CDG Petchem Q1 FY27 Results (BSE: 534796)
Signal: Loss reversed
The read
The business has undergone a dramatic subsidiary-led scale inflection: consolidated revenue rose to ₹4548.82 lakh from ₹25.76 lakh YoY and PAT to ₹524.37 lakh from a ₹52.18 lakh loss, but the recent trajectory softened as EBITDA margin contracted 887bps QoQ to 16.55%, net debt increased to ₹2817.34 lakh, and only ₹268.46 lakh of PAT was attributable to owners.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹45.49 Cr | +17664.7% | -12.9% |
| EBIT | ₹5.41 Cr | N/A | |
| Net profit | ₹5.24 Cr | N/A | |
| EPS | ₹5.68 | N/A | |
| EBIT margin | 16.55% |
P&L walk
Revenue reached ₹4548.82 lakh, up 17664.7% YoY but down 12.9% QoQ; EBITDA was ₹752.64 lakh and margin fell to 16.55% from 25.43% QoQ, while PAT of ₹524.37 lakh was broadly stable QoQ despite a sharp YoY turnaround.
Segments
There is no segment table, but the ₹524.37 lakh consolidated PAT versus only ₹2.10 lakh standalone PAT shows that the 51%-owned Jujhar Logistic and Travels subsidiary is driving virtually all group earnings, with ₹255.92 lakh accruing to non-controlling interest.
Key positives
- Consolidated revenue increased to ₹4548.82 lakh from ₹25.76 lakh YoY, establishing a much larger operating base than the prior-year quarter.
- PAT turned positive at ₹524.37 lakh versus a ₹52.18 lakh loss YoY, while finance costs fell 66.2% YoY to ₹86.23 lakh.
- Operating cash flow was positive at ₹778.47 lakh, providing some support for the current earnings despite ₹1214.04 lakh of fixed-asset purchases.
Key concerns
- EBITDA margin declined 887bps QoQ to 16.55% as revenue fell 12.9% while operational expenses increased 0.5% QoQ, indicating weak near-term operating absorption.
- Standalone PAT was only ₹2.10 lakh versus consolidated PAT of ₹524.37 lakh, making the earnings thesis dependent on the subsidiary.
- Non-controlling interest received ₹255.92 lakh, or 48.8% of consolidated PAT, so less than half of reported profit accrued to the company's owners.
- Net debt rose to ₹2817.34 lakh from ₹1056.26 lakh at 31 March 2026 as borrowings increased and cash fell to ₹517.84 lakh.
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