Remsons Ind Q1 FY27 Results (NSE: REMSONSIND)
Signal: Margin pressure
The read
The trajectory has inflected negatively at the consolidated level: after Q1FY26 EBITDA margin of 10.63%, Q2FY26 of 11.52% and Q3FY26 of 11.9%, Q1FY27 margin fell to 9.2% while revenue still grew 20.2%; the stronger standalone result suggests the key issue is group-level drag rather than weakness in the parent.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹119.72 Cr | 20.2% | N/A |
| EBIT | ₹6.67 Cr | -17.8% | |
| Net profit | ₹3.22 Cr | -11.5% | |
| EPS | ₹0.82 | -21.2% | |
| EBIT margin | 9.2% |
P&L walk
Consolidated revenue grew to ₹119.72 Cr, +20.2% YoY, but EBITDA declined to ₹11.05 Cr, -6.1% YoY, reducing EBITDA margin to 9.2%; EBIT fell 17.8% and PAT fell 11.5%, indicating weak conversion of top-line growth into group earnings.
Segments
No segment table is disclosed, but the standalone-versus-consolidated gap is material: standalone revenue grew 32.0% and PAT 40.6%, versus consolidated revenue growth of 20.2% and PAT decline of 11.5%, showing that subsidiaries or the joint venture materially dragged group earnings.
Key positives
- Standalone revenue reached ₹87.49 Cr, +32.0% YoY, ahead of consolidated growth of 20.2%.
- Standalone EBITDA rose 24.9% YoY to ₹8.27 Cr and standalone PAT rose 40.6% YoY to ₹2.84 Cr.
- Standalone EPS rose 41.4% YoY to ₹0.82, closely tracking PAT growth and showing no standalone PAT-to-EPS divergence.
Key concerns
- Consolidated EBITDA fell 6.1% YoY to ₹11.05 Cr despite 20.2% revenue growth, with EBITDA margin declining to 9.2%.
- Consolidated PAT fell 11.5% YoY to ₹3.22 Cr, reversing the stronger profit momentum recorded through Q1FY26-Q3FY26.
- Standalone PAT of ₹2.84 Cr represented most of consolidated PAT of ₹3.22 Cr, highlighting material drag from subsidiaries or the joint venture.
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