Mukand's Q2 FY 2026-27 Quarterly Results

Result Summary

• Mukand Ltd reported a 10.0% quarter-on-quarter (QoQ) decrease 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 13.5%.
• Its expenses for the quarter were down by 7.1% QoQ and up 14.3% YoY.
• The net profit decreased 92.5% QoQ and decreased 56.5% YoY.
• The earnings per share (EPS) of Mukand Ltd stood at 0.3 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

Mukand Ltd is a prominent player in the industrial sector, primarily engaged in the manufacturing and sale of specialty steel products and industrial machinery. The company operates within the broader steel and engineering industries, serving a diverse clientele that relies on its high-quality steel for various applications. Mukand Ltd is recognized for its extensive product range, which includes alloy steel, stainless steel, and specialty steel products, catering to industries such as automotive, construction, and engineering. As of the latest available information, Mukand Ltd has been focused on optimizing its production capabilities and expanding its market reach to maintain its competitive edge.

Revenue

In the second quarter of the fiscal year 2027 (Q2FY27), Mukand Ltd reported a total income of ₹1320.47 crores. This represents a decrease of 10.0% from the previous quarter's total income of ₹1467.25 crores (Q1FY27). Despite this quarter-on-quarter decline, the company achieved a year-over-year increase of 13.5% compared to the total income of ₹1163.38 crores recorded in the second quarter of the fiscal year 2026 (Q2FY26). The revenue figures reflect the company's ability to maintain growth over the past year, although it faced challenges in sustaining momentum from the previous quarter.

Profitability

Mukand Ltd's profitability metrics for Q2FY27 reveal a significant reduction in profit before tax and profit after tax compared to the previous quarter. The profit before tax for Q2FY27 was ₹13.62 crores, a sharp decline of 77.4% from ₹60.22 crores in Q1FY27. Year-over-year, this represents a decrease of 31.5% from ₹19.87 crores in Q2FY26. The tax expense for Q2FY27 was ₹9.32 crores, reflecting an increase of 225.9% compared to the prior quarter's tax of ₹2.86 crores, while showing a slight decrease of 6.7% from ₹9.99 crores in the same quarter of the previous year. Consequently, the profit after tax stood at ₹4.30 crores for Q2FY27, marking a 92.5% decline from Q1FY27's ₹57.36 crores and a 56.5% decrease from ₹9.88 crores in Q2FY26. Earnings per share followed a similar trend, dropping to ₹0.30 in Q2FY27 from ₹3.97 in the preceding quarter and ₹0.68 in the year-ago period.

Operating Metrics

Analyzing the operating metrics for Mukand Ltd in Q2FY27, the company's total expenses amounted to ₹1306.85 crores. This figure represents a decrease of 7.1% from the preceding quarter's expenses of ₹1407.03 crores, yet it indicates a year-over-year increase of 14.3% from ₹1143.51 crores in Q2FY26. The company's operational focus remains on managing expenses effectively while navigating changes in revenue streams. Mukand Ltd's operational performance, as measured by changes in expenses relative to total income and profitability, provides insights into the company's strategic approach to cost management and operational efficiency.