De Nora India LimitedQ1 FY27 Results & Financial Update
De Nora India Limited: Q1 FY27 standalone results and company financials – revenue ₹35.27 Cr, PAT ₹6.39 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore De Nora India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
De Nora India Limited posted a revenue from operations of INR 35.271 crore for the quarter ended June 30, 2026, accompanied by other income of INR 3.4516 crore, bringing total income to INR 3.87226 crore.
The company registered a strong rebound in profitability during the first quarter of fiscal 2027, recording a profit before tax (PBT) of INR 8.5989 crore and a net profit (PAT) of INR 6.3896 crore.
The bottom-line expansion was supported by a substantial reduction in warranty expenses, which stood at INR 0.4113 crore for the quarter compared to INR 3.4889 crore in the corresponding period of the previous year.
Cost of materials consumed was reported at INR 17.2906 crore, while changes in inventories of finished goods, work-in-progress, and stock-in-trade showed an inventory release effect of INR 1.6381 crore.
Other expenses for the quarter were contained at INR 8.3622 crore, and employee benefits expense stood at INR 1.8766 crore.
Total expenses for the quarter were held at INR 30.1237 crore, resulting in a healthy profit margin profile with a PAT margin of approximately 18.12%.
Basic and diluted earnings per share (EPS) for the unannualised quarter stood at INR 12.04, reflecting the enhanced earnings power relative to preceding quarters.
De Nora India Limited reported revenue from operations of INR 35.27 crore for the quarter ended June 30, 2026, marking a significant rebound from the preceding quarter ended March 31, 2026, where revenue stood at INR 21.97 crore.
01 · Business model
What does De Nora India do?
De Nora India Limited operates in the specialized electrochemical sector, focusing primarily on the design, manufacture, and supply of activated titanium electrodes, coatings, and related water disinfection and filtration technologies.
The company's primary manufacturing facility is located at the Kundaim Industrial Estate in Goa, India, serving diverse industrial applications ranging from chlor-alkali production to water treatment and cathodic protection.
As a subsidiary/affiliate within the global De Nora group framework, the company engages in significant technical and commercial transactions with its parent and group entities, notably Industrie De Nora S.p.A., Italy.
The operational business model is centered around advanced electrode technologies, which the Chief Operating Decision Maker (CODM) recognizes as the company's sole reportable operating segment under Ind AS 108.
02 · Historical context
What shaped the business before this quarter
Previously, in the quarter ended March 31, 2026, the company incurred a loss before tax of INR 0.9285 crore and a net loss, before returning to profitable operations in Q1 FY27.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹35.27 Cr |
| Total income | ₹38.72 Cr |
| Profit before tax | ₹8.60 Cr |
| Profit after tax | ₹6.39 Cr |
| EPS | ₹12.04 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 18.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 24.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹3.45 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated revenue from operations of INR 35.2710 crore from the company's single reportable segment of electrode technologies during the quarter.
Supplemental non-operating inflows contributed INR 3.4516 crore to the total income of INR 3.87226 crore.
Revenue from operations increased to INR 35.27 crore in Q1 FY27, reflecting stronger execution and delivery volumes compared to the preceding quarter's INR 21.97 crore.
Other income added INR 3.45 crore to the top line during the quarter, supporting total income of INR 38.72 crore.
What drove margins
Warranty expenses dropped significantly to INR 0.4113 crore in Q1 FY27 from INR 3.4889 crore in Q1 FY25/26 comparative periods, providing substantial relief to operating margins.
Cost of materials consumed stood at INR 17.2906 crore alongside a positive inventory adjustment of INR 1.6381 crore.
Other expenses were maintained at INR 8.3622 crore, contributing to an improved PBT of INR 8.5989 crore.
Cost of materials consumed was INR 17.29 crore for the quarter, compared to INR 15.54 crore in the preceding quarter and INR 14.91 crore in Q1 FY26.
Warranty expenses decreased significantly to INR 0.41 crore in Q1 FY27 from INR 3.49 crore in the corresponding quarter of the previous year, relieving cost pressures.
Other expenses stood at INR 8.36 crore during the quarter, compared to INR 10.72 crore in the same period last year.
05 · Reported developments
What changed operationally
The company reported a robust net profit of INR 6.3896 crore for Q1 FY27, recovering sharply from the loss-making quarter ended March 31, 2026.
Warranty costs dropped sharply to INR 0.4113 crore, alleviating a major cost head that weighed on earlier periods.
The company swung back to profitability in Q1 FY27, posting a net profit of INR 6.39 crore after experiencing a loss in the preceding quarter ended March 31, 2026.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Material Related Party Transactions approval
The Board approved material related party transactions with Industrie De Nora S.p.A., Italy, for an aggregate value not exceeding Rs. 2,770 lakhs for FY 2027-28, and proposed increasing the limit for FY 2026-27 from Rs. 2,080 lakhs to Rs. 2,430 lakhs, subject to shareholder approval.
Reported update
Cost Auditor appointment
The Board appointed M/s. Dilip Madhukar Vengurlekar, Cost Accountants, as the Cost Auditor of the company for the financial year 2026-27.
07 · Previous-quarter changes
What changed since the previous quarter
PBT swung from a loss of INR 0.9285 crore in Q4 FY26 to a positive PBT of INR 8.5989 crore in Q1 FY27.
Revenue from operations expanded to INR 35.27 crore in Q1 FY27 from INR 21.97 crore in Q4 FY26.
PBT recovered from a loss of INR 0.93 crore in Q4 FY26 to a positive INR 8.60 crore in Q1 FY27.
08 · Key Q&A
The quarter, answered directly
What does De Nora India do?
De Nora India Limited operates in the specialized electrochemical sector, focusing primarily on the design, manufacture, and supply of activated titanium electrodes, coatings, and related water disinfection and filtration technologies.
What is the clearest takeaway from Q1 FY27?
De Nora India Limited posted a revenue from operations of INR 35.271 crore for the quarter ended June 30, 2026, accompanied by other income of INR 3.4516 crore, bringing total income to INR 3.87226 crore.
What drove revenue or demand?
Generated revenue from operations of INR 35.2710 crore from the company's single reportable segment of electrode technologies during the quarter.
What mattered most for margins or profitability?
Warranty expenses dropped significantly to INR 0.4113 crore in Q1 FY27 from INR 3.4889 crore in Q1 FY25/26 comparative periods, providing substantial relief to operating margins.
What changed operationally beyond the headline numbers?
The Board approved material related party transactions with Industrie De Nora S.p.A., Italy, for an aggregate value not exceeding Rs. 2,770 lakhs for FY 2027-28, and proposed increasing the limit for FY 2026-27 from Rs. 2,080 lakhs to Rs. 2,430 lakhs, subject to shareholder approval.
What should the next disclosure help confirm?
Shareholder approval for revised related party transaction limits with Industrie De Nora S.p.A., Italy, at the upcoming Annual General Meeting.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Annual General Meeting approvals: Shareholder approval for revised related party transaction limits with Industrie De Nora S.p.A., Italy, at the upcoming Annual General Meeting.
- 02
Sustained margin performance: Monitoring whether lower warranty expense levels are sustained in subsequent quarters of FY27.
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