Atlanta Electricals Ltd (ATLANTAELE) Q1 FY27 Results Analysis: PAT Jumps 50%, EBITDA Margin Misses Guidance

Atlanta Electricals Ltd's Q1 FY27 numbers came in mixed, with revenue of Rs. 466.33 Cr (+47.99% YoY) and PAT growth of +50.42% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quarter Snapshot

Revenue grew 48% YoY and PAT 50% YoY, driven by cost improvement and full debt repayment. However, EBITDA margin of 16.5% missed management's 18-20% guidance band, and subsidiary losses increased.

Key Investment Insights

Key Positives

• Revenue grew 47.99% YoY to Rs.466.33 Cr, exceeding the 40% CAGR target trajectory
• EBITDA grew 58.06% YoY to Rs.77.10 Cr, with margin expanding 105 bps YoY to 16.53%
• PAT grew 50.42% YoY to Rs.46.84 Cr, with EPS at Rs.6.09 vs Rs.4.35 a year ago
• Finance cost declined 64.25% QoQ and 16.89% YoY to Rs.5.71 Cr, following full debt repayment of Rs.340 Cr

Risk Factors

• EBITDA margin of 16.53% missed management's guidance band of 18-20% by ~147 bps
• Consolidated PAT was dragged down by Rs.6.25 Cr from subsidiaries, with their net loss increasing to Rs.4.40 Cr