Nutricircle Q1 FY27 Results (BSE: 530219)
Signal: Steady quarter
The read
The trajectory is a sharp revenue acceleration to ₹550.06 lakh, +151.1% YoY, but economics remain thin: gross margin fell 437bps to 12.2% and EBITDA margin fell 80bps to 0.7%; PAT rose only 33.3% to ₹3.77 lakh and EPS stayed flat at ₹0.03 after dilution.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5.5 Cr | 151.1% | +12.7% |
| EBIT | ₹0.04 Cr | 33.3% | |
| Net profit | ₹0.04 Cr | 33.3% | |
| EPS | ₹0.03 | 0.0% | |
| EBIT margin | 0.7% |
P&L walk
Revenue rose to ₹550.06 lakh, +151.1% YoY and +12.7% QoQ, but gross margin contracted 437bps YoY to 12.2%; EBITDA margin fell 80bps to 0.7%, leaving PAT growth of 33.3% well below revenue growth.
Key positives
- Revenue reached ₹550.06 lakh, +151.1% YoY and +12.7% QoQ, indicating continued scale-up from the ₹219.17 lakh year-ago base.
- Employee plus other expenses fell to 11.5% of revenue from 50.0% YoY, providing operating-cost absorption despite gross-margin pressure.
- PAT increased +33.3% YoY to ₹3.77 lakh with zero finance cost, zero other income and zero exceptional items.
Key concerns
- Gross margin compressed 437bps YoY to 12.2%; cost of materials was ₹483.04 lakh, or 87.8% of revenue, leaving limited operating cushion.
- EBITDA margin declined 80bps YoY to 0.7% even as revenue grew +151.1%, indicating that scale has not yet translated into stronger profitability.
- EPS was flat at ₹0.03 despite PAT growth of 33.3%, while paid-up share capital increased to ₹1,110 lakh from ₹1,000 lakh.
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