Inspirisys Sol. Q1 FY27 Results (NSE: INSPIRISYS)
Signal: Growth reaccelerated
The read
The trajectory has deteriorated after the recent revenue recovery: consolidated revenue growth remained positive at 26.4% YoY, but EBITDA fell 12.5%, EBITDA margin was 8.6%, EBIT fell 15.8% and PAT fell 33.7%; the earnings decline is more concerning because other income of ₹2.74 Cr represented 46.4% of PBT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹106.97 Cr | 26.4% | N/A |
| EBIT | ₹7.75 Cr | -15.8% | |
| Net profit | ₹4.07 Cr | -33.7% | |
| EPS | ₹1.03 | -33.1% | |
| EBIT margin | 8.6% |
P&L walk
Consolidated revenue grew 26.4% YoY to ₹106.97 Cr, but EBITDA declined 12.5% to ₹9.2 Cr and EBITDA margin was 8.6%; EBIT fell 15.8% to ₹7.75 Cr and PAT fell 33.7% to ₹4.07 Cr, while other income represented 46.4% of PBT.
Segments
Consolidated EBITDA was ₹9.2 Cr versus standalone EBITDA of ₹8.19 Cr, but consolidated PAT of ₹4.07 Cr was ₹0.21 Cr below standalone PAT of ₹4.28 Cr, indicating subsidiaries improved operating profit but diluted group bottom-line conversion.
Key positives
- Consolidated revenue increased 26.4% YoY to ₹106.97 Cr, extending the topline recovery from the ₹84.6 Cr reported in Q1FY26.
- Standalone revenue grew 26.9% YoY to ₹104.24 Cr, slightly ahead of consolidated revenue growth.
Key concerns
- Consolidated EBITDA fell 12.5% YoY to ₹9.2 Cr despite 26.4% revenue growth, with EBITDA margin at 8.6%.
- Consolidated PAT fell 33.7% YoY to ₹4.07 Cr and EPS fell 33.1% to ₹1.03, reversing the stronger profit trend seen in recent quarters.
- Standalone EBITDA margin was 7.9% versus consolidated EBITDA margin of 8.6%, while consolidated PAT of ₹4.07 Cr was below standalone PAT of ₹4.28 Cr, showing weaker group-level bottom-line conversion.
Earnings quality: includes non-operating other income
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