W H Brady Q1 Results: Net profit up 160% YoY to ₹172 lakh
W H Brady & Company Limited reported Q1 FY27 standalone net profit of ₹172.05 lakh, up from a ₹107.70 lakh loss in Q1 FY26, with standalone revenue from operations up 41.6% to ₹1,090.71 lakh. Consolidated net profit was ₹249.24 lakh, slightly down from ₹261.64 lakh. Consolidated revenue from operations fell 14% to ₹2,270.32 lakh. Board approved results on Aug 13, 2026.
How this was made

The 30-second read
Why it matters
Traders may reprice the stock based on the magnitude of the standalone swing to profit, while also discounting it if consolidated revenue contraction persists. The tax provisioning change and MAT credit claim add an additional layer to earnings quality assessment.
Market read
A quantified Q1FY27 turnaround on a standalone basis, contrasted with consolidated revenue and EPS declines, creates a mixed catalyst for near-term positioning.
What to watch
Tax provisioning under the Income Tax Act, 2025 (Section 201) and MAT credit usage could influence quarter-to-quarter comparability of profitability.
Background
The company’s Q1FY27 results show a large standalone profitability rebound alongside weaker consolidated revenue, plus a disclosed change in tax provisioning methodology effective April 1, 2026.
Market effects
Signals potential normalization in the company’s core operations, but highlights risk of earnings dispersion between parent and subsidiaries.
Limited direct regional spillover; includes a Mumbai leasehold-to-freehold conversion payment.
Low, India-specific corporate results with no cross-border deal or regulatory action.
Counterpoint
The consolidated picture deteriorated (revenue from operations -14%, consolidated EPS down), so the standalone turnaround may not translate into group earnings power.
Key entities
- companyW H Brady & Company Limited
Reported Q1FY27 standalone net profit of ₹172.05 lakh and disclosed tax provisioning changes effective April 1, 2026.
- subsidiaryBrady & Morris Engineering Company Limited
Cited as the likely source of consolidated headwinds offsetting parent gains during the quarter.
- auditorM/s. J. G. Verma & Co.
Issued an unmodified opinion on the financial results.
- government counterpartyDistrict Collector of Mumbai
Received ₹976.61 lakh conversion premium for leasehold rights at Brady House to freehold.


