Fine-Line Circuits turns profitable in Q1FY27 with ₹16.54 lakh net profit
Fine-Line Circuits Limited returned to profitability in Q1FY27 with a net profit of ₹16.54 lakh, driven by a 48% revenue increase to ₹1,072.01 lakh. The Board also appointed Jayesh Khimji Rambhia as an Additional Independent Director.
*this image is generated using AI for illustrative purposes only.
Fine-Line Circuits Limited returned to profitability in the first quarter of FY27, reporting a net profit after tax (PAT) of ₹16.54 lakh compared to a net loss of ₹6.24 lakh in Q1FY26. The turnaround was driven by a 48% year-on-year surge in revenue from operations, which rose to ₹1,072.01 lakh from ₹725.16 lakh. This performance marks a significant operational improvement for the printed circuit board manufacturer, which operates without subsidiaries or joint ventures. The results signal stabilized core operations after previous periods were impacted by exceptional items.
The Board of Directors approved the unaudited financial results during a meeting held on August 04, 2026. The results were subjected to a limited review by statutory auditors D K P & Associates, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to financial approvals, the Board accepted the Nomination and Remuneration Committee’s recommendation to appoint Mr. Jayesh Khimji Rambhia as an Additional Director (Independent) effective August 06, 2026. His first term expires on August 05, 2026, and he has been recommended for re-appointment as a Non-Executive Independent Director for a second term of five consecutive years, subject to shareholder approval via special resolution.
Financial Performance Highlights
Revenue growth was the primary driver behind the quarter’s profitability. Total income reached ₹1,073.19 lakh, up from ₹725.16 lakh in Q1FY26. While raw material costs increased proportionally to ₹425.71 lakh from ₹303.90 lakh, the company managed to expand its profit before tax margin significantly. Profit before tax stood at ₹17.15 lakh, compared to ₹6.47 lakh in the prior year period. Earnings per share (basic and diluted) improved to ₹0.34 from ₹0.13.
| Particulars | Q1FY27 (₹ in Lakhs) | Q4FY26 (₹ in Lakhs) | Q1FY26 (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Operations | 1,072.01 | 840.53 | 725.16 |
| Total Income | 1,073.19 | 841.48 | 725.16 |
| Total Expenses | 1,056.04 | 824.99 | 718.69 |
| Profit Before Tax | 17.15 | (19.63) | 6.47 |
| Net Profit After Tax | 16.54 | (18.54) | 6.24 |
| EPS (Basic & Diluted) | 0.34 | (0.39) | 0.13 |
What the Numbers Show
The quarter’s results reveal a sharp divergence between operating performance and prior-year comparables due to exceptional items. While Q1FY27 showed consistent operational health with no exceptional items, the previous full year (FY26) included an exceptional loss of ₹36.11 lakh, which dragged down the annual PAT to ₹(18.54) lakh despite a profitable Q1FY26. The current quarter’s clean profit suggests stable core operations. Furthermore, total comprehensive income rose to ₹11.96 lakh, aided by a remeasurement gain of ₹(4.58) lakh on defined benefit obligations, contrasting with a gain of ₹22.64 lakh in Q4FY26. The company’s paid-up equity capital remained unchanged at ₹482.65 lakh.
Historical Stock Returns for Fine-Line Circuits
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.86% | +3.08% | -5.15% | -24.37% | -19.00% | +234.95% |
Will Fine-Line Circuits be able to sustain its 48% revenue growth trajectory in Q2FY27, or was this surge driven by one-off order bookings?
How does the appointment of Mr. Jayesh Khimji Rambhia as an Independent Director align with the company's long-term strategic goals for expansion or governance?
Given the proportional rise in raw material costs, what hedging strategies or supplier contracts is the company implementing to protect profit margins in future quarters?
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