Gokul Agro Resources Q1FY27: Better margins, biodiesel ramp-up, and B2C push

Consolidated revenue from operations was 5281.95 crore, EBITDA (including other income) was 203.94 crore with 3.86 percent margin, and PAT was 123.74 crore with 2.34 percent margin.

Revenue from operations increased 7 percent YoY, EBITDA increased 53 percent YoY, and PAT increased 74 percent YoY, as shown in the Q1FY27 consolidated P&L table.

For FY26, edible oils were 89 percent of revenue, castor oil and derivatives 4 percent, speciality fats 1 percent, and others 5 percent. For Q1FY27, edible oils were 77 percent, castor oil and derivatives 7 percent, speciality fats 6 percent, and others 9 percent.

FY26 channel mix is shown as B2B 86 percent, exports 5 percent, B2C 8 percent. In Q1FY27, the mix is shown as B2B 72 percent, exports 10 percent, B2C 18 percent.

The presentation mentions a 300 TPD biodiesel capacity at Gandhidham (commissioned in Q4FY26), a 15 MW captive solar plant in Gujarat (commissioned in Q1FY27), additional 4 MW solar plants in Andhra Pradesh and Karnataka planned by Dec 2026, and an ongoing capacity increase of 8 lakh MTPA across four plant locations.

The company states 550 hectares were completed in FY25 and FY26, and 900 hectares are underway to be completed in FY27.

Debt to equity is shown declining to 0.41 in FY26 from 0.53 in FY25. ROCE and ROE for FY26 are shown as 27.19 percent and 34.38 percent, respectively, and debt to EBITDA is shown at 0.82 in FY26.