Susan Electricals turns profitable YoY: PAT ₹6.39 Cr in first quarter as a listed company
revenue +279% · margins expanding
₹95.36 Cr
+279% YoY
₹6.39 Cr
6.7%
₹3.93
Susan Electricals India, a Ghaziabad-based aluminium/copper winding-wire and cable maker that listed on the BSE SME platform on June 18, 2026, reported standalone revenue from operations of ₹95.36 Cr for Q1 FY27, up 279% year-on-year from ₹25.16 Cr in Q1 FY26. PAT was ₹6.39 Cr against a ₹0.42 Cr loss a year earlier — a clean YoY turnaround, with PBT margin moving from -1.8% to 9.0% and net margin from -1.7% to 6.7%. There were no exceptional or extraordinary items in either period, so the swing is operational rather than one-off driven. Sequentially, revenue was down 17.5% from ₹115.61 Cr and PAT down 38% from ₹10.32 Cr versus the March-2026 quarter, with PBT margin compressing from 12.0% to 9.0% QoQ — March quarters for this business have historically run stronger (FY26 Q4 was also the strongest of the four quarters shown), so the QoQ dip reads more like a return to a normal run-rate than a fresh deterioration; YoY remains the primary signal here per the disclosed trend.
Q1 FY-2027 vs prior quarters
No year-ago quarter on record — YoY cells may be blank.
There is no analyst consensus or brokerage coverage identifiable for this recently-listed SME-platform company, so vs-street cannot be assessed, and the company has issued no formal guidance or outlook in its filings or on record — neither can be graded against this print. The quarter's numbers sit alongside the company's IPO mechanics: it raised a net ₹60.22 Cr from a fresh issue of 47.42 lakh shares (plus an 8 lakh-share offer for sale) at ₹127/share, of which ₹24.80 Cr had been utilised by June 30, 2026 (₹13.64 Cr working capital, ₹3.40 Cr general corporate purposes, ₹1.20 Cr of a planned ₹10.30 Cr Sahibabad facility expansion capex, ₹6.56 Cr issue expenses), leaving ₹35.42 Cr unutilised. Paid-up equity capital rose to ₹20.33 Cr from ₹5.02 Cr a year ago, so basic EPS of ₹3.93 (versus a loss of ₹0.83/share in Q1 FY26) reflects a much larger post-IPO share base and is not a clean like-for-like comparison. Separately, the board approved an ESOP plan and a new foundation on August 7, and two directors resigned in early August — governance items disclosed around the results but with no quantified financial impact this quarter.
The stock went into the print at ₹275.9, up 9.1% over the past month of trading.
W1
Pace of remaining ₹9.10 Cr Sahibabad expansion capex deployment (only ₹1.20 Cr of ₹10.30 Cr planned spent as of Jun 30, 2026)
W2
Whether PBT margin recovers toward the 12.0% seen in Q4 FY26 or stabilises near the 9.0% posted this quarter
W3
Dilution impact once the newly approved ESOP plan is implemented
Standalone only, no consolidated statement filed; figures converted from Lakhs to Crore; tax = current tax 2.34 Cr less deferred tax credit 0.15 Cr; no exceptional/extraordinary items this or comparative periods; PAT-to-EPS not like-for-like YoY since paid-up equity capital jumped to ₹20.33 Cr from ₹5.02 Cr post-IPO.