Lords Chloro Alkali Q1FY27: PAT +43% YoY to ₹14.95 Cr on margin gains, revenue up 6%
PAT +43.09% YoY · revenue +6.13% · margins expanding
₹106.35 Cr
+6.13% YoY
₹14.95 Cr
+43.09% YoY
14.03%
+3.6pp YoY
₹5.22
Lords Chloro Alkali's standalone Q1 FY27 (quarter ended June 30, 2026) print is a profitability story, not a growth one. Revenue from operations rose just 6.1% YoY to ₹106.35 Cr (₹100.20 Cr in Q1 FY26), but net profit jumped 43.1% YoY to ₹14.95 Cr (₹10.45 Cr), taking net margin to 14.1% from 10.4% a year ago. Sequentially the swing looks even sharper — PAT is up 240.7% QoQ off a soft ₹4.39 Cr base in Q4 FY26 — but that base was itself depressed by a one-quarter dip in margins, so the QoQ jump is a normalisation, not the headline; the YoY read is the one that matters here. There were no exceptional items in either period, so both YoY and QoQ profit growth are on a like-for-like, unadjusted basis.
Q1 FY-2027 vs prior quarters
The margin expansion sits mainly on the cost-of-materials line: raw material cost fell to 28.9% of revenue from 31.0% YoY, and the company built inventory more aggressively this quarter (a ₹3.94 Cr add-back vs ₹3.01 Cr a year ago), both of which flattered the P&L. Operating margin (EBITDA/revenue) improved to roughly 21.5% from 20.4% YoY. This was partly offset by power & fuel cost creeping up to 40.3% of revenue from 39.5% and employee costs rising to 5.9% from 5.2% — so the company is not yet showing a clean structural cost benefit from its 21 MW solar plant, which management said in the Q4 FY26 concall would be commissioned by mid-June 2026 and would meaningfully aid margin stability; finance costs (down to 2.3% of revenue from 2.6%) and depreciation (down to 3.9% from 4.0%) also helped modestly. Management had guided an optimistic FY27 demand backdrop for caustic soda realisations with continued positive momentum — the margin improvement is consistent with that, but the 6% revenue growth is softer than the guidance language implied, so the call is a partial confirmation: margins tracked as flagged, volumes/realisations less so. No management press release accompanied this filing to quote directly, and street estimates for this stock could not be sourced (no analyst coverage found), so vsStreet is unknown. The same board meeting also approved the Lords Chloro Alkali ESOP Scheme 2026 (up to 10 lakh options), a ₹500 Cr enhanced borrowing limit, and a registrar change from Alankit to Beetal Financial — none of these are numbers-moving for the quarter but signal a company preparing its capital and employee-incentive structure alongside the earnings beat on margins.
The stock went into the print at ₹157.86, up 18.7% over the past month of trading.
For context: this is the second-highest quarterly PAT of the last 6 quarters; revenue is at a 6-quarter high.
What the summary numbers don't show
EPS (basic) ₹5.22 for the quarter vs ₹4.15 YoY and ₹1.53 QoQ
No exceptional items in current or comparable periods — results are unaudited with limited review only
Only standalone results filed this quarter — no consolidated statement in the filing
Management is optimistic about the demand environment for FY27, expecting continued positive momentum in caustic soda realizations driven by strong domestic demand and global commodity trends. They are focused on operational excellence, further energy cost reduction through renewable initiatives, and disciplined capita
— This quarter: met
W1
Power & fuel cost as % of revenue (40.3% this quarter) — management flagged the 21 MW solar plant (commissioned mid-June 2026) as key to margin stability; watch for a clearer reduction in FY27Q2 once the plant runs a full quarter
W2
Revenue growth trajectory — management guided 'continued positive momentum' in caustic soda realisations for FY27, but topline grew only 6.1% YoY this quarter; confirm whether realisations pick up in coming quarters
W3
Raw-material cost ratio (28.9% of revenue, down from 31.0% YoY) — check if this is sustained or reverses as the current-quarter inventory build unwinds
Only standalone statement filed (no consolidated); unaudited, limited-review basis; no exceptional items in current or comparable periods; figures converted from ₹ Lakh (÷100) — cross-checked against two independent PDF text extractions, which agreed.