ABM Knowledge Q1 FY27 Results (NSE: ABMKNO)
Signal: Steady quarter
The read
The Q1FY27 inflection is operationally mixed rather than a clean recovery: consolidated revenue grew 4.2% YoY and EBITDA was nearly stable at -0.4%, but PAT fell 26.5% to ₹2.74 Cr; the contrast with standalone EBITDA declining 21.1% and the prior Q1FY26 PAT of ₹4.89 Cr points to weak earnings quality and dependence on group-level contributions and other income.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹26.17 Cr | 4.2% | N/A |
| EBIT | ₹7.1 Cr | -1.1% | |
| Net profit | ₹2.74 Cr | -26.5% | |
| EPS | ₹1.37 | -26.7% | |
| EBIT margin | 31.2% |
P&L walk
Consolidated revenue increased 4.2% YoY to ₹26.17 Cr, while EBITDA declined 0.4% to ₹8.17 Cr; EBIT fell 1.1% to ₹7.1 Cr and PAT dropped 26.5% to ₹2.74 Cr, with other income of ₹2.38 Cr representing 33.6% of PBT.
Segments
The group materially outperformed the parent: consolidated revenue was ₹26.17 Cr versus standalone revenue of ₹20.64 Cr, while consolidated EBITDA declined 0.4% YoY versus a 21.1% decline standalone, indicating that subsidiaries or consolidation adjustments were the main operational support.
Key positives
- Consolidated revenue reached ₹26.17 Cr, up 4.2% YoY, maintaining positive growth despite the prior-year quarterly revenue base of ₹25.11 Cr.
- Consolidated EBITDA was ₹8.17 Cr, down only 0.4% YoY, materially better than standalone EBITDA, which fell 21.1% YoY to ₹4.4 Cr.
- Consolidated EPS of ₹1.37 declined 26.7% YoY, broadly tracking the 26.5% PAT decline and providing no evidence of material per-share dilution.
Key concerns
- PAT declined 26.5% YoY to ₹2.74 Cr despite 4.2% revenue growth, indicating that operating stability did not translate into bottom-line growth.
- Standalone EBITDA fell 21.1% YoY to ₹4.4 Cr while standalone revenue grew 2.4% to ₹20.64 Cr, highlighting weakness in the parent operating engine.
- The filing does not disclose volume, pricing, mix, employee-cost or utilisation metrics, limiting confidence in the durability of the consolidated EBITDA performance.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.