iStreet Network Q1 FY27 Results (BSE: 524622)
Signal: Growth decelerated
The read
The key inflection is negative: revenue grew 227.5% YoY to ₹43.33 Cr, yet EBITDA fell 6.5% to ₹2.31 Cr, EBIT fell 13.4% to ₹2.14 Cr and PAT fell 36.4% to ₹1.57 Cr; the 81.0% diluted-EPS decline makes per-share economics materially weaker, with prior context also recording conversion of 11,16,667 warrants into equity shares.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹43.33 Cr | 227.5% | N/A |
| EBIT | ₹2.14 Cr | -13.4% | |
| Net profit | ₹1.57 Cr | -36.4% | |
| EPS | ₹0.22 | -81.0% | |
| EBIT margin | 5.3% |
P&L walk
Standalone revenue reached ₹43.33 Cr, +227.5% YoY, but EBITDA declined 6.5% to ₹2.31 Cr and EBIT declined 13.4% to ₹2.14 Cr; PAT fell 36.4% to ₹1.57 Cr, while diluted EPS fell 81.0% to ₹0.11, indicating weak operating conversion and dilution.
Key positives
- Revenue increased 227.5% YoY to ₹43.33 Cr, demonstrating substantial reported scale expansion.
- Other income was ₹0.15 Cr against PBT of ₹2.11 Cr, and the XBRL earnings-quality flag is clean, so the reported PAT decline was not masked by a material other-income contribution.
Key concerns
- EBITDA declined 6.5% YoY to ₹2.31 Cr despite 227.5% revenue growth, pointing to sharply weaker operating conversion.
- PAT declined 36.4% YoY to ₹1.57 Cr and EBIT declined 13.4% YoY to ₹2.14 Cr despite the revenue surge.
- Diluted EPS declined 81.0% to ₹0.11 versus a 36.4% PAT decline, indicating materially worse per-share economics.
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