q2 FY26.

By ScoutQuest · Tue 3 Nov 2026, 8:35 PM IST · 2 min read

Q2 FY27 total income

INR 267.82 Crs, up 29.14% year on year

Q2 FY27 PAT

INR 15.46 Crs versus a loss of INR 5.22 Crs a year earlier

FY27 revenue growth guidance

around 20%+ with momentum sustained through FY27 and FY28

Period

Q2 FY27 / TTM Sep 26

Positioning

An order-backed manufacturer of home and technical textiles with INR 1950+ Cr of installed revenue capacity across 8 factories, earning over 90% of revenue from direct exports to US, UK and European retailers.

📉 Q2 FY27 consolidated total income was INR 267.82 Crs, up 29.14% year on year and the highest-ever September quarter, with EBIDTA of INR 35.59 Crs at a 13.29% margin against 2.66% in Q2 FY26 and PAT of INR 15.46 Crs versus a loss of INR 5.22 Crs a year earlier. The presentation attributes the low Q2 FY26 base to a one-time MTM impact on USDINR forwards and the then-prevailing 50% US tariffs on India, and states growth percentages on EBIDTA and profit lines are not comparable; H1 FY27 total…

📉 On an annual basis the deck reports TTM Sep 26 total income of INR 1,012.6 Crs, crossing the INR 1,000 Cr mark at a 22% six-year CAGR, and FY26 total income of INR 932.8 Crs, up 32.92%. FY26 profit after tax fell to INR 33.6 Crs from INR 40.7 Crs in FY25, with FY26 EPS growth printed at -17.38%, while TTM EBIDTA margin recovered to 11.93% from 9.89% in FY26.

💰 Leverage and liquidity have tightened: net debt to equity stands at 0.48 at Sep 26 versus 0.38 in FY25, net debt to EBIDTA at 1.92 versus 1.74, interest coverage at 3.98 versus 4.62, and the current ratio at 2.2 versus 4.8, with short-term borrowings (net) at INR 192.4 Crs against INR 160.7 Crs at Mar 31, 2025. H1 FY27 cash generated from operations was INR 81.7 Crs, aided by an INR 39.7 Crs working-capital release, against investing and fixed-asset outflow of INR 117.6 Crs.

🏭 Management states average utilisation of 52-55% across INR 1,950+ Cr of installed capacity allows revenue to nearly double without significant incremental capex, that FY27 revenue growth should be around 20%+ with momentum sustained through FY27 and FY28, and that the capex cycle concludes in FY27, freeing 40-50% of operating cash flow for expansion, debt reduction or dividends. The company also says PLI approval received on July 1, 2026 should start accruing benefits from FY28 and that H2…

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