Announced Fri, 24 Jul · 16:55 IST
Q1 FY27 results: Rs. 295L profit driven by office premises sale to related party
Price
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Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹48.50
prior close
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AI summary
Bombay Wire Ropes posted Q1 FY27 net profit of Rs. 295.18 lakhs (EPS Rs. 5.53) versus a loss of Rs. 2.12 lakhs in Q1 FY26. However, the profit was entirely driven by a one-time Rs. 432.20 lakhs gain on sale of office premises to a related party, The New Great Eastern Spinning and Weaving Company. Core revenue from operations was zero. The auditor flagged this related party arrangement as an emphasis of matter. The company leased back 250 sq ft of the same premises for Rs. 75,000 per month.
Likely market impact
Core operations show no revenue. Profit is one-time from a related party property sale, not sustainable earnings.