JSW Holdings Q1 FY27 Results (NSE: JSWHL)
Signal: Earnings declined
The read
Consolidated PAT declined 27.4% YoY to ₹24.54 Cr as associate profit share collapsed 78.3% to ₹3.06 Cr; standalone PAT grew 9.1% YoY to ₹21.47 Cr, demonstrating core stability. The entire earnings volatility comes from associate investments, not the parent's operations.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.35 Cr | 14.9% | 4.3% |
| EBIT | ₹0.29 Cr | -3.3% | |
| Net profit | ₹0.25 Cr | -27.4% | |
| EPS | ₹22.11 | -27.4% |
P&L walk
Revenue grew 14.9% YoY driven by 12.5% rise in interest income and 29.9% jump in advisory fees; but consolidated PAT fell 27.4% YoY as share of profit from associates declined sharply to ₹306.49 lakh from ₹1,413.82 lakh a year ago.
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