ASAL's Q1 operating margin leaves little room after finance and depreciation costs
Standalone net profit was Rs 4.69 cr, while other income was only Rs 0.58 cr, keeping the result largely operational.
Filed 24 Jul 2026, 13:22 IST · ASAL (ASAL)
Key takeaways
- ASAL's standalone Q1FY27 operating margin was 5.57%, leaving limited conversion of Rs 253.32 cr revenue into operating profit.
- Interest of Rs 3.56 cr and depreciation of Rs 4.87 cr reduced operating profit of Rs 14.11 cr to Rs 6.26 cr before tax.
- Other income of Rs 0.58 cr was small relative to Rs 6.26 cr profit before tax, while the 25.17% tax rate left net profit at Rs 4.69 cr.
Thin operating conversion in Q1FY27
On a standalone basis, Rs 253.32 cr of revenue translated into Rs 14.11 cr of operating profit, a 5.57% margin. The resulting Rs 6.26 cr profit before tax shows that operating profit was materially reduced after interest and depreciation.
Below-operating charges shaped reported profit
Interest of Rs 3.56 cr and depreciation of Rs 4.87 cr were the main charges between operating profit and profit before tax. Other income contributed Rs 0.58 cr, so the quarter's profit was not driven by a large non-operating income contribution; tax at 25.17% reduced profit before tax to Rs 4.69 cr.
No comparison or market reaction yet
The quarter has no reported year-on-year or sequential comparison, and there is no multi-quarter trend to establish whether the 5.57% operating margin is improving or deteriorating. The filing was made on 24 July 2026, before the market close, so a post-results stock reaction is not covered here.
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 | ₹253 cr |
| Other income | ₹1 cr |
| Expenses | ₹239 cr |
| Operating profit | ₹14 cr |
| Operating margin (%) | 5.57% |
| Interest | ₹4 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹6 cr |
| Tax | ₹2 cr |
| Net profit | ₹5 cr |
| EPS (₹) | ₹2.95 |
What to watch
- Whether operating margin holds above 5.57% next quarter.
- Whether interest stays below Rs 3.56 cr as operating profit changes.
- Whether other income remains limited relative to Rs 6.26 cr profit before tax.