RRP Defense Q1 FY27 Results (BSE: 530929)
Signal: Loss widened
The read
The key inflection is a collapse in revenue to 0.01 lakh, down 98.0% YoY and 100.0% QoQ, with consolidated PAT at -160.50 lakh versus -19.61 lakh YoY; although the loss narrowed from -230.82 lakh in Q4FY26, there is no evidence yet of a sustainable operating recovery.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | 0.01 lakh | -98.0% | -100.0% |
| Net profit | -160.5 lakh | -718.7% | |
| EPS | ₹-1.17 | -735.7% | |
| EBIT margin | N/A |
P&L walk
Consolidated revenue was 0.01 lakh, down 98.0% YoY and 100.0% QoQ, and PAT was -160.50 lakh versus -19.61 lakh YoY; the filing does not disclose a usable operating-margin or EBIT line, while the subsidiary widened the loss by 0.89 lakh versus standalone.
Segments
The company reports a single segment; consolidated PAT was 0.89 lakh worse than standalone PAT at -160.50 lakh versus -159.61 lakh, indicating a small subsidiary drag.
Key positives
- Consolidated loss narrowed to -160.50 lakh from -230.82 lakh QoQ, with EPS improving to -1.17 INR from -1.68 INR.
- Standalone and consolidated results were closely aligned, with only a 0.89 lakh consolidated loss drag from the subsidiary.
- The pat-to-eps check was clean: EPS movement tracked PAT movement without an evident dilution-related gap.
Key concerns
- Revenue collapsed to 0.01 lakh, down 98.0% YoY and 100.0% QoQ, leaving the business with no visible operating scale in the quarter.
- Consolidated PAT worsened to -160.50 lakh from -19.61 lakh YoY, while EPS declined to -1.17 INR from -0.14 INR.
- The company withdrew its previously proposed acquisition of Paras Green UAV Private Limited and will not proceed with the transaction, removing a potential expansion route.
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