Paisalo Digital Q1 FY27 Results (NSE: PAISALO)
Signal: Earnings grew
The read
The core trajectory is positive: consolidated revenue grew 19.0% YoY and PAT grew 30.0%, continuing the recent revenue acceleration from 17.6% YoY in Q3FY26 and 18.7% in Q1FY27's prior-series comparison; however, finance costs rose 22.6% YoY and the filing's EPS fell 16.3% despite PAT growth, making share-count or presentation reconciliation the key earnings-quality issue.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹260.29 Cr | +19.0% | -0.3% |
| EBIT | ₹197.79 Cr | N/A | |
| Net profit | ₹61.31 Cr | +30.0% | |
| EPS | ₹0.67 | -16.3% | |
| EBIT margin | 0% |
P&L walk
Consolidated revenue rose to ₹26028.92 lakh, +19.0% YoY and broadly flat QoQ, while PAT increased to ₹6131.40 lakh, +30.0% YoY but fell 14.9% QoQ; finance costs rose 22.6% YoY to ₹11558.29 lakh, and the filing does not disclose a specific growth driver.
Segments
The company reports a single financing business with no separate reportable segments; the wholly owned subsidiary contributed ₹566.92 lakh of additional consolidated revenue and ₹44.93 lakh of PAT over standalone.
Key positives
- Consolidated revenue reached ₹26028.92 lakh, +19.0% YoY, sustaining growth above the ₹21870.71 lakh year-ago base despite being broadly flat QoQ.
- PAT rose 30.0% YoY to ₹6131.40 lakh, outpacing revenue growth by 11.0 percentage points; other income was ₹0, so the reported profit increase was operating-led rather than treasury-income-led.
- Asset quality remained contained at 0.70% GNPA and 0.48% NNPA, while capital adequacy was 32.05%.
Key concerns
- Finance costs increased 22.6% YoY to ₹11558.29 lakh, faster than revenue growth of 19.0%, creating funding-cost sensitivity for the lending model.
- The filing reports PAT growth of 30.0% but EPS decline of 16.3% from ₹0.80 to ₹0.67, requiring reconciliation of the share-count or comparative EPS presentation.
- PAT declined 14.9% QoQ from ₹7223.00 lakh to ₹6131.40 lakh even as revenue was broadly flat, indicating sequential earnings volatility.
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