Mamata Machinery swings to ₹3.5 Cr consolidated loss in Q1 FY27 as revenue slips 6% YoY

Mamata Machinery's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue came in at ₹36.28 Cr, down 6.2% YoY from ₹38.66 Cr and down 50.8% QoQ from a seasonally strong ₹73.75 Cr in Q4 FY26. Consolidated PAT swung to a loss of ₹3.47 Cr, against a profit of ₹2.65 Cr in the year-ago quarter and a near-breakeven ₹0.01 Cr in Q4 FY26. Neither the current nor the year-ago quarter carries exceptional items, so this is a clean operational swing, not a one-off. Standalone tells a milder story — standalone revenue actually grew 17.0% YoY to ₹32.27 Cr — but standalone PAT still flipped to a ₹0.36 Cr loss from a ₹2.01 Cr profit, so the weakness shows up even before consolidation.

The consolidated-vs-standalone gap (revenue -6.2% vs +17.0% YoY) is driven by the US subsidiary, Mamata Enterprises Inc, which posted a ₹2.18 Cr net loss on ₹8.67 Cr revenue this quarter per the auditors' note on non-reviewed subsidiary figures. Consolidated margins compressed sharply: PBT margin fell to -11.6% from +9.4% YoY, and net margin to -9.5% from +6.8%. Part of the drop-through is a working-capital effect — the change in finished-goods/WIP inventory was a much smaller drawdown this quarter (-₹3.48 Cr) than a year ago (-₹11.70 Cr), meaning less stock liquidation flowed into revenue and margin this time, alongside a rise in consolidated employee costs (+11% YoY) and other expenses (+45% YoY).

The stock went into the print at ₹429, up 13.4% over the past month of trading.

Consolidated basic EPS -₹1.41 vs +₹1.08 YoY — standalone EPS -₹0.14 vs +₹0.82 YoY

There is no management guidance or prior concall commentary on record for this company, and no management press release was available in the source context to cross-check against the print — a web search for Street/consensus estimates for this specific quarter turned up no formal preview or analyst PAT estimate, so vsStreet is unknown rather than assumed. On the corporate-development side, the filing separately discloses that heavy rainfall flooded the Ahmedabad manufacturing facility from July 25, 2026, forcing a temporary halt with operations resuming July 30, 2026 — after this quarter closed, so it did not affect the Q1 print, but management states the financial impact 'cannot be ascertained with reasonable certainty' yet, which is the key swing factor for Q2. Separately, Solidarity Advisors raised its stake to 7.03% during the quarter, and the company's RecTech film received an EU recyclability certification — neither is financially material to this print.