Lotus Chocolate Q1 FY27 Results (BSE: 523475)
Signal: Revenue declined
The read
Revenue collapsed 42% YoY to ₹91.95 Cr, PAT crashed 99.3% to ₹0.02 Cr — entire profit from other income; operating business near breakeven with EBITDA margin of 3.5% vs 22.4% a year ago; earnings quality is severely compromised.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹91.95 Cr | -42.1% | -27.5% |
| EBIT | ₹2.22 Cr | -72.4% | |
| Net profit | ₹0.02 Cr | -99.3% | |
| EPS | ₹0.02 | -99.1% | |
| EBIT margin | 3.5% |
P&L walk
Revenue collapsed 42% YoY, cost of materials surged to 68.5% of revenue (vs 42.2% a year ago), gross margin crushed; EBITDA barely positive at 3.5% vs 22.4% prior; PAT of ₹0.02 Cr entirely from other income (₹19.66 Cr) which dwarfs operating loss — unsustainable earnings quality.
Key concerns
- Revenue collapsed 42% YoY — sharpest decline in recent history, reversing prior quarter's growth trajectory.
- PAT of ₹0.02 Cr is entirely from other income (65533% of PBT); core operations generated negligible profit.
- Gross margin compressed ~3200bps YoY as cost of materials surged to 68.5% of revenue from 42.2%.
- Finance cost jumped 166% YoY, indicating higher debt load.
Earnings quality: includes non-operating other income
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