Blue Pearl Agriventures Q2FY27: PAT flat at ₹0.29 Cr, revenue -13% YoY, margins expand.
PAT +3.27% YoY · revenue -13.04% · margins expanding
₹10.81 Cr
-13.04% YoY
₹0.29 Cr
+3.27% YoY
2.64%
+0.4pp YoY
₹0
Blue Pearl Agriventures Limited (formerly Blue Pearl Texspin) reported standalone revenue of ₹10.81 Cr for Q2 FY27 (quarter ended 30 September 2026), down 13.0% year-on-year from ₹12.44 Cr in Q2 FY26, though up a modest 1.4% sequentially from ₹10.66 Cr in Q1 FY27. Standalone PAT was ₹0.29 Cr, up 3.3% YoY (₹0.28 Cr in Q2 FY26) and 2.2% QoQ (₹0.28 Cr in Q1 FY27) — a small absolute improvement riding on a shrinking topline.
Q2 FY-2027 vs prior quarters
Margins expanded on both comparisons: operating margin (PBT/revenue) rose to 3.32% from 2.98% YoY and 3.29% QoQ, while net margin improved to 2.66% from 2.24% YoY. The gain traces to the expense side — cost of materials consumed plus the change-in-inventories adjustment fell as a share of revenue versus the year-ago quarter, offsetting the lower sales base. The company reports only one segment, Trading, under Ind-AS 108, so there is no segment mix to separate out, and there were no exceptional items in the current, sequential or year-ago quarters, so the YoY PAT move needs no adjustment.
The stock went into the print at ₹5.82, down 31.6% over the past month of trading.
For context: this is the second-highest quarterly PAT of the last 6 quarters.
The stock carries no visible analyst coverage or formal management guidance: a web search for Q2 FY27 previews or estimates turned up nothing, consistent with its micro-cap, thinly-tracked profile (paid-up equity of ₹60.26 Cr against quarterly PAT of ₹0.29 Cr, which keeps basic/diluted EPS at ₹0.00 for the quarter and ₹0.01 for the half-year). No press release accompanied the filing beyond the standard board-outcome letter, so there is no management commentary to reconcile against the print. The quarter's other governance items — trading window closure ahead of results (22 Sep 2026) and the appointment of Neeraj Yadav as Company Secretary (7 Oct 2026) — are routine and have no direct bearing on the financial print.
W1
Whether standalone revenue (-13.0% YoY to ₹10.81 Cr in Q2 FY27) stabilises or continues declining in Q3 FY27.
W2
Whether OPM (3.32% in Q2 FY27, up from 2.98% YoY) holds as materials and inventory costs normalise.
W3
No management guidance is on record — watch for any outlook commentary alongside Q3 FY27 results given the single-segment Trading model.
Figures converted from Rs. Lacs to Rs. Crore (÷100); only a standalone statement is filed (no consolidated section, single entity); no exceptional items in current, sequential or year-ago quarters; EPS prints as ₹0.00 for the quarter given a large ₹60.26 Cr equity base against ₹0.29 Cr PAT.