Siyaram Silk Mills LimitedQ2 FY27 Results & Financial Update

Siyaram Silk Mills Limited: Q2 FY27 consolidated results and company financials – revenue ₹813.58 Cr, PAT ₹74.50 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: SIYSILPublished 28 Oct 2026Updated 28 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹813.58 CrReported Q2 FY27
Profit after tax₹74.50 CrReported Q2 FY27
Sequential change+576.6%Quarter-on-quarter

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Quarterly Results AnalysisExplore Siyaram Silk Mills 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

Siyaram Silk Mills Limited reported consolidated revenue from operations of INR 813.58 crore for the quarter ended September 30, 2026, marking a robust expansion compared to the preceding quarter.

02

Total income for Q2 FY27 stood at INR 828.14 crore, supported by revenue from operations alongside other operating and non-operating income streams.

03

Profit before tax (PBT) reached INR 98.72 crore for the quarter, demonstrating strong sequential earnings recovery from the previous period.

04

Profit after tax (PAT) for the reporting period registered at INR 74.50 crore, resulting in basic and diluted earnings per share (EPS) of INR 16.42.

05

Total expenses and cost structures during the quarter were managed alongside a tax provision of INR 24.22 crore and finance costs of INR 11.98 crore.

06

Depreciation and amortisation charges for the quarter were accounted at INR 19.96 crore, reflecting ongoing asset maintenance and capital deployment.

07

Siyaram Silk Mills Limited reported consolidated revenue from operations of INR 813.58 crore for the quarter ended September 30, 2026, marking a substantial sequential expansion compared to the preceding quarter's revenue of INR 445.66 crore.

08

Total income for Q2 FY27 stood at INR 828.14 crore, supported by total other income of INR 14.56 crore, which included interest income of INR 14.72 crore.

01 · Business model

What does Siyaram Silk Mills do?

Siyaram Silk Mills Limited operates as an integrated textile and apparel manufacturer in India, specializing in blended fabrics, ready-made garments, and high-fashion textiles.

The company's primary revenue engines span branded fabric production, garment tailoring, and a comprehensive retail distribution network serving domestic and institutional customers.

Its commercial footprint encompasses diverse product lines including suitings, shirtings, and apparel brands that cater to various segments of the Indian consumer market.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹813.58 Cr₹445.66 Cr
Total income₹828.14 Cr₹467.35 Cr
Profit before tax₹98.72 Cr₹14.40 Cr
Profit after tax₹74.50 Cr₹11.01 Cr
EPS₹16.42₹2.43

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 9.2% 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 12.1% 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 ₹14.56 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.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Sequential Revenue Acceleration

Revenue from operations surged to INR 813.58 crore in Q2 FY27 from INR 445.66 crore in Q1 FY27, reflecting strong sequential demand revival.

Total Income Generation

Total income reached INR 828.14 crore, augmented by other income components including interest income of INR 14.72 crore.

Seasonal Festive Demand

Revenue grew significantly to INR 813.58 crore in Q2 FY27 from INR 445.66 crore in Q1 FY27, driven by trade preparation and seasonal demand ahead of the festive and wedding quarters.

Other Income Contribution

Total income reached INR 828.14 crore, bolstered by INR 14.56 crore in other income, which featured INR 14.72 crore of interest income.

What drove margins

Finance Costs

Finance costs stood at INR 11.98 crore for the quarter, reflecting the cost of borrowings supporting operational and capital requirements.

Depreciation Impact

Depreciation and amortisation expenses were recorded at INR 19.96 crore for Q2 FY27.

Operating Leverage

The substantial quarter-on-quarter revenue expansion allowed fixed manufacturing and operating costs to be spread over a larger top-line base, lifting the PAT margin to 9.16%.

Cost Structure

Finance costs stood at INR 11.98 crore and depreciation and amortisation expenses were recorded at INR 19.96 crore for the quarter.

04 · Reported developments

What changed operationally

Earnings Growth

Net profit expanded significantly to INR 74.50 crore, accompanied by an increase in earnings per share to INR 16.42.

Strong Sequential Financial Recovery

Consolidated PAT increased to INR 74.50 crore in Q2 FY27 from INR 11.01 crore in Q1 FY27, accompanied by an EPS increase to INR 16.42.

05 · Items worth noticing

The line items that can distort a quick read

Provisions

The company reported provisions of INR 6.15 crore during the quarter.

Tax Expense

The company recorded a tax expense of INR 24.22 crore for the quarter on a PBT of INR 98.72 crore.

Provisions

Total provisions for the quarter were reported at INR 6.15 crore.

06 · Beyond the numbers

What changed beyond the numbers

Reported update

Statutory Filing Disclosure

The financial results were reviewed by the audit committee and approved by the board of directors in accordance with regulatory filing norms.

07 · Previous-quarter changes

What changed since the previous quarter

Sequential Top-Line Recovery

Revenue increased from INR 445.66 crore in Q1 FY27 to INR 813.58 crore in Q2 FY27.

Sequential Top-Line Expansion

Revenue from operations increased by 82.56% quarter-on-quarter from INR 445.66 crore in Q1 FY27 to INR 813.58 crore in Q2 FY27.

08 · Key Q&A

The quarter, answered directly

What does Siyaram Silk Mills do?

Siyaram Silk Mills Limited operates as an integrated textile and apparel manufacturer in India, specializing in blended fabrics, ready-made garments, and high-fashion textiles.

What is the clearest takeaway from Q2 FY27?

Siyaram Silk Mills Limited reported consolidated revenue from operations of INR 813.58 crore for the quarter ended September 30, 2026, marking a robust expansion compared to the preceding quarter.

What drove revenue or demand?

Revenue from operations surged to INR 813.58 crore in Q2 FY27 from INR 445.66 crore in Q1 FY27, reflecting strong sequential demand revival.

What mattered most for margins or profitability?

Finance costs stood at INR 11.98 crore for the quarter, reflecting the cost of borrowings supporting operational and capital requirements.

What changed operationally beyond the headline numbers?

The financial results were reviewed by the audit committee and approved by the board of directors in accordance with regulatory filing norms.

What should the next disclosure help confirm?

Monitor subsequent financial disclosures for sustained revenue momentum and margin stability.

09 · 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.

10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Quarter Performance: Monitor subsequent financial disclosures for sustained revenue momentum and margin stability.

  2. 02

    Sustained Margin Performance: Monitor whether the operating and PAT margins achieved in Q2 FY27 can be sustained in subsequent quarters post-festive season.

  3. 03

    Working Capital and Cash Flows: Track inventory levels and receivable cycles associated with the seasonal build-up and subsequent liquidation of festive trade inventories.

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.

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