Yamuna Syndicate Q1 FY27 Results (BSE: 540980)
Signal: Steady quarter
The read
The operating trajectory improved, with revenue at ₹22.52 crore (+16.5% YoY), EBITDA at ₹1.39 crore (+25.2%) and EBIT at ₹1.37 crore (+25.7%), but earnings quality is the central issue: consolidated PAT fell 79.2% to ₹5.06 crore despite operating growth, while standalone PAT rose 28.7% to ₹1.03 crore and other income represented 45.3% of consolidated PBT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹22.52 Cr | 16.5% | N/A |
| EBIT | ₹1.37 Cr | 25.7% | |
| Net profit | ₹5.06 Cr | -79.2% | |
| EPS | ₹164.55 | -79.2% | |
| EBIT margin | 6.2% |
P&L walk
Consolidated revenue was ₹22.52 crore, up 16.5% YoY, while EBITDA rose 25.2% to ₹1.39 crore and EBIT rose 25.7% to ₹1.37 crore; reported PAT of ₹5.06 crore fell 79.2% and is not explained by the operating lines, with other income at ₹0.62 crore or 45.3% of PBT.
Segments
There is no segment table, but the consolidated-versus-standalone gap is material: both reported revenue of ₹22.52 crore, while consolidated PAT was ₹5.06 crore versus standalone PAT of ₹1.03 crore; the source of the ₹4.03 crore difference is not disclosed.
Key positives
- Revenue increased to ₹22.52 crore, +16.5% YoY, reversing the flat-to-moderate growth pattern in the recent Q1FY26 history.
- EBITDA rose 25.2% YoY to ₹1.39 crore against revenue growth of 16.5%, while EBIT rose 25.7% to ₹1.37 crore.
- Standalone PAT increased 28.7% YoY to ₹1.03 crore and standalone EPS increased 28.3% to ₹33.51, broadly tracking operating improvement.
Key concerns
- Consolidated PAT fell 79.2% YoY to ₹5.06 crore even as EBIT rose 25.7% to ₹1.37 crore, making the group-level earnings trajectory difficult to interpret.
- Consolidated PAT of ₹5.06 crore versus standalone PAT of ₹1.03 crore, with identical revenue of ₹22.52 crore, creates a ₹4.03 crore unexplained group-level divergence.
- Other income of ₹0.62 crore represented 45.3% of consolidated PBT, reducing the quality and repeatability of reported earnings.
Earnings quality: includes non-operating other income
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