The Yamuna Syndicate Ltd Q1 FY27 Results

The Yamuna Syndicate reported consolidated PAT of ₹5.06 Cr for Q1 FY27 on revenue from operations of ₹22.52 Cr, up 16.5% YoY from ₹19.33 Cr. The comparable year-ago consolidated PAT was restated in this filing to ₹3.92 Cr from the originally-published ₹24.32 Cr in our records, following management's reclassification of a step-down subsidiary of associate Isgec Heavy Engineering Ltd from discontinued to continuing operations — the restatement loaded a large depreciation catch-up charge onto the prior-year quarter. On this restated, like-for-like base, consolidated PAT is up ~29% YoY, closely tracking the standalone (core trading) business's own PAT growth of 28.3% YoY (₹1.03 Cr vs ₹0.80 Cr), which is unaffected by the associate accounting change and is the more reliable read on YSL's own operating performance.

Growth was broad-based across YSL's four distribution segments — Oil & Lubricants (Castrol) revenue rose to ₹8.92 Cr (+25.5% YoY), Batteries to ₹5.90 Cr (+30.8% YoY), Electricals to ₹2.68 Cr (+3.0% YoY), while Agriculture Products dipped slightly to ₹4.93 Cr (-3.5% YoY). Standalone operating margin (profit before exceptional items and tax, as a share of revenue) came in at 6.07%, up from 5.63% a year ago and roughly flat against 6.47% in the seasonally stronger Q4 FY26; standalone net margin was 4.45% versus 4.02% a year ago. There were no exceptional items this quarter, versus a ₹0.03 Cr one-off labour-code provision booked in Q4 FY26.

The stock went into the print at ₹31,400, up 16.6% over the past month of trading.

For context: revenue is at a 6-quarter high.

EPS: standalone ₹33.51, consolidated ₹164.55 (basic/diluted, not annualised, on ~3.07 lakh shares)

At the consolidated level, PAT fell 85% quarter-on-quarter from ₹33.87 Cr in Q4 FY26 — this swing comes almost entirely from YSL's equity-method share of associate Isgec Heavy Engineering's profit, which was ₹4.03 Cr this quarter versus ₹32.95 Cr in Q4 FY26, a volatility inherent to Isgec's own project-driven earnings rather than any change at YSL's core trading business. Management gives no formal guidance or outlook on record, and no prior concall commentary exists in our records to check this quarter against; given the company's very small size (~3.07 lakh shares outstanding, paid-up capital ₹3.07 Cr), it carries no visible analyst/street coverage, so a street-expectation comparison is not available. No management press release accompanied this filing beyond the standard BSE intimation letter. Separately, the board fixed an August 17, 2026 record date for a ₹500/share dividend and set the 72nd AGM for August 24, 2026, both unrelated to this quarter's operating print.