Yuken India Q1 FY27: consolidated PAT +28.6% YoY to ₹5.21 Cr as OPM slips to 11.2%
PAT +28.62% YoY · revenue +28.48% · margins compressing
₹134.33 Cr
+28.48% YoY
₹5.21 Cr
+28.62% YoY
3.85%
0pp YoY
₹3.84
Yuken India's consolidated Q1 FY27 (quarter ended 30 June 2026) revenue rose 28.5% YoY to ₹134.33 Cr (+0.9% QoQ), with consolidated PAT up 28.6% YoY to ₹5.21 Cr — profit growth broadly tracked topline growth on a year-on-year basis, which is the primary read here. Sequentially PAT fell 10.2% QoQ from ₹5.80 Cr in Q4 FY26, but that comparison is less informative: Q4 carried a lower raw-material cost ratio and no associate-loss drag, so the YoY trend is the more reliable signal of underlying momentum.
Q1 FY-2027 vs prior quarters
The print sits without a formal analyst consensus or company guidance to grade against — no prior management outlook is on record in our data, and a web search turned up only broker price targets (one analyst review cites a consensus target of ₹1,100) rather than quarterly PAT/revenue estimates, so vsStreet and vsGuidance are both unknown rather than a data-backed beat or miss.
The stock went into the print at ₹806.1, up 5.2% over the past month of trading.
Margins tell a mixed story. Operating margin (EBITDA/revenue, excluding other income) compressed to 11.24% from 11.95% a year ago and 11.76% in Q4 FY26, driven by cost of materials consumed rising to 46.3% of revenue from 39.0% a year ago — a genuine input-cost/mix pressure. Net margin, however, held roughly flat YoY at 3.85% (vs 3.84%), because the effective tax rate fell to 25.0% from 29.4% a year ago, offsetting the operating squeeze; that tax tailwind is unlikely to repeat every quarter. Within segments, the foundry business's results grew faster (+45.7% YoY to ₹3.63 Cr) than its revenue (+21.9% YoY), implying margin expansion there, while the larger hydraulics segment's revenue grew fastest (+30.9% YoY) but its results grew slower (+16.2% YoY) — margin compression is concentrated in hydraulics. A ₹0.30 Cr share of loss from associate entities (vs a ₹0.09 Cr profit a year ago) added a small further drag on consolidated PBT; the auditors also noted three subsidiaries (combined ₹47.08 Cr revenue, ₹1.80 Cr PAT) were reviewed by other auditors, consistent with the subsidiary-auditor-resignation event on record for 3 June 2026, which falls inside this quarter.
W1
Raw-material cost ratio (46.3% of consolidated revenue in Q1 FY27 vs 39.0% a year ago) — watch whether it eases or keeps OPM below the ~12% band seen over the past year
W2
Effective tax rate (25.0% in Q1 FY27 vs 29.4% a year ago) — a reversion toward the higher historical rate would pressure PAT growth even if revenue holds up
W3
Associate entities' performance (₹0.30 Cr share of loss this quarter) — track whether this stabilises or continues eroding consolidated PBT
Figures in ₹ Lakhs in source, converted to Crore. Consolidated PBT (₹6.9426 Cr) is after a ₹0.3034 Cr share of loss from associates (operating PBT before associates was ₹7.2460 Cr); PAT used is the pre-minority-split 'profit after tax from operations' line (₹5.2074 Cr consol.), matching our DB's historical convention (NCI loss of ₹0.0106 Cr and owners'-share PAT of ₹5.2180 Cr both reconcile). No exceptional items this quarter.