Pavna Industries LimitedQ1 FY27 Results & Financial Update

Pavna Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹91.88 Cr, PAT ₹0.88 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: PAVNAINDPublished 20 Sep 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹91.88 CrReported Q1 FY27
Profit after tax₹0.88 CrReported Q1 FY27
EPS₹0.06Reported Q1 FY27

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Quarterly Results AnalysisExplore Pavna 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

01

During the quarter ended June 30, 2026, Pavna Industries Limited reported consolidated revenue from operations of INR 91.88 crore, accompanied by other income of INR 0.27 crore, bringing total income to INR 92.14 crore.

02

Profit before tax (PBT) for the quarter stood at INR 1.55 crore, while profit after tax (PAT) after accounting for the share of losses from associates settled at INR 0.88 crore.

03

Total comprehensive income for the period was recorded at INR 83.61 lakh on a consolidated basis, reflecting the combined operational performance of the parent and its various subsidiaries.

05

The financial statements note that four consolidated subsidiaries collectively generated total revenues of INR 14.11 crore and a net loss after tax of INR 0.87 lakh for the quarter, while an associate entity accounted for a group share of net loss of INR 2.87 lakh.

06

During the quarter ended June 30, 2026, Pavna Industries Limited reported consolidated revenue from operations of INR 91.8769 crore and a total income of INR 92.1428 crore.

07

The consolidated profit before tax (PBT) for Q1 FY27 stood at INR 1.5519 crore, while the profit after tax (PAT) after accounting for the share of profit or loss of associates reached INR 0.8776 crore.

01 · Business model

What does Pavna Industries do?

Pavna Industries Limited operates in the automotive components sector, designing, manufacturing, and supplying various systems and parts for the automotive industry.

The company's primary revenue engine is derived from its automotive segment operations, serving original equipment manufacturers (OEMs) and vehicle manufacturers.

Its consolidated business structure encompasses several subsidiaries and affiliates, including Pavna Sunworld Autotech Private Limited, Pavna Auto Engineering Private Limited, Pavna Marketing Private Limited, Swapnil Switches Private Limited, and Pavna SMC Private Limited, alongside an associate entity, Pavna Foundation.

02 · Historical context

What shaped the business before this quarter

Share Capital Subdivision

Previously, the company executed a subdivision of its equity shares such that 1 equity share of face value INR 10 was split into 10 equity shares of face value INR 1 each, effective from September 1, 2025.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹91.88 Cr
Total income₹92.14 Cr
Profit before tax₹1.55 Cr
Profit after tax₹0.88 Cr
EPS₹0.06

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 1.0% 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.

Pre-tax earnings

Profit before tax was equivalent to 1.7% 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.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.27 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

Automotive Component Sales

Consolidated revenue from operations reached INR 91.87 crore for Q1 FY27, driven primarily by manufacturing and supply activities within the automotive components segment.

What drove margins

Input and Operational Costs

Cost of materials consumed stood at INR 62.21 crore, purchases of stock-in-trade were INR 8.53 crore, and employee benefit expenses were recorded at INR 6.95 crore for the quarter.

Servicing and Overhead Expenses

Finance costs were reported at INR 2.35 crore, depreciation and amortisation expenses reached INR 4.18 crore, and other expenses amounted to INR 16.91 crore during the period.

Input and Operational Costs

Cost of materials consumed formed the largest component of expenses at INR 62.2067 crore, alongside employee benefit expenses of INR 6.9529 crore and other expenses of INR 16.9089 crore.

Financing and Depreciation Charges

Profitability was impacted by finance costs of INR 2.3461 crore and depreciation and amortisation expenses of INR 4.1838 crore incurred during the quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Operating Segment

In accordance with IND AS 108, the company's business activity falls within a single operating segment, specifically the automotive segment.

06 · Pressure points & risks

What is not going smoothly

Subsidiary and Associate Losses

The consolidated results include net losses after tax of INR 8.71 lakh from four subsidiaries and a group share of net loss of INR 2.87 lakh from an associate.

07 · Items worth noticing

The line items that can distort a quick read

Forfeiture of Warrant Subscription

INR 30.30 crore received as a 25% upfront subscription for preferential warrants was forfeited following the lapse of warrants on July 28, 2026, and retained in accordance with applicable accounting standards.

08 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Warrant Forfeiture

The company forfeited INR 30.30 crore, representing the 25% upfront subscription amount on 24,00,000 convertible warrants issued to the promoter and promoter group, after the balance 75% was not received by the July 28, 2026 deadline.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Lapse of Convertible Warrants

Out of a preferential issue approved earlier for non-promoter groups and promoter entities aggregating to INR 210.69 crore, 24,00,000 convertible warrants lapsed on July 28, 2026, due to non-receipt of the final 75% payment, leading to the forfeiture of the 25% upfront amount (INR 30.30 crore) in line with SEBI ICDR regulations.

Reported update

Lapse and Forfeiture of Warrants

The company announced that outstanding convertible warrants issued on a preferential basis lapsed upon the expiry of the exercise period on July 28, 2026, due to non-receipt of the balance 75% consideration. Consequently, the 25% upfront subscription amount amounting to INR 30.30 crore stands forfeited in accordance with SEBI ICDR Regulations.

Reported update

Subsidiary and Associate Review Coverage

The consolidated financial results include the unaudited interim financial results of four subsidiaries reflecting total revenues of INR 14.1108 crore and a net loss after tax of INR 0.0871 crore, along with one associate sharing a net loss of INR 0.0287 crore for the quarter ended June 30, 2026.

10 · Key Q&A

The quarter, answered directly

What does Pavna Industries do?

Pavna Industries Limited operates in the automotive components sector, designing, manufacturing, and supplying various systems and parts for the automotive industry.

What is the clearest takeaway from Q1 FY27?

During the quarter ended June 30, 2026, Pavna Industries Limited reported consolidated revenue from operations of INR 91.88 crore, accompanied by other income of INR 0.27 crore, bringing total income to INR 92.14 crore.

What drove revenue or demand?

Consolidated revenue from operations reached INR 91.87 crore for Q1 FY27, driven primarily by manufacturing and supply activities within the automotive components segment.

What mattered most for margins or profitability?

Cost of materials consumed stood at INR 62.21 crore, purchases of stock-in-trade were INR 8.53 crore, and employee benefit expenses were recorded at INR 6.95 crore for the quarter.

What changed operationally beyond the headline numbers?

Out of a preferential issue approved earlier for non-promoter groups and promoter entities aggregating to INR 210.69 crore, 24,00,000 convertible warrants lapsed on July 28, 2026, due to non-receipt of the final 75% payment, leading to the forfeiture of the 25% upfront amount (INR 30.30 crore) in line with SEBI ICDR regulations.

What are the main pressure points disclosed for the quarter?

The consolidated results include net losses after tax of INR 8.71 lakh from four subsidiaries and a group share of net loss of INR 2.87 lakh from an associate.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

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

  1. 01

    Warrant Forfeiture Accounting: Monitor the financial statement treatment and retention of the INR 30.30 crore forfeited warrant subscription amount in accordance with applicable accounting standards.

  2. 02

    Subsidiary Performance: Track the operational turnaround and profitability trends of the four consolidated subsidiaries and associated entities.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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