Q2 FY27 total income up 56.4% YoY, but margins fall and the quarter ends in a ₹5.08 Cr loss
Total income ₹116.31 Cr vs ₹74.37 Cr, up 56.4% YoY on expanded capacity and new customers.
By ScoutQuest · · 2 min read
- Q2 FY27 Total Income
- ₹116.31 Cr vs ₹74.37 Cr, up 56.4% YoY
- Q2 FY27 PBDIT Margin
- 10.18% vs 15.74%
- Q2 FY27 Loss After Tax
- ₹5.08 Cr, against a profit of ₹2.36 Cr a year earlier
A note that explains the numbers
The company has shared a management note alongside its unaudited results for the quarter ended September 30, 2026. It sets out what drove the revenue, why profitability changed, and what management expects for the full year.
Revenue: strong growth
- Q2 FY27 total income stood at ₹116.31 Cr, against ₹74.37 Cr in Q2 FY26, a year-on-year rise of 56.4%.
- The company links the growth to enhanced production capacities and increased business from new customers.
- H1 FY27 total income was ₹192.02 Cr, against ₹159.76 Cr in H1 FY26, up 20.2%. Production rose 25.8% year on year in the same period.
Profitability: margins under pressure
- Q2 FY27 PBDIT was ₹11.84 Cr against ₹11.71 Cr in Q2 FY26 and is described as flat in absolute terms.
- PBDIT margin was 10.18% in Q2 FY27 against 15.74% in Q2 FY26. The H1 FY27 margin was 8.92% against 15.56% in H1 FY26.
- The company attributes the FY27 margin pressure primarily to steep input cost escalation.
- Higher depreciation (₹9.97 Cr versus ₹3.66 Cr) and finance costs (₹7.15 Cr versus ₹4.70 Cr) took profit before tax to ₹(5.29) Cr.
- The quarter ended in a loss after tax of ₹(5.08) Cr, against a profit after tax of ₹2.36 Cr in Q2 FY26.
What management expects for FY27 (company's own estimates)
- FY27 revenue is expected to grow by approximately 33% over FY26, supported by higher utilisation of expanded capacity and ramp-up of new customer volumes.
- FY27 export revenue is expected to grow by approximately 50% over FY26, with exports projected to contribute around 30% of total revenue.
- Despite a subdued first half, the full-year FY27 PBDIT margin is expected to improve by around 100 basis points year on year, helped by customer price revisions and higher capacity utilisation.
Things a reader should weigh
- The improvement in margin is a management projection, not a reported outcome; the reported trend in the first half is of lower margin.
- The note carries its own disclaimer that the projections are prudent estimates based on unaudited Q2 FY27 results and prevailing business conditions.
- Total income has grown while the bottom line moved into a loss, so revenue growth and profitability are moving in different directions in this quarter.
Also from Synergy Green Industries
Synergy Green Industries schedules conference call with analysts for November 03, 2026 to discuss Q2 FY2026-27
3 Nov 2026
Q2 FY27: revenue rises to Rs. 11,577.84 lakh, standalone loss of Rs. 508.23 lakh; auditor's unmodified opinion
3 Nov 2026
Synergy Green re-submits updated intimation of Q2 FY2026-27 earnings call on November 03, 2026
23 Oct 2026
More numbers
- Q2 FY27 Total Income₹116.31 Cr
- Q2 FY26 Total Income₹74.37 Cr
- Q2 total income YoY growth56.4%
- Q2 FY27 PBDIT₹11.84 Cr
- Q2 FY27 PBDIT margin10.18%
- Q2 FY26 PBDIT margin15.74%
- Q2 FY27 Profit/(Loss) after Tax(5.08)
- H1 FY27 Total Income₹192.02 Cr
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