A-1 Acid Ltd Q1 FY27 Results

A1LQ1 FY27 ResultsAnnounced 28 Jul, 12:07 pm

Result:Good· Market: UpBroad basedBase effect

Metric	Value	Q4 FY26	Q1 FY26
Revenue	175.01 Cr	20.5%	170.5%
Total Income	175.13 Cr	20.5%	170.3%
Expenditure	170.84 Cr	22.3%	167.5%
PBT	4.30 Cr	26.0%	365.4%
Net Profit	3.16 Cr	27.6%	428.6%
OPM	—
NPM	1.80%	1.20pp	0.88pp
EPS	0.07	22.2%	86.5%

View full financials

Revenue and adjusted PAT grew strongly YoY driven by real core-business volume (segment order wins), but margin is thin and slipped QoQ on rising finance costs, and growth is off a depressed base, so it's healthy but not a true standout.

Q1 FY-2027 RESULTS · AAL

A-1 Ltd Q1 FY27: Consolidated PAT up 429% YoY to ₹3.16 Cr on order-led revenue surge

PAT +429.3% YoY · revenue +170.6% · margins expanding

28 Jul 2026 · 3 min read

Revenue

₹175.01 Cr

+170.6% YoY

PAT (consolidated)

₹3.16 Cr

+429.3% YoY

Net margin

1.8%

+0.9pp YoY

EPS

₹0.07

A-1 Limited (formerly A-1 Acid), a chemicals and sports-equipment trading company, reported consolidated revenue of ₹175.01 Cr for Q1 FY27 (quarter ended 30 June 2026), up ~171% YoY from ₹64.69 Cr and ~20% QoQ from ₹145.27 Cr. Consolidated PAT was ₹3.16 Cr, up ~429% YoY from ₹0.60 Cr but down ~27% QoQ from ₹4.36 Cr. There are no exceptional items in either the current or comparable periods, so both moves are on a reported, unadjusted basis — no raw-vs-adjusted split is needed here. Standalone and consolidated figures are effectively identical (PBT ₹4.30 Cr, PAT ₹3.16 Cr in both), since the Group's only associate, A-1 Sureja Industries, added just ₹1.07 Lakh for the quarter.

The scoreboard

Q1 FY-2027 vs prior quarters

Consolidated P&L, ₹ Crore

	Q1 FY-2027	QoQ	YoY
Revenue	₹175.01 Cr	+20.5%	+170.5%
Expenses	₹170.84 Cr	+22.3%	+167.5%
PAT	₹3.16 Cr	-27.4%	+429.3%
Net margin	1.8%	-1.2pp	+0.9pp
EPS	₹0.07	-22.2%	-86.5%

Growth was concentrated in the Acids & Chemicals segment, which supplied ₹171.95 Cr of the ₹175.13 Cr in total segment revenue (~98%), against ₹6.48 Cr a year ago. This lines up with a ₹35 Cr chemical supply order win flagged on 12 June 2026 and the company's appointment as primary dealer for Ishan Dyes Chemicals on 30 June 2026, both landing inside the quarter. But this is a trading-led business — Purchase of Stock-in-Trade is ₹160.70 Cr of ₹170.83 Cr total standalone expenses (~94%) — so revenue growth did not scale the bottom line proportionately: net profit margin was 1.81%, up from a thin 0.92% a year ago but down from 3.00% last quarter, as finance costs more than doubled YoY (₹0.98 Cr vs ₹0.42 Cr) on the working capital needed to fund the larger volumes.

₹

The tape into the print — daily closes, last 3 months

The stock went into the print at ₹5.71, down 18% over the past month of trading.

₹ Cr

Quarterly consolidated PAT, ₹ Crore

For context: this is the second-highest quarterly PAT of the last 6 quarters; revenue is at a 6-quarter high.

There is no prior management guidance or concall commentary on record for this company, and a web search for street/analyst coverage of this quarter turned up nothing specific to A-1 Limited (BSE: 542012) — the stock appears to run without formal broker estimates, so both vsGuidance and vsStreet are unknown here. Separately, on 13 May 2026 the company twice revised its FY26 filings (once for an "integrated filing" error, once for a typo), though its FY26 audit report (16 May 2026) and this quarter's own limited-review report both carry unmodified opinions.

W1
Whether Q2 FY27 revenue holds near the ~₹175 Cr run-rate or reverts toward the ₹145 Cr Q4 FY26 level once the ₹35 Cr order (flagged 12 Jun 2026) is fully executed.
W2
NPM trajectory — compressed to 1.81% this quarter from 3.00% in Q4 FY26; watch if the new Ishan Dyes Chemicals dealership (appointed 30 Jun 2026) restores or further dilutes margin.
W3
Finance costs, up to ₹0.98 Cr from ₹0.42 Cr YoY — track against working-capital/borrowing levels as volumes scale.