Authum Invest Q1 FY27 Results (NSE: AIIL)
Signal: Earnings grew
The read
Revenue and EBITDA grew strongly YoY, but EPS plunged on a 67.9:1 bonus dilution and PAT was inflated by non-operating fair value gains of ₹1,748 Cr, masking the underlying impact of impairment provisions.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,469.54 Cr | 20.9% | -43.7% |
| EBIT | ₹1,313.34 Cr | 12.8% | |
| Net profit | ₹2,593.58 Cr | 30.8% | |
| EPS | ₹13.05 | -76.5% | |
| EBIT margin | 0% |
P&L walk
Revenue up 20.9% YoY, high EBITDA margin 90.1%, but PAT inflated by OCI fair value gains of ₹1,748 Cr; EPS severely diluted by bonus.
Key positives
- Revenue grew 20.9% YoY to ₹1,469.54 Cr, indicating strong business momentum.
- EBITDA margin remained high at 90.1%, reflecting robust core profitability.
- Total comprehensive income (incl. OCI) was ₹2,591.29 Cr, adding substantial equity value.
Key concerns
- EPS fell 76.5% due to 67.9:1 bonus issue; per-share value severely diluted.
- Impairment on financial instruments surged to ₹69.66 Cr, up 289% YoY, indicating asset quality stress.
- PAT of ₹2,593.58 Cr far exceeded ordinary PAT of ₹1,108.22 Cr; the difference arises from OCI fair value gains, which are non-cash and volatile.
Research and educational content only. Not investment advice.