Zero tax kept AUTOIND's Q4 net profit at Rs 17.62 cr
Interest of Rs 10.31 cr and depreciation of Rs 6.00 cr cut operating profit to Rs 17.62 cr before tax; management framed FY27 around cash conversion.
Filed 26 Aug 2026, 14:59 IST · AUTOIND (AUTOIND)
Key takeaways
- Standalone Q4FY26 operating profit of Rs 28.37 cr was reduced by Rs 10.31 cr of interest and Rs 6.00 cr of depreciation.
- A 0% tax rate meant standalone net profit matched pre-tax profit at Rs 17.62 cr, making the quarter's reported profit tax-assisted.
- Management said FY27 growth will be pursued only where customer schedules, capacity readiness and cash conversion are visible, against Q4FY26 revenue of Rs 289 cr.
Interest absorbed a large part of operating profit
AUTOIND reported standalone operating profit of Rs 28.37 cr on revenue of Rs 289 cr, with expenses at Rs 260.63 cr. Interest of Rs 10.31 cr and depreciation of Rs 6.00 cr reduced this to profit before tax of Rs 17.62 cr. The 0% tax rate then allowed the full pre-tax profit to flow into reported net profit.
Q4 margin needs to be read with limited cost detail
The standalone operating margin was 9.82%, but the available quarter data does not identify a specific cost line behind that outcome. The main visible deductions below operating profit were interest of Rs 10.31 cr and depreciation of Rs 6.00 cr. EPS was Rs 3.88 after the 0% tax charge.
Management put FY27 emphasis on conversion, not volume alone
Management said FY27 would be managed as a conversion plan spanning opportunity, capacity, production, dispatch, receivables and cash. It said growth would be pursued where customer schedules, commercial clarity, capacity readiness and cash conversion are visible. The company also said plant bottlenecks would be identified and commissioning tied to customer validation.
Capex and assets to be screened for returns and cash
Management said capex would be gated by customer visibility, OEE, margin protection, payback and cash discipline. It also identified less-performing assets for rationalisation. These comments place cash conversion and asset productivity alongside capacity expansion in the company's stated FY27 framework.
Q4FY26 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹289 cr |
| Other income | ₹6 cr |
| Expenses | ₹261 cr |
| Operating profit | ₹28 cr |
| Operating margin (%) | 9.82% |
| Interest | ₹10 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹18 cr |
| Tax | ₹0 cr |
| Net profit | ₹18 cr |
| EPS (₹) | ₹3.88 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- Growth will be pursued where customer schedules, commercial clarity, capacity readiness and cash conversion are visible.
- FY27 will be managed as a conversion plan from opportunity through capacity, production, dispatch, receivables and cash.
Expansion
- Plant-wise bottlenecks will be identified and commissioning will be tied to customer validation.
- Capex will be gated by customer visibility, OEE, margin protection, payback and cash discipline.
Problems & risks
- The company identifies less-performing assets for rationalisation.
What to watch
- Whether standalone operating margin moves above or below 9.82%.
- Whether interest remains close to Rs 10.31 cr as operating profit changes.
- Whether the tax rate remains at 0% and continues to link net profit with pre-tax profit.