Ambika Cotton standalone PAT up 61% YoY to ₹25.7 Cr as revenue jumps 34%, margins expand
PAT +61.43% YoY · revenue +34.35% · margins expanding
₹257.92 Cr
+34.35% YoY
₹25.7 Cr
+61.43% YoY
9.84%
+1.7pp YoY
₹44.89
Ambika Cotton Mills' standalone revenue for Q1 FY27 rose 34.4% YoY to ₹257.92 Cr (up 19.9% QoQ from ₹215.16 Cr), with PAT up 61.4% YoY to ₹25.70 Cr (up a modest 4.8% QoQ from ₹24.53 Cr). EPS rose to ₹44.89 from ₹27.81 a year ago. There were no exceptional items in either period, so the YoY jump is operational rather than one-off driven. Neither the database nor a web search turned up formal management guidance or brokerage/consensus estimates for this print — Ambika Cotton is a small-cap textile spinner with no visible sell-side coverage for this quarter, so vs-street and vs-guidance both read as unknown rather than a miss or beat.
Q1 FY-2027 vs prior quarters
Margins improved YoY but eased sequentially: OPM was 15.28% versus 14.03% a year ago but down from Q4 FY26's 16.52%, and NPM was 9.84% versus 8.15% YoY but down from 11.11% in Q4 FY26. The QoQ softening sits on the cost side — cost of materials consumed rose to ₹102.34 Cr, a new ₹12.32 Cr purchase-of-stock-in-trade line appeared for the first time, and other expenses of ₹32.96 Cr include a ₹0.41 Cr forex MTM loss the company has explicitly called out. Other income also fell to ₹3.32 Cr from ₹5.59 Cr in Q4 FY26.
The stock went into the print at ₹1,904.3, up 8.1% over the past month of trading.
For context: this is the highest quarterly PAT in the last 6 quarters on our records; PAT has now risen for 2 consecutive quarters; revenue is at a 6-quarter high.
What the summary numbers don't show
No exceptional items in current or comparison periods — the YoY jump is organic, not one-off driven
New ₹12.32 Cr 'purchase of stock in trade' line appears this quarter (nil in prior three periods) alongside a ₹57.38 Cr swing in inventory change
Alongside the results, the company disclosed a ₹135 Cr modernization of its Unit IV plant (to be funded entirely from internal accruals) that will lift spinning capacity from 43,000 to 45,000 spindles with better productivity and quality, and flagged that 6,480 spindles' worth of German equipment is delayed in transit due to the West Asia crisis, now expected to arrive and go operational in the first week of September 2026. The board also used the same meeting to reappoint P.V. Chandran as MD for five years and to recommend/reappoint two independent directors, governance continuity items that don't bear directly on this quarter's numbers.
W1
6,480 delayed spindles (German equipment) expected operational first week of September 2026 — confirm capacity addition next quarter
W2
₹135 Cr Unit IV modernization (43,000→45,000 spindles) funded from internal accruals — watch capex spend/timeline disclosure
W3
OPM/NPM sequentially compressed from Q4 FY26 peaks (16.52%→15.28% OPM, 11.11%→9.84% NPM) — confirm whether this reverses or persists
Standalone only (no subsidiaries/JV); no exceptional items in current or comparison periods. A new 'Purchase of Stock in trade' line of ₹12.32 Cr appears this quarter (nil in all three comparison columns), alongside a sharp swing in the inventory-change line (₹57.38 Cr vs ₹26.31 Cr QoQ) — points to trading/inventory activity layered on the core spinning business.