Rico Auto Industries Limited reported a consolidated net loss of Rs 26.27 crore for Q2 FY27, shifting from a net profit of Rs 17.72 crore recorded in the corresponding period of the previous financial year.
On a sequential basis, the company's losses widened compared to Q1 FY27, during which it posted a net loss of Rs 3.38 crore.
Consolidated revenue from operations rose to Rs 852.36 crore, compared to Rs 627.36 crore in the same quarter last year and Rs 755.08 crore in Q1 FY27.
Total consolidated expenses escalated sharply to Rs 888.94 crore during the quarter, up from Rs 604.07 crore in the corresponding period of the previous year and Rs 761.91 crore in the previous quarter. The surge in outlays was primarily driven by higher raw material consumption of Rs 608.14 crore.
On a standalone basis, the company registered a net loss of Rs 35.18 crore for Q2 FY27, dropping from a net profit of Rs 10.47 crore in the same period last year and a net profit of Rs 0.16 crore in the June 2026 quarter.
Standalone revenue from operations grew to Rs 603.30 crore for the quarter, compared to Rs 461.60 crore year-on-year and Rs 581.15 crore sequentially.
Meanwhile, total standalone expenses expanded to Rs 654.13 crore during the quarter, compared to Rs 449.54 crore in the corresponding quarter of the prior year and Rs 591.73 crore in the previous quarter.