Zuari Industries Q2 Results FY27: Revenue Rises 14.79% to Rs 276.85 Cr, PAT Rs 184.73 Cr

Zuari Industries Ltd (ZUARIIND) Q2 Results FY27 announced on 12 November 2026, covering the company's financial performance for the July to September quarter. The results date brought consolidated revenue of Rs 276.85 Cr against Rs 241.17 Cr a year earlier. Zuari Industries Q2 Results FY27 also report net profit of Rs 184.73 Cr against Rs 164.29 Cr. The results basis is Consolidated, and each figure that follows comes from the consolidated results.

This Zuari Industries Q2 Results analysis covers the financial highlights, business drivers, outlook and risks behind the numbers. Univest readers can follow the results analysis section by section, beginning with the Financial Highlights table that sets revenue, Operating Profit and net profit beside the same quarter last year.

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Zuari Industries Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 276.85 Cr	Rs 241.17 Cr	+14.79% YoY
Operating Profit	Rs 15.59 Cr	Rs 10.82 Cr	+44.09% YoY
Net Profit (PAT)	Rs 184.73 Cr	Rs 164.29 Cr	+12.44% YoY

Source: company filing for Zuari Industries Q2 Results FY27, 12 November 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Zuari Industries Q2 Results: What Stands Out

• Revenue: Rs 276.85 Cr, up 14.79% from Rs 241.17 Cr in the same quarter last year, a steady YoY growth reading on the top line.
• Net profit: Rs 184.73 Cr against Rs 164.29 Cr a year earlier, a 12.44% rise that was slightly smaller than the growth in revenue.
• Operating Profit: Rs 15.59 Cr versus Rs 10.82 Cr, up 44.09% YoY and the fastest-growing of the three reported lines.
• Sequential change: Net profit was up 30688.3% quarter on quarter from Rs 0.60 Cr, as listed in the disclosed business factors for the company.
• Risk headline: Net profit margin narrowed to 66.7% from 68.1%, and return on equity was 2.44% in FY26, both covered under the risks below.
• Next step: The performance analysis below places Zuari Industries Q2 Results FY27 in context.

Zuari Industries Q2 Results FY27: Performance Analysis

The numbers in the consolidated results show growth across revenue, Operating Profit and net profit, led by Operating Profit. Revenue reached Rs 276.85 Cr, up 14.79% YoY, while net profit reached Rs 184.73 Cr, up 12.44%. Zuari Industries Q2 Results FY27 therefore show Operating Profit growing faster than both sales and net profit in the July to September 2026 quarter.

Revenue added Rs 35.68 Cr over the year, while Operating Profit added Rs 4.77 Cr and net profit added Rs 20.44 Cr. This results analysis shows that Operating Profit of Rs 15.59 Cr grew at 44.09%, well above the 14.79% rise in revenue and the 12.44% rise in net profit.

The supplied figures confirm what changed in the quarterly results but do not establish the specific cause of the gap between the three growth rates. Readers of Zuari Industries Q2 Results FY27 can compare these YoY growth rates with later disclosures. The results date of 12 November 2026 anchors that comparison. Univest follows every Zuari Industries Q2 Results update on the same terms, 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 three business factors, starting with revenue, which grew 14.8% year on year to Rs 276.85 Cr in the latest quarter.

Net Profit Growth – Net profit rose 12.4% year on year to Rs 184.73 Cr, an increase that tracks close to the 14.79% rise in revenue and adds to the growth recorded across Zuari Industries Q2 Results FY27.

Sequential Net Profit Change – Net profit was up 30688.3% quarter on quarter from Rs 0.60 Cr, a very large sequential move that these quarterly results carry into the outlook.

FY27 Outlook After Zuari Industries Q2 Results

The sequential jump from Rs 0.60 Cr of net profit is the starting point for the FY27 outlook, since the latest quarter reached Rs 184.73 Cr. Full-year FY27 results will depend on the quarters still to be reported, and this results analysis does not project any forward figure for revenue or net profit.

Zuari Industries Q2 Results FY27 put revenue at Rs 276.85 Cr and Operating Profit at Rs 15.59 Cr. Later filings will show whether the YoY growth in revenue lifts profit at a faster rate, and the Univest Screener lets readers follow each new disclosure. The risks that could shape that path follow next.

