Amir Chand Jagdish Kumar Q1 Results: Net Profit Surges 127% YoY to ₹366 Million
Amir Chand Jagdish Kumar (Exports) reported a 127% YoY jump in Q1 consolidated net profit to ₹366.27 million, with revenue from operations rising 55% to ₹6,637.32 million. EBITDA improved to ₹619 million from ₹444 million YoY, though EBITDA margin contracted to 9.33% from 10.38%. The company also nearly fully utilized its IPO proceeds of ₹4,111.14 million, primarily towards working capital requirements.
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Amir Chand Jagdish Kumar (Exports) Limited delivered a strong start to FY27, reporting a consolidated net profit of ₹366.27 million for the quarter ended June 30, 2026. This represents a 127% year-on-year increase from ₹160.95 million in Q1FY26 and an 84% sequential jump from ₹199.59 million in Q4FY26. The growth was underpinned by a 55% surge in revenue from operations to ₹6,637.32 million, compared to ₹4,279.48 million in the corresponding period last year.
The Board of Directors, at a meeting held on August 3, 2026, approved the unaudited financial results pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Pramod K. Sharma & Co., who issued an unmodified conclusion.
Financial Performance
Consolidated revenue from operations stood at ₹6,637.32 million in Q1FY27, up from ₹4,279.48 million in Q1FY26. Other income contributed ₹9.42 million, bringing total income to ₹6,646.74 million. Total expenses were contained at ₹6,171.55 million, down from ₹6,708.99 million in the previous quarter, despite higher material costs. Finance costs decreased significantly to ₹137.32 million from ₹190.71 million in Q4FY26, reflecting improved capital structure post-IPO. EBITDA for the quarter came in at ₹619 million, compared to ₹444 million in Q1FY26, while EBITDA margin stood at 9.33% versus 10.38% in the year-ago period.
| Particulars | Q1FY27 (₹ Mn) | Q4FY26 (₹ Mn) | Q1FY26 (₹ Mn) | FY26 (₹ Mn) |
|---|---|---|---|---|
| Revenue From Operations | 6,637.32 | 6,946.80 | 4,279.48 | 22,871.38 |
| Other Income | 9.42 | 27.12 | 0.45 | 45.33 |
| Total Income | 6,646.74 | 6,973.93 | 4,279.93 | 22,916.72 |
| Total Expenses | 6,171.55 | 6,708.99 | 4,068.83 | 21,544.10 |
| EBITDA | 619.00 | — | 444.00 | — |
| EBITDA Margin (%) | 9.33 | — | 10.38 | — |
| Profit Before Tax | 475.19 | 264.93 | 211.10 | 1,372.62 |
| Net Profit | 366.27 | 199.59 | 160.95 | 1,033.01 |
Standalone net profit for the quarter was ₹252.66 million, compared to ₹130.14 million in Q1FY26. Standalone revenue from operations reached ₹5,667.50 million, a 49% increase year-on-year. Basic earnings per equity share (EPS) rose to ₹3.55 on a consolidated basis and ₹2.45 on a standalone basis, against ₹1.96 and ₹1.59 respectively in Q1FY26.
IPO Proceeds Utilization
The company completed its Initial Public Offering (IPO) of 20,754,716 equity shares at ₹212 per share, listing on April 2, 2026. Net proceeds of ₹4,111.14 million (after estimated offer expenses of ₹288.86 million) were received in the escrow account. As of June 30, 2026, the company had utilized ₹4,092.94 million of these proceeds. Of this, ₹3,981.80 million was deployed towards funding working capital requirements, leaving only ₹18.20 million unutilized for this purpose. The entire allocation for general corporate purposes (₹111.14 million) has been fully utilized.
| IPO Proceeds Particulars | Amount (₹ Mn) |
|---|---|
| Gross IPO Proceeds | 4,400.00 |
| Estimated Offer Expenses | 288.86 |
| Net Proceeds | 4,111.14 |
| Total Utilized as of June 30, 2026 | 4,092.94 |
| Working Capital Deployed | 3,981.80 |
| General Corporate Purposes (Fully Utilized) | 111.14 |
| Unutilized (Working Capital) | 18.20 |
Subsidiary Updates & Regulatory Compliance
The consolidated results include M/s ACJK Foods Private Limited, a wholly-owned subsidiary. A new wholly-owned subsidiary, M/s Aeroplane FMCG Pte. Ltd., was incorporated in Singapore on May 15, 2026. However, it has not commenced operations, resulting in nil transactions for the quarter ended June 30, 2026.
Regarding regulatory changes, the company assessed the impact of the New Labour Codes, effective November 21, 2025. Management's actuarial valuation indicated no material incremental impact on gratuity obligations. Consequently, no adjustments were made to the financial results for the quarter. The company continues to monitor the issuance of Central and State Rules to evaluate any potential impact on the contract workforce.
Historical Stock Returns for Amir Chand Jagdish Kumar (Exports)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.86% | +5.74% | +42.68% | +10.34% | +10.34% | +10.34% |
How will the near-complete utilization of IPO proceeds for working capital impact the company's future expansion plans or need for additional debt financing?
What specific strategies is management implementing to address the decline in EBITDA margins from 10.38% to 9.33% despite significant revenue growth?
When does the company expect the newly incorporated Singapore subsidiary, Aeroplane FMCG Pte. Ltd., to commence operations and contribute to revenue?
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