Faze Three Q2 FY27 Net Profit Rises to ₹11.74 Crore

Board Meeting Details

The Board of Directors meeting was held on November 03, 2026, commencing at 05:00 PM (IST) and concluding at 05:39 PM (IST). The Board considered and approved the Un-Audited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026.

Auditor Review

The financial results were reviewed by M/s. MSKA & Associates, the Statutory Auditors of the Company, who issued an unmodified conclusion on both standalone and consolidated results.

Standalone Financial Performance (in ₹ Crores)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

Revenue from operations: ₹247.34 (vs ₹200.56 in Q2 FY25)
Other income: ₹4.10 (vs ₹0.79 in Q2 FY25)
Total Income: ₹251.44 (vs ₹201.35 in Q2 FY25)
Profit before tax: ₹16.17 (vs loss of ₹5.81 in Q2 FY25)
Tax expense: ₹4.43 (vs tax credit of ₹1.45 in Q2 FY25)
Profit for the period: ₹11.74 (vs loss of ₹4.36 in Q2 FY25)
Basic EPS: ₹4.84 (vs loss of ₹1.80 in Q2 FY25)
Diluted EPS: ₹4.80 (vs loss of ₹1.80 in Q2 FY25)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

Revenue from operations: ₹460.18 (vs ₹405.28 in H1 FY25)
Other income: ₹10.75 (vs ₹5.52 in H1 FY25)
Total Income: ₹470.93 (vs ₹410.80 in H1 FY25)
Profit before tax: ₹27.81 (vs ₹11.21 in H1 FY25)
Tax expense: ₹7.30 (vs ₹2.81 in H1 FY25)
Profit for the period: ₹20.51 (vs ₹8.40 in H1 FY25)
Basic EPS: ₹8.45 (vs ₹3.46 in H1 FY25)
Diluted EPS: ₹8.42 (vs ₹3.46 in H1 FY25)

Consolidated Financial Performance (in ₹ Crores)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

Revenue from operations: ₹264.58 (vs ₹206.98 in Q2 FY25)
Other income: ₹3.24 (vs ₹0.24 in Q2 FY25)
Total Income: ₹267.82 (vs ₹207.22 in Q2 FY25)
Profit before tax: ₹20.97 (vs loss of ₹6.65 in Q2 FY25)
Tax expense: ₹5.51 (vs tax credit of ₹1.45 in Q2 FY25)
Profit for the period: ₹15.46 (vs loss of ₹5.20 in Q2 FY25)
Basic EPS: ₹6.37 (vs loss of ₹2.14 in Q2 FY25)
Diluted EPS: ₹6.33 (vs loss of ₹2.14 in Q2 FY25)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

Revenue from operations: ₹493.97 (vs ₹418.95 in H1 FY25)
Other income: ₹8.95 (vs ₹4.12 in H1 FY25)
Total Income: ₹502.92 (vs ₹423.07 in H1 FY25)
Profit before tax: ₹34.35 (vs ₹10.47 in H1 FY25)
Tax expense: ₹9.25 (vs ₹2.90 in H1 FY25)
Profit for the period: ₹25.10 (vs ₹7.57 in H1 FY25)
Basic EPS: ₹10.34 (vs ₹3.12 in H1 FY25)
Diluted EPS: ₹10.31 (vs ₹3.12 in H1 FY25)

Balance Sheet Highlights (Standalone as of September 30, 2026)

Total Assets: ₹910.35 crore (vs ₹784.63 crore as of March 31, 2026)
Property, plant and equipment: ₹356.62 crore (vs ₹321.95 crore)
Capital work-in-progress: ₹77.92 crore (vs ₹12.43 crore)
Inventories: ₹195.28 crore (vs ₹166.71 crore)
Total Equity: ₹466.40 crore (vs ₹443.42 crore)
Borrowings (current + non-current): ₹353.05 crore (vs ₹251.45 crore)

Cash Flow Statement (Standalone H1 FY27)

Cash generated from operations: ₹15.72 crore
Income tax paid: ₹6.73 crore
Net cash from operating activities: ₹8.99 crore
Payment for acquisition of property, plant and equipment: ₹93.89 crore
Net cash used in investing activities: ₹99.44 crore
Proceeds from short term borrowings (net): ₹105.84 crore
Net cash from financing activities: ₹89.23 crore
Net decrease in cash: ₹1.22 crore

Corporate Actions

During H1 FY27, the company granted 331,154 stock options under the Faze Three Employee Stock Option Scheme 2024
During Q2 FY27, the company issued 278,840 equity shares to Faze Three Employee Trust at face value of ₹10 each
Paid-up equity share capital increased to ₹24.60 crore from ₹24.32 crore

Business Segment

The Company operates in only one reportable segment: manufacturing of home textiles products (bathmats, rugs, blankets, throws, cushions, etc.)

Subsidiaries Included in Consolidation

1. Faze Three US LLC, USA (Wholly Owned Subsidiary)

2. Mats and More Private Limited, India (Wholly Owned Subsidiary)

3. Faze Three Employee Trust, India (Employee Welfare Trust)