PTL Enterprises Q2 FY27 Results (NSE: PTL)
Signal: Steady quarter
The read
The operating base remained stable, with revenue at ₹1,609.19 lakh, but earnings quality weakened: PAT fell 26.6% YoY to ₹1,084.31 lakh as other income dropped 49.7% to ₹283.48 lakh and other expenses rose 173.0% to ₹182.41 lakh; QoQ PAT improved 23.9% from ₹875.21 lakh.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹16.09 Cr | 0.0% | +0.1% |
| Net profit | ₹10.84 Cr | -26.6% | |
| EPS | ₹0.82 | -26.8% |
P&L walk
Standalone lease revenue was flat at ₹1,609.19 lakh YoY, but PAT fell 26.6% to ₹1,084.31 lakh because other income dropped 49.7% to ₹283.48 lakh and other expenses rose 173.0% to ₹182.41 lakh.
Key positives
- Lease revenue was stable at ₹1,609.19 lakh, 0.0% YoY and +0.1% QoQ, indicating no deterioration in the core operating stream.
- Finance costs declined 15.4% YoY to ₹100.01 lakh, and borrowings were nil at 30 September 2026.
- PAT improved 23.9% QoQ to ₹1,084.31 lakh after ₹875.21 lakh in Q1FY27.
Key concerns
- PAT fell 26.6% YoY to ₹1,084.31 lakh despite flat revenue because other income declined 49.7% to ₹283.48 lakh.
- Other expenses rose 173.0% YoY to ₹182.41 lakh, pushing total expenses up 35.4% against flat operating revenue.
- H1 operating cash flow fell 41.6% YoY to ₹1,324.22 lakh versus ₹2,269.77 lakh, partly reflecting higher working-capital absorption.
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