Saint-Gob. Sekur Q1 FY27 Results (BSE: 515043)
Signal: Steady quarter
The read
Q1FY27 shows a clear gross margin headwind (~532bps YoY compression) as raw material cost growth (+23.6% YoY) outstripped revenue (+10.8% YoY). Operating leverage from employee cost control (+2.3% YoY) and stable depreciation limited the EBITDA margin erosion to just 50bps YoY. PAT declined ~13% YoY, but the sequential QoQ dip from Q4FY26 appears seasonal. The CFO resignation announced in June 2026 adds governance uncertainty but has no immediate financial impact visible this quarter.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹60.77 Cr | 10.8% | -8.2% |
| EBIT | ₹12.07 Cr | -14.5% | |
| Net profit | ₹9.34 Cr | -12.8% | |
| EPS | ₹1.03 | -12.7% | |
| EBIT margin | 19.86% |
P&L walk
Standalone-only filing – no consolidated statement presented.
Key positives
- Revenue grew 10.8% YoY to ₹6,077 lakh, driven by volume growth in auto glass demand.
- Employee cost grew only 2.3% YoY, generating operating leverage (employee cost as % of revenue fell 107bps YoY).
- EBITDA margin remained healthy at 21.1%, only 50bps below the year-ago level despite gross margin compression.
- Net debt is negligible (D/E 0.01 from fundamentals), minimal financial risk.
Key concerns
- Gross margin compressed ~532bps YoY as raw material cost surged 23.6% YoY against revenue growth of 10.8%.
- Profit before tax declined 14.5% YoY, with net profit falling 12.8% YoY to ₹9.34 Cr.
- Other income fell 9.1% YoY, reducing a supplementary earnings buffer.
- CFO resignation effective August 7, 2026, adds near-term governance transition risk.
Research and educational content only. Not investment advice.