Key Risks to Watch After Zuari Industries Q2 Results FY27

Narrower Net Profit Margin

Net profit margin narrowed to 66.7% from 68.1% in the comparison quarter. Zuari Industries Q2 Results FY27 show higher profit than a year earlier, but this margin is the measure investors will watch in later filings.

Low Return on Equity

Return on equity was low at 2.44% in FY26. Investors can track whether the quarterly YoY growth in revenue and profit changes that full-year reading in later disclosures.

Modest Return on Capital Employed

Return on capital employed was modest at 5.37% in FY26. The latest quarter, reported on the results date of 12 November 2026, will be read against that full-year level.

High Debt Relative to Assets

Debt is high at 0.71 times total assets in FY26, a balance-sheet reading that investors can follow alongside the profit trend in later disclosures.

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Conclusion

Zuari Industries Q2 Results FY27 report revenue of Rs 276.85 Cr and net profit of Rs 184.73 Cr, both higher than a year earlier. These quarterly results come on a consolidated basis, and the consolidated results should be read with the risks listed above. The full Zuari Industries Q2 Results picture is in the sections above, and investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Zuari Industries Q2 Results FY27

What are Zuari Industries Q2 Results FY27?

Ans. Zuari Industries Q2 Results FY27 are the July to September 2026 quarterly results, with revenue of Rs 276.85 Cr and net profit of Rs 184.73 Cr, while the Quick Answer box above summarises the consolidated figures.

What is the results date for Zuari Industries Q2 Results FY27?

Ans. The results date was 12 November 2026, when Zuari Industries declared its July to September 2026 quarter, so the opening paragraphs above all refer to that single filing.

What revenue was reported in Zuari Industries Q2 Results FY27?

Ans. Zuari Industries reported revenue of Rs 276.85 Cr in the quarter, compared with Rs 241.17 Cr a year earlier, as set out in the Financial Highlights and Performance Analysis sections.

What net profit was reported in Zuari Industries Q2 Results FY27?

Ans. Net profit came in at Rs 184.73 Cr against Rs 164.29 Cr in the same quarter last year, so the Key Takeaways section lists it as a 12.44% YoY rise.

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

Ans. Revenue grew 14.79% YoY, from Rs 241.17 Cr to Rs 276.85 Cr, while the Performance Analysis section shows that Operating Profit grew at a faster pace over the same period.

Did net profit rise or fall in Zuari Industries Q2 Results?

Ans. Net profit rose in Zuari Industries Q2 Results, from Rs 164.29 Cr to Rs 184.73 Cr, a 12.44% increase, which means the Key Takeaways section places it just behind the growth in revenue.

What was the Operating Profit in Zuari Industries Q2 Results FY27?

Ans. Zuari Industries Q2 Results FY27 show Operating Profit of Rs 15.59 Cr against Rs 10.82 Cr a year earlier, a 44.09% rise, which is covered in the Performance Analysis section.

Are Zuari Industries Q2 Results consolidated results or standalone results?

Ans. Zuari Industries Q2 Results are consolidated results, so every figure quoted covers the consolidated basis, which is stated in the Quick Answer and again in the Conclusion.

What business factors shaped Zuari Industries Q2 Results FY27?

Ans. The disclosed business factors are revenue growth of 14.8%, net profit growth of 12.4% and a net profit rise from Rs 0.60 Cr in the prior quarter, which the Key Business Factors section explains.

What are the key risks after Zuari Industries Q2 Results FY27?

Ans. The listed risks are a net profit margin of 66.7%, return on equity of 2.44%, return on capital employed of 5.37% and debt at 0.71 times total assets, all covered under Key Risks.

What is the outlook after Zuari Industries Q2 Results?

Ans. Zuari Industries Q2 Results do not set any forward figure, so FY27 depends on the remaining quarters, which means the FY27 Outlook section should be read with later filings.

Where can I find the complete Zuari Industries Q2 Results FY27 data?

Ans. You can find the complete Zuari Industries Q2 Results FY27 data in the Financial Highlights table, while the linked Univest stock page for ZUARIIND gives further reading, as noted in the opening paragraphs.