Indus Finance Q2 FY27 Results (BSE: 531841)
Signal: Earnings grew
The read
The YoY trajectory is modestly positive but the sequential inflection is negative: total income rose 21.4% YoY to ₹127.65 lakh and finance costs fell 45.1%, yet employee benefits rose 78.3% and the recurring ₹12.03 lakh exceptional charge left PAT up only 7.4% YoY at ₹8.97 lakh and down 88.1% QoQ.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1.28 Cr | +21.4% | -17.5% |
| Net profit | ₹0.09 Cr | +7.4% | |
| EPS | ₹0.1 | +11.1% | |
| EBIT margin | 0% |
P&L walk
Total income rose to ₹127.65 lakh, +21.4% YoY but -17.5% QoQ, while total expenses increased 25.8% YoY and 58.2% QoQ; lower finance costs supported the YoY result, but higher employee costs and the ₹12.03 lakh exceptional charge limited PAT to ₹8.97 lakh.
Key positives
- Total income reached ₹127.65 lakh, up 21.4% YoY, with interest income up 22.7% to ₹127.56 lakh.
- Loans expanded to ₹3,189.30 lakh from ₹2,492.96 lakh at March 31, 2026, a 27.9% increase.
- Finance costs declined 45.1% YoY to ₹25.79 lakh, supporting the 7.4% YoY increase in PAT to ₹8.97 lakh.
Key concerns
- Sequential earnings momentum weakened materially: PAT fell 88.1% from ₹75.37 lakh to ₹8.97 lakh while total income fell 17.5%.
- Employee benefits increased 78.3% YoY to ₹37.27 lakh, materially faster than total-income growth of 21.4%.
- The proposed 5:9 bonus issue would increase shares from 92,58,300 to approximately 1,44,01,800, creating a mechanical reduction in per-share metrics after issuance even though it does not itself change equity value.
Research and educational content only. Not investment advice.