Hindusthan Insulators & Q1 FY27 Results (BSE: 539984)
Signal: Loss reversed
The read
Q1FY27 marks a decisive turnaround from loss-making quarters: revenue jumped 79.9% YoY, EBITDA margin expanded from 7.9% to 40.1% on operating leverage and strong volume growth in High Tension Insulators, pushing PAT from a loss to ₹36.6 Cr.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹115.37 Cr | 79.9% | 6.7% |
| EBIT | ₹44.42 Cr | 775.7% | |
| Net profit | ₹36.62 Cr | 20444.4% | |
| EPS | ₹50.76 | 20404.0% | |
| EBIT margin | 40.1% |
P&L walk
Standalone-only filer: revenue and profit surge entirely on operating strength in the High Tension Insulators segment.
Segments
The High Tension Insulators segment drove the entire profit: segment result of ₹4,168.66 lakh (up from ₹82.72 lakh YoY) lifted consolidated PBT; Real-Estate contributed a modest ₹154.82 lakh; Others segment includes investment gains.
Key positives
- EBITDA margin expanded 3,249 bps YoY to 40.1%, driven by fixed-cost leverage (employee cost +26% vs revenue +80%).
- High Tension Insulators segment revenue surged 82.6% YoY, indicating strong demand or market share gains.
- Net profit turned positive from a loss of ₹0.18 Cr to ₹36.62 Cr, with PAT margin at 31.8%.
Key concerns
- Finance costs jumped 81.6% QoQ to ₹230 lakh, though still low relative to EBITDA.
- Proposed additional unsecured borrowing of ₹155 Cr from related party for capex/working capital – leverage profile may increase.
- Depreciation nearly flat despite 7.7% sequential growth in segment assets – possible under-depreciation if new capacity is already operational.
Research and educational content only. Not investment advice.