Forbes Precision Tools PAT surges 137% YoY to Rs9.03 Cr as margins expand off Q4 highs
PAT +137.01% YoY · revenue +28.89% · margins expanding
₹67.55 Cr
+28.89% YoY
₹9.03 Cr
+137.01% YoY
13.21%
+6.1pp YoY
₹1.75
Forbes Precision Tools and Machine Parts reported standalone (its only reporting basis) revenue of Rs67.55 Cr for Q1 FY27, up 28.9% YoY from Rs52.41 Cr, with PAT up 137% YoY to Rs9.03 Cr from Rs3.81 Cr — a clean comparison since neither quarter carried exceptional items. Sequentially the print eased 4.8% on revenue and 18.4% on PAT versus Q4 FY26's Rs70.96 Cr/Rs11.06 Cr.
Q1 FY-2027 vs prior quarters
Profitability improved sharply on a YoY basis: net margin (on total income) rose to 13.21% from 7.15%, and operating (EBITDA) margin to 22.92% from 16.05%, both reflecting operating leverage as revenue scaled. However both margins sit below Q4 FY26's 15.28%/25.69% peak — Q4's number was flattered by a Rs3.75 Cr drawdown in finished-goods inventory that reduced reported costs, versus a Rs0.92 Cr inventory build this quarter that added to costs. That swing, not a change in demand or input costs, accounts for most of the QoQ margin compression; materials consumed held near 34.8% of revenue versus 34.0% in Q4, and employee costs were flat sequentially at Rs12.45 Cr.
The stock went into the print at ₹137.05, down 8.1% over the past month of trading.
What the summary numbers don't show
EPS Rs1.75 vs Rs0.74 a year ago and Rs2.14 last quarter
The company has no formal guidance on record and none was found for this quarter, so vs-guidance is not applicable; likewise, no analyst or brokerage coverage exists for this roughly Rs772 Cr market-cap precision-components maker, so there is no street consensus to grade the print against. No separate management press release accompanied this filing beyond the standard board-outcome letter. Alongside the results, the board declared an interim dividend of Rs5 per share (50% of face value, record date August 18, 2026) and re-appointed Mahesh Tahilyani as Managing Director for a further three-year term effective April 1, 2027, signalling management continuity through the next reporting cycle.
W1
Whether operating margin holds near 20-23% now that Q4's inventory-drawdown tailwind (Rs3.75 Cr) has reversed to a Rs0.92 Cr build this quarter
W2
Whether Q2 FY27 revenue sustains the Rs65-70 Cr band set over the last two quarters or reverts toward the Rs52-60 Cr range seen a year ago
W3
Employee cost trend (Rs12.45 Cr, flat QoQ) as the re-appointed MD's new term begins April 1, 2027
Filing carries only a Standalone statement (no consolidated section). Figures in Rs. Lakhs, converted to Crore (÷100). No exceptional items in current or year-ago quarter, so no raw-vs-adjusted split needed. Company's own NPM% (per comparison context) is computed on total income, not revenue — matched that convention.