Sreeleathers Q1 FY27 profit jumps 138% to ₹6.99 cr YoY

Key takeaway from the quarter

Sreeleathers Limited, a Kolkata-based leather products manufacturer, reported a sharp year-on-year improvement in profitability for the quarter ended June 30, 2026 (Q1 FY27). The company’s standalone net profit (PAT) rose to ₹6.99 crore from ₹2.93 crore in the same quarter last year, a jump of about 138%. Revenue from operations increased to ₹59.63 crore, supported by higher income and a stronger operating profile versus the year-ago period. The results were approved at the board meeting held on August 14, 2026, alongside the outcome of the board meeting and unaudited standalone financials. The company also said its statutory auditors issued a limited review report with no modifications or qualifications.

Q1 FY27 numbers reported by the company

In the unaudited standalone statement, Sreeleathers reported revenue from operations of ₹59.63 crore for Q1 FY27. Total income was higher at ₹62.89 crore, reflecting the contribution from other income. Net profit for the quarter was ₹6.99 crore. Basic earnings per share (EPS) for Q1 FY27 was ₹3.02, compared with ₹1.27 in Q1 FY26. Diluted EPS was also ₹3.02 for Q1 FY27.

Profit growth and operating leverage narrative

Multiple summaries around the quarter highlighted operating leverage, pointing out that costs grew slower than income. While exact expense line-items are not detailed in the provided data, the margin improvement is visible in the operating profitability metrics reported in market summaries. One such data set showed EBITDA at ₹8.9 crore in Q1 FY27 versus ₹4.0 crore a year ago, with EBITDA margin expanding to 14.93% from 7.97%. The same set also showed net profit at about ₹7.0 crore versus ₹2.9 crore, consistent with the company’s reported PAT of ₹6.99 crore.

Revenue figures: reconciling crore, lakh, and million references

The underlying numbers appear across sources in different units such as lakh and million, but they refer to the same quarterly scale. The company’s statement reports revenue from operations of ₹5,962.50 lakh, which converts to ₹59.63 crore. Some summaries also cited sales of “INR 596.25 million” and net income of “INR 69.87 million”, which convert to ₹59.63 crore revenue and ₹6.99 crore net profit respectively. Separately, one line in the provided text referenced “₹596.3 crore” revenue, which does not align with the detailed tables that state ₹59.6 crore; the company’s line-item figure of ₹5,962.50 lakh supports the ₹59.63 crore number.

Quarter-on-quarter context also available

The same filing-style data includes Q4 FY26 comparatives. Revenue from operations for Q4 FY26 was ₹62.69 crore, while total income was ₹63.14 crore. Net profit for Q4 FY26 was ₹9.67 crore, and basic EPS was ₹4.18. This provides a near-term reference point for investors tracking sequential movement from the March quarter to the June quarter.

Dividend: board recommendation and record date

Alongside the quarterly results, the board recommended a final dividend of Re 1 per equity share (face value ₹10 each) for the financial year 2025-26. The dividend is subject to approval by members at the ensuing 35th Annual General Meeting (AGM). The record date for determining eligible shareholders was set as September 21, 2026.

Stock price reference shared in the update

The provided information includes a market price reference of ₹251.63 for Sreeleathers shares on August 14, 2026, the day the results were announced. This is a point-in-time snapshot and not a full-day high-low range.

Summary table: reported financials (normalized to ₹ crore)

Why the update matters for investors

The quarter underscores a sharp year-on-year improvement in earnings, with PAT rising from ₹2.93 crore to ₹6.99 crore. Revenue growth and the associated profitability expansion are important for a consumer-facing manufacturer because they indicate stronger conversion of sales into earnings. The clean limited review report, as stated in the filing summary, reduces uncertainty around the reported numbers. The dividend recommendation and its record date also put a defined timeline for shareholders who track cash returns from the company.

What to watch next

The dividend will depend on shareholder approval at the upcoming AGM, with September 21, 2026 set as the record date. Investors will also watch whether the company sustains the improved profitability trend in subsequent quarters after Q1 FY27. Any further disclosures around expenses, store-level performance, or category-wise demand would help the market assess the durability of the operating improvement.