Elin Electronics Sees Strong Revenue Growth But Posts a Surprise Loss
The electronics manufacturer's sales jumped 22.8% year-on-year, but a sharp drop in net profit margin led to a quarterly loss.
Elin Electronics reported robust revenue growth of 22.8% YoY for Q1 FY27, but profitability collapsed, resulting in a net loss of ₹21.41 crore and a negative margin.
Elin Electronics delivered a quarter of stark contrasts. While the electronics manufacturing services provider posted strong revenue growth, its profitability sharply reversed into a loss, highlighting significant margin pressure.
The company's revenue for the quarter ended June 2026 rose to ₹362.8 crore, a healthy 22.8% increase from the same period last year and an 11.9% sequential improvement. However, profit after tax (PAT) swung to a loss of ₹21.41 crore, a dramatic 328% decline year-on-year. This pushed the net profit margin down to -5.9%, a stark drop from the 3.2% margin achieved in Q1 FY26.
A look at the last five quarters shows a clear trend of eroding profitability despite volatile revenues.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 362.8YoY +23% | 324.19 | 295.48 |
| Profit (₹ Cr) | -21.41YoY -328% | -0.76 | 9.39 |
| Net Profit Margin (%) | -5.9YoY -284% | -0.2 | 3.2 |
The trailing twelve-month (TTM) figures underscore the challenge, with a cumulative loss of ₹8.22 crore on revenue of ₹1,355.04 crore, resulting in a TTM net profit margin of -0.6%.
Key Points
- The stock has declined 42.2% over the past year, trading around ₹101.76 at the results announcement.
- The company maintains a strong balance sheet with minimal debt, reflected in a low debt-to-equity ratio of 0.05.
- Despite recent losses, its valuation at a P/E of 19.7 trades at a significant discount to the industry average P/E of 51.9.
For Elin Electronics, the immediate priority is to translate its solid top-line momentum back into sustainable profits.
Live Chart
· ELIN
(BSE)
ISIN: INE050401020
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