The Bombay Burmah Q1 FY27 Results (NSE: BBTC)
Signal: Steady quarter
The read
The group delivered ₹5,088.69 crore of revenue, +8.0% YoY, but the investment thesis remains dependent on subsidiary earnings because standalone recurring operations produced a ₹7.01 crore pre-exceptional loss and standalone PAT of ₹7.86 crore was inflated by a ₹14.87 crore property-sale gain; this is a deterioration from Q4FY26's 17% operating margin and ₹81.52 crore standalone PAT, while consolidated margin and profit cannot be assessed from the provided extract.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5,088.69 Cr | +8.0% | +5.6% |
P&L walk
Consolidated revenue from operations rose to ₹5,088.69 crore, +8.0% YoY and +5.6% QoQ; raw material cost increased faster than revenue at +9.8% YoY, while employee cost fell 11.6% YoY, but consolidated EBITDA and PAT are absent from the provided statement extract.
Segments
No segment results table is included in the provided extract; however, the consolidated group revenue of ₹5,088.69 crore grew 8.0% YoY versus standalone revenue of ₹67.54 crore declining 5.9%, confirming that subsidiaries drive substantially all reported revenue.
Key positives
- Consolidated revenue reached ₹5,088.69 crore, +8.0% YoY and +5.6% QoQ, accelerating from the +6.6% YoY growth reported in Q4FY26.
- Consolidated employee cost declined 11.6% YoY to ₹237.95 crore while revenue grew 8.0% YoY, reducing employee cost intensity to 4.68% from 5.71%.
- Standalone finance costs fell 48.3% YoY to ₹3.90 crore, and standalone debt-equity improved to 0.58x from 1.15x YoY.
Key concerns
- Standalone revenue declined 5.9% YoY to ₹67.54 crore and remained loss-making before exceptional items at ₹7.01 crore.
- Standalone PAT fell 76.4% YoY to ₹7.86 crore, with the result dependent on a ₹14.87 crore exceptional gain from asset sales.
- Consolidated gross margin declined 93bps YoY to 44.23% as raw material cost rose to 55.77% of revenue from 54.84%; the filing does not disclose the cause or pricing response.
- Consolidated profit, EBITDA and EPS lines are absent from the available statement extract, preventing a complete group earnings-quality assessment.
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