Axentra Corp Q1 FY27 Results (BSE: 511634)
Signal: Loss reversed
The read
The apparent consolidated recovery is not yet an operating turnaround: group revenue was ₹999.21 lakh, but the parent generated nil operating revenue and a ₹61.62 lakh loss; the acquired Fore Solutions subsidiary supplied the operating base, while ₹40.95 lakh of NCI and other income of ₹41.28 lakh materially distort shareholder earnings.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹9.99 Cr | -3.3% | N/A |
| EBIT | ₹0.58 Cr | N/A | |
| Net profit | ₹-0.19 Cr | N/A | |
| EPS | ₹0.11 | +157.9% | |
| EBIT margin | 6.4% |
P&L walk
Consolidated revenue was ₹999.21 lakh, down 3.3% YoY, while EBITDA was ₹64 lakh at a 6.4% margin; reported total PAT of ₹21.95 lakh was converted into a ₹19.00 lakh loss attributable to owners because ₹40.95 lakh went to non-controlling interest.
Segments
The material divergence is basis-driven: standalone revenue was ₹0 lakh and PAT was a ₹61.62 lakh loss, while first-time consolidation of Fore Solutions produced ₹999.21 lakh of group revenue and ₹21.95 lakh of total PAT, although the 49% NCI absorbed ₹40.95 lakh.
Key positives
- First-time consolidation generated ₹999.21 lakh of operating revenue and ₹64 lakh of EBITDA at a 6.4% margin, versus nil standalone operating revenue.
- Fore Solutions became a 51%-owned subsidiary from June 3, 2026, creating a new consolidated earnings base.
Key concerns
- Standalone operations produced nil revenue and a ₹61.62 lakh PAT loss, worsening from a ₹13.35 lakh loss YoY.
- ₹40.95 lakh of consolidated profit was attributable to the 49% non-controlling interest, leaving owners with a ₹19.00 lakh loss despite total PAT of ₹21.95 lakh.
- Other income of ₹41.28 lakh represented 74.5% of consolidated PBT, making the reported bottom line heavily dependent on non-operating income.
Earnings quality: includes non-operating other income
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