Motisons Jewel Q1 FY27 Results (NSE: MOTISONS)
Signal: Steady quarter
The read
The key inflection was profit conversion: revenue grew 23.3% YoY, EBITDA grew 28.1% and PAT grew 37.6%, with finance costs down 28.9% YoY and other income only 1.11 lakh; however, the QIP issued 13.57466 crore shares for 15,000.00 lakh, so future per-share compounding must be assessed against the enlarged equity base and the working-capital deployment.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹107.33 Cr | 23.3% | -21.9% |
| EBIT | ₹15.92 Cr | 29.3% | |
| Net profit | ₹11.05 Cr | 37.6% | |
| EPS | ₹0.11 | 37.5% | |
| EBIT margin | 15.2% |
P&L walk
Revenue increased to 10,732.57 lakh, up 23.3% YoY but down 21.9% QoQ; EBITDA rose 28.1% YoY to 16.35 crore with a reported 15.2% margin, while PAT grew 37.6% to 1,104.82 lakh, helped by a 28.9% YoY decline in finance costs.
Key positives
- Revenue was 10,732.57 lakh, up 23.3% YoY, showing healthy reported sales momentum despite a 21.9% QoQ decline.
- EBITDA rose 28.1% YoY to 16.35 crore, growing faster than revenue by 4.8 percentage points.
- PAT increased 37.6% YoY to 1,104.82 lakh while other income was only 1.11 lakh, supporting operating quality rather than treasury-led earnings.
- Finance costs declined 28.9% YoY to 108.38 lakh, improving the conversion of operating profit into PAT.
Key concerns
- The QIP added 13.57466 crore equity shares at ₹11.05 per share for 15,000.00 lakh, materially increasing the equity base and raising the bar for future EPS growth.
- QIP net proceeds of 13,936.80 lakh were primarily earmarked for working capital, with 12,936.80 lakh utilised during the quarter; inventory and cash-conversion outcomes were not disclosed.
- Employee and other operating expenses rose 28.8% YoY, faster than revenue growth of 23.3%, so the quarter's PAT outperformance was more dependent on lower finance costs than on operating-cost leverage.
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