AceVector Q1 FY27 Results (NSE: ACEVECTOR)
Signal: Loss widened
The read
The key inflection is negative: revenue rose 16.6% YoY to Rs 1,343.05 million, but operating loss more than doubled to Rs 240.80 million and PAT loss widened 95.7% to Rs 253.56 million, led by Marketplace losses rather than a group-wide revenue slowdown.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹134.31 Cr | +16.6% | +4.0% |
| EBIT | ₹-24.08 Cr | loss widened 126.6% | |
| Net profit | ₹-25.36 Cr | loss widened 95.7% | |
| EPS | ₹-0.62 | loss per share widened 77.1% | |
| EBIT margin | -17.9% |
P&L walk
Consolidated revenue increased to Rs 1,343.05 million, +16.6% YoY and +4.0% QoQ, but operating loss widened to Rs 240.80 million from Rs 106.25 million as the Marketplace segment loss reached Rs 270.05 million; finance costs rose 30.0% YoY to Rs 13.87 million and PAT loss widened to Rs 253.56 million.
Segments
Marketplace drove the deterioration, with revenue of Rs 782.61 million, +15.3% YoY, but segment loss widening to Rs 270.05 million from Rs 136.35 million; SaaS remained profitable at Rs 47.76 million, while Consumer Brands lost Rs 18.52 million.
Key positives
- Consolidated revenue increased 16.6% YoY to Rs 1,343.05 million, with Marketplace revenue up 15.3% to Rs 782.61 million and SaaS revenue up 14.3% to Rs 513.70 million.
- Consumer Brands revenue grew 85.1% YoY to Rs 48.03 million, although the segment remained loss-making at Rs 18.52 million.
- SaaS remained profitable at Rs 47.76 million despite a 10.1% YoY decline in segment result.
Key concerns
- Operating loss widened to Rs 240.80 million from Rs 106.25 million YoY, causing operating margin to contract 870bps to -17.9%.
- Marketplace segment loss widened to Rs 270.05 million from Rs 136.35 million despite 15.3% revenue growth, showing weak conversion of growth into earnings.
- Finance costs rose 30.0% YoY to Rs 13.87 million and 115.0% QoQ, further increasing the consolidated loss.
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