Harrisons Malayalam Q1 Results: Net profit falls 34% YoY to ₹38.8 crore
Harrisons Malayalam's Q1FY27 standalone results show a 34% YoY drop in net profit to ₹38.8 crore, despite a 7.4% rise in revenue to ₹12,810.3 crore. EPS fell to ₹2.13 from ₹3.23. Full-year FY26 profits were significantly higher at ₹2,915 crore.
*this image is generated using AI for illustrative purposes only.
Harrisons Malayalam reported a standalone net profit of ₹38.8 crore for the first quarter of FY27 (ended June 30, 2026), marking a significant decline from the ₹59.6 crore posted in the corresponding period of the previous fiscal year. The company’s revenue from operations rose to ₹12,810.3 crore, up from ₹11,925.1 crore in Q1FY26.
The results were filed with the stock exchanges on August 13, 2026, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The financial data presented reflects the company’s standalone performance, with consolidated figures showing negligible variance due to the structure of its operations.
Financial Performance Overview
Revenue growth was driven by higher operational income, which increased by approximately 7.4% year-on-year. However, this top-line expansion did not translate into proportional bottom-line gains, as net profit contracted sharply.
| Metric: | Q1FY27 (Unaudited) | Q1FY26 (Unaudited) | Change |
|---|---|---|---|
| Total Income from Operations: | ₹12,810.3 crore | ₹11,925.1 crore | +7.4% |
| Net Profit After Tax: | ₹38.8 crore | ₹59.6 crore | -34.9% |
| Earnings Per Share (Basic): | ₹2.13 | ₹3.23 | -34.1% |
Profit before tax also declined, standing at ₹393.6 crore for the current quarter compared to ₹596.4 crore in Q1FY26. The absence of exceptional or extraordinary items indicates that the variance is attributable to core operational dynamics rather than one-off gains or losses.
What the Numbers Show
A key divergence emerges when comparing quarterly performance against full-year trends. While the current quarter shows a profit contraction, the company delivered a strong full-year result for FY26, with net profit reaching ₹2,915.0 crore. This suggests that Q1FY27 represents a seasonal slowdown or a specific operational headwind distinct from the broader annual performance observed in the preceding fiscal year. The earnings per share dropped to ₹2.13 from ₹3.23 a year ago, mirroring the decline in absolute profit figures.
Consolidated vs Standalone
The consolidated financial results mirrored the standalone figures closely, with consolidated revenue at ₹12,810.2 crore and consolidated net profit at ₹393.4 crore before tax. The minimal difference between standalone and consolidated numbers highlights the limited impact of subsidiaries on the overall financial picture for this period.
Historical Stock Returns for Harrisons Malayalam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -10.72% | -10.55% | -10.14% | +16.93% | -9.27% | -0.67% |
What specific operational cost drivers or margin pressures contributed to the 34.9% decline in net profit despite a 7.4% increase in revenue?
How might this Q1FY27 profit contraction influence Harrisons Malayalam's dividend payout policy for the current fiscal year?
Are there indications that this profit dip is a temporary seasonal anomaly, or does it signal a structural shift in the company's core operational dynamics?
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