Pilani Invest. Q1 FY27 Results (NSE: PILANIINVS)
Signal: Loss widened
The read
The trajectory deteriorated sharply after Q4FY26's ₹4.75 lakh consolidated profit: Q1FY27 total income fell 70.5% YoY to ₹1,467.08 lakh, finance costs rose 15.4% YoY to ₹4,607.72 lakh, and the associate contributed a ₹1,283.21 lakh loss, producing a ₹4,725.49 lakh PAT loss despite an 81.1% EBITDA margin.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹14.44 Cr | -70.9% | -96.8% |
| EBIT | ₹11.66 Cr | -74.7% | |
| Net profit | ₹-47.25 Cr | -1075.4% | |
| EPS | ₹-42.68 | -1075.8% | |
| EBIT margin | 0% |
P&L walk
Total income declined to ₹1,467.08 lakh, -70.5% YoY and -96.8% QoQ, EBITDA was ₹1,171 lakh with an 81.1% margin, but finance costs of ₹4,607.72 lakh drove a ₹3,441.58 lakh pre-tax loss before the ₹1,283.21 lakh associate loss reduced PAT to ₹4,725.49 lakh loss.
Segments
No separate reportable segments are disclosed; the material consolidated-vs-standalone divergence is the ₹1,283.21 lakh associate loss, which widened consolidated PAT loss to ₹4,725.49 lakh versus standalone PAT loss of ₹3,454.42 lakh.
Key positives
- Consolidated debt-equity declined to 0.13x from 0.18x in the immediately preceding quarter, while net worth increased to ₹1,812,671.59 lakh from ₹1,567,150.00 lakh at March 2026.
- Gross NPA and Net NPA were both NIL, and the provision coverage ratio remained 0.40%.
- EBITDA remained ₹1,171 lakh with an 81.1% margin despite revenue from operations falling 70.9% YoY.
Key concerns
- Consolidated total income fell 70.5% YoY to ₹1,467.08 lakh, with interest income down 71.4% YoY to ₹1,393.79 lakh.
- Finance costs increased 15.4% YoY to ₹4,607.72 lakh and exceeded operating earnings, driving a ₹3,441.58 lakh pre-tax loss before the associate impact.
- The associate loss widened to ₹1,283.21 lakh from ₹843.43 lakh YoY, making consolidated PAT loss ₹4,725.49 lakh versus standalone PAT loss of ₹3,454.42 lakh.
Research and educational content only. Not investment advice.