Uni Abex Alloy Q1 FY27 Results (BSE: 504605)
Signal: Steady quarter
The read
The core trajectory is modest revenue growth of 4.72% YoY to ₹4103.25 lakh with EBITDA margin at 27.1%, while PAT growth of 30.52% to ₹725.45 lakh is partly non-operating because other income of ₹681.20 lakh represented 69.9% of PBT; the prior-quarter PAT comparison is distorted by the exceptional Thane land-sale gain.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹41.03 Cr | +4.72% | -47.59% |
| EBIT | ₹9.9 Cr | N/A | |
| Net profit | ₹7.25 Cr | +30.52% | |
| EPS | ₹36.73 | +30.52% | |
| EBIT margin | 27.1% |
P&L walk
Revenue increased to ₹4103.25 lakh, +4.72% YoY but -47.59% QoQ; gross margin expanded to 63.1% from 59.5% YoY as inventory changes reduced reported material consumption, EBITDA margin was 27.1%, and PAT rose 30.52% to ₹725.45 lakh with other income contributing 69.9% of PBT.
Key positives
- Revenue increased 4.72% YoY to ₹4103.25 lakh despite employee costs rising 19.77% YoY to ₹540.16 lakh.
- Gross margin expanded 359bps YoY to 63.1%, while finance costs declined 11.41% YoY to ₹16.47 lakh.
- PAT and EPS both rose 30.52% YoY to ₹725.45 lakh and ₹36.73, with EPS tracking PAT and indicating no evident dilution.
Key concerns
- Other income of ₹681.20 lakh accounted for 69.9% of PBT of ₹973.80 lakh, making the 30.52% PAT growth less representative of recurring operations.
- Revenue declined 47.59% QoQ from ₹7829.03 lakh, and the filing provides no volume or realisation data to validate underlying demand.
Earnings quality: includes non-operating other income
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