Indostar Capital Q1 FY27 Results (NSE: INDOSTAR)
Signal: Slipped to loss
The read
PAT collapsed to -₹424 Cr from +₹36 Cr a year ago — an extraordinary swing driven by a massive provisioning charge, typical of a stressed NBFC on a portfolio-wide impairment trigger. Revenue (-7% YoY) continues its multi-quarter slide, confirming the asset-quality deterioration story. This is the 4th straight quarter of declining PAT, and the loss is the largest in the series — a major red flag.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹347 Cr | -7.0% | -0.3% |
| Net profit | ₹-424 Cr | -1086.5% | |
| EPS | ₹-26.24 | -1086.5% | |
| EBIT margin | 0% |
P&L walk
Revenue contracted YoY for a second consecutive quarter, while net profit swung to a massive loss — the worst in the series — on what appears to be a sharp rise in provisions/credit cost, typical of NBFC distress.
Key concerns
- Revenue declined 7% YoY, 4th consecutive quarter of contraction.
- Net profit swung to -₹424 Cr vs +₹36 Cr a year ago — the worst quarterly loss in the series.
- EPS of -₹26.24 marks a deep negative, indicating severe earnings erosion.
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