ALFA Finder| Revenue growth | Q2 revenue ₹474 Cr, down 3.5% YoY; festive timing shift. |
|---|---|
| Margins | Gross margin 45.4%; EBITDA margin 18.9%, up 204 bps. |
| Demand visibility | October demand 'back'; no quantified H2 demand outlook. |
| Management confidence | Balanced-optimistic; 'on track' but no numbers offered. |
Growth
Revenue down 3.5% YoY; gross margin 45.4%, EBITDA +8.2%, PAT +27.3%. Profit growth is margin-led, not volume-led.
Outlook
No quantified guidance. Management 'hoping to have a bumper Q3'. H1 revenue ₹955 Cr, broadly stable.
Risks
Top-line decline; evasive on growth trajectory ('not running after particular number'); Diwali-shift lean period; e-commerce margin discipline.
Last quarter's promises, checked
Delivered
- Aim: EBITDA margin up YoY → 18.9%, +204 bps YoY (= BEAT)
Partly delivered
- Guided 150 stores by FYE → H1 adds 33+49=82 (~55%) (= PARTIAL)
Missed
- Guided EBITDA margin stable ~20% → Q2 18.9%, down from Q1 20.4% (= MISS)
- Guided growth 'same stride' (Q1 +3.7% YoY) → Q2 revenue -3.5% YoY (= MISS)
Earnings Call Transcript filed with BSE, NSE: REDTAPE. Summary written with AI assistance from the document.
Redtape Ltd: key numbers
- Share price
- ₹108.56
- Market cap
- ₹6,001 Cr
- Revenue (annual)
- ₹2,419 Cr
- Net profit (annual)
- ₹240.6 Cr
- P/E (TTM)
- 23.6×Sector 66.2×
- Promoter holding
- 71.83%+0.00% QoQ
- FII holding
- 3.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Redtape Ltd
All →Redtape Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹474 Cr (-3.5% YoY), PAT ₹36 Cr (+27.3%), EBITDA margin 18.9%; H1 revenue flat at ₹955 Cr. Big Billion Days shift to Q3 cited.
Redtape Results Update
RedTape's Q2 FY27 standalone revenue fell 3.5% YoY to ₹474 Cr, while EBITDA rose 8.2% and PAT 27.3%. Big Billion Days sales shifted into Q3.
Redtape Financial Results
Redtape's board approved unaudited Q2 and half-year results ending September 30, 2026. The auditor's review flags a pending income-tax search as an emphasis of matter.
Redtape Board Meeting Date
Redtape Ltd intimated BSE that its Board will meet on November 4, 2026 to consider Q2 and half-year results ended September 30, 2026. The notice also reiterates the trading window closure from October 1, 2026.
Redtape Other Announcement
Redtape Ltd has filed the required quarterly certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, confirming dematerialization details for the quarter ended September 30, 2026.
Redtape Other Announcement
Redtape Limited confirmed compliance with SEBI LODR Regulations 6(1) and 7(1) for the quarter ended September 30, 2026.