Gloster Ltd Q1 FY27 Results (NSE: GLOSTERLTD)
Signal: Slipped to loss
The read
The operating trajectory remains mixed: consolidated revenue reached ₹42739.45 lakh, up 10.6% YoY, but EBITDA margin slipped to 9.5% from 9.8% YoY and 10.7% QoQ as the cables business contracted; the major concern is the material standalone-consolidated divergence, with standalone PAT of ₹1010.00 lakh versus XBRL-reported consolidated PAT of ₹0 lakh and an earnings-quality flag on other income.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹427.39 Cr | 39.8% | +12.9% |
| EBIT | ₹23.87 Cr | 13.1% | N/A |
| Net profit | ₹-2.34 Cr | -100.0% | N/A |
| EPS | ₹-2.13 | -22.3% | N/A |
| EBIT margin | 9.5% |
P&L walk
Consolidated revenue rose to ₹42739.45 lakh, up 10.6% YoY and 12.9% QoQ, but EBITDA margin declined to 9.5% from 10.7% QoQ; jute remained profitable while cables' revenue fell 26.4% YoY and its result was only ₹95.32 lakh.
Segments
Jute Goods drove the group, with revenue up 26.9% YoY to ₹35437.71 lakh and segment result up 5.9% to ₹3110.11 lakh; cables declined 26.4% to ₹7301.74 lakh and contributed only ₹95.32 lakh of result despite turning profitable from a ₹578.34 lakh loss.
Key positives
- Jute Goods revenue increased 26.9% YoY to ₹35437.71 lakh and segment result increased 5.9% to ₹3110.11 lakh.
- Cables & Other Electrical Products returned to a ₹95.32 lakh segment profit from a ₹578.34 lakh loss in the comparison period.
- Consolidated revenue increased 10.6% YoY to ₹42739.45 lakh, while depreciation increased only 2.3% YoY to ₹1653.13 lakh against higher segment assets.
Key concerns
- Cables & Other Electrical Products revenue fell 26.4% YoY to ₹7301.74 lakh, limiting consolidated growth and leaving only ₹95.32 lakh of segment result.
- Consolidated EBITDA margin declined to 9.5% from 10.7% QoQ and 9.8% YoY.
- Standalone PAT of ₹1010.00 lakh materially exceeds the XBRL-reported consolidated PAT of ₹0 lakh, requiring reconciliation before relying on group earnings.
Earnings quality: includes non-operating other income
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