SSIL Q1 FY27 Results: Revenue Declines 23% to Rs 37 Crore, PAT at Rs 50 Lakh
- August 14, 2026
- Posted by: Lakshit Sharma
- Category: Market
SSIL Q1 FY27: Revenue Rs 37 Cr (-23.36% YoY). PAT Rs 0.50 Cr vs Rs 0.71 Cr (-29.49%). Gross profit Rs 3 Cr vs Rs 6 Cr (-36.8%). CMP Rs 21.17 on Aug 13.
Quick Answer
SSIL reported a 23% revenue decline in Q1 FY27 to Rs 37 crore from Rs 48 crore in Q1 FY26, with gross profit falling 37% to Rs 3 crore and PAT declining 29% to Rs 0.50 crore. SSIL Q1 FY27 results reflect demand softness or project timing gaps in the company’s industrial or engineering services segment, with all financial parameters declining in the quarter.
SSIL Q1 FY27 results showed the standalone company posting a 23.36% revenue decline to Rs 37 crore from Rs 48 crore in Q1 FY26. The material revenue decline across what appears to be an industrial services or manufacturing company indicates either project delays, lower offtake from key customers, or seasonal demand patterns in the company’s principal business.
The SSIL Q1 FY27 results showed gross profit falling 36.8% to Rs 3 crore from Rs 6 crore in Q1 FY26 on 23% lower revenue, indicating that the gross profit decline is disproportionate to the revenue fall. This suggests that either fixed costs in the gross profit line did not reduce with volumes, or the revenue mix shifted unfavorably during the quarter.
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SSIL Q1 FY27 Financial Highlights
| Metric | Q1 FY27 (Rs Crore) | Q1 FY26 (Rs Crore) | YoY Change |
|---|---|---|---|
| Revenue | 37.00 | 48.00 | -23.36% |
| Gross Profit | 3.00 | 6.00 | -36.8% |
| Net Profit / PAT | 0.50 | 0.71 | -29.49% |
SSIL Q1 FY27 Performance Analysis
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SSIL Q1 FY27 results show a meaningful deterioration from the year-ago base. Revenue falling 23% to Rs 37 crore from Rs 48 crore in Q1 FY26 is a significant decline that requires investigation into whether this reflects cyclical demand softness, project delivery timing, or competitive pressures in the company’s industrial segment.
The gross profit decline in SSIL Q1 FY27 results from Rs 6 crore to Rs 3 crore, a 37% fall on 23% revenue decline, indicates some fixed cost component in the gross profit line that does not scale down proportionately with revenue. This could include manufacturing overhead, quality control costs, or processing-related expenses.
PAT at Rs 0.50 crore in SSIL Q1 FY27 results, down 29% from Rs 0.71 crore, shows that below-the-gross-profit costs, including administrative overheads and finance charges, provided some absorption of the gross profit shortfall. However, PAT still declined materially in percentage terms.
Revenue recovery to Q1 FY26 levels of Rs 48 crore would be required to restore the earnings profile of SSIL. Investors tracking SSIL Q1 FY27 results should monitor Q2 FY27 order intake and revenue visibility.
Key Business Factors in Q1 FY27
Revenue Cycle and Project Timing
The 23% revenue decline in SSIL Q1 FY27 results may reflect lumpy project-based revenue recognition, where Q1 FY26 had higher project completions than Q1 FY27. If this is cyclical, revenue should recover in subsequent quarters as projects are delivered.
Gross Margin Compression on Lower Volumes
Gross profit falling 37% on 23% revenue decline in SSIL Q1 FY27 results suggests the company has semi-fixed manufacturing or processing costs. Volume decline amplifies the cost-per-unit impact, resulting in the disproportionate gross profit fall.
Customer and Market Conditions
Any demand slowdown from SSIL’s key industrial customers could persist across multiple quarters. Understanding the Q2 FY27 order book and customer pipeline will be critical for assessing whether the Q1 FY27 results revenue decline is temporary or structural.
Dividend Details
SSIL has not declared a dividend for Q1 FY27. The company may consider dividend distributions based on full-year performance, but the Q1 FY27 results decline in PAT reduces the near-term dividend probability.
FY27 Outlook
The FY27 outlook for SSIL depends on revenue recovery in Q2 and Q3 FY27. Industrial and manufacturing services companies typically see lumpy demand patterns tied to customer capex cycles and project timelines. If the revenue shortfall in Q1 FY27 results was timing-related, Q2 should see normalization.
Key risks include extended demand softness if industrial customers defer capex decisions, and the possibility that SSIL has lost market share to competitors. Investors should track order intake data and management commentary on customer engagement following SSIL Q1 FY27 results.
SSIL Stock Performance
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SSIL shares traded at Rs 21.17 on August 13, 2026, down 2.49% on the day, reflecting investor concern about the 23% revenue decline in Q1 FY27 results. The stock may see further pressure if Q2 FY27 results do not show meaningful recovery.
Key Risks
Extended Revenue Decline
If the 23% revenue decline in SSIL Q1 FY27 results persists into Q2 and Q3 FY27, full-year earnings will be materially below FY26 levels. Understanding the cause of the revenue shortfall is essential for assessing this risk.
Gross Margin Structural Issues
The disproportionate gross profit decline in SSIL Q1 FY27 results suggests the company’s cost structure has limited flexibility to adapt to lower revenue levels. This increases earnings vulnerability if demand remains subdued.
Competitive and Market Risk
Industrial and engineering services markets are competitive. Any loss of key customer relationships or inability to win new project bids could extend the revenue weakness seen in Q1 FY27 results.
Conclusion
SSIL Q1 FY27 results showed a 23% revenue decline to Rs 37 crore and a 29% PAT fall to Rs 0.50 crore, with gross profit also falling disproportionately. The results reflect demand or timing challenges in the company’s industrial business.
Recovery from SSIL Q1 FY27 results requires revenue normalization in Q2 FY27. Investors should monitor order intake and management guidance on customer demand before making investment decisions. Consult a SEBI-registered advisor.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on SSIL Q1 FY27 Results
When were SSIL Q1 FY27 results announced?
Ans. SSIL Q1 FY27 results were announced on August 13, 2026, covering the April to June 2026 quarter on a standalone basis.
What was SSIL’s revenue in Q1 FY27?
Ans. SSIL reported standalone revenue of Rs 37 crore in Q1 FY27, down 23.36% from Rs 48 crore in Q1 FY26.
What was SSIL’s PAT in Q1 FY27?
Ans. SSIL’s net profit (PAT) was Rs 0.50 crore in Q1 FY27, down 29.49% from Rs 0.71 crore in Q1 FY26.
Why did SSIL’s revenue fall 23% in Q1 FY27?
Ans. SSIL Q1 FY27 results reflect lower project deliveries or industrial customer demand in the April to June quarter. This could be timing-related or reflect broader demand softness.
Did SSIL declare a dividend after Q1 FY27 results?
Ans. SSIL has not declared a dividend for Q1 FY27.
What is the outlook for SSIL after Q1 FY27 results?
Ans. The FY27 outlook depends on revenue recovery in subsequent quarters. Industrial demand normalization and new order wins will determine whether the Q1 FY27 revenue decline is temporary.
Is SSIL a good investment after Q1 FY27 results?
Ans. SSIL Q1 FY27 results show a challenging quarter with significant revenue decline. Investors should monitor Q2 FY27 for recovery signals and consult a SEBI-registered advisor before investing.