Aditya Vision LimitedQ2 FY27 Results & Financial Update
Aditya Vision Limited: Q2 FY27 standalone results and company financials – revenue ₹586.00 Cr, PAT ₹18.00 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.
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Quarterly Results AnalysisExplore Aditya Vision 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
Aditya Vision Limited reported standalone revenue from operations of INR 586 crore for the quarter ended September 30, 2026, alongside total income of INR 588 crore inclusive of INR 2 crore in other income.
Profit before tax (PBT) for Q2 FY27 stood at INR 24 crore, while net profit (PAT) for the period was recorded at INR 18 crore after accounting for tax expenses of INR 6 crore.
On a sequential basis, revenue from operations contracted from INR 1,193 crore in the preceding quarter (Q1 FY27 ending June 30, 2026), reflecting distinct seasonal patterns inherent in consumer electronics retail demand.
Profitability also experienced a sequential moderation compared to the June 2026 quarter—where PBT reached INR 103 crore and PAT stood at INR 77 crore—consistent with lower top-line realization during the monsoon and pre-festive lean period.
Total expenses for the quarter were reported at INR 564 crore, comprising stock-in-trade purchases of INR 692 crore, inventory adjustments of negative INR 202 crore, employee benefits expense of INR 22 crore, finance costs of INR 10 crore, depreciation and amortization of INR 13 crore, and operating and other expenses of INR 28 crore.
Basic and diluted earnings per share (EPS) for the September 2026 quarter came in at INR 1, compared to INR 6 reported in the preceding June 2026 quarter.
Management and the board approved the standalone financial results during the meeting held on October 30, 2026, with a limited review conducted by statutory auditors MSKA & Associates LLP.
For the quarter ended September 30, 2026 (Q2 FY27), Aditya Vision Limited reported revenue from operations of INR 586 crore and total income of INR 588 crore on a standalone basis.
01 · Business model
What does Aditya Vision do?
Aditya Vision Limited operates as a multi-brand consumer electronics retail chain, engaging in the sale of home appliances, entertainment electronics, mobile handsets, and digital gadgets through its extensive physical store network.
The company's commercial footprint is concentrated primarily across regional markets in eastern India, offering consumers an organized destination for major household durable goods and consumer technology.
The operating model relies on maintaining broad product inventories across store locations to capture localized consumer demand, backed by structured vendor relationships and retail lease arrangements.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹586.00 Cr | ₹1,192.68 Cr |
| Total income | ₹588.00 Cr | ₹1,194.84 Cr |
| Profit before tax | ₹24.00 Cr | ₹102.82 Cr |
| Profit after tax | ₹18.00 Cr | ₹77.22 Cr |
| EPS | ₹1.00 | ₹5.97 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
The company explicitly notes in its financial disclosures that the sale of its products is seasonal in nature, leading to substantial quarter-on-quarter fluctuations in revenue realization.
The company explicitly notes that retail sales of its products are seasonal in nature, leading to distinct fluctuations in top-line performance across different quarters.
What drove margins
Purchases of stock-in-trade stood at INR 692 crore for Q2 FY27, offset by an inventory change adjustment of negative INR 202 crore as stock levels adjusted across the retail network.
Fixed and semi-variable overheads for the quarter included employee benefits of INR 22 crore, finance costs of INR 10 crore, depreciation and amortization of INR 13 crore, and operating and other expenses of INR 28 crore.
Changes in inventories of stock-in-trade stood at INR (202) crore for Q2 FY27, compared to INR 177 crore in Q1 FY27 and INR (128) crore in Q2 FY25.
Finance costs were held at INR 10 crore, while depreciation and amortization expenses accounted for INR 13 crore during the quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's business activity falls within a single primary business segment: the retail of electronic products. Consequently, all financial reporting is conducted on a single segment basis.
05 · Reported developments
What changed operationally
The company maintained positive profitability during Q2 FY27, reporting a net profit of INR 18 crore and PBT of INR 24 crore despite sequential revenue moderation.
06 · 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 generated from operating activities stood at INR 118 crore, supported by a profit before tax of INR 127 crore and adjustments for depreciation (INR 26 crore) and interest expenses (INR 22 crore).
Operating cash flow for H1 FY27 factored in a cash outflow of INR 25 crore toward inventory build-up, a decrease in other current assets yielding INR 24 crore, and a decrease in trade payables of INR 25 crore.
Net cash used in investing activities for the half year was INR 36 crore, which included INR 12 crore for the purchase of property, plant, and equipment and INR 28 crore invested in bank deposits. Financing cash outflows of INR 91 crore included lease liability payments of INR 28 crore, dividend payments of INR 16 crore, interest paid of INR 9 crore, and net borrowing repayments of INR 38 crore.
Net cash generated from operating activities for the half year ended September 30, 2026, was INR 118 crore, compared to INR 136 crore in the corresponding previous half year.
Inventories increased by INR 25 crore, other current assets decreased by INR 24 crore, and trade payables decreased by INR 25 crore during the half year.
Capital allocation & funding
As at September 30, 2026, current borrowings stood at INR 293 crore (compared to INR 331 crore as at March 31, 2026), while non-current lease liabilities were INR 240 crore and current lease liabilities were INR 42 crore.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor review scope
Statutory auditors MSKA & Associates LLP issued an unmodified review conclusion on the standalone financial results for the quarter and half year ended September 30, 2026.
08 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations decreased from INR 1,193 crore in Q1 FY27 to INR 586 crore in Q2 FY27, with net profit moving from INR 77 crore to INR 18 crore over the same comparative periods.
09 · Key Q&A
The quarter, answered directly
What does Aditya Vision do?
Aditya Vision Limited operates as a multi-brand consumer electronics retail chain, engaging in the sale of home appliances, entertainment electronics, mobile handsets, and digital gadgets through its extensive physical store network.
What is the clearest takeaway from Q2 FY27?
Aditya Vision Limited reported standalone revenue from operations of INR 586 crore for the quarter ended September 30, 2026, alongside total income of INR 588 crore inclusive of INR 2 crore in other income.
What drove revenue or demand?
The company explicitly notes in its financial disclosures that the sale of its products is seasonal in nature, leading to substantial quarter-on-quarter fluctuations in revenue realization.
What mattered most for margins or profitability?
Purchases of stock-in-trade stood at INR 692 crore for Q2 FY27, offset by an inventory change adjustment of negative INR 202 crore as stock levels adjusted across the retail network.
What changed operationally beyond the headline numbers?
Statutory auditors MSKA & Associates LLP issued an unmodified review conclusion on the standalone financial results for the quarter and half year ended September 30, 2026.
What should the next disclosure help confirm?
Monitor subsequent quarterly performance for sequential revenue recovery driven by the peak festive consumer demand period in the second half of the fiscal year.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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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.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Festive season sales performance: Monitor subsequent quarterly performance for sequential revenue recovery driven by the peak festive consumer demand period in the second half of the fiscal year.
- 02
Seasonal revenue progression: Monitor upcoming quarterly disclosures to assess sequential recovery and festive-season volume uptake in retail electronics.
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