Swan Corp Q1 FY27 Results (NSE: SWANCORP)
Signal: Slipped to loss
The read
The Q1FY27 group result is a negative inflection after the prior Q4FY26 2% OPM quarter: consolidated revenue fell 16.4% YoY, EBITDA declined 64.8% to ₹30.15 Cr, and PAT swung to a ₹31.42 Cr loss; the standalone ₹0.53 Cr profit does not validate a group-level recovery, particularly as standalone other income was 745.3% of PBT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,013.75 Cr | -16.4% | N/A |
| EBIT | ₹-0.42 Cr | N/A | |
| Net profit | ₹-31.42 Cr | N/A | |
| EPS | ₹-1.15 | N/A | |
| EBIT margin | 3% |
P&L walk
Consolidated revenue fell 16.4% YoY to ₹1013.75 Cr and EBITDA declined 64.8% to ₹30.15 Cr, leaving only a 3% EBITDA margin and a ₹31.42 Cr PAT loss; the group result is materially weaker than the standalone entity.
Segments
Consolidated performance materially diverged from standalone performance: standalone revenue rose 10.5% YoY and PAT remained positive at ₹0.53 Cr, while consolidated revenue fell 16.4% and PAT was a ₹31.42 Cr loss, indicating subsidiaries or other group components are dragging earnings.
Key positives
- Standalone revenue increased 10.5% YoY to ₹53.05 Cr, showing that the parent entity retained top-line growth despite EBITDA falling 82.9% YoY.
- Standalone PAT remained positive at ₹0.53 Cr, although the result was materially supported by ₹3.95 Cr of other income.
Key concerns
- Consolidated revenue declined 16.4% YoY to ₹1013.75 Cr and EBITDA fell 64.8% YoY to ₹30.15 Cr, leaving only a 3% EBITDA margin.
- Consolidated PAT was a ₹31.42 Cr loss and EBIT was negative at ₹-0.42 Cr, indicating that weak operating profitability is still overwhelming the group earnings base.
- Standalone EBITDA fell 82.9% YoY to ₹1.86 Cr despite 10.5% revenue growth, pointing to severe cost absorption or mix pressure; the filing does not disclose the precise driver.
Research and educational content only. Not investment advice.