KIOCL Limited Earnings Summary — Q1 FY2027
KIOCL Limited Faces Renewed Losses in Q1 FY2027 Amid Weak Operating Performance
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 28.3% sequentially in Q1 FY2027.
- Revenue of ₹158 Cr is 73.8% higher year-on-year.
- Revenue has compounded at -31.7% annualised over the last 10 quarters.
- Net profit of ₹-15 Cr is 59.0% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Operating margin stands at -16.8% in Q1 FY2027.
- Operating margin expanded by 2905 bps year-on-year.
- Over the last two years operating margin has expanded by 1633 bps.
- PBT margin is -10.1%.
- Expense growth of 39.2% remained below revenue growth of 73.8%.
- Operating profit of ₹-27 Cr is 36.3% higher year-on-year.
- Operating leverage continues to improve.
- 2 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 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 | Volatile | 158 | 220 | 160 | 143 | 91 | 246 | 181 | 16 | 147 | 372 |
| Expenses | Volatile | 185 | 189 | 155 | 164 | 133 | 287 | 224 | 83 | 196 | 398 |
| Operating Profit | Volatile | -27 | 32 | 4 | -22 | -42 | -41 | -43 | -67 | -49 | -25 |
| Operating Margin | Volatile | -16.8% | 14.4% | 2.7% | -15.2% | -45.9% | -16.6% | -24.1% | -416.7% | -33.2% | -6.8% |
| Other Income | Improving | 22 | 36 | 22 | 18 | 17 | 16 | 11 | 13 | 11 | 15 |
| Interest | Volatile | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 2 | 3 |
| Depreciation | Stable | 8 | 9 | 10 | 10 | 10 | 11 | 11 | 10 | 8 | 7 |
| Profit Before Tax | Volatile | -16 | 54 | 13 | -17 | -38 | -40 | -47 | -70 | -49 | -21 |
| Tax | Volatile | -0 | 1 | -5 | 0 | -1 | -3 | 1 | -1 | 2 | 22 |
| Net Profit | Volatile | -15 | 53 | 18 | -17 | -38 | -37 | -48 | -69 | -51 | -43 |
| Net Margin | Volatile | -9.8% | 24.2% | 11.4% | -12.0% | -41.5% | -15.0% | -26.5% | -428.8% | -34.4% | -11.5% |
Key Takeaways
- KIOCL slipped back into a net loss of ₹1,548 lakhs for Q1 FY2027, reversing the profit achieved in the preceding quarter.
- Revenue from operations grew 73.8% YoY to ₹15,801 lakhs, but declined significantly from ₹22,033 lakhs in Q4 FY2026.
- The Pellet Plant segment remains the primary driver of volatility, swinging from a segment profit of ₹1,079 lakhs in Q4 to a loss of ₹779 lakhs this quarter.
- Other Income of ₹2,245 lakhs provided a necessary buffer to total revenue but was insufficient to offset high power and fuel costs.
- Power and fuel expenses remain a major overhead at ₹6,094 lakhs, representing approximately 38% of operational income.
- The company continues to maintain a very low public float (under 1%), creating liquidity risks for minority shareholders.
Management Guidance
Management focus remains on resource security through captive mining leases and improving capacity utilization at the pellet plant.
Sentiment Shift
Deteriorating
The quick reversal from a profitable Q4 to a loss-making Q1 highlights the company's extreme sensitivity to operational costs and market spreads.
Outlook
The outlook remains challenging due to raw material insecurity and high operational volatility. Profitability is heavily dependent on international iron ore price spreads and the company's ability to manage fixed costs during periods of lower utilization.
From the Annual Report (Key Quotes)
“The Un-Audited Financial Results for the quarter ended June 30, 2026... approved by the Board of Directors.”
“Segment Results for the Pellet Plant showed a loss of ₹779 lakhs compared to a profit of ₹1,079 lakhs in the preceding quarter.”
Official Quarterly Documents
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This summary is AI-generated from KIOCL Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.