KS Smart Technlogies Q1 FY27 Results (BSE: 516038)
Signal: Steady quarter
The read
The trajectory has reset sharply from Q4FY26's ₹815 Cr revenue, 10% OPM and ₹57 Cr PAT to Q1FY27 revenue of ₹233.43 Cr, 5.6% EBITDA margin and ₹3.86 Cr PAT; with other income of ₹3.61 Cr equal to 63% of PBT, the quarter does not yet demonstrate durable operating momentum.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹233.43 Cr | N/A | N/A |
| EBIT | ₹11.83 Cr | N/A | |
| Net profit | ₹3.86 Cr | N/A | |
| EPS | ₹0.23 | N/A | |
| EBIT margin | 5.6% |
P&L walk
Consolidated revenue was ₹233.43 Cr and EBITDA was ₹13.09 Cr at a 5.6% margin; EBIT was ₹11.83 Cr, while PAT of ₹3.86 Cr was supported by ₹3.61 Cr of other income, equal to 63% of PBT.
Segments
Consolidated earnings sit in the subsidiaries: group revenue was ₹233.43 Cr and PAT ₹3.86 Cr versus standalone revenue of ₹2.35 Cr and PAT of negative ₹0.07 Cr; three subsidiaries included in consolidation were unreviewed and contributed ₹61.47 lakh of revenue and a ₹22.53 lakh net loss.
Key positives
- The consolidated platform is materially larger than the parent standalone entity: revenue was ₹233.43 Cr versus ₹2.35 Cr and PAT was ₹3.86 Cr versus standalone loss of ₹0.07 Cr.
- The group remained EBITDA-positive at ₹13.09 Cr and EBIT-positive at ₹11.83 Cr despite the quarter's lower scale versus Q4FY26.
Key concerns
- Revenue of ₹233.43 Cr is materially below Q4FY26's ₹815 Cr, while EBITDA margin fell from the prior-series 10% to 5.6%; the filing does not disclose whether this is project timing or a structural slowdown.
- PAT of ₹3.86 Cr was heavily supported by ₹3.61 Cr of other income, which represented 63% of PBT and limits the quality of reported earnings.
- Standalone revenue was only ₹2.35 Cr and standalone PAT was negative ₹0.07 Cr, leaving consolidated performance dependent on subsidiaries.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.