Axita Cotton PAT up 123% YoY to ₹3.59 Cr, margins turn positive as revenue slumps 63%
PAT +122.76% YoY · revenue -62.81% · margins expanding
₹58.28 Cr
-62.81% YoY
₹3.59 Cr
+122.76% YoY
5.79%
+5pp YoY
₹0.09
Axita Cotton's standalone Q1 FY27 (quarter ended June 30, 2026) profit after tax came in at ₹3.59 Cr on revenue from operations of ₹58.28 Cr, per the unaudited, limited-review results the board approved on August 12, 2026. Revenue fell 62.8% YoY (from ₹156.70 Cr a year ago) and 4.5% QoQ (from ₹61.03 Cr in Q4 FY26), even as net profit rose 123% YoY (from ₹1.61 Cr) and reversed a ₹2.34 Cr loss booked in Q4 FY26; EPS was ₹0.09 versus ₹(0.06) last quarter and ₹0.05 a year ago. Margins moved with the profit line: net margin expanded to 6.16% from -3.77% QoQ and roughly 1.0% YoY, and operating margin turned positive at an estimated 2.67% versus -6.81% QoQ and -0.32% YoY, as total expenses (₹57.23 Cr) fell in step with revenue — the cost base shows purchase of stock-in-trade at ₹53.51 Cr and zero cost of material consumed this quarter, consistent with a trading-heavy mix rather than raw-cotton processing. No exceptional items appear in the current or comparative quarters, so the YoY move needs no adjustment.
Q1 FY-2027 vs prior quarters
Neither our records nor a web search turned up formal management guidance or a Q1-specific Street estimate for Axita Cotton — coverage on this micro-cap is thin, with only generic, non-brokerage commentary projecting ~15-20% FY27 PAT growth, so vsGuidance and vsStreet are marked unknown rather than inferred; no press release accompanied the filing. The same board meeting also recorded the resignation of statutory auditor P K N & Co. (cited as internal firm restructuring, with the outgoing auditor explicitly confirming no disagreement, scope limitation or unresolved accounting matter) and the appointment of DTA & Associates in its place, subject to shareholder ratification at the AGM — a governance item unconnected to the P&L print. Separately, paid-up equity rose to ₹38.27 Cr after allotment of 1,78,200 ESOP shares, with a fresh grant of 2,14,930 options approved June 9, 2026. The steep YoY revenue decline, against a comparator that also matches an independently recorded consolidated year-ago figure, is the standout caution in an otherwise margin-positive quarter and bears watching into Q2 FY27.
The stock went into the print at ₹7.43, down 5% over the past month of trading.
For context: this is the highest quarterly PAT in the last 6 quarters on our records.
W1
Whether the NPM (6.16%) and OPM (~2.67%) turnaround holds into Q2 FY27 given revenue has now declined both QoQ (-4.5%) and YoY (-62.8%)
W2
Completion of the DTA & Associates statutory auditor appointment at the ensuing AGM, following P K N & Co.'s mid-year resignation
W3
Dilution impact of the 2,14,930 ESOP options granted June 9, 2026 (plus the 1,78,200 shares already allotted) on future EPS
Standalone only, no consolidated statement filed; this filing's own Q1 FY26 comparator (PAT ₹1.61 Cr) is standalone and differs from the consolidated ₹1.33 Cr on record for the same quarter (basis mismatch, not a restatement); no exceptional items in current or comparative periods; column-header OCR was garbled but cross-verified exactly against on-record QoQ figures.