Thin operating margin leaves ARMEE with Rs 1.82 cr profit
Consolidated interest of Rs 3.46 cr and depreciation of Rs 1.29 cr reduced Rs 6.95 cr of operating profit to Rs 2.52 cr before tax.
Filed 15 Oct 2026, 19:56 IST · after market close · ARMEE (ARMEE)
Key takeaways
- Consolidated revenue of Rs 275.79 cr produced operating profit of Rs 6.95 cr, leaving Rs 2.52 cr before tax after interest and depreciation.
- Interest of Rs 3.46 cr exceeded depreciation of Rs 1.29 cr, sharply narrowing the conversion of operating profit into pre-tax profit.
- Net profit was Rs 1.82 cr, while other income of Rs 0.32 cr provided limited support to reported earnings.
Low operating cushion in Q1FY27
ARMEE's consolidated operating profit of Rs 6.95 cr on revenue of Rs 275.79 cr points to a thin operating cushion, reflected in the 2.52% operating margin. Expenses were Rs 268.85 cr, leaving limited room between operating income and costs.
Interest absorbed more than depreciation
Interest of Rs 3.46 cr was the larger charge against operating profit, compared with depreciation of Rs 1.29 cr. Together, these charges brought profit before tax down to Rs 2.52 cr. Other income was Rs 0.32 cr, so the quarter's earnings were not primarily supported by non-operating income.
Filed after market close
The consolidated Q1FY27 results were filed after market close on 15 October 2026. Net profit was Rs 1.82 cr and basic EPS was Rs 0.76.
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 | ₹276 cr |
| Other income | ₹0 cr |
| Expenses | ₹269 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 2.52% |
| Interest | ₹3 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.76 |
What to watch
- Whether operating margin improves from 2.52%.
- Whether interest stays below the Rs 3.46 cr reported in Q1FY27.
- Whether profit before tax widens from Rs 2.52 cr without greater reliance on Rs 0.32 cr of other income.