Ruchira Papers Q1 FY27: standalone PAT down 64% YoY to ₹6.1 Cr as margins compress
PAT -63.7% YoY · revenue +3.79% · margins compressing
₹174.92 Cr
+3.79% YoY
₹6.14 Cr
-63.7% YoY
3.48%
-6.5pp YoY
₹2.06
Ruchira Papers reported standalone revenue of ₹174.92 Cr for Q1 FY27, up 3.8% YoY but down 3.9% QoQ, while standalone PAT fell sharply — 63.7% YoY to ₹6.14 Cr (from ₹16.93 Cr) and 35.5% QoQ (from ₹9.53 Cr). EPS came in at ₹2.06 versus ₹5.69 a year ago. There are no exceptional items on either side, so the decline is fully operational rather than a base-effect artifact.
Q1 FY-2027 vs prior quarters
The squeeze sits almost entirely on the cost line: cost of materials consumed rose to 79.98% of revenue from 64.09% a year ago (₹139.92 Cr vs ₹108.01 Cr, revenue nearly flat), pushing OPM down to roughly 8.6% from 16.3% YoY and 10.9% QoQ. Finance costs added to the pressure, more than doubling YoY to ₹3.19 Cr from ₹1.53 Cr (+108.6%), while depreciation rose 27.4% YoY to ₹5.25 Cr. Together these took PBT down 63.8% YoY to ₹8.22 Cr despite revenue holding up.
The stock went into the print at ₹107.5, up 3.1% over the past month of trading.
What the summary numbers don't show
No exceptional items in either the current or comparative periods — decline is operational, not one-off driven
The company has no formal street coverage — a web search for Q1 FY27 analyst previews or consensus estimates for Ruchira Papers returned nothing, and management gives no formal guidance or outlook on record, so vsStreet and vsGuidance cannot be assessed against any benchmark. The filing's own notes carry no management commentary beyond the standard Ind AS disclosures. Separately, the quarter coincides with a leadership transition — Jatinder Singh took over as MD and Shashi Garg as Whole-Time Director effective 1 June 2026 — though the results statement itself does not attribute the margin move to this change.
W1
Cost of materials consumed was 79.98% of revenue this quarter vs 64.09% a year ago — watch if this ratio eases in Q2 FY27
W2
Finance costs jumped to ₹3.19 Cr (+108.6% YoY) — watch whether this level persists or reflects a one-time funding cost spike
W3
New MD Jatinder Singh took charge 1 June 2026 — watch for any strategy or cost-structure commentary in subsequent quarters
Standalone-only filing (no consolidated statement); figures in ₹ Lakh converted to ₹ Crore. No exceptional items in current or comparative quarters. 31.03.2026 column is a balancing figure per Note 5, not directly used.