RUBY MILLS LTD. Q1 FY27 Results

Ruby Mills' consolidated PAT was effectively flat year-on-year at ₹11.70 Cr (-3.0%), and standalone PAT was ₹11.82 Cr (-1.9%), even as revenue from operations jumped 31.5% YoY to ₹91.48 Cr. PBT barely moved (standalone ₹16.32 Cr vs ₹16.31 Cr a year ago, +0.09%) — the strong headline revenue did not translate into profit growth. Both statements are unaudited but were reviewed by CNK & Associates LLP, which issued an unmodified opinion.

The margin compression sits entirely on the cost line, not revenue. Net profit margin fell to roughly 11.2% of total income from about 15.3% a year ago. Finance costs surged roughly 10x YoY (standalone ₹9.88 Cr vs ₹0.94 Cr) and depreciation rose almost 5x (₹12.89 Cr vs ₹2.69 Cr), together absorbing nearly all of the gain from higher other income (+50.5% YoY to ₹13.57 Cr) and topline growth. Total expenses grew 42.5% YoY, outpacing the 31.5% rise in revenue.

Consolidated and standalone results nearly identical — new subsidiaries Ruby GreenTech T & K (incorporated 18-Mar-2026) contributed nil revenue and a combined ₹12.39 lakh net loss, immaterial to the Group

EPS: consolidated ₹3.50, standalone ₹3.54, both marginally below the ₹3.61 reported a year ago

Critically, the headline revenue growth is not like-for-like. Segment data shows Real Estate and related revenue rising to ₹33.93 Cr from ₹10.17 Cr, but the company states outright that this comparison isn't valid because of the cancellation of a Development Agreement and settlement of accounts dated 11-December-2025 (our event records show the related Cancellation Agreement was formally registered on 17-July-2026). Stripping that out, the comparable core Textiles segment was roughly flat — revenue of ₹57.56 Cr against ₹59.40 Cr a year ago (-3.1%) — and the quarter included a wage-dispute work stoppage at the Dhamni weaving division from 30-June that wasn't resolved until 7-July-2026, a disruption that likely weighed on textile output.