Birla Corporation Limited Earnings Summary — Q4 FY2026
Birla Corporation Reports Strong Q4 Recovery with Net Profit Surging 456% QoQ
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 6.7% sequentially in Q1 FY2027.
- Revenue of ₹2,646 Cr is 7.8% higher year-on-year.
- Revenue has compounded at -0.1% annualised over the last 10 quarters.
- Net profit of ₹116 Cr is 3.2% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -22.6% annualised across the period.
- Operating margin stands at 12.9% in Q1 FY2027.
- Operating margin compressed by 120 bps year-on-year.
- Over the last two years operating margin has expanded by 114 bps.
- PBT margin is 5.9%.
- Expenses grew 9.3% against revenue growth of 7.8%.
- Operating profit of ₹342 Cr is 1.3% lower year-on-year.
- Operating leverage has been under pressure recently.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 46/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
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 | Stable | 2,646 | 2,836 | 2,159 | 2,207 | 2,454 | 2,815 | 2,257 | 1,953 | 2,190 | 2,654 |
| Expenses | Stable | 2,304 | 2,326 | 1,866 | 1,902 | 2,107 | 2,281 | 2,009 | 1,775 | 1,932 | 2,182 |
| Operating Profit | Volatile | 342 | 510 | 293 | 305 | 347 | 534 | 248 | 177 | 258 | 472 |
| Operating Margin | Stable | 12.9% | 18.0% | 13.6% | 13.8% | 14.1% | 19.0% | 11.0% | 9.1% | 11.8% | 17.8% |
| Other Income | Volatile | 23 | 67 | -15 | 27 | 32 | 10 | 15 | 17 | 17 | 33 |
| Interest | Stable | 67 | 62 | 65 | 67 | 71 | 73 | 83 | 85 | 86 | 82 |
| Depreciation | Stable | 142 | 134 | 133 | 134 | 131 | 142 | 139 | 145 | 146 | 150 |
| Profit Before Tax | Volatile | 156 | 380 | 80 | 131 | 177 | 328 | 41 | -36 | 44 | 273 |
| Tax | Volatile | 40 | 86 | 27 | 40 | 58 | 72 | 10 | -10 | 11 | 80 |
| Net Profit | Volatile | 116 | 295 | 53 | 90 | 120 | 257 | 31 | -25 | 33 | 193 |
| Net Margin | Volatile | 4.4% | 10.4% | 2.4% | 4.1% | 4.9% | 9.1% | 1.4% | -1.3% | 1.5% | 7.3% |
Key Takeaways
- The March 2026 quarter showed significant sequential improvement, with Net Profit rising from ₹53 Cr in Q3 to ₹295 Cr.
- Operating Profit Margin (OPM) rebounded to 18% in Q4 from 14% in the previous three quarters, reflecting better cost management.
- Interest expenses have trended downward consistently, falling to ₹62 Cr from ₹73 Cr in the same quarter last year, marking successful deleveraging.
- Annual performance for FY2026 showed a robust recovery in PAT to ₹558 Cr compared to ₹295 Cr in FY2025.
- The balance sheet reflects a reduction in total borrowings from ₹3,489 Cr in March 2025 to ₹3,391 Cr in March 2026.
- Other income saw a sharp seasonal spike to ₹67 Cr in Q4, significantly aiding the bottom line growth.
Management Guidance
Management is focused on 'premiumization' and increasing the share of premium products to shield margins from commodity price volatility.
Sentiment Shift
Improving
The massive sequential surge in profitability and margins indicates the company is successfully navigating regional price pressures and fuel costs.
Outlook
The outlook is cautiously optimistic as the Mukutban plant stabilizes and the company continues to reduce debt, though the low ROCE remains a long-term challenge.
From the Annual Report (Key Quotes)
“The focus has recently shifted toward deleveraging and increasing the share of premium products to improve unit realizations.”
“Significant deleveraging in last 24 months has improved the financial profile.”
“Management execution is characterized by a high degree of transparency and a clear strategic focus on premiumization.”
Official Quarterly Documents
This summary is AI-generated from Birla Corporation Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.