The Statutory Auditors, S R B C & CO LLP, issued Limited Review Reports with unmodified opinion on both the standalone and consolidated financial results. The board meeting commenced at 12:30 p.m. and concluded at 01:30 p.m.
Financial Results Highlights (Standalone)
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from Operations: ₹1,10,604.67 lakhs (₹1,106 crore)
- Other Income: ₹686.96 lakhs
- Total Income: ₹1,11,291.63 lakhs
- Profit Before Tax: ₹8,884.60 lakhs (₹89 crore)
- Current Tax: ₹2,260.00 lakhs
- Net Profit After Tax: ₹6,653.10 lakhs (₹67 crore)
- Basic EPS: ₹44.58 (not annualized)
Quarter Ended June 30, 2026 (Q1 FY27):
- Revenue from Operations: ₹79,929.81 lakhs
- Net Profit After Tax: ₹2,335.96 lakhs
Quarter Ended September 30, 2025 (Q2 FY26):
- Revenue from Operations: ₹94,808.83 lakhs
- Net Profit After Tax: ₹3,287.94 lakhs
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹1,90,534.48 lakhs (₹1,905 crore)
- Net Profit After Tax: ₹8,989.06 lakhs (₹90 crore)
Half Year Ended September 30, 2025 (H1 FY26):
- Revenue from Operations: ₹1,81,257.64 lakhs
- Net Profit After Tax: ₹4,247.60 lakhs
Previous Year Ended March 31, 2026 (FY26):
- Revenue from Operations: ₹3,68,638.86 lakhs
- Net Profit After Tax: ₹10,512.94 lakhs
Segment Performance (Standalone)
Business to Business Segment (Q2 FY27):
- Revenue: ₹98,743.18 lakhs (₹987 crore), grew 18% YoY
- Segment Results: ₹10,359.53 lakhs
Retail and Ecommerce Segment (Q2 FY27):
- Revenue: ₹11,861.49 lakhs (₹119 crore), grew 8% YoY
- Segment Results: (₹351.49) lakhs (negative EBIT)
Consolidated Results
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from Operations: ₹1,12,585.21 lakhs (₹1,126 crore)
- Net Profit After Tax: ₹6,783.43 lakhs (₹68 crore)
- Basic EPS: ₹45.41 (not annualized)
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹1,94,558.51 lakhs
- Net Profit After Tax: ₹9,223.21 lakhs
The consolidated results include subsidiaries: Nilkamal Eswaran Plastics Private Limited, Nilkamal Eswaran Marketing Private Limited, Nilkamal Crates and Bins FZE, Nilkamal Foundation, and joint venture Cambro Nilkamal Private Limited.
Key Financial Ratios (Standalone)
- Debt Equity Ratio: 0.17 (as of September 30, 2026)
- Current Ratio: 2.12 times (as of September 30, 2026)
- Operating Margin: 11.93% (Q2 FY27)
- Net Profit Margin: 6.02% (Q2 FY27)
- Debt Service Coverage Ratio: 3.28 (H1 FY27)
- Interest Service Coverage Ratio: 22.88 (H1 FY27)
Exceptional Item
During FY 2025-26, the Company carried out actuarial valuations considering the definition of "wages" as per the New Labour Codes effective November 21, 2025, resulting in an incremental provision of ₹1,540.60 lakhs towards Gratuity and Leave liability, disclosed as an exceptional item.
Additional Information
- Paid-up Equity Share Capital: ₹1,492.25 lakhs (Face Value of ₹10 per share)
- Net Borrowings: ₹254 crores as of September 30, 2026 (₹376 crores as of September 30, 2025)
- Capex Spend: ₹27 crores in Q2 FY27 (₹42 crores in Q2 FY26)
- Retail Network: 108 stores operating under COCO and FOFO formats as of September 30, 2026
- The Company has total Secured Listed Non-Convertible Debentures outstanding aggregating ₹2,401 lakhs
Cash Flow Statement (Standalone, H1 FY27)
- Net cash from operating activities: ₹5,909.48 lakhs
- Net cash used in investing activities: (₹4,366.19) lakhs
- Net cash flow from financing activities: (₹6,395.25) lakhs
- Net decrease in cash and cash equivalents: (₹4,851.96) lakhs
Assets and Liabilities (Standalone, as of September 30, 2026)
- Total Assets: ₹2,51,260.80 lakhs
- Total Equity: ₹1,52,771.94 lakhs
- Total Liabilities: ₹98,488.86 lakhs
- Inventories: ₹72,823.24 lakhs
- Trade Receivables: ₹52,008.11 lakhs
- Cash and Cash Equivalents: ₹464.52 lakhs
The financial results are available on the websites of BSE Limited (www.bseindia.com), National Stock Exchange of India Limited (www.nseindia.com), and the Company (www.nilkamal.com).