ABDL · Fast Moving Consumer Goods
Finance cost rose fast and now takes a large bite of operating profit. New borrowing, or a higher rate?
Finance cost ₹51.0 cr, +82.1% on the year; 30% of EBITDA.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹851 cr | ₹895 cr | ₹768 cr | ₹758 cr | ₹868 cr | ₹974 cr | ₹921 cr | ₹923 cr | ₹990 cr | ₹1,003 cr | ₹1,007 cr | ₹979 cr |
| YoY | — | — | — | −7% | +2% | +9% | +20% | +22% | +14% | +3% | +9% | +6% |
| EBITDA margin | 8.3% | 6.6% | 7.8% | 9.8% | 11.9% | 12.0% | 14.8% | 12.1% | 12.6% | 13.6% | 16.8% | 11.7% |
| Other income, % of PBT | 6% | — | — | 13% | 3% | 4% | 13% | 9% | 6% | −2% | 13% | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 29% | — | — | 28% | 26% | 28% | 26% | 26% | 25% | 28% | 63% | 33% |
| Net profit | ₹11.0 cr | −₹4.0 cr | −₹2.0 cr | ₹11.0 cr | ₹48.0 cr | ₹57.0 cr | ₹79.0 cr | ₹56.0 cr | ₹63.0 cr | ₹64.0 cr | ₹38.0 cr | ₹45.0 cr |
| YoY | — | — | — | — | +336% | — | — | +409% | +31% | +12% | −52% | −20% |
| Core profit YoY | — | — | — | — | +313% | — | — | +393% | +27% | +18% | −2% | −9% |
| EPS | ₹0.46 | −₹0.18 | −₹0.10 | ₹0.40 | ₹1.70 | ₹2.05 | ₹2.81 | ₹2.02 | ₹2.30 | ₹2.38 | ₹1.46 | ₹1.76 |
| Flags | · | · | · | ✓ | 1 | ✓ | 1 | 1 | ✓ | ✓ | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Allied Blenders and Distillers Ltd. reported revenue of ₹1,007 cr (+9.3% on the year) and net profit of ₹38.0 cr (−51.9% on the year) for January to March 2026.
Profit before other income, exceptional items and tax moved −2.2% on the year, against −51.9% for reported profit.
1 check raised a question: Finance cost rose fast and now takes a large bite of operating profit. New borrowing, or a higher rate?
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