Essen Speciality Films LimitedQ2 FY27 Results & Financial Update
Essen Speciality Films Limited: Q2 FY27 standalone results and company financials – revenue ₹28.91 Cr, PAT ₹-0.28 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Essen Speciality Films price & chart
Market price₹119.80
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Essen Speciality Films Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the quarter ended September 30, 2026, Essen Speciality Films reported revenue from operations of INR 28.91 crore, marking a contraction compared to INR 31.65 crore in the preceding quarter (Q1 FY27) and INR 48.35 crore in Q2 FY25.
Total income for Q2 FY27 stood at INR 28.96 crore, incorporating INR 0.05 crore of other income, which marked a notable decline from INR 61.35 lakh reported under other income in Q1 FY27.
The company slipped into a net loss of INR 0.28 crore for the quarter, compared to a net profit of INR 0.36 crore in Q1 FY27 and INR 5.19 crore in the corresponding period of the previous year.
Profit before tax (PBT) stood at a negative INR 0.85 crore, impacted by operating cost pressures and provisions, worsening from the negative INR 0.36 crore recorded in the June 2026 quarter.
Basic and diluted earnings per share (EPS) for the quarter were reported at negative INR 0.11, down from positive INR 0.15 in the previous quarter.
Tax expense for the quarter was a negative INR 0.57 crore on account of deferred tax adjustments, cushioning the bottom line compared to the pre-tax loss.
For the quarter ended September 30, 2026, Essen Speciality Films reported revenue from operations of INR 28.91 crore, marking a sequential contraction compared to the previous quarter.
Total income for Q2 FY27 stood at INR 28.96 crore, supported by a minor contribution of INR 0.05 crore from other income.
01 · Business model
What does Essen Speciality Films do?
Essen Speciality Films Limited is engaged in the manufacturing of plastic and home decor products, operating out of its registered facility in Veraval (Shapar), Rajkot, Gujarat.
The company generates its primary revenue from the sale of speciality polymer films and finished home decor consumer goods, catering to both domestic and export markets.
Its economic model depends heavily on polymer raw material pricing, efficient plant utilisation, and working capital management across its manufacturing operations.
02 · Historical context
What shaped the business before this quarter
During the half-year ended September 30, 2026, cumulative revenue from operations reached INR 60.56 crore with a modest net profit after tax of INR 0.08 crore.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹28.91 Cr | ₹31.65 Cr |
| Total income | ₹28.96 Cr | ₹32.26 Cr |
| Profit before tax | ₹-0.85 Cr | ₹-0.36 Cr |
| Profit after tax | ₹-0.28 Cr | ₹0.36 Cr |
| EPS | ₹-0.11 | ₹0.15 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations dropped to INR 28.91 crore in Q2 FY27 from INR 31.65 crore in Q1 FY27, reflecting softer order flows and realisations.
Revenue from operations stood at INR 28.91 crore in Q2 FY27, representing an 8.66% decline compared to INR 31.65 crore reported in Q1 FY27.
Other income dropped sharply to INR 0.05 crore during the quarter from INR 0.61 crore in the preceding quarter.
What drove margins
Cost of materials consumed stood at INR 17.38 crore, accompanied by a positive inventory change of INR 0.49 crore for finished goods, work-in-progress, and stock-in-trade.
Employee benefit expenses amounted to INR 5.33 crore, while other expenses remained elevated at INR 5.12 crore for the quarter.
Finance costs were reported at INR 0.51 crore and depreciation and amortisation expenses stood at INR 0.97 crore, maintaining steady fixed overheads against a declining revenue base.
Cost of materials consumed was INR 17.38 crore, reflecting polymer and input price dynamics relative to the top line.
Employee benefits expense stood at INR 5.33 crore, forming a notable component of fixed operational overheads.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single reportable segment, namely the manufacturing of plastic and home decor products, in accordance with Ind AS 108.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
Capital work-in-progress expanded to INR 44.67 crore as of September 30, 2026, up from INR 32.64 crore as of March 31, 2026, indicating ongoing facility investments.
