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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.
Redtape Ltd

Redtape Ltd Reports Q2 FY27 Standalone PAT at ₹36 Cr, EBITDA up 8.2% YoY

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 04 Nov 2026, 06:39 PM IST  ·  BSE ID: 33422ec1-ff60-4856-8b54-101cdfd72372
View Original BSE Filing (PDF)
💡
In Simple Terms
Redtape's latest quarterly results show profits increased by 27.3% to ₹36 Cr, despite a 3.5% dip in overall revenue.
🤖 AI Summary
  • Redtape Limited reported Q2 FY27 standalone Profit After Tax (PAT) of ₹36 Cr, increasing 27.3% YoY.
  • EBITDA for Q2 FY27 grew 8.2% YoY to ₹89 Cr, with EBITDA margin at 18.9%, up 204 bps YoY.
  • Revenue for Q2 FY27 was ₹474 Cr, a decrease of 3.5% YoY, due to festive calendar shifts impacting sales.
  • RedTape.com sales surged 712% YoY, while the company added 49 Exclusive Brand Outlets (EBOs) and 5 shop-in-shops.
  • Half-year (H1 FY27) standalone revenue was ₹955 Cr, with EBITDA of ₹190 Cr and PAT of ₹83 Cr.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Q2 FY27 REVENUE (STANDALONE)
₹474 Cr
-3.5% YoY
Q2 FY27 EBITDA (STANDALONE)
₹89 Cr
+8.2% YoY
Q2 FY27 PAT (STANDALONE)
₹36 Cr
+27.3% YoY
Q2 FY27 EBITDA MARGIN (STANDALONE)
18.9%
+204 bps YoY
H1 FY27 REVENUE (STANDALONE)
₹955 Cr
0% YoY
H1 FY27 EBITDA (STANDALONE)
₹190 Cr
+12.4% YoY
H1 FY27 PAT (STANDALONE)
₹83 Cr
+22.7% YoY
RedTape.com sales growth
712% YoY
🏢 How This Affects the Company
📈
Business Impact
The shift of Big Billion Days from September to October moved associated sales from Q2 into Q3, impacting reported revenue for Q2 FY27. RedTape.com sales growth of 712% YoY demonstrates strong traction in the company’s own digital channel.
💰
Financial Impact
EBITDA grew 8.2% YoY to ₹89 Cr and PAT grew 27.3% YoY to ₹36 Cr for Q2 FY27, indicating improved profitability despite lower revenue. EBITDA margin expanded by 204 bps YoY to 18.9% in Q2 FY27, reflecting operating leverage and cost discipline.
⚙️
Operational Impact
The addition of 49 EBOs and 5 shop-in-shops during Q2 FY27 continues the expansion of RedTape's physical retail footprint, enhancing its omnichannel presence. Online mix rebounded to approximately 31% from 22% in Q1 FY27, returning to normalized levels.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected as the company's Q2 FY27 financial performance, including a 27.3% YoY increase in PAT to ₹36 Cr, impacts the underlying value of their holdings.
🔍
Management Signal
Management prioritizes maintaining healthy margins and profitability through operating leverage and cost discipline, as evidenced by strong EBITDA and PAT growth despite a softer revenue quarter.

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

👁 Watch List - track these upcoming events
Q3 FY27 financial results — assess impact of festive season and Big Billion Days sales.
Retail network expansion — monitor number of new EBOs and shop-in-shops in subsequent quarters.
Online sales mix — verify if online mix sustains at ~31% or higher.
LOW RISK No new specific risks were highlighted; the revenue dip was attributed to calendar shifts, not underlying demand issues.
💡 Investor Takeaway
Redtape Limited reported a standalone Profit After Tax of ₹36 Cr in Q2 FY27, increasing 27.3% YoY. EBITDA grew 8.2% YoY to ₹89 Cr, with the EBITDA margin expanding by 204 bps YoY to 18.9%. Revenue decreased by 3.5% YoY to ₹474 Cr due to festive calendar shifts.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 Profit After Tax (PAT) increased by 27.3% YoY to ₹36 Cr, demonstrating strong profitability despite revenue challenges.
  • EBITDA grew 8.2% YoY to ₹89 Cr in Q2 FY27, and the EBITDA margin expanded by 204 bps YoY to 18.9%.

⚠️ Concerns

  • Q2 FY27 Revenue decreased by 3.5% YoY to ₹474 Cr, impacted by shifts in the festive and promotional calendar.
  • The seasonal nature of Q2 combined with calendar shifts resulted in a softer revenue base for the quarter.
❓ Frequently Asked Questions
What was Redtape Ltd's standalone Profit After Tax (PAT) in Q2 FY27?
Redtape Ltd reported a standalone Profit After Tax (PAT) of ₹36 Cr for the second quarter ended September 30, 2026, which represents a 27.3% increase YoY.
What was Redtape Ltd's standalone revenue in Q2 FY27?
Redtape Ltd recorded standalone revenue of ₹474 Cr for Q2 FY27, a decrease of 3.5% YoY, impacted by shifts in the festive and promotional calendar.
How did Redtape Ltd's EBITDA perform in Q2 FY27?
EBITDA for Redtape Ltd in Q2 FY27 grew 8.2% YoY to ₹89 Cr, with the EBITDA margin expanding by 204 bps YoY to 18.9%.
What was the growth in RedTape.com sales in Q2 FY27?
RedTape.com sales surged 712% YoY in Q2 FY27, demonstrating strong traction for the company's own website.
How many new retail stores did Redtape Ltd add in Q2 FY27?
Redtape Ltd added 49 Exclusive Brand Outlets (EBOs) and 5 shop-in-shops during Q2 FY27, continuing its physical retail expansion.

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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