SS Retail Q2 FY27 Net Profit Rises 128% YoY

Key Financial Figures - Standalone (₹ in Million)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

Revenue from Operations: ₹8,971.40 (vs ₹5,006.61) - 79.2% increase
Other Income: ₹10.50 (vs ₹1.91)
Total Income: ₹8,981.90 (vs ₹5,008.52)
Profit Before Tax: ₹357.38 (vs ₹165.11) - 116.5% increase
Tax Expense: ₹81.83 (vs ₹44.30)
Net Profit: ₹275.55 (vs ₹120.80) - 128.1% increase
Basic EPS: ₹4.14 (vs ₹1.85)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

Revenue from Operations: ₹16,666.34 (vs ₹9,983.02) - 67.0% increase
Other Income: ₹19.19 (vs ₹5.31)
Total Income: ₹16,685.53 (vs ₹9,988.33)
Profit Before Tax: ₹673.87 (vs ₹373.32) - 80.5% increase
Tax Expense: ₹159.59 (vs ₹103.94)
Net Profit: ₹514.28 (vs ₹269.38) - 90.9% increase
Basic EPS: ₹7.76 (vs ₹4.08)

Balance Sheet Position (Standalone as of September 30, 2026 vs March 31, 2026)

Total Assets: ₹11,625.55 million (vs ₹5,599.93 million)
Inventories: ₹5,474.31 million (vs ₹3,114.38 million)
Cash and Cash Equivalents: ₹980.41 million (vs ₹202.91 million)
Bank Balances (other): ₹1,364.68 million (vs ₹15.34 million)
Total Equity: ₹6,093.40 million (vs ₹2,201.85 million)
Current Borrowings: ₹2,669.29 million (vs ₹1,606.04 million)

Key Financial Figures - Consolidated (₹ in Million)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

Revenue from Operations: ₹9,403.00 (vs ₹5,033.60) - 86.8% increase
Profit Before Tax: ₹363.47 (vs ₹151.93) - 139.2% increase
Net Profit: ₹280.06 (vs ₹107.72) - 160.0% increase
Net Profit Attributable to Owners: ₹277.32 (vs ₹116.88) - 137.2% increase
Basic EPS: ₹4.16 (vs ₹1.78)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

Revenue from Operations: ₹17,293.46 (vs ₹10,010.01) - 72.8% increase
Profit Before Tax: ₹678.27 (vs ₹360.14) - 88.3% increase
Net Profit: ₹516.81 (vs ₹256.30) - 101.6% increase
Net Profit Attributable to Owners: ₹513.13 (vs ₹265.46) - 93.3% increase
Basic EPS: ₹7.75 (vs ₹4.05)

IPO Completion and Capital Structure Impact

The company completed its Initial Public Offer (IPO) on September 23, 2026, with the following details:

Fresh Issue: 85,04,075 equity shares of face value ₹10 each at issue price of ₹424 per share
Offer for Sale: 33,01,884 shares at ₹424 per share
Fresh Issue Amount: ₹3,600.00 million
Offer for Sale Amount: ₹1,400.00 million
Paid-up equity share capital increased from ₹658.64 million to ₹743.68 million
Number of shares increased to 7,43,67,575 fully paid equity shares of ₹10 each

IPO Proceeds Utilization (as of September 30, 2026)

| Capital expenditure for new stores | 124.53 | 0.00 | 124.53 |

| General corporate purpose | 797.54 | 797.54 | 0.00 |

| Working capital requirements | 2,413.48 | 601.77 | 1,811.71 |

| IPO expenses | 264.45 | 133.50 | 130.95 |

| Total | 3,600.00 | 1,532.80 | 2,067.19 |

₹130.95 million retained in escrow for IPO expenses
₹1,924.65 million unutilized proceeds temporarily invested in fixed deposits
₹11.59 million held in current account
Public Offer Account balance: ₹184.33 million (₹130.95 million company portion, ₹53.38 million OFS portion)

Subsidiary Information

The consolidated results include:

Olineo Nexus India Private Limited (acquired on January 27, 2026)
Nexora Smart Tech Private Limited

Labour Code Implementation

The company has assessed the impact of the four Labour Codes notified by the Government of India on November 21, 2025, and has provided appropriate accounting treatment based on available guidance from ICAI. The company continues to monitor developments and will adjust accounting treatment as needed.

Auditor Review

The unaudited financial results were subjected to limited review by the statutory auditors, Manek & Associates, who issued an unmodified review conclusion stating nothing has come to their attention that causes them to believe the results contain material misstatements.

Additional Information

The figures for quarter ended September 30, 2026 are balancing figures between half-year and quarter ended June 30, 2026
Previous periods' figures have been regrouped/reclassified where necessary
The financial results are available on BSE, NSE, and company website (www.ssmobile.com)