Mayur Uniquoters Q1 FY27 Results (NSE: MAYURUNIQ)
Signal: Growth reaccelerated
The read
The operating trajectory appears to have remained strong at ₹269.23 Cr revenue and 30.4% consolidated EBITDA margin, consistent with the prior context's reported input-cost tailwind, but the consolidated PAT of ₹0 versus standalone PAT of ₹58.95 Cr and other income equal to 31% of consolidated PBT prevent a clean earnings-quality conclusion.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹269.23 Cr | 24.7% | N/A |
| EBIT | ₹74.38 Cr | 34.5% | N/A |
| Net profit | ₹56.12 Cr | 37.8% | N/A |
| EPS | ₹12.92 | 37.9% | N/A |
| EBIT margin | 30.4% |
P&L walk
Consolidated revenue was ₹269.23 Cr and EBITDA was ₹81.9 Cr at a 30.4% margin, but ₹22.96 Cr of other income represented 31% of PBT and reported consolidated PAT was ₹0.
Segments
No segment table is disclosed; the material basis divergence is that standalone PAT is ₹58.95 Cr while consolidated PAT is reported as ₹0, despite consolidated revenue of ₹269.23 Cr exceeding standalone revenue of ₹247.03 Cr.
Key positives
- Revenue was ₹269.23 Cr and consolidated EBITDA was ₹81.9 Cr at a 30.4% margin, while standalone EBITDA margin was higher at 34.6%.
- Standalone PAT was ₹58.95 Cr and standalone EPS was ₹13.57, indicating substantial reported profitability on the parent-company basis.
- The prior company context attributes the 30.4% margin to an input-cost tailwind and operating leverage, although the supplied results advertisement does not provide the supporting cost bridge.
Key concerns
- Consolidated PAT is reported as ₹0 despite consolidated PBT of ₹74.12 Cr and EPS of ₹12.92, requiring reconciliation before using consolidated earnings for valuation or trend analysis.
- Standalone PAT of ₹58.95 Cr is materially different from consolidated PAT of ₹0, while consolidated revenue of ₹269.23 Cr is ₹22.20 Cr above standalone revenue of ₹247.03 Cr.
- Other income of ₹22.96 Cr represented 31% of consolidated PBT and ₹22.68 Cr represented 29.2% of standalone PBT, making earnings dependent on non-operating income to a material degree.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.