Kotyark Q1 FY27: consolidated PAT +9% YoY to ₹4.46 Cr, margins flat YoY, weak QoQ
Kotyark Industries reported consolidated revenue from operations of ₹91.98 Cr for Q1 FY27 (quarter ended June 30, 2026), up 11.5% year-on-year from ₹82.46 Cr and up 44.5% sequentially from ₹63.66 Cr in Q4 FY26. Consolidated profit for the period (before minority interest) was ₹4.46 Cr, up 9.1% YoY from ₹4.09 Cr; profit attributable to owners of the company was ₹3.84 Cr (+7.8% YoY), against ₹9.38 Cr and ₹9.33 Cr respectively in the seasonally-inflated Q4 FY26. Consolidated basic EPS for the quarter was ₹0.34. These are unaudited, limited-review figures — no full audit opinion has been issued.
The YoY print is essentially in line: revenue growth (11.5%) modestly outpaced profit growth (9.1%), and operating margin (EBITDA/revenue) was broadly flat at 12.73% versus 12.49% a year ago, while net margin (total profit/total income) slipped marginally to 4.85% from 4.96%. The sharp sequential drop in both OPM (30.07% in Q4 FY26 to 12.73%) and PAT (-52.4% QoQ) is not a like-for-like operating deterioration: Q4 FY26 booked a much larger addback from changes in inventories of finished goods (₹32.90 Cr) than this quarter (₹16.83 Cr), which had mechanically inflated the prior quarter's reported margin. The YoY comparison, not the QoQ swing, is the fairer read of underlying performance.
Standalone PAT actually fell 7.9% YoY to ₹1.06 Cr even as consolidated profit rose — the gap traces to subsidiary Kotyark Bio Specialities Ltd, which alone contributed ₹42.98 Cr of revenue and ₹3.40 Cr of profit this quarter and shows up only at the consolidated level. Comparability is further complicated: the company divested its 55% stakes in Asia Bio Fuel LLP and Parth Renewable Energy LLP effective April 1, 2026, and both LLPs — consolidated in the year-ago (30-Jun-2025) comparative — are excluded from the current quarter, so YoY consolidated growth understates the change versus a strictly like-for-like base. Separately, a 10:1 bonus share issue during the quarter (10.28 Cr new shares) has been reflected retrospectively in EPS for all periods shown.
Neither our records nor a web search turned up analyst consensus estimates or management guidance for this quarter, so both the vs-street and vs-guidance verdicts are unknown; there is also no management press release in our records to cross-check against the print. The results were filed past the statutory deadline after the previous auditor's term lapsed at the August 22, 2026 AGM, with newly appointed Talati & Talati LLP completing the limited review. Outside the P&L, the company announced a ₹173.45 Cr biodiesel supply/allocation contract from Oil Marketing Companies in the first half of August 2026 — after the quarter closed, so it will show up, if at all, in Q2 FY27 rather than in these numbers.