Euro Pratik revenue rises 20% as quarterly profit gains 15%

Euro Pratik Sales Limited reported consolidated revenue from operations of Rs 115.73 crore for the quarter ended September 30, 2026, up 19.8% year on year, while profit for the period increased 15.4% to Rs 26.19 crore. The quarter followed two controlling-stake acquisitions in April and July 2026 and the start of operations at a subsidiary.

How did Euro Pratik perform in the September 2026 quarter?

Euro Pratik increased revenue from operations by Rs 19.16 crore from the September 2025 quarter to Rs 115.73 crore in the quarter ended September 30, 2026. Total income, including Rs 3.27 crore of other income, reached Rs 119.00 crore, compared with Rs 97.34 crore a year earlier. Revenue also rose from Rs 103.33 crore in the quarter ended June 30, 2026.

Profit before tax was Rs 34.73 crore, up from Rs 29.54 crore in the September 2025 quarter and Rs 26.26 crore in the preceding quarter. Profit for the period rose to Rs 26.19 crore from Rs 22.69 crore a year earlier, while total comprehensive income was Rs 26.24 crore. Basic and diluted earnings per equity share, which are not annualised, were Rs 2.38, against Rs 2.25 in the year-earlier quarter.

What changed in Euro Pratik’s quarterly costs?

Euro Pratik’s total expenses rose 24.3% year on year to Rs 84.27 crore in the September 2026 quarter, compared with a 19.8% increase in revenue from operations. Purchases of stock-in-trade increased to Rs 79.41 crore from Rs 55.63 crore, employee-benefit expense rose to Rs 6.25 crore from Rs 3.78 crore, and other expenses increased to Rs 10.80 crore from Rs 8.61 crore.

The quarter recorded a Rs 14.83 crore reduction from changes in inventories of stock-in-trade, compared with a Rs 2.26 crore reduction in the September 2025 quarter. Finance costs increased to Rs 0.97 crore from Rs 0.57 crore, while depreciation and amortisation rose to Rs 1.67 crore from Rs 1.46 crore. Based on the reported figures, profit before tax represented 29.2% of total income, versus 30.3% a year earlier.

Tax expense was Rs 8.54 crore in the September 2026 quarter, compared with Rs 6.85 crore a year earlier. Current tax was Rs 8.06 crore and deferred tax was Rs 0.64 crore, offset partly by a Rs 0.16 crore excess provision relating to earlier years. Of the Rs 26.19 crore quarterly profit, Rs 24.33 crore was attributable to owners of the parent and Rs 1.87 crore to non-controlling interests.

What do Euro Pratik’s half-year results show?

Euro Pratik reported revenue from operations of Rs 219.06 crore for the half year ended September 30, 2026, up 36.0% from Rs 161.09 crore in the corresponding prior-year period. Total income rose to Rs 224.83 crore from Rs 163.16 crore, including Rs 5.77 crore of other income compared with Rs 2.06 crore previously.

Profit for the half year increased 44.6% to Rs 46.24 crore from Rs 31.99 crore. The comparable prior-year half included a Rs 7.89 crore exceptional loss from a fire, whereas Euro Pratik reported no exceptional item in the current half. Before exceptional items and tax, profit was Rs 60.99 crore, compared with Rs 50.97 crore in the prior-year half.

How did acquisitions change Euro Pratik’s consolidation perimeter?

Euro Pratik acquired a controlling 51% stake in Chawla Brothers, based in Jalandhar, Punjab, on April 1, 2026 for overall consideration of Rs 32.20 crore. The company accounted for the transaction under Indian Accounting Standard 103, the accounting standard for business combinations. The acquisition was therefore included for the full half year ended September 30, 2026.

On July 10, 2026, Euro Pratik Trade-FZCO, a subsidiary of Euro Pratik, acquired a controlling 51% stake in Elements Trading LLC in Dubai, United Arab Emirates. HUES Plydecor LLP, a Hyderabad-based subsidiary, also commenced operations during the September quarter. Euro Pratik identifies surface decorative products as its primary business and reports no separate reportable segment under Indian Accounting Standard 108 on operating segments.

Non-controlling interest on the consolidated balance sheet increased to Rs 18.55 crore at September 30, 2026 from Rs 10.69 crore at March 31, 2026. Half-year profit attributable to non-controlling interests was Rs 3.14 crore, compared with a Rs 0.64 crore loss attributable to those interests in the corresponding prior-year half.

What do Euro Pratik’s balance sheet and cash flows show?

Euro Pratik’s total assets were Rs 449.03 crore at September 30, 2026, compared with Rs 396.72 crore at March 31, 2026. Intangible assets rose to Rs 94.70 crore from Rs 66.61 crore, inventories increased to Rs 143.90 crore from Rs 122.45 crore, and trade receivables increased to Rs 105.76 crore from Rs 97.57 crore.

Net cash generated from operating activities was Rs 23.01 crore during the half year ended September 30, 2026. Investing activities used Rs 33.45 crore, including Rs 30.53 crore spent on property, plant, equipment and intangible assets. Cash and cash equivalents declined to Rs 8.45 crore from Rs 16.41 crore at the start of the year.

Total borrowings, comprising current and non-current borrowings, were Rs 13.46 crore at September 30, 2026, compared with Rs 11.57 crore at March 31, 2026. Total liabilities were Rs 77.35 crore, up from Rs 76.08 crore, while total equity increased to Rs 371.69 crore from Rs 320.64 crore. The consolidated results were approved by the board on November 5, 2026, after review by the audit committee.

Conclusion

Euro Pratik delivered higher quarterly and half-year revenue and profit, with September-quarter revenue from operations rising 19.8% and profit for the period increasing 15.4%. Expenses grew faster than quarterly revenue, particularly purchases of stock-in-trade and employee benefits, while the half-year comparison also reflected the absence of the prior-year fire-related exceptional loss.

Next, investors can watch the effect of the April 2026 Chawla Brothers acquisition, the July 2026 Elements Trading LLC acquisition and the newly operational HUES Plydecor LLP on revenue, expenses and non-controlling interests. The surveyor has completed its assessment of the April 2025 fire claim and submitted its report to the insurer, but Euro Pratik did not disclose a settlement outcome.