Capital Trade Lk Q1 FY27 Results (BSE: 538476)
Signal: Steady quarter
The read
Q1FY27 marks a recovery to profit after Q4FY26's large loss, but the revenue base has shrunk dramatically QoQ and earnings are heavily reliant on other income (35.4% of PBT). Standalone EPS decline despite PAT growth points to equity dilution, a red flag. The business model (NBFC) does not show any disclosed lending or AUM metrics, making this a thin filing with limited visibility on core operations.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹6.77 Cr | N/A | -77.8% |
| EBIT | ₹6.78 Cr | N/A | |
| Net profit | ₹2.81 Cr | N/A | |
| EPS | ₹0.22 | N/A | |
| EBIT margin | 101.2% |
P&L walk
Revenue dropped sharply QoQ (₹6.77 Cr, -77.8%); EBITDA margin inflated to 101.2% due to high other income (₹1.46 Cr, 35.4% of PBT); PAT of ₹2.81 Cr a recovery from prior loss but heavily dependent on other income.
Key positives
- Consolidated PAT turned positive at ₹2.81 Cr vs a loss of ₹4.23 Cr in Q4FY26.
- Standalone PAT grew 17.7% YoY and 56.1% QoQ to ₹2.92 Cr.
Key concerns
- Consolidated revenue fell 77.8% QoQ to ₹6.77 Cr, a sharp contraction.
- Other income accounted for 35.4% of PBT (consolidated), flagged as non-operating and unsustainable.
- Standalone EPS dropped 60.3% QoQ despite PAT growth, indicating possible dilution.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.