Sonaselection Q1 FY27: PAT +101% YoY to ₹9.75 Cr (consol), revenue +40%, margins expand

Sonaselection India posted consolidated revenue of ₹148.12 Cr (standalone ₹145.75 Cr, +39.8% YoY, +9.8% QoQ) and consolidated PAT of ₹9.75 Cr, up 101% YoY on a standalone like-for-like basis (+10.2% QoQ) — no true consolidated YoY base exists since subsidiary Sionnah Enterprises Pvt Ltd was only incorporated in July 2025. Net margin expanded to 6.6% from 4.6% a year ago, with standalone PBT margin rising to 9.7% from 6.5%. Part of that margin gain is a one-off: the company prospectively extended the useful lives of certain Plant & Machinery and its Solar Power Plant from 15 to 25 years effective 1 April 2026, cutting depreciation by ₹1.73 Cr pretax and lifting PAT by ₹1.22 Cr this quarter — a benefit the year-ago quarter didn't have. Stripping it out, standalone PAT growth is ~76% YoY rather than the headline 101%, still strong but a more honest read of underlying momentum. No sell-side coverage or formal management guidance was found for this recently listed micro-cap (post-IPO paid-up equity capital rose from ₹15.87 Cr to ₹42.53 Cr face value), so vs-street and vs-guidance cannot be assessed beyond noting their absence. The enlarged post-IPO share base means EPS (₹2.28 standalone, up ~96.6% YoY) trails PAT growth. Revenue growth of ~40% YoY is also a step down from FY26's full-year pace of +63.6% (PAT +83.3%), so while the quarter is healthy in absolute terms, the breakneck FY26 growth rate is normalizing. Subsidiary Sionnah Enterprises, in its first quarter of consolidation, added ₹4.08 Cr revenue and ₹0.10 Cr PAT to the group numbers.