PIL Italica Lifestyle Q1 FY27 Net Profit Drops 87.8% YoY to ₹18.83 Lakh as Manufacturing Segment Softens

Plastic molded furniture and lifestyle products manufacturer PIL Italica Lifestyle Limited (NSE: PILITA; BSE: 500327) today announced its standalone unaudited financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The company faced top-line contraction due to a slowdown in its core manufacturing operations, which significantly impacted its net profit margins during the quarter under review.

For the quarter ended June 30, 2026, the company reported a standalone net profit of ₹18.83 lakh, marking a steep decline of 87.8% compared to ₹154.52 lakh recorded in the corresponding first quarter of the prior fiscal year (Q1 FY26). Sequentially, net profit also dropped off sharply from the ₹107.98 lakh registered in the preceding quarter ended March 31, 2026 (Q4 FY26).

Segment Revenue Performance Breakdown

Total operational revenue experienced contraction, primary driven by headwinds in seasonal volume demands for plastic articles:

Total Revenue from Operations: Combined revenue from operations fell 30.5% YoY to ₹1,671.31 lakh (₹16.71 crore), down from ₹2,404.35 lakh in Q1 FY26.

Manufacturing Segment: Revenue from the company's mainstay business, manufacturing of plastic articles, fell to ₹1,607.96 lakh against ₹2,361.72 lakh in the identical window last fiscal.

Finance Segment: Bucking the trend, the company's financing division revenue expanded by 48.6% YoY to ₹63.35 lakh from ₹42.63 lakh in Q1 FY26.

Total Income: Factoring in a minor non-operational income of ₹4.15 lakh, total revenue finished at ₹1,675.46 lakh.

Expense Review and Segment Profits

Total expenses for the quarter dropped to ₹1,650.30 lakh against ₹2,197.78 lakh in Q1 FY26, as production requirements scaled back down line:

Material Sourcing & Inputs: Cost of materials consumed dropped substantially to ₹772.68 lakh down from ₹1,260.35 lakh in the base quarter. Finished inventory variation saw an addition adjustment credit of ₹(42.55) lakh.

Personnel & Administrative Overheads: Employee benefit outlays came in highly stable at ₹311.12 lakh (up marginally from ₹306.60 lakh in Q1 FY26), while other general operating expenditures checked in at ₹478.19 lakh.

Finance Costs: Borrowing costs and financing expenditures increased by 53.1% to ₹35.62 lakh compared to ₹23.26 lakh in the base year's matching quarter.

Profit before tax (PBT) came in at ₹25.16 lakh, down from ₹206.57 lakh in Q1 FY26. In terms of business verticals, the Manufacturing segment profit before interest and tax slid to ₹17.99 lakh (from ₹206.39 lakh), while Finance segment profit improved to ₹38.64 lakh (from ₹23.44 lakh). Total corporate tax adjustments included a deferred tax charge of ₹6.33 lakh.

Key Financial Ratios and Capital Assets

Capital Employed: The company's total capital employed at the close of Q1 FY27 reached ₹8,410.65 lakh. Total corporate assets stood at ₹11,170.82 lakh, offset by liabilities of ₹2,760.17 lakh.

Earnings Per Share (EPS): Basic and diluted Earning Per Share (non-annualized) fell down to ₹0.01 per share for the quarter, down from ₹0.07 in Q1 FY26 and ₹0.04 in Q4 FY26.

Paid-Up Share Capital: The company's total paid-up equity share capital base remained unchanged at ₹2,350.00 lakh (shares with a face value of ₹1 each).

Shares of PIL ITALICA LIFESTYLE LIMITED was last trading in BSE at Rs. 8.90 as compared to the previous close of Rs. 8.88. The total number of shares traded during the day was 1517 in over 12 trades.

The stock hit an intraday high of Rs. 9.15 and intraday low of 8.90. The net turnover during the day was Rs. 13565.00.

Source : Equity Bulls

Keywords

PILITALICALIFESTYLE INE600A01035 Q1FY27 Q1FY2027 ResultUpdate