Jagdamba Polymers: consolidated PAT +62% YoY to ₹20 Cr, adj. growth ~110% ex one-off
PAT +61.8% YoY · revenue +36.8% · margins expanding
₹192.44 Cr
+36.8% YoY
₹20.01 Cr
+61.8% YoY
10.28%
+1.6pp YoY
₹22.84
Shri Jagdamba Polymers reported consolidated revenue of ₹192.44 Cr for Q1 FY27, up 36.8% YoY (₹140.65 Cr) and 78.1% QoQ (₹108.03 Cr), with consolidated PAT (total ₹20.01 Cr, owners' share ₹19.79 Cr) rising 61.8% YoY from ₹12.36 Cr and 129.0% QoQ from ₹8.74 Cr. Net profit margin (PAT/total income) expanded to 10.28% from 8.71% a year ago and 7.10% last quarter. Basic EPS was ₹22.84 versus ₹14.12 YoY and ₹9.98 QoQ.
Q1 FY-2027 vs prior quarters
The reported 61.8% YoY PAT growth actually understates the underlying improvement: the year-ago quarter carried a ₹2.86 Cr one-off exceptional gain that is absent this quarter and in the immediately preceding quarter. Stripping that gain from the Q1 FY26 base (pretax, since its tax effect isn't separately disclosed) puts adjusted YoY PAT growth at roughly +110%, meaningfully stronger than the headline print. Standalone PAT grew a slower 46.8% YoY to ₹18.95 Cr — the gap to consolidated growth traces to subsidiary Global Polyweave Private Limited, whose unaudited quarterly financials (per the auditor's review note) showed ₹15.34 Cr revenue and ₹1.05 Cr PAT, a contribution that was smaller in the year-ago consolidated base.
The stock went into the print at ₹659, up 14.6% over the past month of trading.
For context: this is the highest quarterly PAT in the last 6 quarters on our records; PAT has now risen for 3 consecutive quarters; revenue is at a 6-quarter high.
There is no formal street coverage or brokerage estimate on record for this small-cap technical-textiles manufacturer, and a search for Q1 FY27 previews returned none — vsStreet is marked unknown rather than assumed. Management has issued no forward guidance in our records or in this filing, so the print cannot be graded against a stated outlook; a note to the standalone statement also flags that income from a partnership firm is excluded from quarterly numbers and booked only at year-end. The filing is a bare regulatory disclosure (board-outcome letter, the two result statements, and auditor review reports) with no accompanying MD&A or press-release commentary from management. Separately, the board approved director and committee changes on July 6, 2026 — unrelated to this quarter's operating performance.
W1
Whether the 10.28% NPM holds above the 7-9% range seen over the trailing two quarters
W2
Global Polyweave's revenue run-rate (₹15.34 Cr this quarter) as its share of the consolidated print grows
W3
Whether the QoQ jump (revenue +78%, PAT +129%) is a durable pickup or reflects a low Q4 FY26 base, given no segment/volume disclosure