July 30: A fresh batch of Q1 FY27 earnings released on Thursday showcased a mixed performance across sectors, with Mahindra & Mahindra (M&M), Deepak Fertilisers, Exide Industries, IRB Infrastructure and L.T. Foods reporting healthy growth, while Westlife Food and ICRA witnessed margin pressure.
Key Q1 FY27 Earnings Highlights
Mahindra & Mahindra (M&M)
- Net Profit: ₹3,685 crore, up 6.8% YoY
- Revenue: ₹41,920 crore, up 23% YoY
- EBITDA: ₹5,111 crore, up 4.7% YoY
- EBITDA Margin: 12.2% vs 14.3% last year
- Results were broadly in line with Street expectations.
Deepak Fertilisers
- Net Profit doubled to ₹490 crore from ₹243 crore
- Revenue increased 22.5% YoY to ₹3,256 crore
- EBITDA surged 65% YoY to ₹846 crore
- EBITDA Margin expanded to 25.96% from 19.30%
Exide Industries
- Net Profit: ₹351 crore, up 28% YoY
- Revenue: ₹5,528 crore, up 17.8% YoY
- EBITDA: ₹621 crore, up 15.5% YoY
- EBITDA Margin: 11.2%
IRB Infrastructure
- Net Profit: ₹306 crore, up 51.2% YoY
- Revenue: ₹2,137 crore, up 1.8% YoY
- EBITDA: ₹1,152 crore, up 21.1% YoY
- EBITDA Margin eased to 53.9% from 55.4%
L.T. Foods
- Net Profit: ₹183 crore, up 9% YoY
- Revenue: ₹3,152 crore, up 28% YoY
- EBITDA rose 33% YoY to ₹354 crore
- EBITDA Margin improved to 11.23%
Privi Speciality Chemicals
- Net Profit: ₹84 crore, up 36% YoY
- Revenue: ₹666 crore, up 19% YoY
- EBITDA increased 15% YoY
- Margin softened to 22.9%
Westlife Foodworld
- Net Profit declined 52% YoY to ₹0.59 crore
- Revenue rose 12% YoY to ₹736 crore
- EBITDA increased 9% YoY
- EBITDA Margin slipped to 12.6%
ICRA
(Quarter-on-Quarter Performance)
- Net Profit: ₹56 crore, up 7% QoQ
- Revenue declined 6.6% QoQ
- EBITDA fell 21% QoQ
- EBITDA Margin dropped to 33.7% from 40%
Management Commentary
Asian Paints
- Expects 8–10% volume growth in FY27.
- Rural and B2B demand remained strong in Q1.
- Company expects value growth to outpace volume growth.
- Maintains EBITDA margin guidance of 18–20%.
- Open to price cuts in H2 if raw material costs soften.
- Continues to gain market share despite intense competition.
STL
- Order book close to ₹18,000 crore.
- Executable Q2 orders worth ₹2,200 crore.
- Plans ₹1,500 crore investment over the next three years.
- Data centre business EBITDA margin expected at 25–30%.
- Over ₹100 crore earmarked for R&D this year.
- Expects European business recovery over the next 2–3 years.
Disclaimer: This article is for informational purposes only and should not be construed as investment or trading advice. Investors should evaluate financial results, management guidance, valuations, and market risks before making investment decisions.
