Indsil Hydro Power Reports Q2 Net Loss of Rs 4.06 Crore

Revenue from operations stood at Rs 37.05 crore for the quarter ended September 30, 2026, against Rs 3.93 crore net profit in Q2 FY26.

Reader Takeaway: Persistent losses in ferro alloys and weakening power segment margins drag performance into negative territory.

What just happened

Indsil Hydro Power and Manganese Ltd released its financial results for the quarter ended September 30, 2026, revealing a swing to a net loss of Rs 4.06 crore. This is a significant reversal from the Rs 3.93 crore profit recorded during the same period last year. Revenue from operations remained largely flat at Rs 37.05 crore, compared to Rs 37.33 crore in the prior year's corresponding quarter.

Why this matters

The results highlight operational strain across the company's two primary segments. The Ferro Alloys business saw its operating loss widen to Rs 3.49 crore from Rs 1.52 crore in the previous year. Simultaneously, the Power segment, which often provides a buffer for the company, saw its segment profit drop to Rs 1.45 crore, down from Rs 5.27 crore in Q2 FY26. The inability to contain costs in the face of steady revenue suggests margin pressure.

Risks to watch

Investors should focus on whether the Ferro Alloys segment can reach a break-even point in future quarters and whether the Power segment can recover its earlier profitability levels. The Basic EPS of Rs (1.46) reflects the current earnings shortfall.

What to track next

Watch for management commentary regarding cost-control measures in the ferro alloy production process and any potential changes in demand dynamics for both segments in the coming months.