DJ Mediaprint Q1 FY27 Results (NSE: DJML)
Signal: Margin pressure
The read
The business is shifting toward Services, which grew 238.86% YoY to 2429.59 lakh, but the trajectory is not yet clean: consolidated EBITDA margin contracted 188bps YoY to 16.17%, finance costs rose 73.94% to 135.86 lakh, and PAT growth of 21.86% lagged revenue growth of 44.05%; the recent Q4FY26 margin expansion has not yet been sustained.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹36.36 Cr | +44.05% | -31.20% |
| EBIT | ₹4 Cr | +36.62% | |
| Net profit | ₹2.19 Cr | +21.86% | |
| EPS | ₹0.64 | +14.29% | |
| EBIT margin | 16.17% |
P&L walk
Revenue increased to 3636.17 lakh, +44.05% YoY, while derived EBITDA rose to 587.80 lakh, +29.03%, causing EBITDA margin to contract 188bps to 16.17%; higher finance costs of 135.86 lakh, +73.94%, further limited PAT growth to 21.86%.
Segments
Standalone Services drove the operating improvement, with revenue up 238.86% YoY to 2429.59 lakh and EBIT up 241.32% to 301.61 lakh, while Printing revenue fell 59.22% and EBIT fell 86.57% to 23.75 lakh; consolidated revenue and PAT were respectively 20.61% and 16.65% above standalone.
Key positives
- Consolidated revenue grew 44.05% YoY to 3636.17 lakh, while standalone Services revenue increased 238.86% YoY to 2429.59 lakh.
- Standalone Services EBIT rose 241.32% YoY to 301.61 lakh and represented the clear operating growth engine.
- Segment assets increased 49.83% YoY to 13244.64 lakh while depreciation rose 15.36% YoY to 187.51 lakh, indicating continued asset-base expansion.
Key concerns
- Consolidated EBITDA margin contracted 188bps YoY to 16.17% despite 44.05% revenue growth, indicating weak conversion of scale into profitability.
- Printing revenue declined 59.22% YoY to 585.30 lakh and Printing EBIT declined 86.57% to 23.75 lakh.
- Finance costs increased 73.94% YoY to 135.86 lakh, limiting PAT growth to 21.86% versus revenue growth of 44.05%.
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