AWL · Fast Moving Consumer Goods
Half or more of pre-tax profit came from other income. What is it, and does it repeat?
Other income was 67% of profit before tax, against 13% a year earlier.
Source: Quarterly statements
Operating margin slipped on the year.
EBITDA margin 2.1%, −228 bps on the year (−31 bps on the quarter).
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.
| 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 | ₹12,267 cr | ₹12,828 cr | ₹13,223 cr | ₹14,154 cr | ₹14,460 cr | ₹16,839 cr | ₹18,230 cr | ₹17,059 cr | ₹17,605 cr | ₹18,603 cr | ₹21,465 cr | ₹20,048 cr |
| YoY | — | — | — | +9% | +18% | +31% | +38% | +21% | +22% | +10% | +18% | +18% |
| EBITDA margin | 1.2% | 3.9% | 2.7% | 4.4% | 4.3% | 4.7% | 2.5% | 2.1% | 3.9% | 3.0% | 2.4% | 3.5% |
| Other income, % of PBT | — | 21% | 49% | 13% | 14% | 12% | 26% | 67% | −25% | 29% | 45% | 18% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | 27% | 27% | 25% | 30% | 28% | 25% | 25% | 27% | 28% | 27% | 27% |
| Net profit | −₹131 cr | ₹201 cr | ₹157 cr | ₹313 cr | ₹311 cr | ₹411 cr | ₹191 cr | ₹238 cr | ₹245 cr | ₹269 cr | ₹293 cr | ₹351 cr |
| YoY | — | — | — | — | — | +104% | +22% | −24% | −21% | −35% | +53% | +47% |
| Core profit YoY | — | — | — | — | — | +116% | +61% | −71% | +13% | −46% | +29% | +271% |
| EPS | −₹1.01 | ₹1.55 | ₹1.21 | ₹2.41 | ₹2.39 | ₹3.16 | ₹1.46 | ₹1.82 | ₹1.88 | ₹2.07 | ₹2.25 | ₹2.70 |
| Flags | · | · | 1 | ✓ | ✓ | ✓ | ✓ | 1 | ✓ | ✓ | 2 | ✓ |
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.
AWL Agri Business Ltd. reported revenue of ₹17,059 cr (+20.5% on the year) and net profit of ₹238 cr (−24.0% on the year) for April to June 2025.
Profit before other income, exceptional items and tax moved −71.2% on the year, against −24.0% for reported profit.
1 check raised a question: Half or more of pre-tax profit came from other income. What is it, and does it repeat?
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