Pacific Industries Q2 profit jumps to Rs 1.4993 crore year-on-year

Pacific Industries Limited reported consolidated net profit of Rs 1.4993 crore for the quarter ended September 30, 2026, up from Rs 32.55 lakh a year earlier, as revenue from operations increased 52% to Rs 60.329 crore. Total income rose faster than total expenses, lifting profit before tax to Rs 2.0893 crore.

How did Pacific Industries perform in Q2?

Pacific Industries reported higher consolidated revenue, profit before tax and net profit in the quarter ended September 30, 2026. Revenue from operations rose from Rs 39.5903 crore in the quarter ended September 30, 2025 to Rs 60.329 crore, an increase of Rs 20.7387 crore. Other income increased to Rs 2.2738 crore from Rs 1.9811 crore, taking total income to Rs 62.6028 crore.

Pacific Industries recorded profit before tax of Rs 2.0893 crore in Q2, compared with Rs 35.99 lakh in the corresponding quarter a year earlier. Net profit was Rs 1.4993 crore after current tax of Rs 74.41 lakh and deferred tax and other taxes of negative Rs 15.41 lakh. Basic and diluted earnings per share were both Rs 2.18, against Rs 0.47 in the September 2025 quarter.

What drove Pacific Industries' Q2 profit increase?

Pacific Industries' profit before tax increased because its Rs 21.0314 crore rise in total income exceeded its Rs 19.302 crore increase in total expenses during Q2. Total expenses reached Rs 60.5135 crore, while total income was Rs 62.6028 crore. The quarterly statement reported no exceptional items in either the September 2026 or September 2025 comparison columns.

Materials consumed, including consumables, rose to Rs 31.1234 crore from Rs 19.7349 crore in the year-earlier quarter. Other expenses more than doubled to Rs 22.3579 crore from Rs 10.4085 crore, while employee benefits expense increased to Rs 3.5104 crore from Rs 2.7275 crore. The change in inventories was negative Rs 3.6212 crore, compared with a positive Rs 3.1735 crore in the prior-year quarter.

Finance cost declined to Rs 55.20 lakh from Rs 1.0133 crore, while depreciation and amortisation fell to Rs 2.2581 crore from Rs 2.4125 crore. Purchases of stock-in-trade increased to Rs 4.3329 crore from Rs 1.7414 crore. Current tax rose to Rs 74.41 lakh from Rs 8.42 lakh alongside the increase in reported profit before tax.

How did Pacific Industries perform in the first half?

Pacific Industries reported consolidated net profit of Rs 3.1897 crore for the half year ended September 30, 2026, compared with Rs 1.2524 crore for the corresponding half year ended September 30, 2025. Revenue from operations increased to Rs 124.2485 crore from Rs 89.246 crore. Total income rose to Rs 129.059 crore from Rs 92.6034 crore.

Pacific Industries' first-half profit before tax was Rs 4.4234 crore, compared with Rs 1.6367 crore a year earlier. Total expenses increased by Rs 33.6689 crore to Rs 124.6356 crore, below the Rs 36.4556 crore increase in total income. This comparison differs from the September quarter only in scale: income growth also exceeded expense growth over the six-month period.

Materials cost for the half year was Rs 76.1183 crore, up from Rs 48.1062 crore, and other expenses were Rs 38.0547 crore, against Rs 19.0388 crore. Finance cost declined to Rs 1.3144 crore from Rs 2.0812 crore, while depreciation and amortisation decreased to Rs 4.542 crore from Rs 4.7974 crore. Basic and diluted earnings per share for the half year were Rs 4.63, compared with Rs 1.82.

What does Pacific Industries' balance sheet show?

Pacific Industries reported consolidated total assets of Rs 569.0782 crore as of September 30, 2026, compared with Rs 552.2117 crore at March 31, 2026. Non-current assets declined to Rs 313.9659 crore from Rs 315.9334 crore. Current assets increased to Rs 255.1123 crore from Rs 236.2783 crore, accounting for the increase in total assets.

Pacific Industries' total current liabilities rose to Rs 95.0424 crore at September 30, 2026 from Rs 81.7355 crore at March 31, 2026. Current tax liabilities were Rs 1.7682 crore, compared with Rs 24.18 lakh at the preceding financial year-end. Total equity and liabilities were Rs 569.0782 crore, equal to the reported total assets at September 30, 2026.

The paid-up equity share capital was Rs 6.8927 crore at September 30, 2026, unchanged from the corresponding quarterly and half-yearly comparison periods. The filing also listed reserves excluding revaluation reserve of Rs 436.4053 crore as per the previous accounting year's balance sheet. The statement does not provide a separate segment breakdown because Pacific Industries said it operates in one business segment.

What did the review report and disclosures say?

Ravi Sharma & Co. stated that nothing had come to its attention in its limited review to indicate that the unaudited consolidated results for the quarter and half year ended September 30, 2026 contained a material misstatement. The firm said its work was conducted under Indian Accounting Standard 34, or Ind AS 34, Interim Financial Reporting. It also stated that a review provides moderate assurance and is narrower in scope than an audit.

The reviewer relied on other auditors for two wholly owned Indian subsidiaries and one wholly owned US subsidiary. Their reported revenues totalled Rs 4.5448 crore for the September 2026 quarter and Rs 5.3056 crore for the half year. Pacific Industries identified the consolidated entities as Gist Minerals Technologies Limited, Gaze Fashiontrade Limited and Taanj Quartz INC.

Pacific Industries also disclosed an income-tax matter following a search and survey at its factory and other premises in February 2023. The Income Tax Department completed its assessment, and Pacific Industries filed appeals against the resulting demand before the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal. The matter was pending as of the November 5, 2026 filing.

What other unresolved matter did Pacific Industries disclose?

Pacific Industries said it is reclaiming physical share certificates transferred to the Investor Education and Protection Fund, or IEPF, under the Companies Act provisions and related rules. The filing said the physical certificates had been misplaced and that the company was in the process of reclaiming them. Any dividend on those shares will be accounted for after it is received or accrued from the IEPF.

Pacific Industries said the fair value of investments in unquoted securities or other interests was determined using the latest available audited financial statements of the respective investments. The September 30, 2026 results were prepared under Ind AS and were approved by the board on November 5, 2026. Previous-period figures were regrouped or reclassified where necessary for comparability, according to the notes.

Conclusion

Pacific Industries converted a Rs 32.55 lakh consolidated net profit in the September 2025 quarter into Rs 1.4993 crore in the September 2026 quarter, alongside a 52% increase in revenue from operations to Rs 60.329 crore. The first-half result showed the same direction, with net profit rising to Rs 3.1897 crore as total income growth exceeded expense growth.

The disclosed matters to watch are the pending appeals arising from the February 2023 income-tax search and survey, and Pacific Industries' process to reclaim physical share certificates from the IEPF. The November 5, 2026 filing did not set a future revenue, profit or capital-expenditure target.