Hikal Q2 Results FY27: Loss Narrows 82.52%, Revenue Rs 434.20 Cr, PAT Rs -6.10 Cr

Hikal Ltd (HIKAL) Q2 Results FY27 announced on 3 November 2026, covering the company's financial performance for the July to September quarter. The results date brings revenue of Rs 434.20 Cr and a PAT of Rs -6.10 Cr. Hikal Q2 Results FY27 compare both lines with Rs 318.50 Cr and Rs -34.90 Cr a year earlier.

This Hikal Q2 Results article covers the financial highlights, business drivers, outlook and risks behind the numbers. The results analysis on the NSE and BSE listed company starts with the Financial Highlights table, which compares each line with the year earlier quarter.

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Hikal Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 434.2 Cr	Rs 318.5 Cr	+36.33% YoY
Net Profit (PAT)	Rs -6.1 Cr	Rs -34.9 Cr	+82.52% YoY

Source: company filing for Hikal Q2 Results FY27, 3 November 2026. Figures in Rs Crore.

Key Takeaways from Hikal Q2 Results: What Stands Out

• Revenue Rs 434.20 Cr: sales rose 36.33% from Rs 318.50 Cr in the same quarter last year, the headline YoY growth figure in the filing.
• Net profit Rs -6.10 Cr: the loss narrowed from Rs -34.90 Cr, a move of 82.52% in net profit, though the line is still negative.
• Net profit margin -1.4%: the margin improved from -11.0% in the comparison quarter, so each rupee of revenue carried a smaller loss.
• Quarter on quarter: revenue was up 7.8% from Rs 402.80 Cr in the preceding quarter, a sequential figure that sits beside the YoY rise.
• Next step: the performance analysis below sets revenue and net profit side by side for a closer reading.

Hikal Q2 Results FY27: Performance Analysis

Revenue rose and the net loss narrowed in these quarterly results. Hikal Q2 Results show sales of Rs 434.20 Cr against Rs 318.50 Cr a year earlier, an increase of 36.33%. Net profit moved to Rs -6.10 Cr from Rs -34.90 Cr, an improvement of 82.52%.

Hikal Q2 Results FY27 also show a net profit margin of -1.4% against -11.0% in the comparison quarter. Revenue added Rs 115.70 Cr while the net loss shrank by Rs 28.80 Cr, so the loss per rupee of revenue fell even though net profit remains negative. The supplied data confirms these movements but does not establish the specific cause.

Readers of this results analysis will watch whether net profit moves above zero and whether YoY growth in revenue continues in later filings. The figures in Hikal Q2 Results FY27 give one quarter of evidence, which is where the results analysis turns to the business factors.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue growth of 36.3% year on year to Rs 434.20 Cr in the latest quarter. This is the base for the margin factor that follows in these quarterly results.

Net Profit Margin – Net profit margin improved to -1.4% from -11.0% in the comparison quarter. In plain terms, each rupee of revenue carried a smaller loss than a year earlier, even though the margin is still below zero.

Sequential Revenue – Revenue was up 7.8% quarter on quarter from Rs 402.80 Cr. Hikal Q2 Results FY27 therefore show a larger sales base than the preceding quarter, which frames the outlook for the rest of the fiscal year.

FY27 Outlook After Hikal Q2 Results

The FY27 outlook after Hikal Q2 Results depends on the quarters still to be reported, because full-year FY27 results will depend on subsequent quarters and disclosed sector conditions. The results analysis so far covers one quarter, with revenue at Rs 434.20 Cr and net profit at Rs -6.10 Cr.

Each new filing will add to the picture, and Hikal Q2 Results FY27 provide the second quarter marker for the fiscal year. Revenue and net profit will be the lines to compare in the next filing, and the risks attached to them come next.

Key Risks to Watch After Hikal Q2 Results FY27

Net Loss in the Latest Quarter

Hikal reported a net loss of Rs 6.10 Cr in the latest quarter. Although the loss is smaller than the Rs 34.90 Cr recorded a year earlier, net profit remains negative, so the path to positive earnings is the first item to monitor.

