Rubfila Q1 FY27: consolidated PAT slips 13% YoY, revenue down 8% on weak thread sales
PAT -13.25% YoY · revenue -7.9% · margins compressing
₹133.49 Cr
-7.9% YoY
₹5.8 Cr
-13.25% YoY
4.3%
-0.3pp YoY
₹1.07
Rubfila International's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue came in at ₹133.49 Cr, down 7.9% YoY from ₹144.93 Cr and down 16.9% QoQ from ₹160.60 Cr. Consolidated PAT fell 13.3% YoY to ₹5.80 Cr (from ₹6.69 Cr) and 9.6% QoQ (from ₹6.42 Cr), with consolidated EPS at ₹1.07 versus ₹1.23 a year ago. Standalone PAT was ₹6.00 Cr on revenue of ₹110.17 Cr. No exceptional items were reported on either statement, so the YoY decline is a clean, unadjusted read.
Q1 FY-2027 vs prior quarters
The revenue drop traces mainly to the core Latex Rubber Thread segment, which fell 10.9% YoY to ₹108.45 Cr and remains roughly 81% of consolidated sales; the smaller Corrugated Carton Box segment (₹2.79 Cr) also softened. Operating margin held roughly flat at 6.99% versus 6.80% YoY and 6.87% in Q4 FY26 (computed as EBITDA/revenue-from-operations), so the profit decline is largely a volume/topline story rather than cost inflation — but consolidated NPM still slipped to 4.35% from 4.56% YoY as the Paper Tissue subsidiary, Premier Tissues India, swung to a ₹19.99 lakh segment loss this quarter (from a ₹2.70 lakh profit a year ago) even as its own revenue grew 8.1% YoY to ₹24.29 Cr. Both the standalone and consolidated statements carry a qualified audit opinion — second consecutive time for standalone, subsequent time for consolidated — over a ₹13.79 Cr 'Provision for Contingencies' balance built up since FY2014-15 that auditors say lacks an identifiable Ind AS 37 basis; the quarter's incremental charge was only ₹0.30 Cr (immaterial to PBT) but the disputed balance, if reversed, would lift net worth by roughly ₹10.3 Cr. Separately, the company disclosed a director resignation on July 16, 2026, ahead of this result. Management issued no press release with this filing and has no prior stated guidance on record, so vsGuidance is unknown; a web search for analyst estimates on this quarter turned up nothing, consistent with the stock's thinly-covered micro-cap profile, so vsStreet is also unknown.
The stock went into the print at ₹74.7, up 0.8% over the past month of trading.
W1
Latex Rubber Thread segment revenue trajectory (₹108.45 Cr this quarter, -10.9% YoY) — it is ~81% of consolidated topline
W2
Whether Premier Tissues India returns to profit after this quarter's ₹19.99 lakh segment loss, given its revenue is still growing (+8.1% YoY)
W3
Resolution of the ₹13.79 Cr contingency-provision audit qualification, now flagged for a second/subsequent consecutive quarter