National Standar Q1 FY27 Results (NSE: NATIONSTD)
Signal: Revenue declined
The read
Quarter marked by a one-off sale cancellation that made revenue negative; net profit surged 157% YoY entirely on strong other income, not from real estate operations. Core property development remains inactive pending the merger with Lodha Developers.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹-1.02 Cr | -105.0% | N/A |
| EBIT | ₹-1.09 Cr | +61.9% | |
| Net profit | ₹2.54 Cr | +157.4% | |
| EPS | ₹1.27 | +159.2% | |
| EBIT margin | N/A |
P&L walk
Profit powered by other income; revenue and cost reversals distort underlying trends.
Key positives
- Net profit up 157% YoY to ₹254 lakh.
- Other income stable at ₹448 lakh, up 3.4% YoY.
- Operating expenses reduced sharply (other expenses down 85% YoY).
Key concerns
- Revenue negative (-₹101.57 lakh) due to a sale cancellation; no new bookings.
- Business fully dependent on other income; no active real estate development.
- Merger with Lodha Developers pending NCLT approval – strategic uncertainty.
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