POKARNA LTD. Q1 FY27 Results

Pokarna's consolidated (primary) revenue was ₹189.41 Cr in Q1 FY27, up 10.8% YoY from ₹170.96 Cr and 28.6% QoQ from ₹147.24 Cr, while PAT rose 50.6% YoY to ₹42.60 Cr from ₹28.29 Cr (+66.3% QoQ from ₹25.61 Cr). Both statements tie out internally (total income = revenue + other income; PAT = PBT − tax) with no exceptional items in either the current or comparison quarters, so growth is on a clean base — no adjusted-vs-reported split is needed. Standalone, which captures only the smaller Granites business, swung to a ₹0.95 Cr profit from a ₹2.26 Cr loss a year ago on granite revenue up 161% to ₹12.73 Cr; consolidated is the primary read since Quartz Surfaces (via subsidiary Pokarna Engineered Stone) is still roughly 93% of group revenue.

The growth was not purely a Quartz Surfaces story. That segment's revenue rose a modest 6.4% YoY to ₹176.69 Cr (₹166.09 Cr) and 25.3% QoQ (₹141.04 Cr), lifting segment PBIT 21.5% YoY to ₹71.09 Cr. Granites, despite being under 7% of group revenue, contributed ₹7.86 Cr of the group's ₹18.45 Cr YoY revenue increase (43%) as it swung from a ₹0.79 Cr segment loss to a ₹3.18 Cr profit. Group operating margin (EBITDA excluding other income, on revenue from operations) expanded to 35.9% from 32.1% YoY and 30.6% QoQ, and net margin widened to 21.8% from 16.3% YoY — margin expansion outpaced revenue growth on both counts, indicating cost/mix discipline rather than volume alone drove the profit jump.

The stock went into the print at ₹992, down 4.2% over the past month of trading.

For context: PAT has now risen for 2 consecutive quarters.

No analyst consensus estimates for this quarter turned up in a search — Pokarna carries thin sell-side coverage — so vsStreet is unknown rather than beat/miss, and the company has issued no formal forward guidance in filings or on record, so vsGuidance is also unknown rather than assessed. For context, group revenue had fallen 38.5% in FY26 to ₹571.62 Cr (per ScanX Trade) after the US antidumping/countervailing duty (AD/CVD) regime on Indian quartz surface products; in January 2026 the US Department of Commerce and ITC continued rather than revoked those India/Türkiye AD/CVD orders. Pokarna Engineered Stone's own company-specific dumping margin, however, was calculated at zero percent in the most recent administrative review (2022-23 period, finalized November 2024) — a materially better outcome than the broader India-wide order implies. Read against that backdrop, Q1 FY27's YoY growth looks like a recovery off a depressed FY26 base rather than a guidance beat, since there is no guidance to measure against. No management press-release commentary was available for this filing beyond the regulatory disclosure, so there is no stated management framing to reconcile against the numbers.