Fundviser Capit. Q2 FY27 Results (BSE: 530197)
Signal: Operating turnaround
The read
The quarter marks a PAT recovery to ₹319.00 lakh from a ₹58.87 lakh loss, but the trajectory is lower quality: revenue fell 5.4% YoY, other income supplied 57.7% of PBT, and EPS declined 63.3% to ₹4.04 despite the profit rebound. This follows the prior quarter's other-income dependence and shows no clean operating inflection yet.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹41.75 Cr | -5.4% | +1.8% |
| EBIT | ₹3.98 Cr | NM from loss | |
| Net profit | ₹3.19 Cr | NM from -58.87 lakh | |
| EPS | ₹4.04 | -63.3% | |
| EBIT margin | 9.52% |
P&L walk
Revenue declined 5.4% YoY to ₹4,175.47 lakh, but EBIT recovered to ₹397.64 lakh from a ₹36.10 lakh loss; PAT was ₹319.00 lakh, supported by ₹225.08 lakh of other income, while EPS fell 63.3% to ₹4.04.
Segments
The consolidated result is being driven by subsidiaries rather than the parent: subsidiaries contributed ₹3,973.79 lakh of quarterly revenue and reported a ₹23.02 lakh net loss, while standalone revenue was only ₹117.25 lakh and standalone PAT was ₹379.97 lakh; the group PAT of ₹319.00 lakh therefore sits materially below the parent's profit.
Key positives
- Consolidated PAT recovered to ₹319.00 lakh from a ₹58.87 lakh loss, with PBT improving to ₹389.73 lakh from a ₹40.31 lakh loss.
- Standalone PAT increased to ₹379.97 lakh from ₹51.92 lakh, despite standalone other income declining to ₹5.98 lakh from ₹55.98 lakh.
- Consolidated revenue of ₹4,175.47 lakh was 1.8% higher sequentially, while finance cost declined 19.8% QoQ to ₹7.91 lakh.
Key concerns
- Consolidated revenue declined 5.4% YoY to ₹4,175.47 lakh and income from operations fell 11.2% to ₹3,950.40 lakh.
- Basic EPS declined 63.3% to ₹4.04 despite PAT recovery, while paid-up equity capital increased to ₹790.00 lakh from ₹591.50 lakh.
- Subsidiaries generated ₹3,973.79 lakh of revenue but reported a ₹23.02 lakh net loss, dragging consolidated PAT below standalone PAT of ₹379.97 lakh.
- Employee expenses increased 1,054.4% YoY to ₹183.87 lakh and other expenses rose 250.5% to ₹170.98 lakh on the consolidated basis.
Research and educational content only. Not investment advice.