Satani Bearings H1FY27 Results (BSE: 505703)
Signal: Loss narrowed
The read
The trajectory improved sharply within the half: Q2FY27 revenue reached ₹2,549.46 lakh and PAT ₹18.31 lakh after Q1 revenue of ₹561.49 lakh and PAT loss of ₹21.07 lakh, but H1 still ended with a ₹2.75 lakh loss and no disclosed operating margin, so the turnaround remains unproven.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹31.11 Cr | N/A | N/A |
| Net profit | ₹-0.03 Cr | N/A | |
| EPS | ₹-0.01 | N/A | |
| EBIT margin | N/A |
P&L walk
H1FY27 revenue was ₹3,110.95 lakh versus nil in the year-ago half, while expenses were ₹3,110.70 lakh and PAT remained negative at ₹2.75 lakh; the key inflection was Q2 PAT of ₹18.31 lakh after Q1 PAT of negative ₹21.07 lakh.
Key positives
- Q2FY27 delivered PAT of ₹18.31 lakh versus a ₹21.07 lakh loss in Q1FY27, reversing the immediately preceding quarter's negative result.
- H1FY27 operating cash flow was positive at ₹9.08 lakh despite a reported PAT loss of ₹2.75 lakh.
- Trade receivables declined to ₹2,299.48 lakh from ₹2,474.46 lakh at 31.03.2026, while cash increased to ₹18.23 lakh from ₹12.15 lakh.
Key concerns
- H1FY27 remained loss-making with PAT of negative ₹2.75 lakh despite revenue of ₹3,110.95 lakh; no EBITDA or operating margin was disclosed to validate profitability.
- Purchases of stock-in-trade were ₹3,113.54 lakh against revenue of ₹3,110.95 lakh, leaving the earnings profile dependent on inventory movement and execution rather than a demonstrated recurring margin.
- Paid-up equity capital was ₹2,000.00 lakh versus ₹218.33 lakh in the year-ago period, materially changing the per-share base while EPS remained negative at ₹0.01.
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