ADC India Q1 FY27 Results (BSE: 523411)
Signal: Growth reaccelerated
The read
The key inflection is profitability acceleration: Q1FY27 revenue grew +40.6% YoY to ₹6,341.19 lakh, but EBIT grew +73.0% to ₹1,151.97 lakh and PAT grew +72.6% to ₹857.98 lakh, lifting EBITDA margin to 18.3%; however, the filing does not identify whether the margin improvement came from pricing, mix, input costs or operating efficiency.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹63.41 Cr | 40.6% | +3.5% |
| EBIT | ₹11.52 Cr | 73.0% | |
| Net profit | ₹8.58 Cr | 72.6% | |
| EPS | ₹18.65 | 72.5% | |
| EBIT margin | 18.3% |
P&L walk
Standalone revenue reached ₹6,341.19 lakh, +40.6% YoY and +3.5% QoQ, while EBIT rose +73.0% YoY to ₹1,151.97 lakh and PAT increased +72.6% YoY to ₹857.98 lakh; the filing does not disclose the operating-cost drivers behind the margin expansion.
Key positives
- Revenue reached ₹6,341.19 lakh, +40.6% YoY and +3.5% QoQ, sustaining a high-growth run-rate despite the sequential comparison being against ₹6,124.06 lakh in Q4FY26.
- EBIT rose +73.0% YoY to ₹1,151.97 lakh versus revenue growth of +40.6%, while EBITDA margin was 18.3%; this indicates material profit conversion improvement, although the filing does not disclose the fixed-cost or mix drivers.
- PAT increased +72.6% YoY to ₹857.98 lakh and EPS increased +72.5% to ₹18.65, with paid-up capital unchanged at ₹460.00 lakh.
Key concerns
- The filing provides no segment, volume, order-book, capacity-utilisation or raw-material disclosure, leaving the durability of the +40.6% revenue growth and 18.3% EBITDA margin unvalidated.
- Sequential PAT growth of +144.3% to ₹857.98 lakh follows Q4FY26 PAT of only ₹351.16 lakh; the company does not explain the sharp quarter-to-quarter swing.
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