Other income lifts ALPA to profit despite Q1 operating loss
Expenses exceeded revenue by Rs 3.96 cr, while Rs 5.77 cr of other income produced Rs 0.98 cr of profit before tax.
Filed 13 Aug 2026, 20:09 IST · after market close · ALPA (ALPA)
Key takeaways
- Consolidated expenses of Rs 27.89 cr exceeded revenue of Rs 23.93 cr, producing an operating loss of Rs 3.96 cr in Q1FY27.
- Other income of Rs 5.77 cr more than offset the operating loss, leaving profit before tax and net profit at Rs 0.98 cr.
- A zero tax rate helped preserve the Rs 0.98 cr net profit, with reported EPS at Rs 0.49 despite the operating loss.
Operating loss sets the quarter
ALPA reported consolidated revenue of Rs 23.93 cr against expenses of Rs 27.89 cr in Q1FY27. The resulting Rs 3.96 cr operating loss shows that the reported profit did not come from the core operating line.
Profit quality is tied to other income
Other income of Rs 5.77 cr was the key offset to the operating loss and supported profit before tax of Rs 0.98 cr. With tax at Rs 0 and a 0% tax rate, the full Rs 0.98 cr of profit before tax flowed through as net profit.
Results were filed after market close
The company filed its consolidated Q1FY27 results after market close on 13 Aug 2026 at 20:09 IST. The stock's post-results response is not part of this update because the filing was made after trading hours.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹24 cr |
| Other income | ₹6 cr |
| Expenses | ₹28 cr |
| Operating profit | ₹-4 cr |
| Operating margin (%) | -16.54% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.49 |
What to watch
- Whether operating margin improves from -16.54%.
- Whether revenue exceeds the current expense base of Rs 27.89 cr.
- How much of profit continues to come from other income versus operations, against Rs 5.77 cr this quarter.