SURYALATA SPINNING MILLS LTD.-$ Q1 FY27 Results

Suryalata Spinning Mills' consolidated Q1 FY27 (quarter ended June 30, 2026) revenue came in at ₹123.84 Cr, down 1.8% year-on-year from ₹126.09 Cr, while consolidated PAT was ₹5.90 Cr, up a marginal 1.0% YoY from ₹5.84 Cr — essentially a steady print rather than a growth or decline story. On a sequential basis the numbers look sharply different: revenue rose 18.5% QoQ from ₹104.52 Cr but PAT fell 45.4% QoQ from ₹10.81 Cr, a swing driven by margins rather than the topline. There is no street coverage or consensus estimate on record for this small-cap name, and a web search for a Q1 FY27 preview turned up nothing — so the print cannot be benchmarked against expectations. Management has issued no formal guidance or outlook in prior communications, and there is no prior concall on record, so the quarter cannot be judged against a stated target either.

The QoQ margin compression — OPM down to 11.09% from 17.07% and NPM down to 4.76% from 10.19% in Q4 FY26 — traces to the power & fuel line, which came in at ₹12.19 Cr this quarter versus an unusually low ₹2.69 Cr in Q4 FY26. Viewed YoY, though, the picture flips: power & fuel cost actually fell to ₹12.19 Cr from ₹14.76 Cr a year ago, which is why both OPM (11.09% vs 9.93%) and NPM (4.76% vs 4.63%) improved modestly YoY despite the revenue decline. In other words, the QoQ margin story is largely a base-effect artefact of Q4's unusually light power-cost quarter, not a fresh deterioration; the YoY comparison — the primary lens here — shows a flat-to-slightly-better cost structure.

The stock went into the print at ₹451.95, up 2.5% over the past month of trading.

EPS (consolidated) ₹13.82 vs ₹13.69 YoY, ₹25.35 QoQ

On a standalone basis, PAT was ₹4.13 Cr against consolidated PAT of ₹5.90 Cr — the ~₹1.77 Cr gap comes from Suntree Solar Energy Private Limited, the company's wholly-owned solar subsidiary, which the auditor's consolidated review report confirms is included in the Group numbers. Both the standalone and consolidated statements carry an unmodified review conclusion from K.S. Rao & Co. and show no exceptional items in either the current or comparative quarters, so the PAT movements above are on a clean, like-for-like basis. The quarter's other corporate developments — the July 17 board-meeting notice, the trading-window closure ahead of results, the 8% preference dividend declared in May, and the FY26 final dividend — are routine governance/calendar items and do not bear on the operating numbers.