Landsmill's profit falls as zero revenue leaves earnings dependent on other income
Other income rose 12.93% QoQ, but expenses grew 63.89% and the tax rate increased 26.56 percentage points.
Filed 12 Nov 2026, 15:44 IST · after market close · Landsmill Green Limited (LANDSMILL)
Key takeaways
- Consolidated net profit fell 34.12% QoQ to Rs 0.56 cr even as other income rose 12.93% to Rs 1.66 cr.
- Revenue remained at zero, leaving the company with an operating loss of Rs 0.59 cr.
- Other income equalled 172.92% of pre-tax profit, while the tax rate rose 26.56 percentage points QoQ to 42.08%.
Price around the results
Zero revenue left the quarter dependent on other income
Landsmill reported no revenue in Q2FY27 and posted a consolidated operating loss of Rs 0.59 cr. Other income of Rs 1.66 cr more than offset that loss, producing pre-tax profit of Rs 0.96 cr and net profit of Rs 0.56 cr. This makes the reported profit non-operating in nature.
Expenses and tax reduced sequential profit
Compared with Q1FY27, other income increased 12.93%, but expenses grew faster at 63.89%, widening the operating loss by 63.89%. Interest was unchanged at Rs 0.02 cr and depreciation stayed at Rs 0.09 cr. The tax rate rose 26.56 percentage points to 42.08%, helping drive the 34.12% QoQ decline in net profit.
Other income exceeded reported pre-tax profit
Other income accounted for 172.92% of pre-tax profit because the company incurred an operating loss. With only one preceding quarter in the available trend, the clear sequential direction is a wider operating loss and lower net profit. The consolidated results were filed after market close on 12 Nov 2026.
Q2FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹0 cr | ₹0 cr | — |
| Other income | ₹2 cr | ₹1 cr | +12.93% |
| Expenses | ₹1 cr | ₹0 cr | +63.89% |
| Operating profit | ₹-1 cr | ₹-0 cr | -63.89% |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹1 cr | ₹1 cr | -4.95% |
| Tax | ₹0 cr | ₹0 cr | +150.00% |
| Net profit | ₹1 cr | ₹1 cr | -34.12% |
| EPS (₹) | ₹0.01 | ₹0.01 | +0.00% |
What to watch
- Whether revenue moves above zero in the next quarter
- Whether operating expenses remain below Rs 0.59 cr
- Whether other income remains the main contributor to pre-tax profit, currently at 172.92%