Narmada Macplast Drip Irrigation Systems Ltd (517431)
Q2 FY27 results
Narmada Macplast Drip Irrigation Systems Ltd reported Q2 FY27 results on 15 Oct 2026: revenue ₹3.2 Cr (+3.8% year on year, -11.9% on the previous quarter), and net profit ₹0.5 Cr (+22.2% year on year); the operating margin was 19.3%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.2 | +3.8% | -11.9% |
| Operating profit | ₹0.6 | +14.1% | +2.9% |
| Net profit | ₹0.5 | +22.2% | +11.1% |
| EPS (₹) | adj. 0.14 | +25.5% | +11.3% |
| Operating margin | 19.3% | — | — |
EPS restated for the 1:1 bonus of Oct 2025 and the ₹10 to ₹2 split of Oct 2025: Q2 FY27 ₹1.38 to ₹0.14; Q1 FY27 ₹1.24 to ₹0.12.
- Profit +12% above its own trend
- Operating margin expanded 175 bps YoY
- Operating cash flow was negative in FY26 despite a profit
Quality of profit: of pre-tax profit of ₹0.6 Cr, ₹0.6 Cr (100%) came from the core business and the rest from other income and one-off items. Core profit (operating profit less interest and depreciation) moved +14.0% year on year.
Against its own trend: net profit of ₹0.5 Cr was +12.4% against the ₹0.4 Cr its recent growth pointed to (above trend). This is a statistical baseline, not an analyst estimate.
📢 Recent Corporate Announcements
Narmada Macplast Drip Irrigation Systems reported its Q2 FY27 (quarter ended Sep 30, 2026) results with revenue from operations at ₹324.91 lakh (₹3.25 cr), up 3.8% YoY from ₹313.00 lakh but down 11.9% QoQ from ₹368.73 lakh. Net profit grew 23.1% YoY to ₹50.10 lakh (₹0.50 cr) compared to ₹40.71 lakh in Q2 FY26. For H1 FY27, revenue reached ₹693.65 lakh with net profit of ₹95.19 lakh. Operating cash flow for H1 FY27 was positive at ₹5.00 lakh against negative ₹23.67 lakh in H1 FY26.
- Q2 revenue from operations stood at ₹324.91 lakh, up 3.8% YoY from ₹313.00 lakh
- Profit after tax increased 23.1% YoY to ₹50.10 lakh vs ₹40.71 lakh in Q2 FY26
- H1 FY27 revenue reached ₹693.65 lakh with PAT of ₹95.19 lakh
- Basic and diluted EPS for Q2 stood at ₹1.38 compared to ₹1.12 in Q2 FY26
- Operating cash flow turned positive to ₹5.00 lakh for H1 FY27 from negative ₹23.67 lakh in H1 FY26
Narmada Macplast Drip Irrigation Systems reported standalone revenue from operations of Rs 368.73 Lakhs for the quarter ended June 30, 2026, marking an 18.89% YoY growth from Rs 310.16 Lakhs in the previous year quarter. Net profit rose 12.45% YoY to Rs 45.08 Lakhs compared to Rs 40.09 Lakhs in June 2025, while remaining flat QoQ vs Rs 44.91 Lakhs in March 2026. Basic and diluted EPS for the quarter stood at Rs 1.24 compared to Rs 1.11 in the year-ago period. The company operates with zero finance costs for the quarter.
- Revenue from operations grew 18.89% YoY to Rs 368.73 Lakhs vs Rs 310.16 Lakhs in Q1 FY26
- Net profit (PAT) increased 12.45% YoY to Rs 45.08 Lakhs from Rs 40.09 Lakhs
- Total expenses stood at Rs 307.81 Lakhs, dominated by purchases of stock-in-trade at Rs 290.71 Lakhs
- Profit before tax stood at Rs 60.92 Lakhs with tax expenses of Rs 15.84 Lakhs
- Basic and diluted EPS stood at Rs 1.24 for the quarter
Narmada Macplast Drip Irrigation Systems Ltd has scheduled a board meeting on August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company currently operates with a TTM revenue of Rs 13 Cr and a net profit of Rs 2 Cr. The trading window for insiders has been closed since July 1, 2026, in compliance with SEBI regulations. This is a routine procedural announcement ahead of the quarterly earnings release.
- Board meeting scheduled for August 14, 2026, to approve June quarter results
- Trading window for designated persons closed from July 1, 2026
- Company reported TTM revenue of Rs 13 Cr as of the latest available data
- Promoter holding remains low at 5.58% as per March 2026 records
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