Ruby Mills Q1 FY27 Results (NSE: RUBYMILLS)
Signal: Steady quarter
The read
The operating inflection is a very high 42.6% consolidated EBITDA margin and ₹3,900 lakh EBITDA, but earnings quality is weak because ₹1,347.35 lakh of other income equals 83.2% of ₹1,619.39 lakh PBT; the segment mix also shows real estate carrying profitability while textiles contributes high revenue but low result.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹91.48 Cr | N/A | -25.9% |
| EBIT | ₹26.1 Cr | N/A | |
| Net profit | ₹11.7 Cr | N/A | |
| EPS | ₹3.5 | N/A | |
| EBIT margin | 42.6% |
P&L walk
Consolidated revenue was ₹9,148.22 lakh, EBITDA ₹3,900 lakh and PAT ₹1,170.09 lakh; the 42.6% EBITDA margin was supported by a negative ₹734.49 lakh inventory change, while ₹1,347.35 lakh of other income represented 83.2% of PBT.
Segments
Real Estate and related drove the consolidated result with ₹3,392.62 lakh revenue and ₹848.31 lakh segment result, versus textiles' ₹5,755.60 lakh revenue but only ₹198.40 lakh result; real estate generated 81.0% of total segment result on 37.1% of segment revenue.
Key positives
- Consolidated EBITDA was ₹3,900 lakh at a 42.6% margin, while standalone EBITDA grew 96.1% YoY to ₹3,910 lakh according to the XBRL filing.
- Real Estate and related produced ₹848.31 lakh segment result on ₹3,392.62 lakh revenue, compared with textiles' ₹198.40 lakh result on ₹5,755.60 lakh revenue.
- Standalone EBIT grew 52.0% YoY to ₹2,620 lakh according to the XBRL filing, indicating substantial operating improvement before finance cost and tax.
Key concerns
- Consolidated other income of ₹1,347.35 lakh represented 83.2% of PBT of ₹1,619.39 lakh, making PAT of ₹1,170.09 lakh heavily dependent on non-operating income.
- Textiles generated ₹5,755.60 lakh revenue but only ₹198.40 lakh segment result, implying a 3.4% segment-result margin versus 25.0% for real estate and related.
- Finance costs rose to ₹990.45 lakh from ₹902.31 lakh in Q4FY26 and standalone finance costs were ₹988.25 lakh versus ₹93.69 lakh in June 2025.
- The consolidated segment table shows assets rising to ₹1,31,022.27 lakh while depreciation declined to ₹1,290.21 lakh, requiring monitoring of asset utilisation and depreciation adequacy.
Earnings quality: includes non-operating other income
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