McLeod Russel India Ltd: Q2 FY27 Results and Balance Sheet Update

McLeod Russel India Ltd CMP Rs 46.99. Book value is negative at Rs -4.83 per share. PE, PB, ROE and DE are Not meaningful. Q1 FY27 net loss Rs 13 cr.

Mcleod Russel India Q2 results season is approaching for the quarter ending September 2026, and this preview looks strictly at the company’s own reported numbers, including a balance sheet position investors should know before anything else. Track the latest McLeod Russel India Ltd. share price on Univest before the Mcleod Russel India Q2 results preview below.

Mcleod Russel India Q2 Results Date: When to Expect the FY27 Announcement

No official Mcleod Russel India Q2 results date has been confirmed yet for the quarter ended September 30, 2026. Companies on the BSE and NSE, including McLeod Russel India Ltd, typically announce September-quarter results in the October-November window, and the Mcleod Russel India Q2 results date for FY27 should be confirmed through an exchange filing once the board meeting is scheduled. Investors tracking the Mcleod Russel India Q2 results 2026 announcement should rely only on official filings for the confirmed date.

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Mcleod Russel India Q2 Results Expectations: What the Reported History Shows

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Mcleod Russel India Q2 results expectations for FY27 cannot be estimated from outside data, but the company’s own five-quarter history sets the factual context. Revenue and operating margin have both been highly volatile, and net profit has been negative in four of the last five quarters, with Sep25 as the sole exception. Ahead of the Mcleod Russel India Q2 results preview for FY27, the metrics worth tracking are revenue level relative to the Rs 261 crore reported in Jun26, operating margin direction, and whether the company returns to profit or reports another loss. The Mcleod Russel India Q2 results 2026 timeline will only be confirmed through an official filing.

Previous Quarter: Q1 FY27 (Jun26) Performance

In Q1 FY27, McLeod Russel India Ltd reported revenue of Rs 261 crore, operating profit of Rs 29 crore, and an operating margin of 11.11%. Net profit for the quarter was a loss of Rs 13 crore. This followed a Mar26 quarter in which operating profit was negative at Rs -139 crore, operating margin was -106.92%, and net loss was Rs 73 crore. These Q1 FY27 numbers form the immediate run-up to the Mcleod Russel India Q2 results for the Sep26 quarter.

Q2 FY26 (Sep25) Base Quarter: The Comparison Base for Q2 Results

The Sep25 quarter is the year-ago base for the upcoming Mcleod Russel India Q2 results. In Sep25, revenue was Rs 363 crore, operating profit was Rs 98 crore, and operating margin was 27.0%, the highest in this five-quarter data set. Net profit that quarter was Rs 29 crore, the only profitable quarter for the company across the reported period from Jun25 to Jun26. This is the exact quarter the Mcleod Russel India Q2 results for FY27 will be measured against on a year-on-year basis.

Recent Trend: Jun25 Through Jun26

Revenue across the five quarters was Rs 216 crore (Jun25), Rs 363 crore (Sep25), Rs 445 crore (Dec25), Rs 130 crore (Mar26) and Rs 261 crore (Jun26). Net profit was a loss of Rs 43 crore in Jun25, a profit of Rs 29 crore in Sep25, a loss of Rs 36 crore in Dec25, a wider loss of Rs 73 crore in Mar26, and a loss of Rs 13 crore in Jun26. Per the company’s own reported data, net worth turned negative in Mar26, with reserves of Rs -103 crore and total equity of Rs -51 crore, despite an earlier NARCL-led debt restructuring. Borrowings remain very high, at approximately Rs 1,495 crore, per the same reported data. This is presented as historical fact, not as a signal about the direction of the Mcleod Russel India Q2 results for FY27. This five-quarter record is the only verified base for the Mcleod Russel India Q2 results FY27 discussion.

