Khazanchi Jewell Q1 FY27 Results (BSE: 543953)
Signal: Growth reaccelerated
The read
The operating trajectory accelerated in Q1FY27, with revenue of ₹585.72 Cr growing 45.1% YoY and EBITDA of ₹39.98 Cr growing 89.0% YoY, but the 8.8% EPS decline against 83.7% PAT growth is the key earnings-quality concern and requires reconciliation of the weighted-average share count.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹585.72 Cr | 45.1% | N/A |
| EBIT | ₹39.4 Cr | 86.6% | |
| Net profit | ₹27.83 Cr | 83.7% | |
| EPS | ₹11.16 | -8.8% | |
| EBIT margin | 6.8% |
P&L walk
Standalone revenue increased to ₹585.72 Cr, +45.1% YoY, while EBITDA grew faster at ₹39.98 Cr, +89.0%; EBIT reached ₹39.4 Cr, +86.6%, and PAT ₹27.83 Cr, +83.7%, but EPS fell 8.8% to ₹11.16, indicating a share-count-related dilution issue that the filing does not explain.
Key positives
- Revenue reached ₹585.72 Cr, growing 45.1% YoY, establishing a significantly stronger top-line quarter than the recent reported sales trajectory.
- EBITDA increased 89.0% YoY to ₹39.98 Cr, nearly twice the 45.1% revenue growth rate, with reported EBITDA margin at 6.8%.
- PAT grew 83.7% YoY to ₹27.83 Cr and was primarily operating-led, as other income was only ₹0.64 Cr versus PBT of ₹37.07 Cr.
Key concerns
- Basic EPS declined 8.8% YoY to ₹11.16 even as PAT rose 83.7% to ₹27.83 Cr, indicating dilution or a share-count-related issue that is not explained in the provided filing.
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