Dolat Algotech Ltd Q1 FY27 Results

Dolat Algotech, a proprietary trading-in-securities firm, reported consolidated revenue from operations of ₹140.4 Cr for Q1 FY27, up 26.9% YoY (₹110.6 Cr) and 11.5% QoQ (₹125.9 Cr). Consolidated net profit came in at ₹53.9 Cr, up 38.4% YoY (₹38.9 Cr) and 15.1% QoQ (₹46.8 Cr), with EPS of ₹3.06 versus ₹2.20 a year ago and ₹2.65 last quarter. There were no exceptional items in either the current or comparison periods, so reported and adjusted growth are the same. Standalone PAT of ₹53.8 Cr was nearly identical to the consolidated figure — the subsidiary Dolat Tradecorp added only ₹0.46 Cr of non-controlling-interest profit on ₹33.1 Cr of total income, meaning the group's performance is overwhelmingly parent-driven.

Margins expanded on a YoY basis: consolidated net profit margin rose to 38.37% from 35.20% a year ago, and operating margin to 60.33% from 59.37%, even as Securities Transaction Tax — the single largest expense line at ₹44.2 Cr — scaled with higher trading volumes, alongside a ₹10.8 Cr finance cost. Sequentially, margins were roughly flat (NPM 38.37% vs 37.19%, OPM 60.33% vs 60.69%), indicating the QoQ profit jump tracked broadly in line with the revenue increase rather than a further step-up in profitability. Net worth rose to ₹1,184.1 Cr from ₹1,041.98 Cr YoY, and the debt-equity ratio fell to 0.23x from 0.43x, indicating the profit growth came with continued deleveraging rather than added balance-sheet risk.

The stock went into the print at ₹69.37, down 0.6% over the past month of trading.

For context: this is the second-highest quarterly PAT of the last 6 quarters; PAT has now risen for 3 consecutive quarters; revenue is at a 6-quarter high.

No consensus estimates or brokerage previews for this quarter were found in a web search, consistent with the stock carrying no formal analyst coverage; vs-street is therefore unknown. The company has issued no formal forward guidance on record, and none was found via search, so the print cannot be benchmarked against a stated outlook — it can only be read against its own trend, where YoY revenue and profit growth are both in the high-20s/high-30s percent range with the profit line outpacing revenue on margin gains. No corporate developments beyond the routine board-meeting and results-announcement filings were noted for the quarter; two immaterial regulatory penalty items (₹1.18 lakh each from NCL and NSE Clearing for limit violations) are not financially significant and are excluded from the read on performance. No separate management press release accompanied the filing.