UMIYA MOBILE presentation reports conflicting EBITDA figures

UMIYA MOBILE’s investor presentation reports two H1 FY27 earnings before interest, tax, depreciation and amortisation, or EBITDA, amounts: Rs 26.18 crore in its headline snapshot and Rs 11.32 crore in its detailed statement, a Rs 14.86 crore difference. The same presentation also gives conflicting FY25 and FY26 EBITDA figures without a reconciliation.

What are UMIYA MOBILE’s conflicting H1 FY27 EBITDA figures?

UMIYA MOBILE reports H1 FY27 EBITDA of Rs 26.18 crore on page 24, compared with Rs 16.22 crore for H1 FY26. On page 25, its detailed H1 income statement instead reports EBITDA of Rs 11.32 crore for H1 FY27 and Rs 6.36 crore for H1 FY26. Both pages identify the periods as H1 FY27 and H1 FY26.

The H1 FY27 difference is Rs 14.86 crore, while the H1 FY26 difference is Rs 9.86 crore. These are not differences caused by the presentation’s printed precision: the headline snapshot shows EBITDA margin of 2.14% for H1 FY27 and 1.74% for H1 FY26, although it labels materially higher amounts as EBITDA.

The presentation does not provide a separate EBITDA definition or a bridge between the two H1 tables. In the detailed H1 statement, the Rs 26.18 crore headline EBITDA amount is reported as other expenses for H1 FY27. Similarly, the Rs 16.22 crore labelled as H1 FY26 EBITDA in the snapshot is reported as other expenses in the detailed statement.

Which H1 FY27 figures agree across the presentation?

UMIYA MOBILE reports the same H1 FY27 revenue from operations of Rs 529.49 crore and profit after tax, or PAT, of Rs 7.26 crore on both H1 pages. Revenue from operations rose 45.0% from Rs 365.19 crore in H1 FY26, while PAT increased 92.0% from Rs 3.78 crore, according to the detailed statement.

The detailed statement shows how it reaches H1 FY27 EBITDA of Rs 11.32 crore. It reports gross profit of Rs 41.47 crore, employee benefit expense of Rs 3.97 crore and other expenses of Rs 26.18 crore. For H1 FY26, gross profit of Rs 25.41 crore less employee benefit expense of Rs 2.83 crore and other expenses of Rs 16.22 crore results in reported EBITDA of Rs 6.36 crore.

The stated margins correspond to the detailed EBITDA amounts rather than the snapshot amounts. EBITDA of Rs 11.32 crore on H1 FY27 revenue from operations of Rs 529.49 crore is approximately 2.14%, matching the stated margin. The comparable detailed H1 FY26 EBITDA of Rs 6.36 crore on Rs 365.19 crore of revenue is approximately 1.74%.

How do the FY24, FY25 and FY26 EBITDA disclosures compare?

UMIYA MOBILE’s annual financial snapshot gives positive EBITDA of Rs 10.51 crore for FY25 and Rs 15.14 crore for FY26, with stated EBITDA margins of 1.9% and 1.8%. Its annual income statement reports negative EBITDA of Rs 30.68 crore in FY25 and negative Rs 33.18 crore in FY26, producing differences of Rs 41.20 crore and Rs 48.32 crore respectively.

FY24 is different because the two annual EBITDA figures agree after the presentation’s rounding. The snapshot reports FY24 EBITDA of Rs 5.76 crore, while the income statement reports Rs 5.76 crore. The inconsistency therefore emerges in FY25 and FY26 rather than across each of the three full financial years shown.

Annual PAT is substantially aligned between the two pages. The snapshot gives FY25 PAT of Rs 5.51 crore and FY26 PAT of Rs 9.19 crore, while the income statement gives Rs 5.51 crore and Rs 9.19 crore respectively. FY24 PAT is Rs 2.35 crore in both tables after rounding, concentrating the reporting discrepancy on EBITDA and intermediate profit lines.

What line items explain the negative annual EBITDA figures?

UMIYA MOBILE’s detailed statement reports negative FY25 EBITDA because its gross profit was negative Rs 3.85 crore, followed by employee costs of Rs 4.89 crore and other expense of Rs 21.94 crore. In FY26, gross profit was Rs 11.56 crore, but employee costs of Rs 6.37 crore and other expense of Rs 38.37 crore produced negative EBITDA of Rs 33.18 crore.

The same statement reports other income of Rs 41.20 crore in FY25 and Rs 48.32 crore in FY26. After depreciation, interest and those other-income amounts, it reports profit before tax of Rs 7.42 crore for FY25 and Rs 12.29 crore for FY26. The annual snapshot does not explain whether its positive EBITDA figures use another classification or presentation basis.

The annual revenue labels also differ in FY25 and FY26. The snapshot reports total revenue of Rs 601.28 crore in FY25 and Rs 884.42 crore in FY26, while the income statement reports revenue from operations of Rs 560.08 crore and Rs 836.10 crore. The respective gaps are close to the detailed statement’s other-income figures, but the presentation provides no formal reconciliation between total revenue and revenue from operations.

Conclusion

UMIYA MOBILE’s presentation consistently reports H1 FY27 revenue from operations of Rs 529.49 crore and PAT of Rs 7.26 crore, but it does not provide a consistent EBITDA measure. The detailed H1 statement and the stated 2.14% margin point to Rs 11.32 crore of EBITDA, while the headline snapshot labels the identical Rs 26.18 crore other-expenses amount as EBITDA. The FY25 and FY26 annual disclosures show the same issue on a larger scale.

The next item to watch is whether management provides a correction or reconciliation of EBITDA, other expenses, other income and annual revenue labels for FY25, FY26 and H1 FY27. The presentation discloses no such bridge, restatement or separate EBITDA definition despite the Rs 48.32 crore FY26 difference between its snapshot and income-statement EBITDA figures.