Key Factors to Watch Ahead of Mcleod Russel India Q2 Results

Ahead of the Mcleod Russel India Q2 results for FY27, tea business volatility is the central theme to note in McLeod Russel India Ltd’s data. Operating margin moved from 3.3% in Jun25 to 27.0% in the Sep25 quarter, before falling back to 1.8% in Dec25 and turning negative at -106.92% in Mar26, based strictly on the company’s own reported figures. Net profit alternated between losses and a single quarter of profit (Sep25) across this period. This pattern reflects the seasonal, highly volatile nature of the tea business as reported and is not being presented as a trend expected to continue into the Mcleod Russel India Q2 results for FY27.

Valuation Ahead of Mcleod Russel India Q2 Results

Also read – Dalmia Bharat Q2 Results FY27 Preview

Valuation multiples for McLeod Russel India Ltd carry an important caveat. The company’s book value per share is negative at Rs -4.83, meaning net worth is negative on the balance sheet as reported. As a direct result, PE, PB, ROE and DE are all marked Not meaningful in the company’s reported data. Trailing PE is Not meaningful on a trailing loss, and EPS is also Not meaningful on a trailing loss. At a CMP of Rs 46.99, market capitalisation is around Rs 490 crore, and the stock carries no dividend yield (0.0%). The company’s own data also notes that an isolated ROE reading of 720% is a statistical artifact of near-zero or negative equity rather than genuine profitability, which is why ROE is treated as Not meaningful here. These valuation flags matter because they will carry over into how the market reads the Mcleod Russel India Q2 results once reported.

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What to Watch in the Mcleod Russel India Q2 Results Preview

Given the balance sheet position disclosed above, the Mcleod Russel India Q2 results for FY27 are worth watching for revenue and margin trends relative to the reported Jun26 and Sep25 numbers, and for any update on the negative net worth position and high borrowings disclosed in the company’s own data. This preview does not speculate on recovery, turnaround, or future prospects; it reports only what the company’s own quarterly figures and balance sheet data show. Readers following the Mcleod Russel India Q2 results 2026 update should prioritize the official filing over any outside estimate.

Conclusion

The Mcleod Russel India Q2 results for the Sep26 quarter have not yet been announced. Based strictly on the company’s reported Jun25 to Jun26 figures, McLeod Russel India Ltd has a negative net worth, high borrowings, and a history of alternating profit and loss typical of a seasonal tea business. This preview of the Mcleod Russel India Q2 results 2026 cycle relies only on verified, company-reported numbers, and investors should treat the Mcleod Russel India Q2 results, once announced, alongside these balance sheet facts and the company’s official exchange filings.

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Univest is a SEBI-registered Research Analyst (Registration No. INH000013776). This article is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Historical quarterly figures for McLeod Russel India Ltd are based on company-reported data; commentary on the Sep 2026 (Q2 FY27) quarter is forward-looking framing only, since results for that quarter have not yet been announced. The company’s negative net worth and Not meaningful valuation multiples are reported facts, not an assessment of prospects. Please consult a SEBI-registered investment adviser and verify all data from official exchange filings before making any investment decision.

When is the Mcleod Russel India Q2 results date for FY27?

Ans. No official Mcleod Russel India Q2 results date has been confirmed yet for the quarter ended September 30, 2026.

Is McLeod Russel India Ltd’s net worth negative?

Ans. Yes, the company’s book value per share is negative at Rs -4.83, meaning net worth is negative on the balance sheet as per reported data.

What were McLeod Russel India Ltd’s Q1 FY27 (Jun26) results?

Ans. In Q1 FY27, McLeod Russel India Ltd reported revenue of Rs 261 crore, operating profit of Rs 29 crore, an operating margin of 11.11%, and a net loss of Rs 13 crore.

Are PE, PB, ROE and DE meaningful for McLeod Russel India Ltd right now?

Ans. No, PE, PB, ROE and DE are all marked Not meaningful in the company’s reported data because of the negative net worth position.