Shangar Decor Q2FY27 Net Profit Rises 541% to ₹1.05 Crore as Revenue Jumps 302%

Shangar Decor reported a standalone net profit of ₹1.05 crore for the second quarter of fiscal year 2027, up 541% from ₹0.16 crore a year earlier, with revenue from operations rising 302% to ₹10.84 crore. ScanX reported the results on October 24, 2026.

Shangar Decor's Q2FY27 Profit and Revenue Jump

Shangar Decor is an Ahmedabad-based event management and decor company founded in 1995, providing wedding, corporate, religious, property, lighting and catering decor services to clients across Gujarat and listed on the BSE.

Total revenue for the quarter ended September 30, 2026 reached ₹10.85 crore, against ₹2.70 crore in Q2FY26, with the growth driven by operations rather than other income. Profit before tax rose 215% to ₹156.85 lakh. For the six months ended September 30, 2026, net profit stood at ₹1.75 crore, compared with ₹0.29 crore a year earlier.

Depreciation and amortisation expenses increased to ₹177.42 lakh from ₹64.97 lakh, and purchases of stock-in-trade rose to ₹745.06 lakh. Cash and cash equivalents grew to ₹4.18 crore from ₹1.69 crore as of March 31, 2026, while trade receivables eased to ₹11.47 crore from ₹12.49 crore. Non-current loans surged to ₹10.48 crore from ₹0.48 crore, and non-current borrowings fell to ₹4.34 crore from ₹6.42 crore. Net cash generated from operating activities was ₹7.89 crore for the six months, against ₹9.57 crore a year earlier.

Auditor Observations on Shangar Decor's Receivables

Statutory auditors S. K. Bhavsar & Co. issued a limited review report with an emphasis of matter paragraph, noting that balances for trade receivables, trade payables and loans were pending comprehensive verification through external confirmations. The auditors relied on management representations regarding these balances and the valuation of investments.

Shangar Decor's Leadership Changes and Capital Raise

According to akta.pro company records, Shangar Decor accepted the resignation of Mrs. Shagun Rathi as Company Secretary and Compliance Officer in July 2026, disclosed to BSE under SEBI regulations. In June 2026 the company appointed Mr. Darshil Hemendrakumar Shah and Mr. Konark Patel as Independent Directors (Non-Executive) at an EGM, approved by more than 99% of shareholders. In 2024 the company initiated a Right Issue, with the DLOF published on September 6, 2024 and the Final LOF on October 24, 2024, to raise capital from existing shareholders.

Earlier Shangar Decor Results and Governance Steps

On September 8, 2026, ScanX reported that Shangar Decor's FY26 net profit rose 82% to ₹147.46 lakh, with revenue from operations up 25% to ₹2,326.07 lakh and depreciation more than doubling to ₹320.24 lakh, while auditors raised concerns over unverified trade receivables and payables. ScanX also reported that the company scheduled its 31st AGM for September 30, 2026, via video conferencing to adopt FY25-26 accounts and reappoint two non-executive directors, with remote e-voting from September 27 to 29. On August 15, 2026, Business Standard reported a 475% rise in standalone net profit to Rs 0.69 crore for the quarter ended June 2026, with sales revenue up 119.09% to Rs 5.28 crore.

What Comes Next for Shangar Decor

The company's 31st Annual General Meeting was scheduled for September 30, 2026, with remote e-voting running September 27 to 29 and a voting eligibility cut-off of September 25.