Q1 FY27 results: PAT falls 57%, EBITDA margin compresses sharply
INNOVANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated revenue from operations grew 15.7% to Rs 3,807 Lacs but total expenses nearly doubled to Rs 3,602 Lacs, driven by a sharp rise in digital ad spend (Rs 1,115 Lacs vs Rs 287 Lacs) at subsidiary Astro Services. Profit before tax fell 57% to Rs 669 Lacs and net profit dropped to about Rs 554 Lacs from Rs 1,312 Lacs. Group EBITDA margin compressed to around 25% from 54%. Standalone revenue declined 19% and PAT fell 33%. No deviation in warrant issue fund use.
Sharp profit fall and EBITDA margin compression signal costs rising faster than revenue. Watch sustainability of Astro expansion spending.