Shaily Engineering Q2 FY27 Profit Rises 63% to ₹66.94 Crore

Q2 results show higher standalone profit and revenue

Shaily Engineering Plastics Limited reported unaudited standalone net profit after tax of ₹66.94 crore for the quarter ended September 30, 2026. The figure was 63% higher than the ₹41.04 crore reported in the corresponding quarter of the previous financial year. Standalone revenue from operations rose 31% year-on-year to ₹309.72 crore from ₹235.61 crore. Profit before tax stood at ₹90.23 crore, while total comprehensive income was ₹67.73 crore.

The company disclosed the results after its Board of Directors meeting on October 29, 2026. The board considered and approved both the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30. Statutory auditor B S R and Co issued an unmodified review report on the financial statements. An unmodified report means the auditor did not modify its conclusion on the reviewed financial information.

Standalone quarterly financial snapshot

The quarterly numbers show growth in both the top line and profit compared with Q2 FY26. Revenue from operations increased by ₹74.11 crore year-on-year, while standalone net profit rose by ₹25.90 crore. The company’s total comprehensive income was marginally above reported profit after tax because it also includes other comprehensive income.

The company’s result release also cited quarterly revenue of about ₹320 crore in rounded terms. The exact consolidated revenue from operations for the quarter was ₹319.53 crore. Investors should distinguish between the standalone and consolidated figures, as they represent different reporting bases.

Consolidated revenue reaches ₹319.53 crore

On a consolidated basis, Shaily Engineering Plastics reported revenue from operations of ₹319.53 crore in Q2 FY27. This was 24% higher than the ₹257 crore reported for the corresponding prior-year period. Consolidated profit before tax was ₹84.56 crore, compared with ₹65.69 crore a year earlier.

Consolidated net profit for the quarter was ₹61.27 crore, up 19.5% from ₹51.25 crore in Q2 FY26. The consolidated accounts include wholly owned subsidiaries Shaily Innovations Ltd and Shaily Innovations FZCO. The difference between standalone and consolidated profit reflects the financial results of these group entities and consolidation-related adjustments.

Half-year standalone performance

For the six months ended September 30, 2026, Shaily Engineering Plastics reported standalone revenue from operations of ₹584.50 crore. Standalone profit before tax for the first half was ₹160.63 crore. Net profit after tax came in at ₹119.41 crore, while total comprehensive income was ₹119.40 crore.

The half-year outcome adds the September-quarter performance to the June-quarter results. In Q1 FY27, the company had reported consolidated revenue of about ₹280.7 crore and consolidated net profit of ₹48 crore. The latest quarter therefore represents a higher quarterly revenue level than the preceding quarter on the consolidated basis.

Operating cash flow and investment outflow

The company also reported consolidated operating cash flow of ₹110.46 crore for the first half of FY27. Investing cash outflow during the same six-month period was ₹89.42 crore. These are cash flow measures and should not be treated as the same as reported profit.

Operating cash flow indicates cash generated from business operations, while investing outflow can include spending on assets and other investments. The disclosed figures show that the group generated operating cash during the first half while also recording a substantial investing outflow. The available data does not provide a detailed break-up of the investments.

Healthcare segment provided earlier growth support

Shaily Engineering Plastics had reported growth in its healthcare business during Q1 FY27. Healthcare revenue increased 85% year-on-year in that quarter, and the segment accounted for 51% of sales, according to the company’s earlier disclosures. The company had linked this growth to new drug delivery device projects.

The consumer segment, by contrast, had declined 24% in Q1 FY27 amid weak European and US demand. Industrial revenue had grown 25% in that quarter. These earlier operating trends provide context for the company’s first-half financial performance, although the Q2 release does not provide a segment-wise revenue break-up.

Comparison with the previous year

The Q2 FY27 result follows a strong prior-year base. In Q2 FY26, the company had reported consolidated revenue of ₹257 crore and consolidated net profit of ₹51.25 crore. Its standalone revenue in that quarter was ₹235.61 crore and standalone profit after tax was ₹41.04 crore.

The current quarter’s 31% standalone revenue growth exceeded the 24% growth recorded in consolidated revenue. Meanwhile, standalone profit after tax grew faster than consolidated net profit. The reported numbers show continued year-on-year expansion, but the company has not provided a detailed explanation of all factors behind the quarter’s movement in the supplied financial information.

What the results mean for investors

The results place focus on revenue growth, profitability and cash generation across Shaily Engineering Plastics and its subsidiaries. The standalone business recorded higher revenue and a larger increase in net profit than the prior-year quarter. At the group level, revenue, profit before tax and net profit also increased year-on-year.

For investors, the distinction between the two reporting formats remains important. Standalone results cover Shaily Engineering Plastics Limited, while consolidated results include its wholly owned subsidiaries. Comparing a standalone metric with a consolidated metric can lead to an inaccurate assessment of quarterly performance.

Board approval and scheduled investor interaction

The Board of Directors approved the Q2 and half-year unaudited financial results on Thursday, October 29, 2026. The company had previously informed exchanges that the board would meet to consider the results. Its trading window had been closed from October 1, 2026 until 48 hours after the announcement of the financial results.

Shaily Engineering Plastics has scheduled an earnings call with analysts and investors for October 30, 2026 at 4:00 p.m. IST. The interaction may provide further detail on the quarterly performance, business segments, cash flow and investment activity. For now, the reported Q2 FY27 numbers show higher year-on-year revenue and profit on both standalone and consolidated bases.