GRM OVERSEAS LTD. Q1 FY27 Results

GRM Overseas' consolidated revenue for Q1 FY27 (quarter ended June 30, 2026) rose 30.5% YoY to Rs426.51 Cr from Rs326.78 Cr, while consolidated PAT (including share of associate) grew a slower 10.2% YoY to Rs21.04 Cr from Rs19.09 Cr — profit growth trailing topline growth. Neither period carries exceptional items, so both figures are on a reported, like-for-like basis. Sequentially, revenue fell 28.6% and PAT was near-flat (-2.6%) versus Q4 FY26 (Rs597.20 Cr / Rs21.61 Cr); January-March is seasonally the strongest quarter for the company's rice-export business, so the QoQ decline reads as seasonality, not a demand slowdown.

Operating profitability actually improved — OPM (EBITDA-style margin: PBT + finance cost + depreciation - other income, over revenue) expanded to 8.33% from 7.33% a year ago — but net profit margin compressed to 4.93% from 5.71%. The gap sits below the operating line: the effective tax rate rose to 28.4% (Rs8.50 Cr tax on Rs29.90 Cr PBT) from 24.8% a year ago, and the Group booked a Rs36.19 lakh share of loss from associate Swarnabhan Commerce (nil in the year-ago quarter) plus a Rs23.95 lakh net loss from an unreviewed subsidiary. Together these explain why bottom-line growth lagged both revenue and operating-profit growth.

The stock went into the print at ₹91.38, down 2.8% 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 2 consecutive quarters.

Standalone (secondary) results grew faster on the bottom line — PAT +13.8% YoY to Rs18.57 Cr on revenue +30.6% to Rs334.12 Cr — a roughly 3.6-point gap versus consolidated PAT growth explained by the subsidiary and associate drags that only show up at the Group level. Management has issued no formal guidance or outlook on record, and a web search turned up no broker consensus estimates for this quarter, so both vsGuidance and vsStreet are marked unknown rather than assumed. Ahead of results, promoters Atul Garg and Mamta Garg bought a combined ~6.15 lakh shares in the open market through June 2026 per exchange disclosures — a positioning data point, not tied to this quarter's print.