Mirza International Q2 Results FY27: PAT Loss Rs 5.89 Cr on Flat Revenue of Rs 164.65 Cr

Mirza International Ltd (MIRZAINT) Q2 Results FY27 announced on 13 November 2026, covering the company's financial performance for the July to September quarter. Consolidated results show revenue of Rs 164.65 Cr and a net loss of Rs 5.89 Cr. The results date puts the Mirza International Q2 Results FY27 numbers on the NSE and BSE record, and Univest has summarised them below.

Mirza International Q2 Results are read here for what the figures show about revenue, profit and balance sheet strength. This results analysis covers the financial highlights, business drivers, outlook and risks, starting with the Financial Highlights that follow.

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Mirza International Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 164.65 Cr	Rs 164.36 Cr	+0.18% YoY
Operating Profit	Rs 2.88 Cr	Rs 12.68 Cr	-77.29% YoY
Net Profit (PAT)	Rs -5.89 Cr	Rs 2.15 Cr	-373.95% YoY

Source: company filing for Mirza International Q2 Results FY27, 13 November 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Mirza International Q2 Results: What Stands Out

• Revenue: Rs 164.65 Cr against Rs 164.36 Cr in the year-ago quarter, a marginal 0.18% YoY growth on a consolidated basis.
• Net profit: a loss of Rs 5.89 Cr compared with a profit of Rs 2.15 Cr, which is a YoY change of -373.95% in PAT.
• Operating Profit: Rs 2.88 Cr against Rs 12.68 Cr a year ago, down 77.29% YoY in Mirza International Q2 Results FY27.
• Sequential view: revenue was up 28.2% quarter on quarter from Rs 128.40 Cr, according to the disclosed business factors.
• Balance sheet: a debt-to-assets ratio of 0.03 in FY26 shows the company is almost debt free, while the net loss remains the headline risk.
• Next step: the performance analysis below explains how revenue, Operating Profit and net profit moved against each other.

Mirza International Q2 Results FY27: Performance Analysis

Mirza International reported consolidated revenue of Rs 164.65 Cr for the July to September quarter, almost flat against Rs 164.36 Cr a year earlier, while Operating Profit fell to Rs 2.88 Cr and PAT moved to a loss of Rs 5.89 Cr. This analysis of Mirza International Q2 Results FY27 separates those three lines.

On the revenue line, YoY growth was 0.18%, an increase of Rs 0.29 Cr over the year-ago quarter. Operating Profit fell from Rs 12.68 Cr to Rs 2.88 Cr, a drop of 77.29%, and the Mirza International Q2 Results show PAT declining from a profit of Rs 2.15 Cr to a loss of Rs 5.89 Cr.

Readers comparing Mirza International Q2 Results FY27 with earlier quarterly results will see revenue holding steady while the profit lines moved sharply. The supplied figures confirm what changed but do not establish the specific cause, 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 to revenue growing 0.2% year on year to Rs 164.65 Cr in the latest quarter, which kept sales close to the level of the corresponding quarter in Mirza International Q2 Results FY27.

Sequential Revenue – Revenue was up 28.2% quarter on quarter from Rs 128.40 Cr, so the latest quarterly results show a clear sequential rise even though the annual comparison moved only marginally.

Low Debt – The company is almost debt free, with a debt-to-assets ratio of 0.03 in FY26, a balance sheet detail reported alongside the quarter and independent of the loss recorded in the period.

FY27 Outlook After Mirza International Q2 Results

FY27 full-year performance will depend on how the remaining quarters compare with this one and on the conditions the company discloses. For now, the results analysis shows revenue of Rs 164.65 Cr and a net loss of Rs 5.89 Cr as the base against which later quarters will be measured.

This article makes no projection of FY27 revenue or net profit. Readers who follow Mirza International Q2 Results FY27 should track the next filings from the company, because the Operating Profit of Rs 2.88 Cr and the risks below frame what those filings will need to show.