Low Return on Equity

Return on equity was low at -3.97% in FY26. A negative return on equity means shareholder funds did not generate a profit over the year, which keeps the profitability question open as Hikal Q2 Results FY27 are read alongside annual ratios.

High Debt Level

Debt is high at 0.57 times total assets in FY26. A debt level of this size stays on the watch list, even though revenue YoY growth was 36.33% in the latest quarter.

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Conclusion

Hikal Q2 Results FY27 show revenue of Rs 434.20 Cr, a narrower net loss of Rs 6.10 Cr and a margin of -1.4%. Revenue rose 36.33% while net profit stayed negative. Readers following Hikal Q2 Results can compare later quarterly results on the same basis, with revenue and net profit as the anchor lines. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Hikal Q2 Results FY27

What are Hikal Q2 Results FY27?

Ans. Hikal Q2 Results FY27 are the quarterly results for July to September 2026, showing revenue of Rs 434.20 Cr and a net loss of Rs 6.10 Cr, as set out in the Quick Answer above.

What is the results date for Hikal Q2 Results FY27?

Ans. The results date for Hikal Q2 Results FY27 is 3 November 2026, when Hikal filed its numbers, which is also the date used in the introduction and the conclusion of this article.

What revenue was reported in Hikal Q2 Results FY27?

Ans. Hikal reported revenue of Rs 434.20 Cr in Q2 FY27, compared with Rs 318.50 Cr a year earlier, so the Financial Highlights table shows the full revenue comparison.

What net profit was reported in Hikal Q2 Results FY27?

Ans. Hikal reported net profit of Rs -6.10 Cr in Q2 FY27, compared with Rs -34.90 Cr a year earlier, which means the loss narrowed, as the Key Takeaways section shows.

How much YoY growth did revenue show in Hikal Q2 Results FY27?

Ans. Revenue showed YoY growth of 36.33% in Q2 FY27 for Hikal, while the net loss narrowed by 82.52%, and the Performance Analysis section compares both movements in more detail.

Did net profit rise or fall in Hikal Q2 Results?

Ans. Net profit in Hikal Q2 Results rose 82.52% YoY, which means the loss narrowed from Rs -34.90 Cr to Rs -6.10 Cr, while the Performance Analysis section explains how this sits beside the revenue increase.

What was the net profit margin in Hikal Q2 Results FY27?

Ans. The net profit margin in Hikal Q2 Results FY27 was -1.4% against -11.0% in the comparison quarter, which means the loss per rupee of revenue shrank, and the Key Risks section lists the negative profit as a point to watch.

What happened to revenue quarter on quarter in Hikal Q2 Results FY27?

Ans. Revenue was up 7.8% quarter on quarter from Rs 402.80 Cr for Hikal, alongside YoY growth of 36.33%, as covered in the Key Business Factors section.

What business factors shaped Hikal Q2 Results FY27?

Ans. Hikal cited revenue growth of 36.3%, a net profit margin improving to -1.4% from -11.0% and revenue up 7.8% quarter on quarter, as detailed in the Key Business Factors section.

What are the key risks after Hikal Q2 Results FY27?

Ans. The key risks for Hikal are a net loss of Rs 6.10 Cr, return on equity of -3.97% in FY26 and debt at 0.57 times total assets, as listed under Key Risks to Watch.

What is the outlook after Hikal Q2 Results?

Ans. The outlook after Hikal Q2 Results depends on subsequent quarters, so FY27 full-year results will reflect later filings, while the FY27 Outlook section lists revenue and net profit as the lines to compare next.

Where can I find the complete Hikal Q2 Results FY27 data?

Ans. The complete Hikal Q2 Results FY27 data is in the Financial Highlights table above, and the Univest Screener and Univest app carry the same quarterly results for Hikal (HIKAL) alongside other listed companies.