MKVentures Cap. Q2 FY27 Results (BSE: 514238)
Signal: Steady quarter
The read
The quarter shows a sequential revenue rebound to ₹1008.87 lakh from ₹723.38 lakh, led by consultancy at ₹862.50 lakh, but the investment case remains dependent on volatile consultancy contribution and weak H1 operating cash flow of -₹454.98 lakh.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹10.09 Cr | -20.8% | +39.5% |
| EBIT margin | 83.4% |
P&L walk
Consolidated revenue was ₹1008.87 lakh, up sequentially from ₹723.38 lakh but below the year-ago quarter's ₹1273.80 lakh; consultancy generated ₹862.50 lakh revenue and ₹780.36 lakh segment result, while operating cash flow remained negative at ₹454.98 lakh for H1FY27.
Segments
Consultancy is driving the group: it generated ₹862.50 lakh of consolidated revenue and ₹780.36 lakh of segment result, versus ₹141.00 lakh revenue and ₹100.02 lakh result from Loans and Investment.
Key positives
- Consolidated revenue of ₹1008.87 lakh rebounded from ₹723.38 lakh in the immediately preceding quarter, a sequential increase of about 39.5%.
- Consultancy contributed ₹862.50 lakh of revenue and ₹780.36 lakh of segment result, making it the clear earnings engine.
- Finance cost was only ₹1.17 lakh, and consolidated CRAR was 92.03%, indicating substantial reported capital headroom.
Key concerns
- Operating cash flow was negative at ₹454.98 lakh in H1FY27 despite reported earnings, with other financial assets increasing by ₹1231.12 lakh.
- Loans and Investment contributed only ₹141.00 lakh of consolidated revenue versus ₹862.50 lakh from consultancy, increasing concentration in the consultancy business.
- Revenue remains below the comparable quarter's ₹1273.80 lakh based on the printed consolidated segment table, despite the sequential rebound.
Research and educational content only. Not investment advice.