Jaro Institute Q2 FY27 Results (NSE: JARO)
Signal: Steady quarter
The read
The trajectory remains positive on revenue, with Q2FY27 growth of 9.1% YoY following Q1FY27 growth of 16.6%, but earnings quality weakened: PAT rose 8.9% partly alongside ₹244.15 lakh of other income, EPS growth lagged at 1.8%, and H1 operating cash flow turned negative at ₹496.00 lakh.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹87.74 Cr | 9.1% | 24.0% |
| Net profit | ₹18.54 Cr | 8.9% | |
| EPS | ₹8.48 | 1.8% |
P&L walk
Standalone revenue increased 9.1% YoY to ₹8,774.12 lakh, while PAT rose 8.9% to ₹1,854.14 lakh; the bottom line was supported by ₹244.15 lakh of other income and a lower finance-cost burden, while EPS growth lagged PAT growth.
Key positives
- Revenue increased 9.1% YoY to ₹8,774.12 lakh and 24.0% QoQ, maintaining positive operating growth despite deceleration from Q1FY27's 16.6% YoY growth.
- Finance costs declined 70.4% YoY to ₹30.72 lakh as borrowings fell to nil at September 30, 2026.
- Current investments of ₹11,983.19 lakh plus cash and bank balances of ₹1,030.27 lakh provide a substantial liquid asset base.
Key concerns
- H1 operating cash flow was negative at ₹496.00 lakh versus ₹821.92 lakh positive in H1FY26, while trade receivables increased to ₹2,097.32 lakh.
- EPS grew only 1.8% YoY to ₹8.48 against 8.9% PAT growth, indicating dilution or a share-count drag.
- Other income rose to ₹244.15 lakh from ₹12.92 lakh YoY, making the reported PAT growth less purely operational.
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