Key Risks to Watch After Mirza International Q2 Results FY27

Net Loss in the Latest Quarter

The company reported a net loss of Rs 5.89 Cr in the latest quarter, against a profit of Rs 2.15 Cr a year earlier. Readers of Mirza International Q2 Results FY27 should note that swing in PAT.

Narrower Net Profit Margin

The net profit margin narrowed to -3.6% from 1.3% in the comparison quarter, even as revenue recorded YoY growth of 0.18%, so the margin and the revenue line moved in different directions.

Low Return Ratios

Return on equity was low at -0.10% in FY26, while return on capital employed was modest at 1.29% in FY26, and both figures sit alongside the loss recorded in the latest quarter.

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Conclusion

Mirza International Q2 Results FY27 show flat consolidated revenue of Rs 164.65 Cr, Operating Profit of Rs 2.88 Cr and a net loss of Rs 5.89 Cr. Taken together, the quarterly results describe a quarter where sales held while profit lines moved down. Anyone reading Mirza International Q2 Results alongside the consolidated results should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Mirza International Q2 Results FY27

What are Mirza International Q2 Results FY27?

Ans. Mirza International Q2 Results FY27 cover the July to September 2026 quarter, with consolidated revenue of Rs 164.65 Cr and a net loss of Rs 5.89 Cr, so the quarterly results are summarised in the Quick Answer at the top.

What is the results date for Mirza International Q2 Results FY27?

Ans. Mirza International announced its Q2 FY27 results on 13 November 2026, which is the results date used throughout this article, while the quarterly results appear on the NSE and BSE as covered in the introduction.

What revenue was reported in Mirza International Q2 Results FY27?

Ans. Mirza International reported revenue of Rs 164.65 Cr in its consolidated results, compared with Rs 164.36 Cr a year earlier, and the results date of 13 November 2026 anchors the Financial Highlights table.

What net profit was reported in Mirza International Q2 Results FY27?

Ans. Mirza International recorded a net profit of Rs -5.89 Cr, which is a loss, compared with a profit of Rs 2.15 Cr a year earlier, as the Performance Analysis section explains.

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

Ans. Revenue showed YoY growth of 0.18% in Q2 FY27, rising from Rs 164.36 Cr to Rs 164.65 Cr, while the Key Takeaways section also records a 28.2% quarter on quarter increase.

Did net profit rise or fall in Mirza International Q2 Results?

Ans. PAT fell in Mirza International Q2 Results, moving from a profit of Rs 2.15 Cr to a loss of Rs 5.89 Cr, a YoY change of -373.95%, as the Key Takeaways section notes.

What was the Operating Profit in Mirza International Q2 Results FY27?

Ans. Mirza International Q2 Results FY27 show Operating Profit of Rs 2.88 Cr, down 77.29% YoY from Rs 12.68 Cr, which means the profit line fell sharply while revenue stayed flat, as the Performance Analysis section describes.

Are Mirza International Q2 Results consolidated results or standalone results?

Ans. Mirza International Q2 Results are consolidated results, so the revenue of Rs 164.65 Cr and the net loss of Rs 5.89 Cr cover the company together with its subsidiaries, as stated in the Quick Answer.

What business factors shaped Mirza International Q2 Results FY27?

Ans. The disclosed business factors are revenue of Rs 164.65 Cr, a 28.2% quarter on quarter rise from Rs 128.40 Cr, and a debt-to-assets ratio of 0.03, all set out in Key Business Factors since the results date.

What are the key risks after Mirza International Q2 Results FY27?

Ans. The disclosed risks are the net loss of Rs 5.89 Cr, a net profit margin of -3.6% against 1.3% before, and return on equity of -0.10% in FY26, as the results analysis in Key Risks to Watch details.

What is the outlook after Mirza International Q2 Results?

Ans. The FY27 outlook depends on later quarters, since this article makes no projection of revenue or net profit, so the next company filings will show how the Rs 164.65 Cr revenue base develops.

Where can I find the complete Mirza International Q2 Results FY27 data?

Ans. The complete Mirza International Q2 Results FY27 figures are in the Financial Highlights table above, which compares this quarter with the year-ago quarter, while the Univest app and Univest Screener carry related company data.