NATIONAL PEROXIDE LTD. Q1 FY27 Results

Naperol Investments Limited (formerly National Peroxide Limited) reported standalone Q1 FY27 net profit of ₹0.18 Cr (₹18.27 Lakh) on revenue of ₹9.45 Cr, up 135.7% and 192.9% respectively over the year-ago quarter (PAT ₹0.08 Cr, revenue ₹3.23 Cr), but down 98.4% and 51.6% sequentially from Q4 FY26 (PAT ₹11.22 Cr, revenue ₹19.53 Cr). Basic/diluted EPS was ₹0.32 versus ₹0.13 a year ago and ₹19.52 the prior quarter. There is no analyst consensus or brokerage coverage available for this company (a web search for Q1 FY27 previews returned nothing), so vs-street cannot be assessed, and the filing carries no prior management guidance on record — neither the board outcome letter nor the notes to the results contain any forward commentary to grade this print against.

The swing is a function of the company's post-restructuring business mix rather than an operating trend. The statement's segmental note shows two lines — "Investment" and "Trading" — and nearly all of the QoQ collapse traces to the Investment segment, whose revenue fell to ₹0.49 Cr this quarter from ₹11.57 Cr in Q4 FY26 (that quarter's segment result of ₹11.57 Cr had inflated Q4's net profit margin to 57.4% of total income, against 1.9% this quarter and 2.3% a year ago). The Trading segment was comparatively steady, at ₹8.96 Cr (+220% YoY, +12.6% QoQ). Operating margin excluding other income (PBT less other income, over revenue) actually improved YoY, to 1.87% from 0.73%, even as the bottom-line NPM slipped slightly YoY (1.9% vs 2.3%) on a similar effective tax rate (~25% both periods) — so overall margin trend reads as sequential compression off a lumpy, unusually strong Q4 base rather than a YoY deterioration.

The stock went into the print at ₹654, down 1.5% over the past month of trading.

Separately from the P&L, Total Comprehensive Income for the quarter was ₹127.0 Cr, dwarfing the ₹0.18 Cr net profit — the gap is a ₹147.98 Cr pre-tax mark-to-market gain on equity instruments recognised through OCI, which does not flow through PAT. This underlines that the company's ₹1,050+ Cr Investment-segment asset base (holdings in Wadia Group-linked equities) now drives its balance sheet far more than its P&L, consistent with its rename to Naperol Investments.