Unimech Q1 FY27: consol PAT +46% YoY to ₹27.9 Cr, revenue +71% to ₹107.6 Cr, beats street
Unimech Aerospace's consolidated Q1 FY27 (quarter ended June 30, 2026) print shows revenue of ₹107.62 Cr, up 70.9% YoY (₹62.99 Cr) and 31.6% QoQ (₹81.80 Cr), with consolidated PAT of ₹27.86 Cr, up 45.7% YoY (₹19.12 Cr) and 6.8% QoQ (₹26.10 Cr). No exceptional or one-off items were disclosed on either side of the comparison, so the reported and underlying growth rates are the same. Both revenue and profit came in well above the ₹85-98 Cr revenue / ₹15-19 Cr PAT consensus range reported by analyst previews ahead of the print, a clear beat on street numbers.
The margin picture is mixed by line. Operating margin (revenue less material, subcontracting, employee and other operating costs) expanded to 36.5% from 31.4% a year ago, in line with management's own FY27 guidance for consolidated EBITDA margins to improve over FY26 (full-year FY26 operating margin was 31.2%). But net profit margin slipped to 24.2% from 25.7% YoY, because other income fell 36% YoY to ₹7.33 Cr (from ₹11.44 Cr) and finance costs nearly doubled to ₹1.94 Cr (from ₹1.15 Cr) — both below the operating line, so they mask the underlying operating improvement in the headline PAT number. Consolidated PAT also carries a ₹13.80 lakh share of loss from associate Dheya Engineering.
The consolidated jump is structural as much as organic: this is the first full quarter with Hobel Bellows Private Limited, Hobel Bellows Co. and new subsidiary Uniflux Renewable Energy inside the Group (all effective April 27, 2026, on a combined ~₹450 Cr acquisition outlay for Hobel Bellows). That explains why standalone tells the opposite story — standalone revenue fell to ₹4.59 Cr from ₹11.71 Cr and standalone PAT fell to ₹2.20 Cr from ₹8.86 Cr YoY, as operating revenue that used to sit on the parent's books now sits with the consolidated subsidiaries. Against management's own prior guidance — that FY27 revenue should surpass Q4 FY26 levels — the company has already cleared that bar within Q1 itself, with consolidated revenue of ₹107.6 Cr against the ₹81.8 Cr Q4 FY26 base. No standalone company press release was available for this result to cross-check against management's own framing.
Alongside the results, the Board approved a QIP of up to ₹750 Cr (subject to shareholder approval at the August 28, 2026 AGM) and a further investment of up to ₹5 Cr in associate Dheya Engineering Technologies — both corporate actions concurrent with, not embedded in, this quarter's operating numbers.