Sayaji Industries Q2 FY27 Results: Revenue ₹263.55 Cr

What Sayaji Industries reported for Q2 FY27

Sayaji Industries Ltd (SAYAJIIND) announced its Q2 FY27 financial results on 22 October 2026 for the July to September 2026 quarter. The company reported revenue of ₹263.55 crore for the quarter ended 30 September 2026. Across the provided disclosures, the quarter also marked a return to profitability versus the year-ago period, where the company had reported losses.

The results were approved by the Board of Directors at its meeting held on 22 October 2026. The filings referenced unaudited standalone and consolidated financial statements along with a limited review report.

Revenue: growth year-on-year, decline quarter-on-quarter

For Q2 FY27, revenue was reported at ₹263.55 crore. This was stated as a 5.71% year-on-year (YoY) increase from ₹249.31 crore in Q2 FY26. However, it was also reported as an 8.51% quarter-on-quarter (QoQ) decline from ₹288.08 crore in the immediately preceding quarter.

The earlier quarter reference aligns with the quarter ended June 2026, where sales were around ₹288 crore and net profit was ₹7.33 crore, as cited in the provided context. This sets up a mixed picture for Q2 FY27: a better year-on-year top line, but softer sequential momentum.

Profitability: sequential pressure, YoY turnaround

The provided summary highlighted a sharp QoQ decline across profitability measures in Q2 FY27. Operating profit was reported at ₹14.53 crore, down 17.86% QoQ from ₹17.69 crore, while showing 775.81% YoY growth. PBDT was reported at ₹9.50 crore, down 35.42% QoQ from ₹14.71 crore, while up 230.32% YoY.

Profit before tax (PBT) was reported at ₹3.88 crore, down 58.50% QoQ from ₹9.35 crore, with 131.21% YoY growth. Net profit was reported at ₹3.14 crore, down 57.16% QoQ from ₹7.33 crore, while showing 134.24% YoY growth.

Separately, another data cut in the provided content stated net profit (PAT) at ₹3.42 crore for Q2 FY27 versus a loss of ₹9.22 crore in Q2 FY26, with revenue at ₹263.55 crore versus ₹249.31 crore. Yet another section quoted Q2 FY27 net profit at ₹390.75 lakh (₹3.91 crore) and PBT at ₹490.16 lakh (₹4.90 crore), alongside revenue from operations of ₹25,618.60 lakh (₹256.19 crore). These figures were attributed to company filings and a quarter-end date of 30 September 2026.

Key reported numbers (as provided)

Business segments: maize processing remains the core

The quarter’s revenue mix was described as being led by the Agro Processing Maize division. This segment generated ₹245.94 crore in revenue in Q2 FY27, up from ₹230.46 crore a year ago. The Spray Dried Food Products segment was also reported to have grown to ₹10.61 crore.

In contrast, the Agri Seeds segment saw a decline, with revenue reported at ₹7.36 crore compared with ₹10.05 crore in Q2 FY26. The segment split helps explain why topline growth continued even as overall profitability showed QoQ pressure, especially if margin profiles differed across segments.

Board approval and auditor review

The company disclosed that its Board approved the unaudited standalone and consolidated financial results at a meeting held on 22 October 2026. The statutory auditors, Shah & Shah Associates, issued an unmodified review report on the quarterly financials, as stated in the provided content.

The same set of corporate updates also referenced the submission of financial results for the quarter and half-year ended 30 September 2026, along with the auditors’ limited review report.

Inventory valuation change: FIFO to weighted average

Sayaji Industries disclosed a change in inventory valuation methodology from FIFO (First-In, First-Out) to the Weighted Average basis, effective from the quarter ended 30 June 2026. The company stated that the change was applied retrospectively to comparative periods.

The quantified impact described in the provided text included a retrospective adjustment that decreased the value of inventory by ₹9.03 lakh (₹0.0903 crore) and retained earnings by ₹6.76 lakh (₹0.0676 crore) as of 1 April 2025. This is a disclosure investors typically track because inventory valuation can influence reported margins and earnings across periods.

Market context in the numbers: YoY recovery, QoQ cooling

Based on the figures stated, Q2 FY27 reflected a year-on-year recovery in profitability, with the company moving from losses in the comparable quarter to a positive bottom line. At the same time, sequential comparisons showed a decline from the quarter ended June 2026 on key profit measures such as operating profit, PBDT, PBT, and net profit.

The reported total expenses of ₹261.49 crore, alongside revenue of ₹263.55 crore, indicates a narrow spread at the reported consolidated level for the quarter, consistent with the modest net profit numbers cited.

Company context: recent listing and leadership

Sayaji Industries’ listing date was provided as 17 August 2026. The chairperson was listed as Priyam B Mehta. With the company being recently listed, quarterly reporting and accounting policy disclosures may draw closer scrutiny as investors build a baseline for performance.

What investors will track next

The provided timeline referenced Q2 FY27 results being announced on 22 October 2026, and also noted earlier references to Q1 FY27 results dated 7 August 2026. Going forward, investors typically watch whether revenue growth sustains, whether segment contributions remain stable, and how costs move relative to sales, especially given the QoQ declines highlighted in operating and net profit.

Any further clarifications in subsequent filings on the standalone versus consolidated presentation of profit figures, and reconciliation of the different PAT values cited across summaries, would also matter for analysis.

Conclusion

Sayaji Industries reported Q2 FY27 revenue of ₹263.55 crore and a return to profit versus the year-ago quarter, while sequential profitability softened compared with the prior quarter. The board approved the unaudited results on 22 October 2026, alongside an unmodified auditor review report. Investors will now track follow-up disclosures and upcoming quarters for consistency in earnings, segment performance, and the impact of the inventory valuation policy change applied retrospectively.