Incredible Industries LimitedQ1 FY27 Results & Financial Update
Incredible Industries Limited: Q1 FY27 standalone results and company financials – revenue ₹213.03 Cr, PAT ₹3.96 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 Incredible Industries 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
Incredible Industries Limited posted revenue from operations of INR 213.03 crore for the quarter ended June 30, 2026, registering a slight contraction compared to INR 219.76 crore reported in the corresponding period of the previous year and INR 219.43 crore in the preceding quarter ended March 31, 2026.
Total income for Q1 FY27 stood at INR 213.34 crore, which includes other income of INR 0.31 crore, reflecting stable top-line generation despite broader industrial cost pressures.
Profit after tax for the quarter reached INR 3.96 crore, representing an improvement over the INR 3.72 crore recorded in Q1 FY25-equivalent period last year, though moderating from INR 4.52 crore reported in the fourth quarter of FY26.
Basic and diluted earnings per share for the current quarter stood at INR 0.87, compared with INR 0.80 in the same quarter last year and INR 1.02 in the sequential previous quarter.
Total expenses for the period were controlled at INR 208.04 crore, lower than INR 214.88 crore in the corresponding quarter of the previous year, helped by lower raw material consumption and inventory adjustments.
Profit before tax for Q1 FY27 was recorded at INR 5.30 crore, supported by a reduction in total operating outlays despite modest top-line softening.
Profit after tax was ₹3.96 Cr for the reported quarter. EPS was ₹0.87 for the reported quarter.
01 · Business model
What does Incredible Industries do?
Incredible Industries Limited operates in the iron and steel sector, manufacturing primary metal and related steel products from its production facility located in Durgapur, West Bengal.
The company functions as a single-segment manufacturer focused on iron and steel products, carrying out processing and manufacturing activities within a standalone operational scope.
Its commercial model centers on raw material conversion and metal fabrication, serving industrial and commercial markets dependant on structural steel and metal inputs.
02 · Historical context
What shaped the business before this quarter
The company's manufacturing plant has historically been established and operated at Raturia, Angadpur, Durgapur in West Bengal.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹213.03 Cr |
| Total income | ₹213.34 Cr |
| Profit before tax | ₹5.30 Cr |
| Profit after tax | ₹3.96 Cr |
| EPS | ₹0.87 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 1.9% 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 2.5% 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 ₹0.31 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
Revenue from operations for the quarter stood at INR 213.03 crore, driven by the sale of iron and steel products manufactured at the Durgapur plant.
Other income added INR 0.31 crore to the total income of INR 213.34 crore during the first quarter of FY27.
What drove margins
Cost of materials consumed decreased to INR 185.91 crore during Q1 FY27 from INR 207.39 crore in Q4 FY26 and INR 192.86 crore in Q1 FY25.
Changes in inventories of finished goods, stock-in-trade, and work-in-progress reflected an addition of INR 9.59 crore compared to a drawdown of INR 0.82 crore in the preceding quarter.
Employee benefit expenses stood at INR 2.21 crore, while finance costs were contained at INR 0.77 crore and depreciation and amortization expenses totaled INR 0.96 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's business activity falls within a single primary business segment, namely Iron & Steel Products, making segment-wise reporting inapplicable.
06 · Reported developments
What changed operationally
Profit after tax increased to INR 3.96 crore in Q1 FY27 from INR 3.72 crore in the corresponding period of the previous year.
07 · Pressure points & risks
What is not going smoothly
Revenue from operations declined slightly to INR 213.03 crore from INR 219.76 crore year-on-year.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory auditor rotation
The Board approved the appointment of M/s. Sudhir Kumar Jain & Associates as statutory auditors for a term of five consecutive years from the conclusion of the 47th AGM until the 52nd AGM, replacing outgoing auditors R. Gopal & Associates pursuant to mandatory rotation requirements under Section 139 of the Companies Act, 2013.
Reported update
Annual General Meeting schedule
The company scheduled its 47th Annual General Meeting for Friday, September 18, 2026, to be held via video conferencing or other audio-visual means.
Reported update
Corporate structure
The company confirmed it does not hold any subsidiary, associate, or joint venture companies as of June 30, 2026.
09 · Previous-quarter changes
What changed since the previous quarter
Net profit moderated from INR 4.52 crore in Q4 FY26 to INR 3.96 crore in Q1 FY27 alongside a marginal decrease in total income from INR 219.79 crore to INR 213.34 crore.
10 · Key Q&A
The quarter, answered directly
What does Incredible Industries do?
Incredible Industries Limited operates in the iron and steel sector, manufacturing primary metal and related steel products from its production facility located in Durgapur, West Bengal.
What is the clearest takeaway from Q1 FY27?
Incredible Industries Limited posted revenue from operations of INR 213.03 crore for the quarter ended June 30, 2026, registering a slight contraction compared to INR 219.76 crore reported in the corresponding period of the previous year and INR 219.43 crore in the preceding quarter ended March 31, 2026.
What drove revenue or demand?
Revenue from operations for the quarter stood at INR 213.03 crore, driven by the sale of iron and steel products manufactured at the Durgapur plant.
What mattered most for margins or profitability?
Cost of materials consumed decreased to INR 185.91 crore during Q1 FY27 from INR 207.39 crore in Q4 FY26 and INR 192.86 crore in Q1 FY25.
What changed operationally beyond the headline numbers?
The Board approved the appointment of M/s. Sudhir Kumar Jain & Associates as statutory auditors for a term of five consecutive years from the conclusion of the 47th AGM until the 52nd AGM, replacing outgoing auditors R. Gopal & Associates pursuant to mandatory rotation requirements under Section 139 of the Companies Act, 2013.
What are the main pressure points disclosed for the quarter?
Revenue from operations declined slightly to INR 213.03 crore from INR 219.76 crore year-on-year.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Auditor transition: Effective takeover of statutory audit responsibilities by M/s. Sudhir Kumar Jain & Associates starting from the 47th AGM.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.