Vijay Solvex Q1 FY27: consolidated PAT up 4.3x YoY to ₹5.58 Cr on lower input costs
PAT +428.9% YoY · revenue +35.21% · margins expanding
₹622.5 Cr
+35.21% YoY
₹5.58 Cr
+428.9% YoY
0.9%
+0.7pp YoY
₹17.44
Vijay Solvex, an Alwar-based edible oil and ceramics company, posted consolidated Q1 FY27 (quarter ended June 30, 2026) revenue of ₹622.50 Cr, up 35.2% YoY (₹460.42 Cr) but down 9.2% QoQ (₹685.44 Cr) — the sequential dip reflects normal seasonality in edible oils, where the Jan-Mar quarter typically captures peak crushing volumes ahead of the new mustard crop. Consolidated PAT was ₹5.58 Cr versus ₹1.06 Cr a year ago (+429%) and ₹6.78 Cr in Q4 FY26 (-18% QoQ). Standalone PAT (₹5.58 Cr) was almost identical to consolidated — associates contributed just ₹0.08 Cr this quarter against ₹0.22 Cr in Q4 FY26 and ₹0.04 Cr a year ago, so the two bases tell the same story.
Q1 FY-2027 vs prior quarters
The YoY profit jump was margin-driven rather than a one-off: cost of materials consumed fell to 63.4% of revenue from 78.8% a year ago, lifting net profit margin to 0.90% from 0.23% and operating (EBIT) margin to 1.31% from 0.47%; finance cost also eased to ₹0.57 Cr from ₹0.69 Cr. Sequentially, both margins slipped (NPM 0.99%→0.90%, EBIT margin 1.91%→1.31%) alongside the seasonal revenue decline. Edible Oils (98.9% of consolidated revenue) grew 35.1% YoY with segment profit more than tripling to ₹8.01 Cr from ₹2.10 Cr; the smaller Ceramics segment grew revenue 45.8% YoY to ₹6.89 Cr with profit rising to ₹0.13 Cr from ₹0.04 Cr. There is no analyst coverage or consensus estimate publicly available for this micro-cap — a web search for Q1 FY27 previews returned nothing specific to Vijay Solvex — and the company carries no formal guidance on record, so the print cannot be benchmarked against street or management expectations. No management press release accompanied the filing beyond the standard BSE board-outcome letter; results were reviewed (not audited) by Aggarwal Datta & Co. Other board actions this quarter — fixing the September 28, 2026 AGM, book closure/e-voting cut-off dates, and re-appointment of Pallavi Sharma as independent director — are governance housekeeping unconnected to the operating numbers; small on-market share purchases by promoter entity Deepak Vegpro in June 2026 predate the results.
The stock went into the print at ₹730, up 5.6% over the past month of trading.
What the summary numbers don't show
Basic EPS (consolidated) ₹17.44 vs ₹3.30 YoY, ₹21.19 QoQ
W1
Whether the raw-material cost ratio (63.4% of revenue this quarter vs 78.8% a year ago) holds into Q2 FY27, given edible oil price volatility
W2
Whether revenue rebounds from the seasonal QoQ dip (-9.2%) in the Jul-Sep quarter
W3
Associates' contribution to consolidated PAT, which fell to ₹0.08 Cr this quarter from ₹0.22 Cr in Q4 FY26
Rs. In Lacs in source, converted to Cr (÷100). No exceptional items in any period. Consolidated PBT includes ₹0.08 Cr share of associates' profit (vs ₹0.22 Cr in Q4 FY26, ₹0.04 Cr in Q1 FY26) — standalone and consolidated PAT are nearly identical this quarter (₹5.5817 Cr vs ₹5.5825 Cr).