Kamanwala Posts Stellar Profit Growth Despite Sequential Dip
The real estate developer reported a sevenfold increase in profit year-on-year, though revenue and profit declined from the previous quarter.
Kamanwala Housing Construction's Q1 FY27 profit surged 700% year-on-year, with net profit margin expanding significantly. However, both revenue and profit fell sequentially from Q4 FY26.
Kamanwala Housing Construction delivered a strong year-on-year performance for the quarter ended June 2026, with profit surging dramatically. However, the results show a sequential slowdown from the previous quarter, presenting a mixed picture for the real estate developer.
The company's revenue for Q1 FY27 stood at ₹1.25 crore, a significant 119.3% increase compared to the ₹0.57 crore reported in the same quarter last year. More impressively, profit jumped sevenfold to ₹0.24 crore from ₹0.03 crore a year ago. This translated into a substantial expansion in net profit margin, which improved to 19.1% from just 4.5% in Q1 FY26.
Yet, the quarter-on-quarter comparison reveals a different story. Revenue declined 33.2% from ₹1.87 crore in Q4 FY26, and profit swung from a loss of ₹1.56 crore in the previous quarter. This volatility is characteristic of the company's recent earnings trajectory.
Recent Quarterly Performance
The table below shows the company's performance over the last five quarters, highlighting the variability in its results.
Revenue & profit
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) | 1.25YoY +119% | 1.87 | 0.57 |
| Profit (₹ Cr) | 0.24YoY +700% | -1.56 | 0.03 |
| Net Profit Margin (%) | 19.1YoY +324% | – | 4.5 |
Key Takeaways
- Strong Profitability Leap: The year-on-year profit growth of 700% and margin expansion from 4.5% to 19.1% are the standout positives from the quarter.
- Sequential Softness: The decline in both revenue and profit from the immediately preceding quarter (Q4 FY26) indicates potential volatility in project completions and sales recognition.
- Robust Financial Health: The company maintains an exceptionally strong balance sheet, with a debt-to-equity ratio of just 0.01 and a high interest coverage ratio of 159.53.
- Trailing Performance: On a trailing twelve-month (TTM) basis, the company has reported a net loss of ₹2.65 crore on revenue of ₹9.65 crore, resulting in a negative TTM net profit margin.
The company's stock, which closed at ₹16.5 on the results date, has declined 36.1% over the past year but has delivered strong three-year returns. The current price-to-earnings (P/E) ratio of 0.4 reflects the market's pricing of its trailing earnings, which include recent quarterly losses. The key question for investors is whether the positive profitability seen in Q1 FY27 marks a sustainable turnaround for Kamanwala Housing Construction.
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