A.K.Capital Serv Q1 FY27 Results (NSE: AKCAPIT)
Signal: Earnings grew
The read
The key inflection is a widening consolidated-versus-standalone performance gap: group total income grew 3.9% YoY and PAT 17.7% to ₹27.19 Cr, while standalone income fell 19.8% and EBITDA 20.5%; lower consolidated finance costs of ₹59.18 Cr, down 3.9% YoY, supported earnings, but the 5.8% QoQ income decline signals softer near-term momentum.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹139.72 Cr | 3.9% | -5.8% |
| EBIT | ₹100.32 Cr | 7.3% | |
| Net profit | ₹27.19 Cr | 17.7% | |
| EPS | ₹41.2 | 17.7% | |
| EBIT margin | 0% |
P&L walk
Consolidated total income rose 3.9% YoY to ₹140.27 Cr and EBITDA increased 7.3% to ₹103 Cr, while PAT grew 17.7% to ₹27.19 Cr; the bottom line benefited from stronger operating profit and a lower effective tax burden versus the prior-year quarter.
Segments
There is no reportable segment table; the material divergence is basis-driven, with consolidated total income up 3.9% YoY to ₹140.27 Cr while standalone total income fell 19.8% to ₹28.99 Cr, indicating subsidiaries supplied the group's growth.
Key positives
- Consolidated PAT rose 17.7% YoY to ₹27.19 Cr, materially faster than total-income growth of 3.9%.
- Finance costs declined 3.9% YoY to ₹59.18 Cr on the consolidated basis, supporting a 7.3% YoY increase in verified EBITDA to ₹103 Cr.
- EPS rose 17.7% YoY to ₹41.20 and tracked PAT without a dilution signal.
- Net worth increased 5.4% YoY to ₹535.20 Cr while debt-equity declined from 1.34x to 0.49x.
- The Board declared an interim dividend of ₹12 per share, implying cash outflow of ₹7.92 Cr.
Key concerns
- Consolidated total income declined 5.8% QoQ to ₹140.27 Cr and PAT declined 18.1% QoQ to ₹27.19 Cr, reversing the stronger sequential momentum seen in the previous quarter.
- Standalone total income fell 19.8% YoY to ₹28.99 Cr and standalone EBITDA declined 20.5% to ₹20 Cr, making group growth dependent on subsidiaries.
- Interest service coverage declined to 2.03x from 2.86x QoQ, despite the lower debt-equity ratio.
Research and educational content only. Not investment advice.