Linde India's Q2 FY 2026-27 Quarterly Results

Result Summary

• Linde India Ltd reported a 4.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 12.7%.
• Its expenses for the quarter were up by 2.3% QoQ and 36.4% YoY.
• The net profit increased 13.6% QoQ and decreased 30.5% YoY.
• The earnings per share (EPS) of Linde India Ltd stood at 13.93 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Linde India Ltd is a prominent player in the industrial gases and engineering industry, specializing in the production and distribution of gases such as oxygen, nitrogen, and argon, which are essential for various industrial applications. The company also offers related engineering services. As of the latest available information, Linde India has been actively involved in expanding its production capacity and enhancing its distribution network to meet growing market demands. Recent developments include strategic investments in infrastructure to support the healthcare sector, especially in the context of increased demand for medical oxygen. However, specific recent developments beyond this general understanding are not available.

Revenue

In the second quarter of FY27, Linde India Ltd reported a total income of ₹730.06 crores, reflecting a growth of 4.3% compared to the previous quarter (Q1FY27) where the total income was ₹700.19 crores. This quarterly increase suggests a consistent upward trajectory in revenue generation. On a year-over-year basis, the total income increased by 12.7% from ₹647.72 crores in Q2FY26. This annual growth indicates a strong performance in revenue compared to the same quarter of the previous year. The company's ability to achieve revenue growth both sequentially and annually highlights its effective strategies in capturing market demand and perhaps expanding its market share.

Profitability

For Q2FY27, Linde India Ltd recorded a profit before tax of ₹155.18 crores, which shows an increase of 12.4% from the previous quarter's profit before tax of ₹138.05 crores. However, compared to Q2FY26, where the profit before tax was ₹226.29 crores, there is a decline of 31.4% year-over-year. The profit after tax for Q2FY27 was ₹118.81 crores, up by 13.6% from Q1FY27's ₹104.59 crores, yet down by 30.5% from ₹171.00 crores in Q2FY26. This indicates a quarterly improvement in net profitability but a decline compared to the previous year. The earnings per share also followed a similar pattern, increasing quarter-over-quarter from ₹12.26 to ₹13.93, but decreasing year-over-year from ₹20.05.

Operating Metrics

Linde India Ltd's total expenses for Q2FY27 were reported at ₹574.88 crores, representing a 2.3% increase from Q1FY27, where expenses stood at ₹562.14 crores. On a year-over-year basis, total expenses increased significantly by 36.4% from ₹421.44 crores in Q2FY26. The tax expense for Q2FY27 was ₹40.23 crores, a rise of 14.6% from ₹35.09 crores in Q1FY27, but a decrease of 29.8% from ₹57.28 crores in Q2FY26. These figures suggest an upward trend in quarterly operating expenses and a significant annual increase, which may impact the company's overall cost management strategy. The rise in total expenses outpaces the revenue growth on a yearly basis, which could be a factor in the observed decline in profitability margins compared to the previous year.