Vakrangee Q1FY27 consolidated PAT down 32% YoY as revenue falls 19%; NPM compresses
PAT -32.02% YoY · revenue -18.76% · margins compressing
₹55.92 Cr
-18.76% YoY
₹2.26 Cr
-32.02% YoY
3.9%
-0.8pp YoY
₹0.02
Vakrangee's consolidated Q1 FY27 (quarter ended June 30, 2026) results show revenue of ₹55.92 Cr, down 18.8% year-on-year from ₹68.84 Cr and down 1.4% sequentially from ₹56.74 Cr, with consolidated PAT of ₹2.26 Cr — down 32.0% YoY from ₹3.32 Cr, even though it rose 39.3% QoQ off a weak ₹1.62 Cr Q4FY26 base. Standalone tells a different story: standalone PAT of ₹3.38 Cr rose 14.9% YoY (from ₹2.94 Cr) on an 8.1% YoY revenue decline (₹43.59 Cr vs ₹47.45 Cr), meaning the core Vakrangee Kendra parent business held up better than the group. The gap traces largely to the subsidiary level — per the auditor's review report, two group subsidiaries not reviewed by the statutory auditor contributed ₹15.62 Cr of revenue but a combined net loss of ₹1.07 Cr this quarter, pulling consolidated PAT below the standalone figure.
Q1 FY-2027 vs prior quarters
Margins compressed on a YoY basis: consolidated net margin (PAT/total income) fell to 3.90% from 4.72% a year ago, even as operating margin (EBITDA/revenue) held roughly flat to slightly higher (~11.9% vs ~11.4% a year ago), which points to the drag sitting below the operating line — in subsidiary losses and the small exceptional charge rather than in core operations. By segment (Annexure I), the ATM/equipment-sales business continues to run at a segment loss while the Vakrangee Kendra retail-services segment remains the sole profit contributor, consistent with the standalone-consolidated gap. This filing is a bare regulatory disclosure with no accompanying management commentary or press release, and the company has no formal guidance on record, so this print cannot be benchmarked against management's own outlook — vsGuidance is unknown. A web search turned up no sell-side previews or consensus estimates for this quarter, reflecting the stock's lack of formal analyst coverage, so vsStreet is also unknown. Separately, the company's pending NCLT petition to consolidate ~108.32 Cr shares of ₹1 face value into ~10.83 Cr shares of ₹10 face value remains unresolved, next listed for hearing on August 6, 2026.
The stock went into the print at ₹6.09, down 0.2% over the past month of trading.
What the summary numbers don't show
A small ₹(0.02) Cr exceptional item hit PBT in both standalone and consolidated statements this quarter — immaterial, <1% of PAT
W1
Whether the ₹1.07 Cr combined subsidiary loss narrows or widens — it is the key swing factor between standalone and consolidated PAT
W2
ATM/equipment-sales segment's continued segment loss versus the profitable Kendra segment through FY27
W3
NCLT share-consolidation petition (10:1) next listed August 6, 2026 — outcome will affect share count and EPS presentation