Shekhawati Industries LimitedQ2 FY27 Results & Financial Update

Shekhawati Industries Limited: Q2 FY27 standalone results and company financials – revenue ₹4.04 Cr, PAT ₹-1.81 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SHEKHAWATIPublished 21 Oct 2026Updated 21 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹4.04 CrReported Q2 FY27
Profit after tax₹-1.81 CrReported Q2 FY27
Sequential change+164.0%Quarter-on-quarter

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Quarterly Results AnalysisExplore Shekhawati Industries 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

01

For the quarter ended September 30, 2026, Shekhawati Industries reported total revenue from operations of INR 4.0408 crore, reflecting an expansion compared to the preceding first quarter of fiscal 2027.

02

Total income for Q2 FY27 stood at INR 4.0670 crore, supported by other operating revenue and other income items recorded during the period under review.

03

The company incurred a loss before tax (PBT) of INR 1.8021 crore during the second quarter, reversing from the profitable PBT position reported in Q1 FY27.

04

Net profit after tax (PAT) for the quarter settled at a loss of INR 1.8088 crore, accompanied by basic and diluted earnings per share of negative INR 0.54.

05

Segment reporting for the quarter indicates that textile operations generated INR 4.0408 crore in revenue, while real estate operations registered nil operating revenue for the period.

06

Textile operations posted a segment loss of INR 0.5755 crore at the operating level before unallocable expenses and finance costs.

07

Finance costs for the quarter were recorded at INR 0.2262 crore, while depreciation and amortization expenses stood at INR 0.4086 crore.

01 · Business model

What does Shekhawati Industries do?

Shekhawati Industries Limited (formerly known as Shekhawati Poly-Yarn Limited) operates primarily in the textile sector, focusing on textile operations alongside secondary involvement in real estate operations.

The company's revenue engines are anchored in the sale of textile products, complemented by ancillary operating revenues, job work, and other income sources from its corporate assets.

Its manufacturing and commercial footprint is directed from its registered office in Malad, Mumbai, serving domestic markets and managing segment-specific asset allocations.

The underlying economic model reflects a traditional textile manufacturer seeking top-line expansion while managing input material volatility, finance costs, and segment assets.

02 · Historical context

What shaped the business before this quarter

Name Change

Previously known as Shekhawati Poly-Yarn Limited, the company formally transitioned its corporate identity to Shekhawati Industries Limited.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹4.04 Cr₹1.53 Cr
Total income₹4.07 Cr₹9.75 Cr
Profit before tax₹-1.80 Cr₹-6.52 Cr
Profit after tax₹-1.81 Cr₹6.37 Cr
EPS₹-0.54₹1.85

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -44.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to -44.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.03 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Textile Operations Segment

Generated INR 4.0408 crore in revenue for Q2 FY27, representing the core operational top-line driver for the company.

Other Operating Income

Contributed additional income streams of INR 0.0328 crore to the top-line figures during the quarter.

What drove margins

Material Consumption

Cost of materials consumed amounted to INR 3.4714 crore during the quarter, forming the primary component of operating expenses.

Employee and Finance Expenses

Employee benefits expenses stood at INR 0.6749 crore, while finance costs added INR 0.2262 crore to quarterly overheads.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Textile Operations

Recorded segment revenue of INR 4.0408 crore with a segment operating result showing a loss of INR 0.5755 crore.

Real Estate Operations

Reported nil segment revenue for Q2 FY27, while maintaining segment assets of INR 23.3124 crore.

06 · Reported developments

What changed operationally

Sequential Revenue Growth

Operating revenue improved to INR 4.0408 crore in Q2 FY27 compared to INR 1.5213 crore in Q1 FY27.

07 · Pressure points & risks

What is not going smoothly

Bottom-line Losses

The company slipped into a net loss of INR 1.8088 crore for the quarter, compared to a profit position in the preceding quarter.

08 · Items worth noticing

The line items that can distort a quick read

Tax Expense

Recorded current tax expenses of INR 0.0069 crore for the quarter ended September 30, 2026.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Board and Management Updates

The Board of Directors approved the appointment of Mr. Shrey Mukesh Ruia as an Executive Director through a postal ballot notice.

10 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue Movement

Operating revenue increased from INR 1.5213 crore in Q1 FY27 to INR 4.0408 crore in Q2 FY27.

11 · Key Q&A

The quarter, answered directly

What does Shekhawati Industries do?

Shekhawati Industries Limited (formerly known as Shekhawati Poly-Yarn Limited) operates primarily in the textile sector, focusing on textile operations alongside secondary involvement in real estate operations.

What is the clearest takeaway from Q2 FY27?

For the quarter ended September 30, 2026, Shekhawati Industries reported total revenue from operations of INR 4.0408 crore, reflecting an expansion compared to the preceding first quarter of fiscal 2027.

What drove revenue or demand?

Generated INR 4.0408 crore in revenue for Q2 FY27, representing the core operational top-line driver for the company.

What mattered most for margins or profitability?

Cost of materials consumed amounted to INR 3.4714 crore during the quarter, forming the primary component of operating expenses.

What changed operationally beyond the headline numbers?

The Board of Directors approved the appointment of Mr. Shrey Mukesh Ruia as an Executive Director through a postal ballot notice.

What are the main pressure points disclosed for the quarter?

The company slipped into a net loss of INR 1.8088 crore for the quarter, compared to a profit position in the preceding quarter.

12 · 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.

13 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Segment Performance Recovery: Monitor whether textile segment operations can achieve operating profitability in subsequent quarters.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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