ASM Technologies delivered exceptional financial performance in Q1 FY27, with consolidated net profit rising 72.2% to ₹268.23 million compared to ₹155.73 million in the corresponding quarter of the previous year. The company has declared an interim dividend of ₹6 per equity share, representing 60% of the face value of ₹10 per share, with payment scheduled on or before September 4, 2026. The record date for dividend entitlement is fixed as August 12, 2026, as reported by the company's latest disclosures. This significant profit growth demonstrates the company's strong operational performance during the quarter, with the impressive financial numbers expected to strengthen investor confidence in ASM Technologies.
The company's consolidated revenue from operations increased 61.7% to ₹1,988.16 million in Q1 FY27, up from ₹1,229.15 million in the same quarter of the previous fiscal year. Standalone revenue was recorded at ₹1,936.93 million, while standalone net profit rose to ₹270.37 million from ₹163.29 million in the prior year quarter. The manufacturing segment contributed significantly to the revenue surge, with domestic manufacturing revenue jumping to ₹1,448.02 million from ₹605.51 million in the year-ago quarter, while export manufacturing revenue declined slightly to ₹15.38 million from ₹37.03 million. The services segment saw export revenue rise to ₹238.81 million from ₹205.39 million, though domestic services revenue decreased to ₹285.95 million from ₹381.22 million.
The manufacturing segment demonstrated exceptional performance with segment profit before interest and tax reaching ₹307.78 million, up sharply from ₹100.33 million in the previous year. The services segment generated a profit of ₹181.21 million, down from ₹209.23 million in the previous year. The earnings per share (basic) increased to ₹18.53 on a standalone basis and ₹18.39 on a consolidated basis, representing a 72.3% increase from the previous year. The disproportionate growth in domestic manufacturing revenue compared to services highlights ASM Technologies' strategic shift or success in scaling its design-led manufacturing capabilities, with the manufacturing segment's contribution expanding nearly threefold.
The statutory auditors, B.K. Ramadhyani & Co. LLP, issued an unmodified review opinion on the quarterly results but highlighted two matters of emphasis. First, the company holds non-current investments in Eclectic IQ (formerly Polylogyx) and Lavelle Networks Private Limited, carried at costs of ₹8.03 million and ₹55.00 million respectively, with fair values of ₹12.65 million and ₹64.25 million. Management stated that no impairment exists despite ongoing efforts to obtain formal valuation reports under Ind AS 109. Second, the auditors noted that the company has implemented a new ERP system, TCS iON™, which is currently undergoing stabilization. Management is addressing system bugs and process deficiencies related to inventory valuation, prepaid expenses amortization, and debtor aging, with rectifications carried out outside the ERP system where necessary.
