Thin 3.53% operating margin leaves Q1FY27 profit dependent on other income
Other income of Rs 3.72 cr nearly matched profit before tax of Rs 3.89 cr, while a 54.85% tax rate limited conversion into net profit.
Filed 11 Aug 2026, 19:48 IST · after market close · APOLSINHOT (APOLSINHOT)
Key takeaways
- A 3.53% consolidated operating margin left little room between revenue and expenses in Q1FY27.
- Other income of Rs 3.72 cr was close to profit before tax of Rs 3.89 cr, making the Rs 1.76 cr net profit partly reliant on non-operating income.
- A 54.85% tax rate, along with Rs 2.12 cr of interest, further reduced profit after operating and depreciation charges.
Expenses left a narrow operating spread
Consolidated expenses of Rs 171.96 cr against revenue of Rs 178.26 cr left operating profit at Rs 6.30 cr and the operating margin at 3.53%. The narrow spread means the quarter had limited operating cover before interest, depreciation and tax.
Other income was material to reported profit
Other income of Rs 3.72 cr was close to profit before tax of Rs 3.89 cr, so reported earnings included a sizeable non-operating contribution. Interest of Rs 2.12 cr and depreciation of Rs 4.01 cr further reduced the operating result before tax was applied. The 54.85% tax rate left net profit at Rs 1.76 cr.
No post-results market reaction is available yet
The consolidated results were filed after market close on 11 Aug 2026. There is therefore no post-results stock reaction to assess, and no sequential, year-on-year or multi-quarter trend is available in this release.
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 | ₹178 cr |
| Other income | ₹4 cr |
| Expenses | ₹172 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 3.53% |
| Interest | ₹2 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹4 cr |
| Tax | ₹2 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹6.76 |
What to watch
- Whether operating margin moves from the Q1FY27 level of 3.53%.
- Whether other income remains close to profit before tax of Rs 3.89 cr.
- Whether the tax rate moves from 54.85% in the next reported quarter.