Andhra Cements Q1 FY27 Results (NSE: ACL)
Signal: Steady quarter
The read
Q1FY27 shows steady YoY growth with stable gross and EBITDA margins, but QoQ decline across all lines signals seasonality or lumpiness. The key question is whether QoQ trend reverses in Q2. No major red flags; EPS tracks PAT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹539.81 Cr | +8.2% | -10.5% |
| EBIT | ₹150.91 Cr | +9.3% | |
| Net profit | ₹95.05 Cr | +9.1% | |
| EPS | ₹4.58 | +9.0% | |
| EBIT margin | 32.30% |
P&L walk
Revenue grew 8.2% YoY to ₹5,398.12 million; gross margin stable at 63.8% YoY, EBITDA margin 32.30% (+17bps YoY) supported by cost control. QoQ, revenue dropped 10.5%, net profit 20.6% on seasonal weakness and higher other expenses. PAT growth in line with operating profit.
Key positives
- Revenue grew 8.2% YoY, indicating demand traction.
- Gross margin stable at 63.8% YoY, showing pricing discipline.
- PAT growth of 9.1% YoY in line with revenue.
- EBITDA margin expanded 17bps YoY to 32.30%.
Key concerns
- QoQ revenue declined 10.5%, and net profit dropped 20.6%, likely seasonal but needs monitoring.
- Other expenses as % of revenue increased to 22.87% from 22.53% YoY, squeezing margins.
- Finance costs remain elevated at ₹189.56 million.
Research and educational content only. Not investment advice.