Brady & Morris Q1 Results: Net Profit Falls 50% YoY to ₹77 lakh
Brady & Morris Engineering Company Ltd reported a net profit of ₹77.18 lakh for Q1FY27, a 50% YoY decline from ₹153.95 lakh. Revenue from operations fell 12% to ₹1,744.64 lakh. The results were approved by the Board on August 13, 2026, and reviewed by statutory auditors R. K. Doshi & Co. LLP. The AGM is scheduled for September 26, 2026.
*this image is generated using AI for illustrative purposes only.
Brady & Morris Engineering Company Limited reported a significant decline in profitability for the first quarter of FY27, with net profit falling by nearly half compared to the previous year. The company posted a net profit of ₹77.18 lakh for the quarter ended June 30, 2026, down from ₹153.95 lakh in Q1FY26. This contraction was primarily driven by a 12% year-on-year drop in revenue from operations, which stood at ₹1,744.64 lakh, compared to ₹1,984.37 lakh in the corresponding period last year.
The Board of Directors approved the unaudited financial results on August 13, 2026. The results were reviewed by M/s. R. K. Doshi & Co. LLP, the statutory auditors, who expressed an unmodified conclusion on the interim financial information prepared under Ind AS 34.
Financial Performance Overview
The company’s total income for the quarter was ₹1,805.67 lakh, comprising revenue from operations and other income of ₹61.03 lakh. In contrast, total expenses amounted to ₹1,702.42 lakh. While cost of materials consumed decreased to ₹924.30 lakh from ₹1,189.67 lakh in Q1FY26, reflecting lower production volumes aligned with reduced sales, other operational costs remained sticky.
| Metric | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 1,744.64 | 1,984.37 | -12.1% |
| Total Income | 1,805.67 | 2,028.48 | -11.0% |
| Total Expenses | 1,702.42 | 1,819.57 | -6.4% |
| Profit Before Tax | 103.25 | 208.92 | -50.6% |
| Net Profit | 77.18 | 153.95 | -49.8% |
Employee benefits expenses rose slightly to ₹371.86 lakh from ₹351.27 lakh, indicating fixed cost pressures despite lower revenue generation. Finance costs declined marginally to ₹17.60 lakh from ₹20.40 lakh, suggesting a modest reduction in interest-bearing liabilities or rates.
What the Numbers Show
A key divergence in the quarter’s performance lies in the movement of inventory versus revenue. While revenue fell by 12%, the company recorded a positive change in inventories of finished goods and work-in-progress amounting to ₹102.57 lakh, compared to a negative change of (₹58.54 lakh) in Q1FY26. This shift suggests that production outpaced sales during the period, leading to stock accumulation rather than immediate conversion into revenue. This inventory buildup contributed to higher total expenses relative to the decline in top-line growth, compressing margins.
Other Developments
Alongside the financial results, the Board issued the notice for the company’s 80th Annual General Meeting (AGM), scheduled for Saturday, September 26, 2026. The company continues to operate without any subsidiaries, joint ventures, or associate companies, meaning consolidated results are not applicable. The paid-up equity share capital remains unchanged at ₹225.00 lakh.
Earnings per share (EPS) for the quarter stood at ₹3.43, down significantly from ₹6.84 in Q1FY26, mirroring the decline in net profit attributable to equity shareholders.
Historical Stock Returns for Brady & Morris Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.91% | -0.76% | -0.04% | -14.11% | -44.99% | +342.56% |
How does management plan to address the inventory buildup of ₹102.57 lakh to prevent further margin compression in upcoming quarters?
What specific strategies are being implemented to reverse the 12% year-on-year decline in revenue from operations?
Will the company consider restructuring its fixed cost base, particularly employee benefits, to better align with current revenue levels?
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