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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Kusumgar Ltd

Kusumgar Ltd: Q2 FY27 Standalone Net Profit INR 331.58 Million, JV Term Sheet Signed

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 05 Nov 2026, 07:31 PM IST  ·  BSE ID: d4e50eec-e94b-4e0e-aba6-bc955225afc2
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its latest quarterly financial results and announced plans for a new joint venture to make tapes in India.
🤖 AI Summary
  • Standalone net profit for Q2 FY27 was INR 331.58 million, with H1 FY27 net profit at INR 750.19 million.
  • Revenue from operations stood at INR 2,399.18 million for Q2 FY27 and INR 4,818.30 million for H1 FY27.
  • Board approved a non-binding term sheet with Certoplast Holding GmbH for a JV to manufacture tapes in India.
  • The joint venture is subject to definitive agreements, statutory approvals, and customary conditions precedent.
  • Kusumgar Ltd's equity shares were listed on BSE and NSE on 15 July 2026, marking a recent public listing.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Standalone Revenue from Operations Q2 FY27
INR 2,399.18 million
Standalone Profit for the Period Q2 FY27
INR 331.58 million
Standalone Revenue from Operations H1 FY27
INR 4,818.30 million
Standalone Profit for the Period H1 FY27
INR 750.19 million
Total Standalone Assets as at 30 September 2026
INR 10,856.09 million
🏢 How This Affects the Company
📈
Business Impact
The proposed joint venture with Certoplast Holding GmbH could expand Kusumgar's product portfolio into tapes manufacturing, potentially diversifying its revenue streams in the Indian market.
💰
Financial Impact
H1 FY27 standalone profit before tax was INR 1,011.31 million, compared to INR 156.14 million for H1 FY26, indicating a substantial increase in profitability. Total assets as of 30 September 2026 increased to INR 10,856.09 million from INR 9,933.09 million as of 31 March 2026.
⚙️
Operational Impact
Establishing a joint venture involves integrating new manufacturing processes and potentially expanding capacity, requiring new operational structures for tapes production.
⚠️
Risk Impact
The non-binding nature of the term sheet and the need for definitive agreements and statutory approvals introduce execution risk for the joint venture. The company's recent listing implies a limited track record as a public entity.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with H1 FY27 standalone Basic EPS at INR 7.26 compared to INR 1.28 for H1 FY26, and the strategic direction of forming a new joint venture.
🔍
Management Signal
Management's approval of the JV term sheet signals an intent towards business expansion and diversification into the tapes manufacturing segment.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Finalization of definitive agreements for the Certoplast joint venture.
Receipt of applicable statutory approvals for the joint venture establishment.
Q3 FY27 results — monitor revenue and profitability trends.
MEDIUM RISK JV is non-binding and subject to conditions; company is recently listed, limiting historical data.
💡 Investor Takeaway
Kusumgar Ltd reported Q2 FY27 standalone net profit of INR 331.58 million, contributing to H1 FY27 net profit of INR 750.19 million. The company announced a non-binding term sheet for a joint venture with Certoplast Holding GmbH for manufacturing tapes in India, a new business direction.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone Profit Before Tax for H1 FY27 was INR 1,011.31 million, significantly higher than INR 156.14 million for H1 FY26.
  • Total assets increased to INR 10,856.09 million as of 30 September 2026 from INR 9,933.09 million as of 31 March 2026.

⚠️ Concerns

  • Q2 FY27 standalone net profit of INR 331.58 million is lower than Q1 FY27 net profit of INR 418.61 million.
  • Trade receivables stood at INR 1,915.61 million as of 30 September 2026, representing a significant portion of current assets.
📅 Company Track Record
Kusumgar Ltd's equity shares were listed on BSE Limited and National Stock Exchange of India Limited on 15 July 2026. This indicates the company has a limited public track record, with this being an early financial result disclosure since listing. The standalone figures for H1 FY26 were not subjected to auditor review.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Kusumgar Ltd's standalone net profit for Q2 FY27?
Kusumgar Ltd reported a standalone net profit of INR 331.58 million for the quarter ended 30 September 2026 (Q2 FY27).
What is Kusumgar Ltd's revenue from operations for the half-year ended September 30, 2026?
The standalone revenue from operations for Kusumgar Ltd for the half-year ended 30 September 2026 (H1 FY27) was INR 4,818.30 million.
Which company is Kusumgar Ltd forming a joint venture with?
Kusumgar Ltd has approved the execution of a non-binding term sheet with Certoplast Holding GmbH for a joint venture in India.
What is the purpose of the proposed joint venture by Kusumgar Ltd?
The joint venture with Certoplast Holding GmbH is for the manufacturing of tapes in India.
When were Kusumgar Ltd's equity shares listed on the stock exchanges?
Kusumgar Ltd's equity shares were listed on BSE Limited and National Stock Exchange of India Limited on 15 July 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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