Borana Weaves Q1 FY27: standalone PAT up 36% YoY to ₹16.5 Cr as margins expand on 25% revenue growth
PAT +35.82% YoY · revenue +24.5% · margins expanding
₹100.84 Cr
+24.5% YoY
₹16.48 Cr
+35.82% YoY
16.2%
+1.4pp YoY
₹6.18
Borana Weaves posted standalone revenue from operations of ₹100.84 Cr for Q1 FY27 (quarter ended June 30, 2026), up 24.5% YoY from ₹80.996 Cr in Q1 FY26, while standalone PAT rose 35.8% YoY to ₹16.48 Cr from ₹12.13 Cr. Sequentially the print was a slowdown as expected for a non-seasonal but capex-driven textile business: revenue was flat QoQ (+0.1% versus ₹100.73 Cr in Q4 FY26) and PAT eased 4.2% QoQ from ₹17.21 Cr, so the YoY read — not the flat QoQ print — is the real story here. There were no exceptional items in either the current or year-ago quarter, so the growth is clean and unadjusted.
Q1 FY-2027 vs prior quarters
Margins expanded on a YoY basis: operating margin (EBITDA/revenue) rose to roughly 25.6% from 21.09% a year ago, and net margin improved to 16.34% from 14.77%, consistent with management's Q3 FY26 concall guidance of margin expansion from favourable raw-material pricing and annual power-cost savings of ₹18-20 Cr once its renewable energy project comes online. Sequentially, margins eased slightly (NPM 16.34% versus 16.80% in Q4 FY26), which tracks the flat topline rather than any cost deterioration — finance costs (₹0.74 Cr) and depreciation (₹5.99 Cr) were broadly stable versus Q4 FY26.
The stock went into the print at ₹298.75, down 5.5% over the past month of trading.
Management guides for significant growth, aiming to double capacity to 2,000 looms by March 2028 with a total capex of INR 350-400 crores, funded primarily by internal accruals and some debt. Near-term revenue will be boosted by 160 new looms adding INR 60-75 crores annually. Margins are expected to expand due to favor
— This quarter: met
We have no third-party consensus estimate for this print (a search turned up no analyst preview or brokerage estimate for Borana Weaves' Q1 FY27), so vsStreet is unknown. Against management's own prior guidance — significant growth, doubling capacity to 2,000 looms by March 2028 via ₹350-400 Cr capex, and a near-term ₹60-75 Cr annual revenue boost from 160 new looms — this quarter's 24.5% YoY revenue growth and margin expansion track that trajectory, though the 160-loom revenue contribution isn't separately disclosed in the filing. The same board meeting also approved a fresh expansion at Unit 4 (192 water-jet looms plus 3 texturizing machines, funded through internal accruals, commercial production targeted by December 2026), layering onto the existing capacity plan, and the company was separately approved for the government's PLI Scheme for Textiles on July 2, 2026 — a tailwind not yet reflected in these numbers. The 9.9 MW hybrid renewable project that underpins the guided power-cost savings was reported delayed to August 2026, so those savings are still pending in the P&L.
W1
Commissioning of the 9.9 MW hybrid renewable project, delayed to August 2026 — management guided ₹18-20 Cr in annual power-cost savings once it's online
W2
Ramp-up of the guided 160 new looms (₹60-75 Cr annual revenue add) and progress on the newly approved Unit 4 expansion (192 WJ looms + 3 texturizing machines) targeted for commercial production by December 2026
W3
Whether operating margin can hold above the ~25.6% seen this quarter as raw-material and power-cost tailwinds play out through the rest of FY27
Only standalone results filed (no consolidated statement); page 4 table is clean and legible. Exceptional items are nil for both Q1 FY27 and Q1 FY26, so YoY comparison is unadjusted/clean; FY26 full-year audited column carries a small ₹3.42 lakh exceptional loss but that's outside the compared quarters.