Calcom Vision posts record Q1FY27 sales but profit falls 34%
Calcom Vision achieved record Q1FY27 standalone revenue of ₹6,033.32 lakh, up 33.8% YoY, but standalone net profit fell 33.8% to ₹46.28 lakh due to rising costs. Consolidated profit dropped 83% to ₹10.63 lakh. EBITDA margin improved to 6.44% from 6.02% in the prior quarter. The company received ₹180 lakh in PLI incentives.

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Calcom Vision reported a standalone net profit of ₹46.28 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 33.8% decline from ₹69.93 lakh in the corresponding period of the previous year. This contraction occurred despite a robust 33.8% year-on-year increase in revenue from operations, which rose to ₹6,033.32 lakh from ₹4,507.60 lakh. The company stated this is the highest ever recorded sales across all first quarters since its inception. The divergence between top-line growth and bottom-line performance signals intensifying pressure on operating margins, driven primarily by rising employee benefits and material costs that outpaced revenue gains.
On a consolidated basis, the financial picture was further dampened by losses from its joint ventures. Total consolidated profit for the period stood at ₹10.63 lakh, a sharp fall from ₹62.73 lakh in Q1FY26. Net profit attributable to owners of the parent company was ₹13.22 lakh. The consolidated results included a share of net loss of ₹19.08 lakh from its joint venture, Calcom Taehwa Techno Private Limited. Additionally, the consolidation scope has changed; it now includes subsidiary Calcom Astra Private Limited, incorporated in January 2025, while Calcom Kadappa Private Limited was struck off by the Ministry of Corporate Affairs on December 2, 2025.
Financial Performance
Standalone revenue grew significantly, but profitability margins remained thin. Employee benefits expense rose to ₹763.44 lakh from ₹539.02 lakh in Q1FY25. Finance costs were relatively stable at ₹171.32 lakh. Standalone profit before tax fell to ₹61.85 lakh from ₹94.17 lakh in Q1FY25.
The investor presentation highlighted an improvement in EBITDA margins compared to the previous quarter. Standalone EBITDA margin expanded to 6.44% in Q1FY27, up from 6.02% in Q4FY26, though it remains below the 8.90% recorded in Q1FY26. Absolute EBITDA stood at ₹3.88 crore (₹388 lakh), slightly lower than the ₹4.10 crore reported in Q4FY26.
| Particulars | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) | Change |
|---|---|---|---|
| Standalone Metrics | |||
| Revenue from Operations | 6,033.32 | 4,507.60 | +33.8% |
| Profit Before Tax | 61.85 | 94.17 | -34.3% |
| Profit After Tax | 46.28 | 69.93 | -33.8% |
| EPS (Basic) | ₹0.33 | ₹0.52 | -36.5% |
| Consolidated Metrics | |||
| Revenue from Operations | 6,007.99 | 4,507.60 | +33.3% |
| Total Profit for Period | 10.63 | 62.73 | -83.0% |
| EPS (Basic) | ₹0.09 | ₹0.47 | -80.9% |
Key Developments
The Board appointed Ms. Aditi Ghosh as Company Secretary and Compliance Officer effective August 11, 2026. She is an associate member of The Institute of Company Secretaries of India and a qualified Chartered Accountant. Furthermore, the Board appointed M/s Neeraj Sharma & Co. as Cost Auditor for FY2026-27, subject to ratification of remuneration by members at the ensuing Annual General Meeting.
Regarding government incentives, the company disclosed receiving an incentive claim amounting to ₹180.00 lakhs under the Production Linked Incentive (PLI) Scheme for White Goods during the current financial year, compared to ₹144.00 lakhs in the previous year. The company is also eligible to file a claim of ₹6 crore under the higher investment category of ₹25.00 Crores for FY2025-26. The incentive will be recognized upon filing the claim, subject to verification.
In terms of quality recognition, Team Calcom was awarded the Prestigious Star Performer Award at Panasonic's Supplier QC Convention held on July 8, 2026, for the second consecutive time.
What the Numbers Show
While top-line growth remains robust with revenue increasing over 33% year-on-year, the bottom line has contracted sharply. The divergence between revenue growth and profit decline highlights pressure on operating margins. Standalone profit before tax fell to ₹61.85 lakh from ₹94.17 lakh in Q1FY25, despite higher revenues. This suggests that cost inflation, particularly in employee benefits (up 41.6% YoY) and material costs, has outpaced revenue gains. On a consolidated basis, the impact is more pronounced due to the drag from the joint venture’s losses, which reduced total comprehensive income significantly compared to the prior year. However, the slight expansion in EBITDA margin from Q4FY26 (6.02%) to Q1FY27 (6.44%) indicates some operational efficiency gains amidst the volume surge.
The Board of Directors approved the unaudited financial results during a meeting held on August 11, 2026. The results were reviewed by the Audit Committee and approved on August 10, 2026. Suresh Chandra & Associates, the statutory auditors, conducted a limited review of the results in accordance with Standard on Review Engagements (SRE) 2410. The financial statements were prepared in accordance with Ind AS 34. The disclosure was made pursuant to Regulation 33 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Calcom Vision
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | -0.27% | -10.45% | -5.04% | -27.92% | 0.0% |
How does management plan to address the widening gap between revenue growth and profit margins, specifically regarding the 41.6% surge in employee benefits?
What is the strategic outlook for the joint venture Calcom Taehwa Techno Private Limited, and when is it expected to return to profitability to stop dragging down consolidated results?
Will Calcom Vision successfully secure the pending ₹6 crore PLI incentive claim under the higher investment category, and how will this impact future cash flows?


































