Nahar Capital Q1 FY27 Results (NSE: NAHARCAP)
Signal: Earnings grew
The read
The operating trajectory improved, with consolidated revenue of ₹18.11 crore and EBITDA of ₹15.14 crore, but the ₹67.44 crore PAT is not a clean earnings inflection: ₹16.94 crore came from deferred-tax credit and ₹35.95 crore from associates, leaving standalone PAT at ₹13.82 crore.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹18.45 Cr | +31.7% | +274.5% |
| EBIT | ₹14.78 Cr | N/A | |
| Net profit | ₹67.44 Cr | +357.3% | |
| EPS | ₹40.27 | N/A | |
| EBIT margin | 0% |
P&L walk
Total income rose to ₹18.45 crore, while EBIT was ₹14.78 crore; PAT expanded to ₹67.44 crore because the ₹16.94 crore tax credit and ₹35.95 crore associate contribution overwhelmed operating profit.
Segments
Investment/Financial Activity drove the group with ₹1,677.19 lakh revenue and ₹1,544.08 lakh result, while Real Estate added ₹167.76 lakh revenue and ₹108.91 lakh result; the larger consolidated uplift came from ₹3,595.34 lakh of associate profit.
Key positives
- Consolidated revenue was ₹18.11 crore and EBITDA was ₹15.14 crore, implying an 83.6% EBITDA margin.
- Investment/Financial Activity generated ₹1,544.08 lakh of segment result on ₹1,677.19 lakh revenue, versus ₹1,313.78 lakh result on ₹1,407.62 lakh revenue YoY.
- Finance cost declined to ₹0.00 crore from ₹0.54 crore in both comparison periods.
- Consolidated segment assets increased to ₹1,00,071.71 lakh from ₹93,887.27 lakh QoQ, alongside higher depreciation versus the year-ago quarter.
Key concerns
- Consolidated PAT of ₹67.44 crore materially exceeded standalone PAT of ₹13.82 crore because of ₹35.95 crore associate profit and a ₹16.94 crore deferred-tax credit.
- The filing states that current-quarter results under the new tax regime are not comparable with earlier quarters, weakening the quality of the +357.3% reported PAT growth.
- Real-estate revenue was only ₹167.76 lakh and investment/financial activity remains the primary earnings engine, increasing concentration in market-linked investment income.
Research and educational content only. Not investment advice.