Birla Precision Q1 FY27 Results (NSE: BIRLAPREC)
Signal: Margin expansion
The read
The operating inflection is positive: consolidated EBITDA rose 32.6% YoY to ₹911 lakh and margin expanded 360bps to 15.1% despite only 1.4% revenue growth, but the result is not yet high-quality because other income of ₹620.58 lakh equaled 93.2% of PBT and Automotive Components now carries a disproportionate share of segment profit.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹60.45 Cr | 1.4% | -8.7% |
| EBIT | ₹7.72 Cr | 33.6% | |
| Net profit | ₹5.37 Cr | 86.5% | |
| EPS | ₹0.79 | 79.5% | |
| EBIT margin | 15.1% |
P&L walk
Consolidated revenue increased 1.4% YoY to ₹6045.32 lakh but fell 8.7% QoQ; EBITDA rose 32.6% YoY to ₹911 lakh and margin expanded to 15.1%, while PAT growth to ₹536.87 lakh was amplified by other income of ₹620.58 lakh.
Segments
Automotive Components generated ₹721.62 lakh revenue and ₹436.33 lakh segment result, contributing the majority of consolidated segment profit despite being a small revenue stream; Tooling generated ₹5944.28 lakh revenue but only ₹227.19 lakh result, down 56.9% YoY.
Key positives
- Consolidated EBITDA was ₹911 lakh, up 32.6% YoY versus revenue growth of 1.4%, with EBITDA margin expanding 360bps to 15.1%.
- Standalone EBITDA rose 42.2% YoY to ₹953 lakh and standalone margin expanded 470bps to 16.2%.
- Automotive Components delivered ₹436.33 lakh segment result on ₹721.62 lakh revenue, becoming the key contributor to reported segment profitability.
- Finance costs declined 26.7% YoY on a consolidated basis to ₹108.06 lakh.
Key concerns
- Revenue was only ₹6045.32 lakh, up 1.4% YoY and down 8.7% QoQ, indicating limited top-line momentum.
- Tooling, the dominant business at ₹5944.28 lakh revenue, produced ₹227.19 lakh segment result, down 56.9% YoY.
- Raw materials and components increased to 42.1% of consolidated revenue from 27.4% YoY, despite reported gross-margin expansion.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.