Interest and depreciation push APCL to a Rs 9.8 cr Q1 loss
The consolidated business generated Rs 1.36 cr of operating profit, but finance and depreciation charges drove PBT to Rs -10.84 cr.
Filed 12 Aug 2026, 19:15 IST · after market close · APCL (APCL)
Key takeaways
- APCL reported a consolidated net loss of Rs -9.8 cr in Q1FY27 despite operating profit of Rs 1.36 cr.
- Interest of Rs 4.92 cr and depreciation of Rs 7.44 cr more than offset operating profit, taking PBT to Rs -10.84 cr.
- The Rs 1.04 cr tax benefit reduced the loss, while other income of Rs 0.16 cr had little bearing on the result.
Operating profit was not enough to cover fixed charges
APCL's consolidated revenue was Rs 89.76 cr and operating profit was Rs 1.36 cr, implying an operating margin of 1.52%. Interest of Rs 4.92 cr and depreciation of Rs 7.44 cr together outweighed operating profit, resulting in a pre-tax loss of Rs 10.84 cr. Other income of Rs 0.16 cr was too small to change the outcome.
Tax benefit softened, but did not remove, the loss
The Rs 1.04 cr tax benefit reduced the reported loss from the pre-tax level to a consolidated net loss of Rs 9.8 cr. The reported tax rate was 9.59%, but there was no operating or other-income offset large enough to absorb the interest and depreciation burden. EPS was Rs -2.41.
Results were filed after market close
The Q1FY27 results were filed after market close, so there is no immediate market reaction to assess. With no year-on-year or sequential comparison provided, the quarter is best read through the low 1.52% operating margin and the gap between operating profit and the Rs 10.84 cr pre-tax loss.
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 | ₹90 cr |
| Other income | ₹0 cr |
| Expenses | ₹88 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 1.52% |
| Interest | ₹5 cr |
| Depreciation | ₹7 cr |
| Profit before tax | ₹-11 cr |
| Tax | ₹-1 cr |
| Net profit | ₹-10 cr |
| EPS (₹) | ₹-2.41 |
What to watch
- Whether operating profit remains positive against the Q1FY27 level of Rs 1.36 cr.
- Whether operating margin improves from 1.52%.