Andhra Cements Q1: PBT loss widens 61% YoY to ₹47.8 Cr despite 43% revenue growth
PAT -21.3% YoY · revenue +42.85% · margins compressing
₹142.17 Cr
+42.85% YoY
₹-35.93 Cr
-21.3% YoY
-25.06%
+4.4pp YoY
₹-3.9
Andhra Cements' standalone Q1 FY27 (June 2026) results show revenue from operations of ₹142.17 Cr, up 42.85% YoY from ₹99.53 Cr but down 8.19% QoQ from ₹154.85 Cr in the seasonally stronger Q4 FY26. The company remained loss-making on both a YoY and sequential basis: net loss came in at ₹35.93 Cr (EPS -₹3.90) versus a ₹29.62 Cr loss (EPS -₹3.21) a year ago, and versus a ₹48.52 Cr profit in Q4 FY26 — this is not a turnaround, it is a continuation and deepening of losses.
Q1 FY-2027 vs prior quarters
The pre-tax loss widened 61.3% YoY to ₹47.77 Cr as total expenses rose 46.8% YoY to ₹191.13 Cr, outpacing the 42.85% revenue growth. The biggest cost swings were an inventory drawdown that added ₹15.89 Cr to expenses (versus a near-nil ₹0.22 Cr impact a year ago), freight costs up 60.7% YoY to ₹33.55 Cr, finance costs up 55.5% YoY to ₹31.94 Cr, and power & fuel up 19.3% YoY to ₹49.14 Cr. Operating margin (EBITDA/revenue) compressed to 2.63% from 6.67% a year ago and 5.70% in Q4 FY26 — core profitability eroded even as the topline grew. The reported net loss was cushioned only by an ₹11.84 Cr non-cash deferred tax credit (nil current tax, Note 6); stripping out tax-line volatility, the pre-tax loss actually widened 61.3% YoY, materially worse than the 21.3% widening in reported net loss — the headline net-loss number flatters the underlying operating trend.
The stock went into the print at ₹47.91, down 8.4% over the past month of trading.
No street estimates or brokerage Q1 FY27 previews for this stock turned up in a web search, so vsStreet is unknown; the company has also issued no formal guidance or outlook on record for this quarter, so vsGuidance is unknown too. No management press release accompanied this filing (only the regulatory cover letter and financials), so there is no management commentary to reconcile against the print. The dominant corporate development this quarter is the Board-approved Scheme of Amalgamation (approved June 5, 2026) merging Andhra Cements into parent Sagar Cements with effect from April 1, 2026, still subject to NCLT, SEBI, shareholder and creditor approvals — a process that overshadows the standalone operating numbers since ACL's independent listing is itself headed for wind-down. Separately, Sagar Cements' OFS across January–March 2026 cut its stake in ACL from 90% to 75% to meet minimum public shareholding norms.
W1
Merger progress: Scheme of Amalgamation with Sagar Cements (appointed date April 1, 2026) — track NCLT/SEBI/shareholder approval milestones.
W2
Deferred tax asset recognition (Note 6, based on projected future taxable income) — whether further non-cash tax credits continue to be booked to offset losses.
W3
Operating margin trajectory — whether the 2.63% OPM (down from 6.67% YoY) recovers as freight and finance cost pressure evolves into Q2 FY27.
Standalone only, no consolidated statement filed; figures converted from ₹ Lakhs to Cr (÷100), cross-checked against Q4 FY26/Q1 FY26 columns which match our records exactly; tax line is a non-cash deferred tax credit (nil current tax) under Sec 115BAA; company is a subsidiary of Sagar Cements pending Scheme of Amalgamation (appointed date Apr 1, 2026).