Siyaram Silk's Q1 Profit Jumps 137% YoY Despite Seasonal Dip
The textile major's first-quarter profit more than doubled year-on-year, though revenue and earnings fell sharply from the previous quarter.
Siyaram Silk Mills reported a 137% year-on-year surge in profit for Q1 FY27, with net profit margin expanding significantly. Revenue grew 14.4% compared to the same quarter last year.
Siyaram Silk Mills has kicked off its new fiscal year with a powerful year-on-year profit surge, even as its performance moderated from the preceding quarter's high. The company's first-quarter profit more than doubled compared to a weak base last year, while revenue growth remained healthy.
The latest quarter saw revenue of ₹445.7 crore, a 14.4% increase from Q1 FY26. Profit after tax jumped 137.3% to ₹11.0 crore. This translated to a net profit margin of 2.5%, a significant 130 basis point improvement from the 1.2% margin a year ago, indicating better profitability on sales.
However, the results reflect a typical seasonal pattern for the company. Sequentially, both revenue and profit declined sharply from the strong fourth quarter (Q4 FY26), which is often the peak period for textile sales. The table below shows the quarterly trajectory over the last five quarters, highlighting the seasonal volatility and the year-on-year improvement in the June quarter.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 445.66YoY +14% | 853.29 | 389.48 |
| Profit (₹ Cr) | 11.01YoY +137% | 97.78 | 4.64 |
| Net Profit Margin (%) | 2.5YoY +108% | 11.5 | 1.2 |
Key Points
- The trailing twelve-month (TTM) net profit margin stands at a healthier 9.0%, with TTM profit at ₹237.3 crore.
- The company maintains a robust balance sheet, with a low debt-to-equity ratio of 0.22 and a strong return on equity (ROE) of 16.8%.
- The stock trades at a P/E of 8.6, a significant discount to the industry average P/E of 35.8.
While the quarterly earnings dip from Q4 is notable, the core story is one of solid year-on-year recovery in a traditionally softer quarter. The expanded margin and strong financial health provide a stable foundation as the company moves into the stronger halves of the fiscal year.
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· SIYSIL
(BSE)
ISIN: INE076B01028
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