SC Agrotech Q1 FY27 Results (BSE: 526081)
Signal: Margin expansion
The read
The key inflection is a move from ₹2.65 lakh year-ago pre-tax profit to ₹1274.53 lakh and a 33.7% EBITDA margin, but the trajectory is not yet fully clean: revenue fell 12.7% QoQ, the business remains a single agri-trading operation with no disclosed volume or margin bridge, and the equity base expanded 1167.4% YoY while EPS growth lagged PAT growth.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹37.85 Cr | 1668.7% | -12.7% |
| EBIT | ₹12.75 Cr | 42400.0% | |
| Net profit | ₹9.56 Cr | 47700.0% | |
| EPS | ₹1.26 | 4100.0% | |
| EBIT margin | 33.7% |
P&L walk
Standalone revenue was ₹3785.23 lakh, up 1668.7% YoY but down 12.7% QoQ; EBITDA was ₹1274.53 lakh at a 33.7% margin versus ₹2.65 lakh PBT in the year-ago quarter, and PAT rose to ₹955.89 lakh, although EPS growth of 4100.0% materially lagged PAT growth of 47700.0% after the equity base expanded.
Key positives
- Revenue reached ₹3785.23 lakh, up 1668.7% YoY, indicating a major scale-up from ₹213.53 lakh in Q1FY26.
- EBITDA was ₹1274.53 lakh at a 33.7% margin versus ₹2.65 lakh year-ago PBT, with employee and other expenses totaling only ₹6.15 lakh.
- Finance cost was ₹0.00 lakh, allowing the ₹1274.53 lakh pre-tax result to convert into ₹955.89 lakh PAT after ₹318.63 lakh tax.
Key concerns
- Revenue declined 12.7% QoQ from ₹4334.78 lakh, so the exceptionally high YoY growth has not yet translated into sequential momentum.
- The filing provides no volume, realisation, inventory-days, receivable-days or cash-flow data to validate the durability and cash conversion of the ₹1274.53 lakh operating result.
- Paid-up equity capital rose to ₹7599.50 lakh from ₹599.50 lakh YoY; consequently, EPS growth of 4100.0% materially lagged PAT growth of 47700.0%.
Research and educational content only. Not investment advice.