Trishakti Industries Q2 FY27 Results: Net Profit Surges 225% YoY to ₹5.2 Crore

Key numbers

1-Year Return	81.66%Price Performance
P/E Ratio	42.14xSector: 20.66x
Promoter Holding	67.27%Latest Qtr
RSI	69.93Neutral Zone

Key highlights

• Net profit increased by 225.0% year-on-year to ₹5.2 crore in Q2 FY27
• Revenue from operations grew 132.8% to ₹15.6 crore compared to the same quarter last year
• Operating margin expanded to 35.1% from 31.3% in the year-ago period
• Allotted 4,18,000 equity shares on September 2, 2026, following warrant conversion
• Signed a ₹125 crore MoU with XCMG in August 2026 for a 900-tonne class crane
• Management maintains a revenue guidance target of ₹90-100 crore by FY28

Operational Scale-up and Revenue Growth

Trishakti Industries continued its upward trajectory in Q2 FY27, reporting revenue from operations of ₹15.6 crore, a significant jump from ₹6.7 crore in Q2 FY26. This performance marks a sequential growth of 8.3% over the ₹14.4 crore reported in Q1 FY27. The company's profit before tax for the quarter reached ₹6.6 crore, reflecting a strong recovery compared to the previous year.

Operating margins improved to 35.1%, up from 31.3% year-on-year, though the company noted that deferred tax assets and liabilities were not recognized this quarter, with plans to compute them at the end of the financial year.

Key Performance Metrics for Q2 FY27

• Net Profit reached ₹5.2 crore, up 20.9% on a sequential basis
• Other income contributed ₹3.3 crore to the total revenue of ₹18.8 crore
• Employee benefit expenses stood at ₹4.01 crore for the standalone entity
• Depreciation and amortization expenses were recorded at ₹4.04 crore
• Consolidated total comprehensive income for the quarter was ₹4.31 crore
• Basic EPS for the quarter improved to ₹3.10 from ₹0.98 in the year-ago period

Strategic Asset Expansion and Capital infusion

The company is actively pursuing its ₹400 crore capital expenditure program aimed at infrastructure and renewable fleet expansion. A pivotal development during the quarter was the August 13, 2026, agreement with XCMG valued at ₹125 crore for a 900-tonne class crane, intended to serve the wind energy segment. To support this growth, the Board allotted 4,18,000 equity shares on September 2, 2026, at ₹158.10 per share upon the conversion of warrants.

This capitalization strategy aligns with management's stated target of achieving ₹90 to ₹100 crore in annual revenue by FY28 with EBITDA margins exceeding 70%.

Audit Conclusion and Financial Integrity

Based on our review, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed.

What to watch next

• Delivery and deployment of the 900-tonne XCMG crane following the August 2026 MoU
• Progress on the ₹400 crore capex program focused on renewable fleet expansion
• Potential impact of the New Labour Code on financial reporting as rules are finalized
• FY28 target milestones for the ₹90-100 crore revenue guidance

Trishakti Industries · financial snapshot

Share price	₹277.85
Market capitalisation	₹457.80 Cr
Revenue (annual)	₹27.85 Cr
Net profit (annual)	₹7.47 Cr
Revenue (latest quarter)	₹14.38 Cr+57.84% vs previous quarter
Net profit (latest quarter)	₹4.29 Cr+66.54% vs previous quarter
P/E (TTM)	42.14×Sector 20.66×
Promoter holding	67.27%-1.70% QoQ
FII holding	0.01%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.