Property, plant and equipment stood at INR 42.45 crore at the end of September 2026, compared to INR 41.56 crore at the end of the previous fiscal year.
07 · Reported developments
What changed operationally
The statutory auditors issued an unmodified limited review report on the standalone financial results for the quarter and half-year ended September 30, 2026.
08 · Pressure points & risks
What is not going smoothly
The company reported a net loss of INR 0.28 crore for Q2 FY27 alongside a negative PBT of INR 0.85 crore due to compressed operating margins and lower other income.
The company recorded a net loss after tax of INR 0.28 crore for Q2 FY27, driven by higher operating expenses relative to revenue.
09 · Items worth noticing
The line items that can distort a quick read
Deferred tax credit of INR 0.57 crore partially offset pre-tax losses during the quarter, resulting in a reduced net loss.
The company booked a deferred tax credit of INR 0.57 crore during Q2 FY27, which lowered the net loss for the period.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half-year ended September 30, 2026, net cash flow used in operating activities was INR 125.71 lakh, affected by changes in working capital assets and liabilities.
Net cash used in investing activities stood at INR 1,104.17 lakh, driven by property, plant, and equipment purchases of INR 1,483.41 lakh, while net cash from financing activities reached INR 1,232.50 lakh.
Net cash flow from operating activities for the half-year ended September 30, 2026, was negative at INR 1.26 crore, impacted by working capital changes.
Net cash used in investing activities for H1 FY27 was INR 11.04 crore, primarily driven by property, plant, and equipment purchases, while financing activities generated net positive inflows of INR 12.33 crore.
Capital allocation & funding
Non-current borrowings stood at INR 32.92 crore as of September 30, 2026, compared to INR 18.66 crore as of March 31, 2026, while current borrowings were INR 27.27 crore.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Labour Code Impact Assessment
The statutory auditors noted that the Ministry of Labour & Employment published draft Central Rules and FAQs regarding the four consolidated labour codes effective November 2025, and management assessed the financial impact as not material.
12 · Previous-quarter changes
What changed since the previous quarter
Revenue decreased by 8.66% sequentially from INR 31.65 crore in Q1 FY27 to INR 28.91 crore in Q2 FY27, while net profit moved from a positive INR 0.36 crore to a net loss of INR 0.28 crore.
Revenue from operations contracted by 8.66% sequentially from INR 31.65 crore in Q1 FY27 to INR 28.91 crore in Q2 FY27.
13 · Key Q&A
The quarter, answered directly
What does Essen Speciality Films do?
Essen Speciality Films Limited is engaged in the manufacturing of plastic and home decor products, operating out of its registered facility in Veraval (Shapar), Rajkot, Gujarat.
What is the clearest takeaway from Q2 FY27?
For the quarter ended September 30, 2026, Essen Speciality Films reported revenue from operations of INR 28.91 crore, marking a contraction compared to INR 31.65 crore in the preceding quarter (Q1 FY27) and INR 48.35 crore in Q2 FY25.
What drove revenue or demand?
Revenue from operations dropped to INR 28.91 crore in Q2 FY27 from INR 31.65 crore in Q1 FY27, reflecting softer order flows and realisations.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 17.38 crore, accompanied by a positive inventory change of INR 0.49 crore for finished goods, work-in-progress, and stock-in-trade.
What changed operationally beyond the headline numbers?
Capital work-in-progress expanded to INR 44.67 crore as of September 30, 2026, up from INR 32.64 crore as of March 31, 2026, indicating ongoing facility investments.
What are the main pressure points disclosed for the quarter?
The company reported a net loss of INR 0.28 crore for Q2 FY27 alongside a negative PBT of INR 0.85 crore due to compressed operating margins and lower other income.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Capital Work-in-Progress Commissioning: Monitor the conversion of capital work-in-progress (standing at INR 44.67 crore) into operational property, plant, and equipment.
- 02
Margin Recovery and Demand Trends: Track future quarterly revenue recovery and operating cost rationalisation to gauge a return to profitability.
- 03
Margin Recovery: Track top-line growth and cost containment to assess a return to net profitability in upcoming quarters.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.