Bhagyanagar India Limited Earnings Summary — Q1 FY2027
Bhagyanagar India Ltd Reports Strong Revenue and Profit Growth Amid GST Litigation
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 4.0% sequentially in Q1 FY2027.
- Revenue of ₹705 Cr is 45.2% higher year-on-year.
- Revenue has compounded at 27.3% annualised over the last 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹20 Cr is 167.5% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 156.1% annualised across the period.
- Operating margin stands at 5.4% in Q1 FY2027.
- Operating margin expanded by 210 bps year-on-year.
- Over the last two years operating margin has expanded by 360 bps.
- PBT margin is 3.8%.
- Expense growth of 42.0% remained below revenue growth of 45.2%.
- Operating profit of ₹38 Cr is 136.5% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 75/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 705 | 735 | 577 | 580 | 486 | 454 | 394 | 408 | 369 | 409 |
| Expenses | Improving | 667 | 698 | 549 | 555 | 469 | 443 | 384 | 400 | 362 | 401 |
| Operating Profit | Strong Uptrend | 38 | 36 | 29 | 25 | 16 | 11 | 11 | 8 | 7 | 8 |
| Operating Margin | Improving | 5.4% | 4.9% | 5.0% | 4.3% | 3.3% | 2.5% | 2.8% | 2.0% | 1.8% | 2.0% |
| Other Income | Volatile | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 3 | 1 | 1 |
| Interest | Strong Uptrend | 10 | 10 | 10 | 9 | 7 | 5 | 5 | 4 | 3 | 3 |
| Depreciation | Stable | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit Before Tax | Strong Uptrend | 27 | 25 | 18 | 15 | 10 | 6 | 5 | 5 | 2 | 5 |
| Tax | Strong Uptrend | 7 | 6 | 5 | 4 | 3 | 1 | 1 | 1 | 1 | 2 |
| Net Profit | Strong Uptrend | 20 | 18 | 13 | 11 | 8 | 5 | 4 | 4 | 2 | 2 |
| Net Margin | Strong Uptrend | 2.9% | 2.5% | 2.2% | 1.9% | 1.6% | 1.0% | 1.0% | 0.9% | 0.5% | 0.6% |
Key Takeaways
- Consolidated revenue for Q1 FY2027 surged 45.2% YoY to ₹70,507 lakhs, despite a marginal 4% seasonal decline from Q4 FY2026.
- Net profit recorded a significant year-on-year growth of 167%, reaching ₹2,024 lakhs, driven by improved operating leverage.
- Operating margins showed improvement reaching 5.54%, aiding the company's objective to move away from its historical 2% average.
- The Board approved a preferential issuance of 15,01,434 equity shares at ₹348 per share to non-promoter investors to raise capital.
- A major GST litigation is ongoing; the company deposited ₹1,750 lakhs under protest regarding alleged irregular Input Tax Credit.
- The proposed Composite Scheme of Arrangement remains pending before the NCLT with a scheduled hearing on August 7, 2026.
Management Guidance
Management is pursuing an aggressive topline strategy with a stated target of reaching ₹3,000 crore in revenue by FY2030, supported by capacity utilizations while managing thin metal commodity margins.
Sentiment Shift
Improving
Earnings performance demonstrates strong YoY momentum and margin expansion beyond historical averages, offset slightly by legal contingencies.
Outlook
The company maintains a bullish outlook on volume growth in its copper business while parallelly navigating corporate restructuring via NCLT and capital raising via preferential allotment.
From the Annual Report (Key Quotes)
“The Company paid ₹1750 Lakhs under protest during the quarter ended 30th June, 2026... the Management believes the Company has a strong case on merits.”
“Approved the issuance of up to 15,01,434 equity shares... at an issue price of ₹348/- per equity share.”
“The matter [Scheme of Arrangement] is pending before Hon’ble NCLT for its sanction and scheduled for Hearing on 07.08.2026.”
Official Quarterly Documents
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This summary is AI-generated from Bhagyanagar India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.