Aarnav's Q1 profit reflects a heavy interest burden
Standalone operating profit was Rs 6.69 cr, but interest and depreciation reduced profit before tax to Rs 2.26 cr.
Filed 28 Jul 2026, 19:03 IST · after market close · AARNAV (AARNAV)
Key takeaways
- Aarnav reported standalone net profit of Rs 1.68 cr in Q1FY27, with EPS of Rs 0.40.
- Interest of Rs 2.57 cr absorbed a large part of operating profit of Rs 6.69 cr.
- Other income of Rs 0.08 cr provided little support to standalone profit before tax of Rs 2.26 cr.
Interest and depreciation narrowed the profit conversion
Aarnav's standalone revenue was Rs 86.53 cr and expenses were Rs 79.83 cr, leaving operating profit of Rs 6.69 cr. Interest at Rs 2.57 cr and depreciation at Rs 1.95 cr together absorbed much of that operating profit before tax. Other income was only Rs 0.08 cr, so it did not materially lift the result.
Operating margin ended the quarter at 7.74%
The standalone operating margin was 7.74%, indicating limited conversion of revenue into operating profit. Profit before tax was Rs 2.26 cr after the interest and depreciation charges. Tax of Rs 0.57 cr resulted in a tax rate of 25.49%, leaving net profit at Rs 1.68 cr.
Results were filed after market close
The standalone results were filed on 28 July 2026 at 19:03 IST, after the market closed. With no sequential, year-on-year or post-result trading comparison provided, the quarter's key read-through is the gap between operating profit of Rs 6.69 cr and profit before tax of Rs 2.26 cr.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹87 cr |
| Other income | ₹0 cr |
| Expenses | ₹80 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 7.74% |
| Interest | ₹3 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.40 |
What to watch
- Whether operating margin remains above 7.74%.
- Whether interest stays below operating profit of Rs 6.69 cr.
- Whether other income remains limited relative to profit before tax of Rs 2.26 cr.