Atlantaa Q2 FY27 Results (NSE: ATLANTAA)
Signal: Loss reversed
The read
The key inflection is the consolidated swing to ₹527.13 lakh PAT from a ₹2081.68 lakh year-ago loss, but standalone PAT was only ₹130.19 lakh and consolidated other income was ₹467.03 lakh; the trajectory is therefore a group-level recovery rather than yet a clean parent operating turnaround.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹22.13 Cr | +82.7% | +20.6% |
| EBIT | ₹3.48 Cr | N/A | |
| Net profit | ₹5.27 Cr | N/A | |
| EPS | ₹0.65 | N/A | |
| EBIT margin | 43.56% |
P&L walk
Consolidated revenue increased to ₹2213.04 lakh from ₹1211.27 lakh year-on-year and PAT swung to ₹527.13 lakh from a ₹2081.68 lakh loss, but ₹467.03 lakh of other income and the subsidiary contribution make the recovery less representative of the standalone operating franchise.
Segments
The company reports a single contracting segment, but the ₹527.13 lakh consolidated PAT versus standalone PAT of ₹130.19 lakh shows that subsidiaries, including the toll-road entities, materially lifted group earnings.
Key positives
- Consolidated revenue reached ₹2213.04 lakh, up 82.7% YoY and 20.6% QoQ, reversing the preceding quarter's ₹1835.61 lakh revenue.
- Consolidated PAT swung to ₹527.13 lakh from a ₹2081.68 lakh loss YoY and a ₹506.39 lakh loss QoQ.
- Consolidated net debt declined by ₹728.59 lakh to ₹9423.12 lakh versus March 31, 2026.
- Consolidated H1 operating cash flow was positive at ₹1393.00 lakh despite negative standalone H1 operating cash flow of ₹428.48 lakh.
Key concerns
- Standalone PAT of ₹130.19 lakh was ₹396.94 lakh below consolidated PAT of ₹527.13 lakh, highlighting continued dependence on subsidiaries and consolidation-level earnings.
- Other income of ₹467.03 lakh represented a material portion of consolidated pre-tax profit of ₹576.31 lakh, reducing the quality of the reported operating rebound.
- Inventory increased to ₹15177.88 lakh from ₹13138.98 lakh at March 31, 2026, while consolidated trade receivables stood at ₹17201.42 lakh across current and non-current balances.
- The parent remained loss-making at the H1 level with standalone H1 PAT of ₹264.29 lakh loss, despite the consolidated H1 PAT of ₹207.40 lakh profit.
Research and educational content only. Not investment advice.