Super Sales Ind. Q1 FY27 Results (BSE: 512527)
Signal: Margin expansion
The read
Margin inflected sharply on operating leverage and input tailwind; PAT soared 411% YoY from operating profit, not one-offs. Key concern: depreciation fell despite asset growth.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹112.3 Cr | +13.6% | +9.1% |
| EBIT | ₹13.42 Cr | +215.0% | |
| Net profit | ₹9 Cr | +411.4% | |
| EPS | ₹29.31 | +410.6% | |
| EBIT margin | 11.9% |
P&L walk
Operating leverage and input tailwind drove EBITDA +82.6% vs revenue +13.6%; PAT surged 411% on operational improvements, not one-offs.
Segments
Textile division PBIT surged 383% YoY to ₹1,209.95 Lakhs, driving consolidated profit; Engineering PBIT fell 35% YoY to ₹48.10 Lakhs.
Key positives
- Operating leverage: EBITDA grew 82.6% vs revenue +13.6% (+69pp gap), with employee costs +4% and depreciation -9%.
- Gross margin expanded 590bps YoY to 45.5% as raw material cost % of revenue fell from 60.4% to 54.5%.
- Textile division PBIT jumped 383% YoY to ₹1,209.95 Lakhs.
- PAT up 411% YoY to ₹900.18 Lakhs, EPS ₹29.31, clean earnings quality (other income <20% of PBT).
Key concerns
- Depreciation declined 9% YoY despite segment asset growth of 1.4%, raising possible under-depreciation flag.
- Finance cost +24% YoY, outpacing revenue growth of 13.6%.
- Engineering division PBIT fell 35% YoY to ₹48.10 Lakhs.
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