BDH Industries Q1 FY27 Results (BSE: 524828)
Signal: Margin expansion
The read
The key inflection is operating margin: EBITDA margin rose to 17.5%, up 407bps YoY after three consecutive quarters of YoY contraction, while revenue grew 19.1% and PAT increased 49.1% to ₹272.30 lakh; the next test is whether the margin recovery holds as revenue scales beyond the Q1FY27 level.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹22.38 Cr | 20.2% | -21.3% |
| EBIT | ₹3.71 Cr | 51.4% | |
| Net profit | ₹2.72 Cr | 48.6% | |
| EPS | ₹4.73 | 49.2% | |
| EBIT margin | 17.5% |
P&L walk
Standalone revenue increased to ₹2,282.41 lakh, +19.1% YoY, while EBITDA rose +47.0% and EBITDA margin expanded to 17.5%, driving PAT growth of +49.1% to ₹272.30 lakh.
Key positives
- EBITDA grew 47.0% YoY versus revenue growth of 19.1%, with EBITDA margin expanding 407bps YoY to 17.5%.
- PAT increased 49.1% YoY to ₹272.30 lakh and EPS rose 49.2% to ₹4.73, with EPS tracking PAT and no dilution signal.
- Revenue returned to YoY growth of 19.1% after the prior-year contraction and remained above ₹1,800 lakh in the comparable quarter.
Key concerns
- Revenue of ₹2,282.41 lakh declined from ₹2,903.00 lakh in Q4FY26, so the quarterly recovery remains sequentially uneven.
- The filing does not disclose product/geography mix, volumes, approvals, R&D intensity or raw-material costs, limiting confirmation of whether the 407bps margin expansion is structural.
Research and educational content only. Not investment advice.