Q2FY27 · Standalone

IGL Spirits reports Rs 61.20 cr standalone profit in Q2FY27

Operating profit was Rs 124.67 cr, while interest and depreciation reduced the conversion of operating earnings into profit before tax.

By Ashutosh

Filed 12 Nov 2026, 17:36 IST · after market close · IGLSPIRITS (IGLSPIRITS)

Key takeaways

  • Standalone operating profit was Rs 124.67 cr on revenue of Rs 705.51 cr, with an operating margin of 17.67%.
  • Standalone net profit was Rs 61.20 cr after Rs 15.05 cr of interest and Rs 26.83 cr of depreciation.
  • Other income was only Rs 0.01 cr against profit before tax of Rs 82.80 cr, so non-operating income provided little support.

Standalone operations delivered Rs 124.67 cr of operating profit

IGL Spirits reported standalone revenue of Rs 705.51 cr and operating profit of Rs 124.67 cr in Q2FY27. The reported operating margin was 17.67%, providing the main earnings contribution because other income was only Rs 0.01 cr.

Interest and depreciation absorbed a sizeable part of operating earnings

Interest expense was Rs 15.05 cr and depreciation was Rs 26.83 cr, reducing operating profit to profit before tax of Rs 82.80 cr. Tax expense was Rs 21.60 cr at a 26.09% tax rate, resulting in standalone net profit of Rs 61.20 cr and EPS of Rs 9.13.

The after-close filing has no market reaction to assess

The standalone results were filed at 17:36 IST on 12 November 2026, after market close. There is no post-results market move to assess in this report, and no quarter-on-quarter, year-on-year or multi-quarter trend is provided.

Q2FY27 at a glance

Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.

Line itemQ2FY27
Revenue₹706 cr
Other income₹0 cr
Expenses₹581 cr
Operating profit₹125 cr
Operating margin (%)17.67%
Interest₹15 cr
Depreciation₹27 cr
Profit before tax₹83 cr
Tax₹22 cr
Net profit₹61 cr
EPS (₹)₹9.13

What to watch

  • Whether revenue remains above Rs 705.51 cr next quarter.
  • Whether operating margin holds above 17.67%.
  • Whether other income remains immaterial relative to profit before tax, compared with Rs 0.01 cr in Q2FY27.