Yogi Ltd Q1 FY27 Results (NSE: YOGI)
Signal: Slipped to loss
The read
The key inflection is a sharp reversal after Q4FY26: consolidated revenue fell 69.1% QoQ to ₹4,862.23 lakh and EBITDA margin remained low at 5.1%, while finance costs increased 52.0% QoQ to ₹446.09 lakh and pushed PAT to a ₹162.09 lakh loss; subsidiaries further widened the loss versus standalone.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹48.62 Cr | -46.2% | -69.1% |
| EBIT | ₹2.41 Cr | -70.1% | |
| Net profit | ₹-1.67 Cr | N/A | |
| EPS | ₹-0.37 | N/A | |
| EBIT margin | 5.1% |
P&L walk
Revenue declined to ₹4,862.23 lakh, down 46.2% YoY and 69.1% QoQ; EBITDA fell 69.4% YoY to ₹2.47 crore, while finance costs rose 5,261.7% YoY to ₹446.09 lakh and drove a ₹162.09 lakh consolidated loss.
Segments
Trading activity generated ₹4,862.23 lakh revenue and ₹147.19 lakh segment result, down 39.4% and 54.8% YoY respectively; real-estate/other income was ₹118.76 lakh, while the filing extract does not show its segment result.
Key positives
- Consolidated other income increased 159.2% YoY to ₹118.76 lakh, although it was insufficient to offset the ₹446.09 lakh finance-cost burden.
- Trading activity remained profitable at ₹147.19 lakh segment result despite a 54.8% YoY decline.
- The limited review reports were unmodified, with no material misstatement identified by the auditors.
Key concerns
- Finance costs surged 5,261.7% YoY from ₹8.32 lakh to ₹446.09 lakh, overwhelming consolidated operating profit and producing a ₹162.09 lakh loss.
- Consolidated revenue declined 46.2% YoY to ₹4,862.23 lakh after Q4FY26 revenue of ₹15,731.77 lakh, indicating highly volatile quarterly execution.
- Consolidated EBITDA fell 69.4% YoY to ₹2.47 crore and EBITDA margin compressed 382bps to 5.1%.
- Subsidiaries dragged group earnings: consolidated PAT was a ₹162.09 lakh loss versus a standalone loss of ₹86.35 lakh, a ₹75.74 lakh incremental deterioration.
- The company issued 5,184,000 shares from warrant conversion on April 2, 2026, increasing the equity base and requiring ongoing monitoring of per-share economics.
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