Board approves unaudited Q2 and H1 FY27 results; limited review reports no material misstatement
Board meeting held Tuesday, November 03, 2026 (3:00 PM to 4:50 PM) approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2026, along with the Limited Review Report.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2,953.30 | 2,356.49 | +25.3% | 2,290.03 | +29% |
| Total income | 2,953.78 | 2,362.82 | +25% | 2,299.38 | +28.5% |
| Profit before tax | 105.93 | 75.29 | +40.7% | 25.04 | +323% |
| Profit after tax | 100.86 | 51.30 | +96.6% | 19.83 | +409% |
| Total comprehensive income | 100.86 | 51.45 | +96% | 19.83 | +409% |
| Basic EPS | 0.34 | 0.19 | +78.9% | 0.07 | +386% |
- PAT growth YoY / QoQ
- Year ago 51.30 (+96.6%); Prev qtr 19.83 (+409%)
- Period
- Quarter Ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
What the board approved
- The Board met on Tuesday, November 03, 2026, from 3:00 PM to 4:50 PM and approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2026.
- The statutory auditor's Limited Review Report on those results was taken on record, and the results will be made available on the company's website.
What the auditors said
- Parikh & Majmudar, Chartered Accountants, reviewed the standalone and consolidated statements under SRE 2410.
- Their conclusion: nothing came to their attention that causes them to believe the statements contain any material misstatement or fail the required disclosures. That is a clean, unmodified conclusion.
- A limited review gives only moderate assurance and is not a full audit.
- Under "Other Matters" they note that the quarter ended June 30, 2026 and the year ended March 31, 2026 were reviewed/audited by the erstwhile auditor, Pankaj R Shah & Associates, which expressed an unmodified opinion, and their own conclusion is not qualified in respect of this matter.
Standalone results, quarter ended September 30, 2026 (₹ in Million, as printed)
- Revenue from operations: 2,949.75, against 2,332.39 in the same quarter last year.
- Total income: 2,950.43, against 2,338.83.
- Total expenses: 2,843.14, against 2,255.18.
- Profit before tax: 107.29, against 83.65.
- Net Profit for the period: 102.22, against 59.73.
- Basic and diluted earnings per share: 0.35 each, against 0.21.
Half year (April 1, 2026 to September 30, 2026)
- Revenue from operations: 5,238.44, against 4,105.27.
- Total income: 5,248.63, against 4,116.09.
- Net Profit for the period: 122.51, against a loss of (77.09).
- Basic and diluted earnings per share: 0.42 each, against (0.27).
Segment picture (standalone, quarter ended September 30, 2026)
- Medium Density Fiber Board: revenue 2,023.16 and segment result 120.53.
- Laminates & allied products: revenue 893.95 and segment result 72.51.
- Polyvinyl Chloride Board: revenue 103.64 and segment result (0.93).
Balance sheet and cash flow (standalone)
- Total assets 13,484.13; total equity 6,627.80.
- Borrowings: 857.41 non-current and 1,929.25 current.
- Net cash generated from operations for the half year 134.30; net cash used in investing activities 142.77; net cash generated from financing activities 10.67.
- Cash and cash equivalents at close 5.89.
- Paid up equity share capital 293.42, face value Re. 1/- each.
What this means for a retail reader
- This is a quarterly results disclosure: the board's approval of the numbers and the auditor's limited review conclusion are the substance of the outcome.
- The things worth tracking are the year-on-year movement in revenue and net profit, the segment mix (Medium Density Fiber Board is the largest by revenue), and the borrowings shown on the balance sheet.
- Every figure here is printed in ₹ Million, so check the unit before comparing with crore-based numbers you see elsewhere.
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Q2 FY27 press release: highest ever consolidated revenue of Rs. 2,953 Mn, PAT up 96.6% YoY
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Rushil Decor Q2 FY27: consolidated revenue up 25.3% to Rs. 2,953 Mn, PAT up 96.6% to Rs. 101 Mn
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More numbers
- Revenue from operations (standalone), Q2 FY27 (₹ in Million)2,949.75
- Total income (standalone), Q2 FY27 (₹ in Million)2,950.43
- Net Profit for the period (standalone), Q2 FY27 (₹ in Million)102.22
- Net Profit for the period (standalone), Q2 FY26 (₹ in Million)59.73
- Net Profit for the period (standalone), half year ended 30.09.2026 (₹ in Million)122.51
- Net Profit/(Loss) for the period (standalone), half year ended 30.09.2025 (₹ in Million)(77.09)
- Basic earnings per share (standalone), Q2 FY27, face value Re. 1/- each0.35
- Medium Density Fiber Board segment revenue (standalone), Q2 FY27 (₹ in Million)2,023.16
- Total income, latest quarter2,953.78 (₹ in Million)
- Total income, year-ago quarter2,362.82 (₹ in Million)
- Total income, previous quarter2,299.38 (₹ in Million)
- Total comprehensive income, latest quarter100.86 (₹ in Million)
- Total comprehensive income, year-ago quarter51.45 (₹ in Million)
- Total comprehensive income, previous quarter19.83 (₹ in Million)
- Profit after tax, latest quarter100.86 (₹ in Million)
- Profit after tax, year-ago quarter51.30 (₹ in Million)
- Profit after tax, previous quarter19.83 (₹ in Million)
- Revenue from operations, latest quarter2,953.30 (₹ in Million)
- Revenue from operations, year-ago quarter2,356.49 (₹ in Million)
- Revenue from operations, previous quarter2,290.03 (₹ in Million)
- Profit before tax, latest quarter105.93 (₹ in Million)
- Profit before tax, year-ago quarter75.29 (₹ in Million)
- Profit before tax, previous quarter25.04 (₹ in Million)
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