Kabra Extrusion Q1 FY27 Results (NSE: KABRAEXTRU)
Signal: Loss widened
The read
Q1FY27 marks the fifth consecutive YoY revenue decline and fourth straight quarter of operating loss. Revenue ₹84.17 Cr (-2.1% YoY) is the lowest Q1 in at least 5 years. Expenditure grew 3.3% YoY despite falling revenue, pushing OPM to -10.3% (-685bps YoY). The company remains operationally unprofitable with no visible turnaround catalyst from the filing.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹84.17 Cr | -2.1% | -38.2% |
| EBIT | ₹-8.66 Cr | -198.6% | |
| Net profit | ₹-11.52 Cr | -51.3% | |
| EPS | ₹-3.29 | -50.9% | |
| EBIT margin | -10.3% |
P&L walk
Revenue declined YoY for 5th consecutive quarter; operating loss widened as expenditure fell slower than revenue — employee costs + Other Expenses rose as % of sales, driving OPM to -10.3%.
Key concerns
- Revenue declined YoY for 5th consecutive quarter — 3yr sales CAGR -5.4% reflects structural demand weakness.
- OPM negative for 4th straight quarter and worsened to -10.3% — fixed cost base too high for current revenue.
- Expenditure grew 3.3% YoY while revenue fell, highlighting cost inflexibility — employee cost + Other expenses rose 17pp as % of revenue.
- Net loss widened 51% YoY; no one-offs — fully operational.
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