Frontier Springs Limited Q2 profit rises 36% to Rs 21.33 crore

Frontier Springs reported standalone net profit of Rs 21.33 crore for the quarter ended September 30, 2026, up 36% from Rs 15.71 crore a year earlier. Revenue from operations increased 8% to Rs 99.73 crore, while profit before tax rose to Rs 28.50 crore from Rs 21.08 crore.

How did Frontier Springs' September-quarter profit change?

Frontier Springs' net profit rose to Rs 21.33 crore in the September 2026 quarter from Rs 15.71 crore in the corresponding 2025 quarter. Profit before tax increased by Rs 7.42 crore to Rs 28.50 crore, indicating that the year-on-year earnings increase was recorded before tax as well as after tax.

The September-quarter result also exceeded the June 2026 quarter, when Frontier Springs reported net profit of Rs 12.01 crore and profit before tax of Rs 18.05 crore. Basic and diluted earnings per share were Rs 18.05 for September 2026, versus Rs 13.29 in September 2025 and Rs 10.17 in June 2026. The company said earnings per share had been restated for a 2:1 bonus-share issue completed during March 2026.

What changed in Frontier Springs' quarterly income and expenses?

Frontier Springs' revenue from operations increased by Rs 6.99 crore year on year to Rs 99.73 crore in the September 2026 quarter, while total income increased by Rs 7.10 crore to Rs 99.85 crore. Other income was therefore Rs 11.57 lakh, meaning operations accounted for nearly all reported income in the quarter.

Total expenses were Rs 71.34 crore in the September 2026 quarter, compared with Rs 61.82 crore in the year-earlier quarter, an increase of Rs 9.52 crore. Despite this increase, profit before tax rose by Rs 7.42 crore, more than the Rs 6.99 crore increase in revenue from operations. The filing does not provide management commentary attributing the movement to a customer, product or business segment.

Material consumed was Rs 47.05 crore in the September 2026 quarter, compared with Rs 38.48 crore a year earlier. Employee benefit expense increased to Rs 1.59 crore from Rs 1.40 crore, while finance cost was Rs 4.11 lakh compared with Rs 6.37 lakh. These disclosed expense movements occurred alongside the increase in quarterly revenue and pre-tax profit.

What were Frontier Springs' half-year financial results?

Frontier Springs reported net profit of Rs 33.34 crore for the half year ended September 30, 2026, compared with Rs 30.45 crore for the half year ended September 30, 2025. Revenue from operations over the six months rose to Rs 178.19 crore from Rs 158.08 crore, while total income increased to Rs 178.43 crore from Rs 158.85 crore.

Profit before tax for the half year was Rs 46.55 crore, compared with Rs 41.01 crore in the previous-year period. Half-year net profit increased by about 10%, below the 36% year-on-year increase reported for the September quarter. The September quarter contributed Rs 21.33 crore, or more than half of the Rs 33.34 crore profit reported for the six-month period.

Total comprehensive income for the half year was Rs 35.19 crore, compared with Rs 31.41 crore in the prior-year half. Basic and diluted earnings per share were Rs 28.22, compared with Rs 25.77 in the previous-year period, with the comparative figure restated for the March 2026 bonus issue. Equity share capital was Rs 11.84 crore at September 30, 2026.

What does Frontier Springs' September 2026 balance sheet show?

Frontier Springs reported total assets of Rs 259.35 crore at September 30, 2026, compared with Rs 218.30 crore at March 31, 2026. Total equity increased to Rs 218.67 crore from Rs 183.48 crore, while other equity rose to Rs 206.83 crore from Rs 171.64 crore over the same period.

Current assets were Rs 116.27 crore at September 30, compared with Rs 101.97 crore at the March 2026 year-end. Cash and cash equivalents rose to Rs 32.73 crore from Rs 3.50 crore, while trade receivables declined to Rs 42.97 crore from Rs 60.89 crore. Inventories increased to Rs 37.96 crore from Rs 34.13 crore, partly offsetting the reduction in receivables.

Non-current assets rose to Rs 143.08 crore from Rs 116.34 crore between March 31 and September 30, 2026. Non-current investments increased to Rs 69.53 crore from Rs 48.29 crore, and property, plant and equipment rose to Rs 71.68 crore from Rs 65.48 crore. Capital work-in-progress declined to Rs 34.02 lakh from Rs 1.41 crore during the same period.

How did Frontier Springs' cash flow and borrowings move?

Frontier Springs reported net cash from operating activities of Rs 63.48 crore in its cash-flow statement as at September 30, 2026. The statement showed Rs 76.17 crore of cash generated from operations before corporate social responsibility spending and tax paid, followed by tax paid of Rs 11.72 crore and corporate social responsibility expenditure of Rs 97.79 lakh.

Working-capital movements in the cash-flow statement included a Rs 17.92 crore reduction in sundry debtors, a Rs 3.83 crore increase in inventories and a Rs 5.72 crore increase in sundry creditors. The movement in debtors is consistent with the balance-sheet fall in trade receivables from Rs 60.89 crore at March 31, 2026, to Rs 42.97 crore at September 30, 2026.

Net cash used in investing activities was Rs 28.69 crore, including Rs 21.24 crore recorded for investment purchases and Rs 7.68 crore for property, plant and equipment purchases. Net cash used in financing activities was Rs 5.56 crore, including a Rs 5.21 crore repayment of short-term borrowings. Current borrowings fell to Rs 4.00 crore at September 30 from Rs 9.20 crore at March 31, while non-current borrowings declined to Rs 1.35 crore from Rs 1.60 crore.

Conclusion

Frontier Springs' September-quarter earnings rose faster than operating revenue, with net profit reaching Rs 21.33 crore on revenue from operations of Rs 99.73 crore. For the half year ended September 30, 2026, net profit was Rs 33.34 crore and revenue from operations was Rs 178.19 crore, while equity increased to Rs 218.67 crore and cash and cash equivalents reached Rs 32.73 crore.

The next disclosures will be relevant to the unresolved question of what drove the September-quarter profit increase, since the November 11, 2026 filing provides no management explanation by product, customer or segment. They will also show whether the September 30 reduction in receivables and the Rs 28.69 crore investing cash outflow are sustained; the filing discloses no earnings target, operating plan or scheduled future event.