Belrise Industries Q1 FY27: Revenue up 13%, PAT up 9%

What Belrise Industries reported for Q1 FY27

Belrise Industries reported its financial performance for the quarter ended June 30, 2026 (Q1 FY27), with revenue growth supported by higher scale but margins showing pressure. On a consolidated basis, revenue from operations was reported at ₹2,546.47 crore, up 12.57% year-on-year (YoY). Profit after tax (PAT) came in at ₹121.67 crore, up 8.94% YoY.

The company’s operating profit (operating income) for the quarter was ₹194.47 crore, showing a 2.08% YoY increase. Operating margin, as shown in the highlights, was 7.64% with a YoY decline of 9.32% (as presented in the source data). The quarter also included investor communications around the earnings call, with the company submitting audio recordings related to the discussion.

Headline financial highlights (YoY)

Belrise’s headline performance points to steady top-line growth with a smaller increase in profit, suggesting cost and mix impacts during the quarter. The quarterly data shared shows total income / total revenue at ₹2,546.47 crore with 12.57% YoY growth. Net income (PAT) was ₹121.67 crore with 8.94% YoY growth.

In the same set of figures, operating income was ₹194.47 crore, up 2.08% YoY. The operating margin reported in the highlights was 7.64%, with the highlights indicating a negative YoY movement. Separately, the earnings-call summary also referenced EBITDA of ₹293.26 crore and an EBITDA margin of 11.5% for Q1 FY27.

Revenue growth and the cost base

The quarterly table shows total operating expense at ₹2,352.00 crore in Q1 FY27 versus ₹1,623.79 crore in Q1 FY25 (June 2024 column), a YoY increase of 13.53%. With total revenue rising 12.57% YoY to ₹2,546.47 crore, the pace of expense growth broadly tracked revenue growth, but margin softness shows up across operating metrics.

Selling, general and administrative (SG&A) expenses were reported at ₹115.30 crore for the quarter, up 41.94% YoY from ₹70.57 crore. Other operating expenses totalled ₹100.75 crore, up 32.45% YoY from ₹53.80 crore. Depreciation and amortisation was ₹98.79 crore, up 9.75% YoY from ₹82.92 crore.

Profitability: operating income, EBITDA and margins

Operating income was ₹194.47 crore in Q1 FY27, versus ₹157.18 crore in the June 2024 column, and the headline highlights list YoY growth of 2.08%. Net income before taxes was ₹166.38 crore, up 19.25% YoY from ₹89.21 crore.

EBITDA numbers were also cited in the summary: EBITDA rose to ₹293.26 crore from ₹280.52 crore, representing 4.5% YoY growth. However, the EBITDA margin moderated to 11.5% from 12.4% in the year-ago period, reflecting cost pressures that management expects to ease (as stated in the summary text).

Quarter-on-quarter movement (Q1 FY27 vs Q4 FY26)

On a quarter-on-quarter (QoQ) basis, total revenue was ₹2,546.47 crore in Q1 FY27 versus ₹2,552.83 crore in the preceding quarter (Mar 26 column), a decline of 0.25%. Operating income moved from ₹199.89 crore to ₹194.47 crore, down 2.71% QoQ.

Net income (PAT) was ₹121.67 crore versus ₹130.23 crore in the previous quarter, down 6.57% QoQ. The table also shows diluted normalised EPS at 1.37 versus 1.52, down 9.80% QoQ.

Consolidated results vs standalone figures cited

Alongside the consolidated quarterly table, the provided text also includes a standalone snapshot: Q1 FY27 revenue of ₹2,088 crore (+16% YoY), PAT of ₹114 crore (+10% YoY) and gross profit of ₹176 crore (also cited as ₹175 crore in another line). These standalone figures are presented separately from the consolidated quarterly table that reports total revenue of ₹2,546.47 crore and PAT of ₹121.67 crore.

The content also included a revenue figure expressed in millions: ₹25,465 million for total revenue from operations in Q1 FY27, which corresponds to about ₹2,546.5 crore, consistent with the ₹2,546.47 crore consolidated revenue number. EBITDA was cited as ₹2,933 million, which corresponds to about ₹293.3 crore.

Earnings call and investor communication timeline

Belrise announced its Q1 FY27 results on August 14, 2026 (as stated in the provided text). The company also submitted audio recordings of the earnings call held on August 17, 2026, and noted availability through its website under the Investor Relations section, with a direct link referenced in the exchange filing.

The investor call was described as a conference call with management and analysts on Q1 FY27 performance and outlook. Dial-in numbers for India, the US, the UK, Singapore and Hong Kong were listed in the provided content, along with time-zone conversions and pre-registration details.

Key numbers table (as provided)

Market snapshot and what investors tracked

A price reference in the provided text put Belrise Industries’ CMP at ₹240.10 on August 14, 2026. The same set of notes framed the Q1 performance as “robust” on revenue growth, while acknowledging that margins moderated.

The data also stated that consolidated revenue rose by ₹284.26 crore YoY to ₹2,546.47 crore and consolidated net profit increased by ₹9.99 crore YoY to ₹121.67 crore. These changes align with the headline YoY percentage increases cited for revenue and PAT.

Why the numbers matter

The quarter shows a familiar pattern in manufacturing-linked businesses: revenue scaling continues, while margin performance depends on cost conditions, overhead absorption, and operating leverage. In Belrise’s case, the YoY revenue growth of 12.57% outpaced the YoY PAT growth of 8.94%.

The expense line items disclosed in the quarterly table, particularly SG&A and other operating expenses, increased sharply YoY, while the EBITDA margin cited in the earnings summary eased to 11.5% from 12.4%. This combination explains why investors often focus on both growth and margin commentary in earnings calls, especially when management flags cost pressures and expectations around easing.

Conclusion

Belrise Industries’ Q1 FY27 update showed consolidated revenue of ₹2,546.47 crore and PAT of ₹121.67 crore, alongside an EBITDA margin of 11.5% that was lower than the year-ago level cited in the summary. The company also supported its results release with an earnings call and subsequently filed the audio recording on August 17, 2026.

The next key datapoints for investors, based on what was shared, are the detailed management commentary from the earnings call transcript and any further filings that clarify consolidated versus standalone performance metrics across segments.