Exxaro Tiles Q1: consolidated PAT rises 2.6x YoY to ₹2.07 Cr on 31% revenue growth
PAT +155.7% YoY · revenue +31.3% · margins expanding
₹85.22 Cr
+31.3% YoY
₹2.07 Cr
+155.7% YoY
2.41%
+1.2pp YoY
₹0.05
Exxaro Tiles reported a strong year-on-year Q1 FY27 on a consolidated basis: revenue from operations of ₹85.22 Cr, up ~31% from ₹64.93 Cr a year ago, and net profit of ₹2.07 Cr against ₹0.81 Cr — a 2.6x jump. Net margin widened to ~2.4% from ~1.3% a year earlier, the growth flowing through more than proportionately as the vitrified/ceramic tile business scaled; the consolidated print includes subsidiary Exxaro Ceramic Ltd, and the parent alone earned a slimmer ₹0.95 Cr PAT on ₹73.79 Cr revenue, so the group story is materially stronger than the standalone one — readers should anchor on the ₹2.07 Cr consolidated figure.
Q1 FY-2027 vs prior quarters
The headline QoQ optics are misleading and should be read as seasonality: revenue fell ~15% sequentially from ₹99.90 Cr in Q4 FY26 (the March quarter is the tile sector's seasonal peak) yet PAT still multiplied off a near-breakeven Q4 (₹0.20 Cr, ~0.2% margin), so the sequential profit surge reflects a very low prior base rather than fresh operating leverage — YoY is the cleaner read. There are no exceptional items on either side, so the reported growth is also the underlying growth. Exxaro is a micro-cap with no brokerage consensus or formal management guidance on record, so there is no street or guidance benchmark to judge this against. Alongside the results the board set the 19th AGM for 26 September 2026; the company also reiterated its commitment to invest in a UAE-registered entity that will become a wholly-owned subsidiary, a consolidation item to watch in coming quarters.
The stock went into the print at ₹6.65, down 3.6% over the past month of trading.
What the summary numbers don't show
Consolidated PBT ₹2.58 Cr — EPS ₹0.05 (standalone ₹0.02); no exceptional items either period, so growth is underlying
W1
Margin durability: NPM recovered to ~2.4% from ~0.2% in Q4 — whether the ~2.4% level holds through FY27
W2
Topline seasonality: revenue −14.7% QoQ to ₹85.22 Cr — whether H2 recovers toward the ₹100 Cr Q4 run-rate
W3
UAE subsidiary: 100% investment commitment — timing of acquisition and its consolidation impact next quarters
Unaudited (limited review). Source in Rs lakhs, converted to Cr. No exceptional items either period. Consolidated adds subsidiary Exxaro Ceramic Ltd — roughly doubles PAT vs standalone. Tax includes MAT credit reversal netting off current tax. Scanned pages faint but clean typed tables cross-check cleanly.