Andrew Yule & Co Q1 FY27 Results (NSE: ANDREWYU)
Signal: Loss narrowed
The read
The operating turnaround remains unproven: revenue rose 3.8% YoY to ₹5829.72 lakh, but standalone PAT swung from a ₹2554.23 lakh profit to a ₹2102.45 lakh loss and standalone PBT stayed negative; the consolidated loss narrowed only because associate profit contributed ₹1869.34 lakh.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹58.3 Cr | +3.8% | N/A |
| Net profit | ₹-2.34 Cr | +92.3% | |
| EPS | ₹-0.06 | +92.6% |
P&L walk
Revenue was ₹5829.72 lakh, up 3.8% YoY, but operating PBT remained a ₹2103.08 lakh loss; ₹1869.34 lakh of associate profit reduced the consolidated loss to ₹233.73 lakh.
Segments
Tea remained the main drag with a ₹1259.09 lakh loss despite ₹2868.73 lakh revenue, while Electrical-Chennai and Engineering turned profitable at ₹143.24 lakh and ₹300.60 lakh respectively; consolidated PAT was rescued by ₹1869.34 lakh of associate profit.
Key positives
- Revenue increased 3.8% YoY to ₹5829.72 lakh despite continued operating losses.
- Electrical-Chennai turned profitable at ₹143.24 lakh versus a ₹588.63 lakh loss YoY.
- Engineering turned profitable at ₹300.60 lakh versus a ₹370.96 lakh loss YoY.
- Consolidated PAT loss narrowed to ₹233.73 lakh from ₹3051.15 lakh, supported by ₹1869.34 lakh of associate profit.
- Depreciation rose 8.9% YoY alongside higher segment assets, producing a clean depreciation-to-capex cross-check.
Key concerns
- Standalone PAT swung to a ₹2102.45 lakh loss from a ₹2554.23 lakh YoY profit, showing that the parent operating business remains fragile.
- Tea generated ₹2868.73 lakh revenue but a ₹1259.09 lakh segment loss, making it the principal operating drag.
- Finance cost rose 36.4% YoY to ₹679.89 lakh while PBT remained a ₹2103.08 lakh consolidated loss.
- The consolidated profit improvement is highly dependent on associate income of ₹1869.34 lakh rather than core operations.
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