Board approves Q1 FY27 results, revenue up 70 percent YoY
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Patel Retail's Board approved Q1 FY27 (quarter ended June 30, 2026) unaudited results. Revenue from operations rose about 70 percent YoY to Rs 30,953.51 lakhs from Rs 18,245.42 lakhs. PAT grew about 37 percent to Rs 951.60 lakhs from Rs 692.42 lakhs. EPS stood at Rs 2.85. Board also approved the 19th AGM notice for September 23, 2026, with book closure from September 16 to 23. Statutory auditors issued an unmodified review report. Note: depreciation method changed from WDV to SLM, boosting reported PBT by roughly Rs 171 lakhs.
Strong top-line and profit growth, partly aided by a depreciation method change. Watch sustainability of margins going forward.