Lohia Corp Q1FY27: consol PAT +292% YoY to ₹66 Cr, revenue +60%, margins expand sharply
PAT +292.4% YoY · revenue +59.5% · margins expanding
₹503.02 Cr
+59.5% YoY
₹66.26 Cr
+292.4% YoY
13%
₹6.27
Lohia Corp's first results as a listed company show consolidated revenue of ₹503 Cr, up 59.5% YoY (down a marginal 1.5% QoQ from ₹511 Cr in Q4FY26), with consolidated PAT of ₹66.3 Cr, up 292% YoY (down 7.3% QoQ from ₹71.5 Cr). Standalone — the entity our pre-result preview benchmarked — did even better: revenue of ₹500 Cr (+63.3% YoY) and PAT of ₹73.3 Cr (+317% YoY), both comfortably ahead of our preview's on-plan range of ₹468-475 Cr revenue and 18-25% YoY PAT growth. No exceptional items hit either statement this quarter, so the beat is clean, not one-off driven.
Q1 FY-2027 vs prior quarters
No year-ago quarter on record — YoY cells may be blank.
The re-rating is a margin story: consolidated EBITDA margin (PBT before exceptional items + depreciation + finance cost, over revenue) expanded to ~21.2% from ~12.7% a year ago, and net margin to 13.2% from 5.4%, as employee costs fell to 10.6% of revenue from 15.0% and other expenses to 13.8% from 16.8% — classic operating leverage on the 60%+ topline surge rather than any cost cut. Sequentially the margin cooled slightly (22.1% in Q4FY26 to 21.2% now), so YoY is the real signal, not the modest QoQ dip.
What the summary numbers don't show
EPS ₹6.27 consolidated / ₹6.94 standalone vs ₹1.60 / ₹1.66 a year ago
No exceptional items this quarter, unlike FY26 (₹9.4 Cr labour-code + ₹1.4 Cr Leesona impairment charges)
Street context is thin by design: our preview flagged zero analyst estimates for this quarter given the recent IPO, and a web search today turned up no formal consensus either — vsStreet stays unknown rather than guessed. The quarter itself predates the listing: Lohia completed a ₹1,101 Cr offer-for-sale IPO at ₹425/share and listed on NSE/BSE on 30 July 2026, after closing its insider trading window on 31 July. Standalone PAT (₹73.3 Cr) ran ahead of consolidated (₹66.3 Cr) because six overseas subsidiaries, including Leesona Corp USA, posted a combined net loss of ₹5.6 Cr on ₹25.1 Cr revenue this quarter — a drag flagged separately by the joint auditor. Management issued no accompanying press release with this filing; a Motilal Oswal-hosted earnings call (reported for 20 August) will be the company's first as a listed entity and the first venue for formal FY27 guidance and order-book commentary, neither of which is disclosed in this filing.
W1
First post-listing earnings call (reported 20 Aug) for formal FY27 guidance — none on record yet
W2
Whether ~21% consolidated EBITDA margin holds or reverts toward the 22.1% Q4FY26 / 12.7% Q1FY26 range
W3
Overseas subsidiary losses (₹5.6 Cr this quarter) — watch for a turn to profitability at Leesona and other international units
Clean text-based PDF, both statements tie exactly (total income = revenue+other income; PAT = PBT-tax). No exceptional items in current or year-ago quarter (FY26 had ₹9.4 Cr labour-code + ₹1.4 Cr Leesona impairment exceptionals, none in Q1FY27). Consolidated PAT of ₹66.3 Cr includes NCI loss of ₹0.35 Cr; PAT attributable to owners is ₹66.6 Cr. Six overseas subsidiaries (incl. Leesona Corp USA) posted combined net loss ₹5.6 Cr on ₹25.1 Cr revenue this quarter per auditor note.
Informational and educational content only. Not investment advice.