Authum Investment & Infrastructure Limited (AIIL) — Financial Results

Investor Takeaways

Reported Q1FY26 profit of ₹943.01 Cr, down from ₹943.01 Cr in Q4FY26 (₹943.01 Cr vs ₹57.53 Cr) — note: profit declined significantly quarter-on-quarter.

OPM remained high at 95.36% in Q1FY26, though lower than 96.3% in Q2FY26.

Annualized revenue for Q1FY26 was ₹1,215.13 Cr, with full-year revenue implied to be lower based on sequential decline.

No specific risks identified in this filing.

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹1,215.13 Cr (Q1FY26)	Not available
Net Profit	₹943.01 Cr (Q1FY26)	Not available
EBITDA	Not available	Not available
EPS	₹55.52 (Q1FY26)	Not available
OPM	95.36% (Q1FY26)	Not available

What Changed

The filing presents quarterly financial performance for the last four quarters, showing a clear downward trend in both revenue and profitability. In Q1FY26, revenue stood at ₹1,215.13 Cr with a net profit of ₹943.01 Cr and an OPM of 95.36%. This contrasts sharply with the prior quarter (Q2FY26), where revenue was ₹604.91 Cr and profit was ₹767.33 Cr — indicating a reversal in trend. However, the filing does not provide full-year revenue or profit figures, nor does it clarify whether these numbers are standalone or part of a broader consolidation. The significant drop in profit from ₹943.01 Cr in Q1FY26 to ₹57.53 Cr in Q4FY26 suggests volatility in quarterly performance, but without comparative YoY data or context on business segment changes, the underlying cause cannot be assessed. EPS also declined from ₹55.52 in Q1FY26 to ₹0.77 in Q4FY26, reflecting the steep profit contraction in the final quarter. The company’s capital efficiency metrics — ROE of 24.74% and ROCE of 21.98% — are strong relative to peers, and its low debt-to-equity ratio of 0.04 indicates minimal leverage. However, the sharp sequential decline in profitability raises questions about sustainability, even if absolute levels remain robust.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Authum Investment & Infrastructure Limited (AIIL)	Not available	24.74%	21.98%	42,928.35
HDFC Bank Limited (HDFCBANK)	15.5	14.3%	24.4%	1,18,1607.38
ICICI Bank Limited (ICICIBANK)	15.47	N/A%	N/A%	8,92,242
State Bank of India (SBIN)	10.44	N/A%	N/A%	8,89,093.09

Authum Investment & Infrastructure Limited demonstrates higher ROE and ROCE compared to HDFC Bank, despite a much lower market capitalization. Its P/E ratio is not available, but the company’s capital efficiency metrics are comparable or superior to larger peers. However, the peer comparison is limited due to missing or N/A values for key metrics in two of the three peer companies.