MKVentures Cap. Q1 FY27 Results (BSE: 514238)
Signal: Earnings declined
The read
The business remains dependent on consultancy for earnings: consolidated total income was ₹6.28 Cr, down 4.2% YoY, while PAT fell 79.2% to ₹0.89 Cr after a ₹2.02 Cr impairment and an investment-segment loss of ₹1.35 Cr; the QoQ rebound is therefore a weak recovery rather than a restored earnings trajectory.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.06 Cr | -4.2% | +161.7% |
| EBIT | ₹0.02 Cr | N/A | |
| Net profit | ₹0.01 Cr | -79.2% | |
| EPS | ₹2.32 | -79.2% | |
| EBIT margin | 0% |
P&L walk
Total income fell 4.2% YoY to ₹6.28 Cr despite a 161.7% QoQ rebound, while EBITDA was ₹2.23 Cr and PAT dropped 79.2% to ₹0.89 Cr because financial-instrument impairment rose from nil to ₹2.02 Cr and the investment segment remained loss-making.
Segments
Consultancy drove the group with ₹4.65 Cr of revenue and ₹4.65 Cr of segment result, up 60.3% YoY, while Loans and Investment dragged the result with a ₹1.35 Cr loss versus a ₹3.15 Cr profit YoY; consolidated PAT of ₹0.89 Cr was below standalone PAT of ₹1.16 Cr because of the subsidiary/group impact.
Key positives
- Consultancy revenue was ₹4.65 Cr, up 60.3% YoY, and its ₹4.65 Cr segment result provided the principal earnings support.
- Finance cost declined 65.0% YoY to ₹0.01 Cr on a consolidated basis, reducing funding drag.
- CRAR was 76.98%, including Tier I CRAR of 76.66%, indicating a substantial disclosed capital buffer.
Key concerns
- Consolidated PAT fell 79.2% YoY to ₹0.89 Cr and EPS fell 79.2% to ₹2.32, despite total income declining only 4.2%.
- The Loans and Investment division swung to a ₹1.35 Cr loss from a ₹3.15 Cr profit YoY, indicating deterioration in the core investment/loan activity.
- Financial-instrument impairment was ₹2.02 Cr versus nil in the year-ago quarter and was the dominant earnings charge.
- Consolidated EBITDA margin was 35.9%, materially below the 91.71% OPM reported in Q1FY26 in the prior results series, showing that the recent margin deterioration has not reversed.
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