RPSG Ventures Q1 FY27 Results (NSE: RPSGVENT)
Signal: Growth reaccelerated
The read
The operating trajectory improved with revenue up 20.4% YoY and segment result up 23.6% YoY, but earnings quality remains mixed because a ₹71.69 crore exceptional charge and ₹242.45 crore finance cost reduced the benefit to only 0.8% PAT growth; Process Outsourcing is strengthening while FMCG remains loss-making.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,576.44 Cr | +20.4% | +22.2% |
| EBIT | ₹623.87 Cr | +23.6% | |
| Net profit | ₹253.09 Cr | +0.8% | |
| EPS | ₹27.53 | +9.6% | |
| EBIT margin | 17.4% |
P&L walk
Revenue increased to ₹3,576.44 crore, +20.4% YoY, and segment result rose to ₹623.87 crore, +23.6% YoY, helped by Process Outsourcing, but finance costs of ₹242.45 crore and a ₹71.69 crore exceptional charge constrained PAT growth to +0.8%.
Segments
Process Outsourcing was the main growth engine, with revenue up 23.7% YoY to ₹2,816.88 crore and result up 37.9% to ₹359.34 crore; Sports remained material at ₹296.25 crore of result, while FMCG dragged with a ₹45.90 crore loss.
Key positives
- Process Outsourcing revenue reached ₹2,816.88 crore, +23.7% YoY, and its segment result rose 37.9% YoY to ₹359.34 crore.
- Total segment result increased 23.6% YoY to ₹623.87 crore, faster than revenue growth of 20.4% YoY.
- Employee cost grew 15.6% YoY versus revenue growth of 20.4%, reducing employee cost intensity to 44.5% from 46.3%.
Key concerns
- FMCG generated a ₹45.90 crore segment loss on ₹170.01 crore revenue, versus a ₹62.35 crore loss in the year-ago quarter, remaining a significant drag.
- Finance costs rose 22.6% YoY to ₹242.45 crore, limiting conversion of operating growth into profit.
- Consolidated PAT grew only 0.8% YoY to ₹253.09 crore because of the ₹71.69 crore exceptional charge.
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